E-BUSINESS, STEP TO THE NEW WORLD.

1. INTRODUCTION:

Organisations cannot compete solely on past record of success in today’s rapidly changing business environment that is characterised by boundary blurring, disintermediation and hyper competition. To move ahead of these rivals they need to seek innovation constantly at every level of activities. Their ability to generate successful business models and strategies as well as new products, will be the key for their survival in new economy. The first step of such innovation is internet, which made the traditional commerce to evolve in to e-business trend.

IBM as defined the e-business as the transformation of key business process to the use of internet technologies (Schneider and Perry 2001). This essay explains the how the e-commerce has brought a great change in the commerce with the relevance to use of internet. First half of essay clearly states the emergence of e-commerce and latter part crit...