vely stimulates productivity. Required structural transformations for e-business will probably have many social consequences additionally; since while it is creating new business opportunities as well as new positions, it also removes some conventional businesses and jobs. E-commerce vs. E-businessE-business and e-commerce, despite their interchangeably daily usage, have different meanings. E-commerce, whether business-to-business or business to consumers, entails an electronic transaction whereas e-business covers the whole value chain from inputs, all processes, to outputs. Thus e-business suggests structural transformations in all processes as well as in the organization itself. Having a corporate homepage and an online storefront is a grand commencement but are not adequate to explain the all e-business phenemenon. A proper e-business is the business that makes use of the Internet and software applications to progress to more efficient, more cost effective and flexible operations. E-business is not an IT project, it is certainly related with all the operations in a firm. Opportunities and BenefitsAs discussed in e-revolution article of European Commission, e-business suggests several opportunities to businesses and corresponding benefits to customers. Coverage of computer networks re-defines the borders of businesses. E-business makes possible even for the smallest firms to acquire a global presence. Consequently customers have a global choice, not considering of their physical locality at all. Enhanced competitiveness and consequently improved quality of service for customers are the predictable result of the global presence. Abandoning the concept of mass production and shifting towards individuation is not something new but e-business certainly constitute an appropriate platform for mass customization since it enables to gather detailed information on the needs of each individual customer and automatically tailor products an...
