E-Business

= Electronic Business

• The New, Weightless, Wireless, Connected Economy.

• “Welcome to the age of the Network” declared Fortune magazine.

“Cyberspace”• Cyberspace is "the notional environment in which

communication over computer networks occurs.” During 80s and 90s uses of the internet, networking, and digital communication were all growing dramatically and the term "cyberspace" was able to represent the many new ideas and phenomena that were emerging.

• As a social experience, individuals can interact, exchange ideas, share information, provide social support, conduct business, direct actions, create artistic media, play games, engage in political discussion, and so on, using this global network. They are sometimes referred to as cybernauts. The term cyberspace has become a conventional means to describe anything associated with the Internet and the diverse Internet culture.

E.Business

Here we are talking about Business Efficiency, higher productivity, better profit margins, lower costs and increased sales opportunities.

Internet evolution p.571. Stage 1: E.mail delivers an immediate boost to a company’s

efficiency making global communication very easy.2. Stage 2: Website: A company’s business works better if they

publish their website online. It serves as a global presence, like an online shop window.

3. Stage 3: E.Commerce: Customers can place orders via website. You can trade 24hrs a day. Your sales opportunities increase and costs plunge/tumble/drop. (trading is done online via transactions)

4. Stage 4: E.business: Internet technology can boost a company’s productivity and reduce operating costs offering a more efficent way to operate the company.

5. Stage 5: Ecosystem: E business has led to the intergration of infrastructures that incorporate customers, suppliers and other partners who therefore communicate and manage business on a huge scale allowing for unprecedented standards of customer service. Processes and logistics are automated.

Abreviations in article p.59 (in dispensa)

B2B = Business to BusinessB2C = Business to CustomerIT = Information TechnologySME = Small and Medium-sized Enterprises

Word partnerships match the words to form partnershipsa. Exchangeb. Publishc. Enabled. Place

e. Engage inf. Tradeg. Deliverh. reduce

1. Orders via a website2. Customers to communicate3. Data4. A website

5. Operating costs6. E-commerce7. 24 hours a day8. Service and support

KEY - Word partnerships p.58

a. Exchangeb. Publishc. Enabled. Place

e. Engage inf. Tradeg. Deliverh. reduce

1. Data2. A website3. Customers to communicate4. Orders via a website

5. E-commerce6. 24 hours a day7. Service and support8. Operating costs

Word parnerships p.62 Match

A good e-business website…1. Ensures 2. Is linked3. Monitors4. Is able to receive5. Recognises and

welcomes6. Is registered7. Manages8. Is managed

a. with the major search engines like google…

b. to other sites of internet.c. on a 24 hour basis.d. orders and payments.e. digital security for payments.f. the number of hits the website

receives.g. registered visitors who return to

the site.h. stock control electronically.

Word parnerships p.62 Key

A good e-business website…1. Ensures 2. Is linked3. Monitors4. Is able to receive5. Recognises and

welcomes6. Is registered7. Manages8. Is managed

a. digital security for payments.b. to other sites of internet.c. the number of hits the website

receives.d. orders and payments.e. registered visitors who return to

the site.f. with the major search engines like

google…g. stock control electronically.h. on a 24 hour basis.

What is a dotcom business?

A “dotcom” is different from a traditional company as it interacts with its customers on a website. It is open 24 hours a day, every day of the year and most transactions are done on the Internet. Dotcoms tend to be cheaper to run as

they have lower staff and location costs.

A lot of start-up dotcoms were set up around the beginning of the Millennium.

See Dispensa for reading “Dot.Con?” which talks about the rise and fall – and apparent resurgence – of e-

commerce and the Internet as a whole. + vocabulary exercises

Pages: 57 – 63