E-Business and E-Commerce overview.

We have recently entered the age of knowledge, often phrases like knowledge is power and content is king will hit your ears more often when discussing business on the net. Events that have continued to unfold in the short course of e-commerce and e-business history have demonstrated and continue to demonstrate that successful e-business are those that recognize the needs of their target audiences and match those needs with relevant content..

The term e-commerce and e-business are often confused with one another though they may be related they are different-commerce involves exchanges among customers, business partners and the vendor. E.g. a supplier interacts with a manufacturer, customers interact with sales representatives and shipment providers interact with distributors.

E-business is composed of the same elements but also include operation that are handled within the business itself e.g.

·         Production

·         Development

·         Corporate infrastructure

·         Product management.

These two; e-commerce and e-business have increased the speed at which business transactions are being carried out. Also the ease involved in carrying business transactions built on these two models seems to be going through with a lot of ease. As a result of these two, ease and increased speed competition has become intense.

What does this mean to businesses? It is the high time that businesses must adjust constantly to new technologies, integrate newer and faster systems and meet the needs of the people around there targeted market segments. Competing entities must therefore must therefore realize that customers do not have to go far to buy from next available vendor as in these models they are just a click away from them.