E-Business Proposal
Starting out as a government and research network, the Internet became available to the public in the early 1990's attracting millions of users. Since then, the Internet has become the largest and most important network. In 1998, the Internet had 100 million users; that number is doubling every year. The Internet has revolutionized the businesses of today. Instead of having physical stores, companies can sell their products right off of the Web. There are millions of electronic businesses on the Web; some companies have been a huge success and some have been a huge failure. In order for an e-business to survive a company must understand the market in E-Business, the importance of E-Intelligence, understand the failure of other businesses, and develop an E-Readiness plan.
Electronic commerce enables companies of all sizes and all market sectors to compete on the same stage. The Web slashes through the barriers of geography and time to reduce a company's cost. Terry Hiles, a e-businessman, says, "With about 550 million potential customers using the Internet by the year 2000 the opportunities for electronic commerce will be massive, If you don't wake up to what's happening you'll lose out to compan
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However, registration must be fast and easy. It enables organizations to share information with trading partners by extending business intelligence outside of the corporate firewall. This reduces cost and increases profit margin by two companies working cooperatively and sharing business information. The Internet creates an intensely competitive market where organizations need to beadle to react spontaneously to change in the market.
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