ABSTRACT

Mr Stephen Tam

Director

Computer And Technologies Holdings Limited

e-Business Best Practices

Corporations are facing increasing competition to bring products to market as quickly as possible. In order to reduce inventory and to improve the bottom line, companies are reengineering their business processes to improve production cycle time, inventory turns, and responsiveness to customer demands. Here comes electronic commerce - a totally new way to reduce business constraints and improve operation efficiency.

It has taken 38 years to accumulate 50 million radio audience; 13 years to amount the same volume of television viewers but only 5 to attract the same number of users on the Internet. Web traffic doubles every 100 days. The "Web" is no longer a platform for fun and leisure. It is now a serious platform for business operation, in which, a turn-over in excess of US$100 billion is predicted at the end of year 2001.

For those seeking the benefits of electronic commerce, the Internet represents enormous opportunities as well as new challenges. Like any other good business practices, e-Business requires an understanding of different types of business models, their strength and weakness, so that successful business development over the net can be sustained.

In this paper, the author focus on common practices that are relevant to the world of e-Business, particularly, how technological innovation facilitates transformation of one's business from a traditional model to one that is boundless in space and time.

[ speaker ]

[ abstract ]