Characteristics of effective business communication PPT

E-business networks are beneficial to consumers and businesses.

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An e-business network is one that allows businesses to communicate via electronic means, but the term is most often used to denote business networks that use the Internet to conduct e-commerce and related activities. E-business networks allow businesses to communicate with each other and transmit information quickly and efficiently at cheaper costs than using a traditional electronic data interchange, resulting in lower prices for consumers while also facilitating collaborations between companies. This leads to innovative new products, knowledge exchange and reduced time-to-market.

E-business Network

E-business networks vary in their setups and topologies, but generally are Internet-based networks that allow many businesses to access repositories of data and information, such as a shared database or a trade board with many listed suppliers. An e-business network allows its members to communicate with each other via electronic media, primarily using the Internet. Businesses typically use e-business networks to facilitate and support their supply chains, conduct e-commerce, trade, pay taxes and obtain and disseminate information. E-business networks allow users to share knowledge bases, data and files, and often have groupware and collaborative elements.

Barriers

E-business networks powered by the Internet leverage existing Web technologies and are therefore cheaper to implement than traditional electronic data interchanges, or EDIs, that big corporations used to require their partners to use in order to join their supply and distribution chains. This has lowered or eliminated the barriers to trade that small businesses once faced, which has opened trade and supply markets to greater competition. E-business networks are now often used alongside EDIs, allowing small businesses to access trade opportunities that were previously closed to them.

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Prices

E-business networks leverage the Internet, so they have opened the door to global competition. As suppliers from cheaper markets compete with local suppliers, the competition tends to push prices down. This results in lower prices for consumers and can have stimulating effects on the wider economy. Greater competition often forces companies to innovate in order to succeed, which also creates improved products and more convenient services for customers while keeping prices down.

Collaboration

Businesses can use e-business networks to share data, knowledge and pricing information. This allows them to collaborate on projects as well as reduce their research and development budgets and other resource costs, as they can eliminate redundancies and inefficiencies in their processes while honing their core competencies. Consumers benefit from faster technological advances and lower prices. This is especially true in the information technology and aviation industries, where products are usually the result of collaborative efforts.