Jaian Cuttari-What are the features of the electronic business?

E-business is a widespread term that contains all forms of utilizing digital data and communication technologies to sustain and optimize business operations. In distinction, e-commerce represents only the online trading of products and services. According to Jaian Cuttari, the most critical part of electronic business is “electronic value creation” – the generation of electronically counted worth.

The forms of electronic added value are generally characterized in the following way:

Structuring value: an online proposal reaches an overview of a big amount of data.

Selection value: an online offer delivers a particular database statement upon demand.

Matching value: an online proposal creates it feasible to incorporate questions from suppliers and buyers more efficiently.

The core elements of e-business are information, communication, and marketing. Business associates utilize digital networks to operate business functions using creative technologies to improve efficiency. Three essential areas are extremely essential for e-business:

E-procurement: the electronic sourcing of products and benefits by businesses, concentrated on lowering prices and effort.

Online stores: the electronic sale of products and services via suitable platforms, such as online stores.

Online marketplaces: electronic commerce connects the customers and suppliers of products and services.

There are also two additional areas of e-business:

Online communities: electronic communication network between people and company, which supports information and knowledge sharing as well as the preparation of marketing judgments.

Online companies: electronic business collaboration for connecting private business services, resulting in a digital business with a standard marketing proposal.

To completely know the idea of e-business, you must first learn the connection between e-business and the net economy and know who the regular market participants are in the industry.

Net economy and e-business

The scope of e-business is defined by the net economy. This guides the retail benefit of digital data networks for managing information, contact, and transaction methods via different platforms.

Market participants in e-business

According to  Jaian Cuttari, E-business can take place between a considerable number of market participants: between businesses and consumers, different private people, public administrations, and other institutions such as NGOs.