Conducting e-Business Essay Example | Topics and Well Written Essays - 1500 words

Conducting e-Business - Essay Example Challenges faced by start-up businesses wanting to make the best use of the Internet are first to know why they should take up the e-business route, to know what options are available, and then know in more detail how to go about the whole process of setting up and running the system. All companies under the capitalist system seek competitive advantage over their competition. Therefore, minimizing costs and maximizing profits are the higher priorities. Greater challenges faced by those start-up businesses wanting to use the Internet as its core medium of operation through the deployment of a data-centric service or product: Effective integration of business processes so that the e-business solution is capable of delivering reliable and accurate product/service information online in real time. The company should be able to react quickly to take on new opportunities and reduce costs and time to market their products/services. Additional modules of the e-business system should be flexible, meet industry standards, and allow new implementations to be added easily and quickly, and with minimal disruption. The system must be able to handle the different computing systems across all the company’s offices and departments. Security issues dealing with authorization and access to the system both internally and on the Internet. Seamless integration of internal database with Internet system. Implementation of feedback loops to tailor service based on individual decisions and requirements. This requires faster data analysis tools and greater integration.