The Efficacy of E-Business and the Current Business Environment
Keywords:
E-Business, Business environmentAbstract
Information Technology driven business environment has created a transition from brick and mortar companies to click and mortar companies and then to brick and click companies. There has been a widespread increase in the number of people purchasing goods and procuring services online. This transition has made the term ‘e-Business’ an inevitable part in today’s business environment. This Paper deals with the identification of factors that led to the expansion of e-business and also on the impact that e-business has created in the current business scenario examining the various aspects of e-business. Factors such as cost, external and internal environment of the organization, government decisions, and nature of the industry affected the implementation of e-business. It was inferred from the study that e-business had a positive impact on the growth of businesses by improving its operational efficiency and productivity.
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