E-BUSINESS - A CONTEMPORARY REALISTIC FORM OF SUCCESSFUL BUSINESS

Ovidiu Turcu,Andreea Feraru

doi:10.29358/sceco.v0i18.213

Ovidiu Turcu, Andreea Feraru

Open Access

https://doi.org/10.29358/sceco.v0i18.213

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Abstract

Nowadays, businesses are founded on the law of excluded middle and have to make a choice between two paths: they can either choose to evolve and keep pace with the technological trends, or to stagnate and wither just like a flower without water does, and so they become useless – both ways can be probable in the current economic context. Together with the technological evolution of the world, a new type of business has emerged on the business market, namely electronic business. Numerous websites and companies which deal with online sales are present on the market. Whether they organise online auctions or offer access to information pages or databases in exchange for payment, electronic businesses represent a new manner of doing business, a domain which is currently expanding.

Highlights

The new economy is based on the improvements of the digital revolution and the management of information industry, which have a number of specific attributes: they can be differentiated, individualized and personalized incessantly, they can be transmitted to a large number of people who are connected to a network and they can be obtained rapidly
We cannot deny the fact that this evolution has a major impact on the economy with regard to: the creation of new business models, the diversification of existing ones, or the growth of the labour market’s potential and its occupancy rate in the future
For certain observers of the phenomenon, electronic commerce has the same contents as electronic business or e-Business and makes reference to any type of financial transaction which uses information technology

Summary

JEL Classification

The new economy ( called digital economy) is based on the improvements of the digital revolution and the management of information industry, which have a number of specific attributes: they can be differentiated, individualized and personalized incessantly, they can be transmitted to a large number of people who are connected to a network and they can be obtained rapidly. If these items of information become available to the public and are transparent, they can help people know a situation better and make better decisions.

Total in world

Website architecture and service demands

Virtual business

Findings

Conclusions