CT Essay

Structured report

Introduction to e-Business

(www.collegegrabber.com) E-Business is the practice of maximizing the use of the internet and digital technology to streamline your business practices and functionality.  Much of what constitutes E-Business is tools used for internal business functions.  It works to craft effective business solutions with a combination of Business Software Systems and Internet Technologies.  Software has revolutionized customer relation methodology, inventory control and marketing.  There is a Business Side and a Technical Side to E-Business.

At its best, an E-Business design will provide technology to facilitate Effective Business Analysis.  Systems in place should enable smooth integration of New Corporate Investment Opportunities through Application Solutions.   For marketing and customer service purposes, E-Business dynamics generate internal and external communications via Internet technologies and Enterprise Messaging Architecture.   Finally, the E-Business model should Reduce Transaction Costs and Improve Productivity through process redesign and inventory control.

Because it is a concept rather than an industry, the only way to analyze career opportunities in E-Business is by looking at the Consulting Firms that implement it.

Statistics for careers in E business

(www.excite.com) E business is an appropriate profession for those individuals with an outlook on the futuristic approach towards business. E business blurs geographical boundaries so anyone with an international perspective should find it an interesting profession to go for. It is also one of the fastest growing professions in the world making more and more students wanting to specialize in E business. In fact, adoption of technology in the job market is making room for more and more jobs for individuals who are trained in the electronic diaphragm of business. An 18 percent annual growth has been reported in different companies adopting electronic means of operating which is a good sign. It can be highly lucrative if you have substantial work experience at hand and can get you up to $45,000 a year.

Major sectors for careers in E business

E business has an ever increasing job market in the private and public sector. Some of these sectors are:

·         E-government and E governance

·         E-education

·         E-marketing and services

·         Telecommunications

The government sector now largely depends on online sources for reaching out to the public and is a good space for someone with the know-how of electronic communication. The same is the case with education. But the biggest job market for an expert in E business is marketing, which is a diverse field to explore.

Educational programs that prepare you for careers in E business

E business is widely offered as a part of business studies at bachelor’s and master’s degree levels. Both can help you get jobs that hone your abilities in the field and help further development. A myriad of online courses on E business and distant learning programs offered by universities can help you understand it better if you already have an interest in the discipline. A Master’s degree in E business is a more appropriate choice for anyone who wants to take no chances and start off with a good position. A Master’s degree in E business also gives you a specialization which can also streamline your choice to a specific area you want to work in.

Top jobs for careers in E business

E business offers a wider perspective on business management. Once you enter the field, you always look for the areas where you can avail the education. Online marketing seems to be the most appealing area for those with a specialization in E business because of its availability of options to choose from – e-trade and customer relations are some of its interesting features.

Specializations available to those who seek a career in E business

E business is a large canvas to choose from. E business is the future of business which increases its potential of consistently coming up with innovative, more interesting sectors to be explored. Some of the specializations available in E business include cyber strategic planning, specializations can be specific to the customer-related field or it can be related to different sectors like the government or public sector and the private sector. For each specialization, the student has to do extensive research on technology beyond its usual use.

(www.londoninternational.ac.uk)  As e-business permeates throughout organizations, relevant skills and knowledge are essential to those working in marketing, logistics, recruitment, sales and production, as well as roles more directly related to management of IT. For example, I Cell’s Key Reader lets people borrow digital books from public libraries, buy eBooks and access publications available on the Internet. A business such as this requires executives not only to understand technical issues, but also to develop appropriate financial models and strike deals with suppliers, advertisers and customers.

The introduction of e-business into established companies requires executives to manage organizational and cultural change.  “Large, old, multinational manufacturing companies, such as some automotive manufacturers, have had problems as their engineering culture clashed with the customer focus of e-business. Although these companies are now using e-business successfully, the cost in terms of wasted resources was considerable.”

Managing new technologies (and related business issues) are covered in the Management and innovation of e-business course offered as part of the LSE-led BSc Information Systems and Management. The course takes an holistic approach to the subject, from evaluating e-business proposals, developing business models, looking at how companies can use social networks, to finding out about new ways of working, for example ‘virtual organizations'.

E-business is a fast-moving field and courses need to be up-to-date and not focus solely on specific skills and issues relevant to previous decades.

The right course will provide a foundation for your career and give you an understanding of concepts that will be relevant to businesses over the long term, such as financial and managerial issues, and not only focus on ephemeral issues which may no longer be relevant by the time you graduate.

You should consider whether the course helps you develop critical and analytical skills. Not every e-business venture will be successful and managers need to be able to foresee problems and evaluate risk.

A good degree will also help develop transferable skills that employers value such as problem-solving, thinking creatively, assimilating new ideas, self-discipline and drive. ­­