what is the different between e-business and traditonal business?

Question

I need defenition of e-business and tradtional business. Thank you!

Answer 1

---Common business and E-business.
Common business: a type of retailing in which firms make direct contact with customers both to inform them about products and to receive sales orders.
E-business: Non-store retailing in which information about the seller’s products and services is connected to consumers to receive the information and purchase the products in the home.
If you like most Canadian, you buy nearly all the goods and services you consume from common business. Most common business is small operations, often consisting of just the owners and part-time help. But there are a few very large retailers, and these account for billion of dollars of sales each year.
The ability of E-business to bring together millions of widely dispersed consumers and businesses continues to change the types and roles of intermediaries in distribution channels. E-business is internet-based distribution-channel members that perform one or both of two functions: (1) they collect information about sellers and present it in convenient form to consumers, or (2) they help deliver internet products to consumers.

Answer 2

Transforming your company from a traditional company to a new e-Business enabled company accords you the following features and benefits:
1- Sharply reduced costs of doing business.
2- Better and improved ROI.
3- Better service to all your customers.
4- Increased visibility among your competition.
5- Better TTM (Timing to Market).
6- Official B2B designation.
7- More options to your buying customers.
8- You can deal more effectively with your suppliers.
9- Better marketing advantage than your competition.

Creating a web store is only the first step in transforming your business into a successful e-business. Next is creating an efficient, responsive supply chain linking all customers, suppliers, factories, warehouses, distributors, carriers and other trading partners. The true test of a successful e-business is the ability to fulfill customer demand profitably by delivering high quality, customized products, in the shortest possible time and at the lowest cost. By using the Internet to collaborate across your extended network of trading partners, you deliver maximum value to your customer:- what they want, when they want it, and where they want it.