Business To Business Portals

Business to Business: B2B


The New International Webster's Pocket Business Dictionary of the English Language defines the expression business as "an enterprise established to provide a product or service in the hope of earning a profit" (Webster's Dictionary, 1998, p. 26). Thus, in order to reap maximum benefits in the form of not only huge profits but by constantly augmenting the clientele, astute business owners are always on the look out for better opportunities to attract buyers, consumers, distributors and suppliers alike. For the same reason, technological advancement in the form of automation and provision of efficient and fast-paced facilities to the customers as well as to ...

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both appears and functions today. All events particularly in the corporate world are of immense significance. This is because these events determine the success or failure of the existing as well as the companies in the process of making. April 14, 1999 compelled the worldwide media to make headlines like "B2B Portals: The Internet Gold Rush Hits Corporate America" (Round Zero, April 14, 1999 Event, 1998- 2003). Thus, the entire business community that is strongly knitted and is spread globally remembers the event of April 14, 1999 as a highly positive corporate episode. On this day, the American corporate world rejoiced the invention as well as the inception of business to business portals, the most recent form of business automation that hit the American soil and proposed innumerable opportunities rapidly. Considering this event, the research paper will throw light on business to business environment and will look into how the technological success of business to business ...

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businesses all over the world are restructuring their companies with the advent of B2B portals. This is not only because of the cutthroat competition that is compelling businesses to co-operate with other businesses and to radically become a part of Internet buying and selling. B2B portals offer a lot more to business to business environment. With the help of B2B portals, "the common themes of shared purpose, economies of scale, market focus, are leveraged by the Internet strengths of scale and reach and low cost communications" (B2B Portals). In addition to the above, with increasing use of business to business portals, even the vertical markets have started benefiting from this ...

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Business To Business Portals. (2015, October 31). Retrieved September 19, 2018, from http://www.essayworld.com/essays/Business-To-Business-Portals/105141
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"Business To Business Portals." Essayworld.com. October 31, 2015. Accessed September 19, 2018. http://www.essayworld.com/essays/Business-To-Business-Portals/105141.
"Business To Business Portals." Essayworld.com. October 31, 2015. Accessed September 19, 2018. http://www.essayworld.com/essays/Business-To-Business-Portals/105141.
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PAPER DETAILS
Added: 10/31/2015 05:40:34 AM
Category: Business
Type: Premium Paper
Words: 1576
Pages: 6

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