1 Lec (1)

BASIC CONCEPTS OF E-BUSINESS
Business is an activity for the production and sale of goods and services, which is carried out in a competitive market and the purpose of which is to make a profit.
Entrepreneurship is the process of creating something new that has value

Characteristics of the information society
priority of information resources in comparison with other resources;
automated generation, preservation, processing, and use of knowledge and information, based on information and communication technology and e-business;
the global nature of the application of network technology;
free access of everyone to information resources

E-business is a type of economic activity of companies through computer networks, in particular, the Internet, in order to make a profit.
Electronic commerce (e-commerce) is a type of electronic commercial activity using information and communication technologies.
Internet commerce is an electronic commerce limited to using only the Internet computer network.

E-business is more than a simple electronic purchase or sale of goods, it needs to use network communication technologies to carry out actions in order to generate profits inside and outside the enterprise.
E-business consists of four stages:
marketing,
production,
sales and
payments

E-business technologies are one of the important tools of modern competition

In general, electronic business management covers three components:
electronic document management;
electronic payment system;
electronic commerce

E-business is based on such important technologies:
network technologies;
corporate;
Internet technologies
production IT;
decision support system
artificial intelligence technologies

The process of creating an electronic business can be represented through the following components:
forecasting;
synthesis of technological components;
synthesis of commercial components;
principles and technologies of implementation –
clearly defined strategies.

The reasons why companies are moving to the electronic space:
the development of new market segments;
increasing the level of response;
the provision of new services;
cost reduction;
support of business processes in on-line mode;
close partnership;
round-the-clock access.

Principles (Laws) of e-business functioning
E-trading - part of any business.
Electronic (virtual economy) is called such an environment, especially the economic space in which e-commerce and e-business is carried out; it is an economy that is based on the use of interactive opportunities.

E-commerce
E-commerce is a component of e-business, this is one of the ways to implement it
Sometimes this economy is called a network economy or digital economy
M. Castels identifies five principles of the digital economy:
performance mainly depends on the use of science and technology and the quality of the information and management;
in the advanced capitalist countries the attention of producers and consumers are migrating from the material production to information activities;
deep transformation of the production process;
the global nature of the economy, in which capital, production, management, markets, labor, information and technologies are organized regardless of national borders;
the revolutionary nature of technological changes, which are based on IT, which transform the material basis of the modern world.

There are three components of the electronic economy:
e-commerce;
IT infrastructure;
the infrastructure of the electronic business