The “e” in e-business stands for electronic network —the application of electronic network technology to relevant business processes to improve or change those processes. The “e” in e-business means the replacement of paper-based, human-agent based or telephone-based personal transaction with transactions over electronic networks. The networks could be proprietary networks, like EDI, or electronic fund transfer networks between companies, or Lotus Notes, or the internal networks embedded in ERP, or they could be the Internet or its cousins like extranets or intranets. |