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Utilization of information and communication technologies in support of all the activities of business is called Electronic business. Commerce constitutes the exchange of products and services between businesses, groups and individuals and can be seen as one of the essential activities of any business. To enable the external activities and relationships of the business with individuals, groups and other businesses electronic commerce focuses on the use of ICT.
Practically, e-business is more than just e-commerce. While e-commerce is a subset of an overall e-business strategy, e-business refers to more strategic focus with an emphasis on the functions that occur using electronic capabilities. Using the World Wide Web or the Internet to build and enhance relationships with clients and partners and to improve efficiency using the Empty Vessel strategy, e-commerce seeks to add revenue streams. Often, the application of knowledge management systems is involved in e-commerce.
Business processes spanning the entire value chain i.e. electronic purchasing and supply chain management, processing orders electronically, handling customer service, and cooperating with business partners are involved in e-business. To facilitate the exchange of data between companies, special technical standards for e-business are applied. The integration of intra and inter firm business processes are allowed by e-business software solutions. Using the Web, the Internet, intranets, extranets, or some combination of these, e-business can be conducted.
The process of buying, transferring, or exchanging products, services, and/or information via computer networks including the internet is basically electronic commerce (EC). Many perspective i.e. business process, service, learning, collaborative, community can also be useful for EC.
Organizations have to decide which e-business models best suit their goals when they go online. The organization of product, service and information flows, and the source of revenues and benefits for suppliers and customers are what define a business model. The concept of e-business model is the same but used in the online presence. The following is a list of the currently most adopted e-business models where the virtual community is the most important model among these models and where in order to pursue mutual interests or goals, a virtual community is a social network of individuals who interact through specific media, potentially crossing geographical and political boundaries. Social networking services, which consist of various online communities is one of the most pervasive types of virtual community.
The book of the title term virtual community by Howard Rheingold is how the term virtual community is appeared, the book was published in 1993. The book, discussed his adventures on The WELL and onward into a range of computer-mediated communication and social groups, broadening it to information science, which could make the book a social enquiry, putting the research in the social sciences. Usenet, MUDs (Multi-User Dungeon) and their derivatives MUSHes and MOOs, Internet Relay Chat (IRC), chat rooms and electronic mailing lists are among the included technologies. The potential benefits for personal psychological well-being were pointed out by Rheingold, as well as for society at large, of belonging to such a group.
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