Sunday, July 26, 2020

Citi-Bank E Business Strategy And E- Business Projects Coursework

Citi-Bank E Business Strategy And E- Business Projects Coursework Citi-Bank E Business Strategy And E- Business Projects â€" Coursework Example > Roll No: Class: University: January 23, 2008University: E-commerceSetting business on internet is known as E-commerce that facilitates visitors to access business web-site and probe into details of catalog of products online. A visitor desire to buy anything has the option to add it to their practical shopping basket. Items included I the shopping basket can be deleted or added in case a customer is ready to checkout requesting a business their address and method of payment usually through credit card. Once all necessary information has been added all a customer is to do to wait for the delivery. E-commerce is not just about online retailing or stores, it deals everything and anything related to money. Normally a payment is made via credit, visa cash or check. Banks all over the world are providing their customer accessibility to their account at bank through web. It is expected that web will penetrate deep into the affairs of the life of a common man as an order and reservation f or move at the domestic video store can even be made through online and the titles can also be browsed through surfing. In short it can be said that through implementing e-business a person can save money and time, are online seven days a week, twenty four hours a day. E-commerce is the transformation of prime business process via usage of internet technologies. Every sphere of life is being altered by Web. In fact every area is experiencing a significant and swift change and business is no exception. Businesses commenced to accomplish real value of business as they integrate Internet technology in the hub of their processes. Presently companies whether small or large in size are utilizing Web for the purpose of communicating with their stake holders to remain linked with their data-systems and managing commerce. This is ‘e-commerce’ in which the reliability and strength of convention information technology coordinate with Web. (5. Michales E. Harvard Business School Press, Bo ston, 2001)New delicate combination of Web with information technology model mingles the simplicity; standards and connectivity of core processes with Internet are the foundation of business. People conduct business in extra expressive manner as the fresh killer apps are much more interactive, and business is intensive. The significant element of an e-business is an organization that can become accustomed to continuous and constant change. For managing transitions in a smooth manner two significant ideas are worth remembering: Start easy and simple but ensure planning to develop quicklyEstablish on what a business owns presently (7. Winter M. ABA Banking Journal, 2005)E-commerce is not about re-creation or re-inventing the wheel of any business. It in fact is about reformation of present business processes that is able to improve and enhance operating efficiencies, that in turn is able to strengthen the worth being provided by the business to customers. This worth cannot be produc ed and generated through any other means. As such it is a value that can provide a serious benefit to the business over competition. (3. Johnson G. Prentice Hall, Essex, 2005)

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