Definition of E-Business Enterprise

by Shea Laverty; Updated September 26, 2017
a young caucasian man sits working at his computer and on the phone in his home office

The Internet revolutionized just about every facet of modern living, from entertainment to communication. Similarly, e-business changed the way companies operate and interact with consumers and clients.

Definition

An e-business is a company operating via the Internet. This business can have off-line counterparts, or be a stand-alone enterprise consisting entirely of Internet operations.

Origin of the Term

The term "e-business" was popularized by IBM in 1997 when they launched an advertising campaign based entirely around the concept.

Capabilities

E-businesses can fill a number of roles, from the buying and selling of goods to providing various services. In addition, e-businesses can also provide customer service and support for real-world firms, and collaborate with business partners.

E-Commerce

E-commerce is usually considered synonymous with e-business, but more specifically refers to the sale of goods online, whereas e-business is considered an all-inclusive term referring to the business' Internet presence.

Famous E-Businesses

While many companies have an e-business component, some enterprises are well-known for operating almost exclusively on the Internet. Popular examples include eBay, Google and iTunes.

Photo Credits

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