Examples of e-business in the following topics:
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- In the emerging global economy, e-business has become an increasingly necessary component of business strategy.
- The term electronic business (commonly referred to as E-business or e-business) is sometimes used interchangeably with e-commerce.
- In practice, e-business is more than just e-commerce.
- While e-business refers to a strategic focus with an emphasis on the functions that occur using electronic capabilities, e-commerce is a subset of an overall e-business strategy.
- E-business software allows the integration of intrafirm and interfirm business processes.
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- IBM's coining of the term "e-business," and its subsequent use as the organizing theme for all that the company did in the late 1990s.
- Horizontal integration – The merger or acquisition of new business operations.
- Diversification can occur either at the business-unit level or at the corporate level.
- At the business-unit level, diversification is most likely to involve expansion into a new segment of an industry in which the business already competes.
- At the corporate level, it generally means entrance into a promising business outside the scope of the existing business unit.
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- To meet business goals, managers develop business plans not only to reach targets but also to strengthen and change public perception of the company's brand.
- Perhaps the most important benefit of developing business and marketing plans is the nature of the planning process itself.
- This business plan takes aspects of a business and identifies clear goals for each: e.g., for the technology to move from being weak and non-integrated to enabling workflows, and for the business's focus to transition from being inwardly to outwardly focused.
- Identify the critical benefits derived through utilizing business and marketing plans in strategic management
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- A business must practice ethics in organizational communication to establish and maintain a positive image.
- A business can shape and protect its images by carefully crafting its communication strategies.
- Customers appreciate social responsibility; as a result, companies that practice CSR can gain more business and also maintain their business more easily.
- In order to reap the business benefits of socially responsible practices, companies must be sure that they are communicating those practices clearly, both to internal stakeholders (e.g., employees who may be more motivated to stay at the company) and external stakeholders (e.g., customers who may be convinced to purchase the company's products).
- Some companies that value CSR have joined socially responsible business networks.
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- Business communication often relies on the use of technology to connect and facilitate the flow of information among individuals, groups, and organizations.
- E-mail and digital documents, such as spreadsheets and presentations, are examples of asynchronous tools.
- Electronic memos that are e-mailed or documents shared via computer servers are examples.
- Organizations use communication technology to support and drive their business activities.
- Some examples of technology used to communicate in business include:
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- Business strategy refers to the aggregated strategies of a single business firm or a strategic business unit (SBU) in a diversified corporation.
- A business plan is a formal statement of a set of business goals, the reasons they are attainable, and the plan for reaching them.
- For example, a business plan for a nonprofit might discuss the fit between the business plan and the organization's mission.
- It can be helpful to view the business plan as a collection of subplans, one for each of the main business disciplines.
- Often discussed in tools for planning are models that measure the internal and external environments (e.g.
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- General managers focus on the entire business, while functional managers specialize in a particular unit or department.
- General management focuses on the entire business as a whole.
- General managers include owners and managers who head small-business establishments with duties that are primarily managerial.
- Each functional manager is in control of a particular area of expertise—e.g., operations or policy and planning—and the general manager supervises all the functional managers.
- Differentiate between functional management and general management from a business perspective
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- On the other hand, effectively managed technology affords businesses the opportunity to outpace the competition (see figure below).
- Organization: Businesses are constructed under the assumption of synergy.
- Information:Technology evolves exponentially, often changing faster than businesses can easily monitor.
- Developing new technologies in-house is particularly relevant to industries on the cutting edge (e.g., semiconductors, green energy initiatives, TVs, etc.), while forecasting is more critical for the users/consumers of these industries on the business level.
- Recognize the opportunities and threats inherent in the technological landscape from a business perspective, and how to manage these
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- It is a process of strengthening a directly measurable dimension of behavior, such as rate (e.g., pulling a lever more frequently), duration (e.g., pulling a lever for longer periods of time), magnitude (e.g., pulling a lever with greater force), or latency (e.g., pulling a lever more quickly following the onset of an environmental event), as a function of the delivery of a stimulus (e.g., money from a slot machine) immediately or shortly after the occurrence of the behavior.
- Incentive programs are particularly used in business management to motivate employees and in sales to attract and retain customers.
- It can motivate the staff which in turn helps business.
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