Tools for E-Businesses Research Paper Example | Topics and Well Written Essays - 1250 words

Tools for E-Businesses - Research Paper Example Since the first website appeared online, organizations, companies and institutions have gone on a rush. It is not enough to be on-line with a domain name and a simple website. A useful and well-designed website is an important factor to consider. Website statics are a major concern for the management who want to realize a return on investment for their money1. Despite the overrated chants for this new-age business concept that has suddenly become the goal of many commercial organizations, not much has changed in the traditional way of handling various business processes. E-business maintains the same principles of business operation as traditional commerce: people, both sellers and buyers, come together to exchange commodities and services over a network of computers. Ordering, buying, bidding, selling, customer services, inquiries and virtually all the business processes still uphold the underlying principles of commerce. E-commerce is a subset of the overall e-business strategy. It chiefly seeks to improve the buy-sell transaction activities in a business; as a result it increases the revenue. In a way e-commerce covers a range of on-line business activities for services and products, both businesses to customer and business to business on the Internet as a platform. E-commerce breaks the process of online business into showing the scope activities and information that is provided to the customer to conduct business and online shopping. Multiple and different functions go into the requirements of e-businesses. For instance, there are some basic functional necessities that cover the sort of specialized that perform the functions that run on the e-business mode. There are also other functions that cover the software and hardware requirements to carry out the same services. An analysis of how e-businesses verity credit, process an order and how they fulfill the order as well as how they verity shipments and all or any post sales process needs to be considered wh ile assessing the performance of an e-business. Functionality, both technical and non-technical, is fundamental for an e-business2. Technical functionality refers to the information processing capability of the e-business systems. It points to the server requirements, Internet speed requirement etc. These functional requirements are the foundations and platforms of the e-businesses. The nature that makes business processes virtual in e-business is supported by these systems. Many stakeholders control the entire system and as such an e-businesses smooth operation especially when operating online is controlled by many other people or organizations. Additionally, e-businesses need other functionality such as security, scalability and reliability to be in place. This may make or break a venture and essentially are what keeps any e-business venture in operation. Without security, performing reliable business functions will not be with trust on the end of the consumer. Consumer trust is v ital just like with a traditional store. Building consumer confidence in your system is in this case a good sign of growing business. Order processing needs the transaction processing and database information mining. Speed and efficiency are factors that are considered in evaluating the usability of a system supporting e-business. Payment methods include credit cards, electronic checking and digital cash.