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By focusing our attention on a very narrow and "low-impact"
aspect of the overall Internet phenomenon; business-to-consumer e-Commerce
(B2C), the "glitter" that has accompanied the growth of the
Internet economy has obscured the inherent potential of e-Business for
many companies.
There's no question, the Internet does represent a new and exciting sales
channel for business. However, the media has centered too much on start-up
dot coms - pure-play B2C Internet companies consisting of too much hype
and very little substance. This resulted in a cynicism towards the potential
benefits of e-Business. It has led many organizations and entrepreneurs
to believe that the Internet is a passing fad or that their products do
not lend themselves to the Internet. This is unfortunate because, the
overwhelming majority (80-90 percent) of the benefits available to organizations
are in the areas of business-to-business relationships and internal business
processes.
The media (to date) have missed the point with respect to the potential
of the Internet for business.
Make no mistake - increased profits can be realized through e-Business
implementation, however, the most effective way to accomplish this is
by becoming more efficient and connecting to suppliers and customers.
The fact of the matter is that every business, of every size, in every
sector can benefit by implementing e-Business solutions. An important
first step to achieving this, however, is to look past the hype surrounding
this issue and approach e-Business just as you would approach any other
business challenge.
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