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eans such as electronic funds transfer, smart cards and digital cash. E-commerce covers outward facing processes that interact with customers, suppliers and external partners such as sales, marketing, delivery, customer service, purchasing of raw materials and supplies for production. It involves new business models and the capability to gain new revenue. So E-commerce is a subset of e-business. 

E-business or electronic business evolved from e-commerce. It is conducting business on the internet by not just selling and buying of goods but also servicing customers and join forces with business partners. Most companies have realised that the internet is a long term thing and will is here to stay. Corporate leaders have become conscious of the fact that in order to maintain the competitive edge they must become e-business as well (Altekar, 2005, Supply chain management, Prentice hall of India, New Delhi,Pg. 373) 

E-business includes e-commerce and is a much broader concept than e-commerce. It also covers internal processes such as production, new product development, stock management, risk management, finance and HR. E-business is more complex and more focused on internal processes. It is aimed at improving efficiency, productivity and cost savings as well (Bartels, 2000) 

CURRENT STATE OF E-BUSINESS MARKET: 

A research by Forrester research and cowls/samba information showed that in 1994, 240 million dollars worth of business was done on the internet. 

Source: Forrester research and cowls/samba information 

In the year 1996, that figure quadrupled and rose to 993.4 million US dollars and in the year 2000 it touched 6.9 billion US dollars. Business through internet is growing day by day. Most of the companies have realised that internet is a big electronic market and companies like Google, Amazon and E-bay are prime examples of it. Most of the companies now days have their own website and business on the internet have been adopted by large and small organizations (Kosiur, 1997) 

GENERAL IMPACTS OF ADOPTING E-BUSINESS: 

E-business now is not a new concept. The current state of e-business started taking its shape at the beginning of this century. The growth and its impact have been dramatic and will continue to be so. It is promoting a new, borderless global economy which is not only a technological issue but also a new approach of doing business. In brief, organisations are externalizing their business applications via internet in order to gain competitive advantage. The three key areas of focus are: 1) Business employee (such as intranet e-business sites) 2) Business to business (E-supply chain, e-marketing, e-support) and business to customer (via e-lobby or enterprise portal) (Hurwitz S J, 1999) https://www.informationweek.com/743/43uwjh.htm (29/12/06) 

The impact of E-business/IT on business relationship has been in theoretical level two folded. First, it has had a huge impact on internal process like book-keeping and salary payments, which happen inside a company engaged in a business relationship. Computerization from large mainframes to inexpensive PC’s with modems is an apparent improvement of internal processes. Secondly, it has had an impact on the number of connections, I-EDI and new本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。