E Business

There is no doubt that technology – including computers, personal electronic devices, business software and the internet – has made it easier to conduct business.

Known as electronic or e-business, it is a means of using technology to improve existing business processes. Managing business to business, business to consumer, government to consumer or government to business all can be made easier through the use of electronic tools.

E-business tools can be used for everything from conducting business online, to electronic retailing and website marketing. It also can be used to provide training to staff members in various aspects of business operations.

Common tools used in e-business are smart phones, personal digital assistants, fax machines, video conferences and electronic data interchanges.

Education Required

There are a number of technical and business skills required to conduct e-business. These are skills which are taught with varying intensity at several degree levels.

Associate degree programs will provide students with a working knowledge of e-business and the tools used to conduct it. Among the skills taught include understanding and navigating the web, and programming tools and databases. Basic business courses also will be included, such as accounting, business software and the principles of management and marketing. It will take roughly two years to complete an associate degree program.

Bachelor degree programs in e-business will take four years to complete and will build on the basics learned in an associate degree program. They also will include concentrated studies in business modeling and management concepts. Considerable time will be spent exploring effective leadership and interpersonal skills required for taking e-business tools and helping employees to incorporate them into daily use.

Master degree programs in e-business focus on preparing students for the enterprise process involved in applying their skills to a real-life situation. In addition to building on the skills of programming, database technology and software engineering, master degree candidates also may be expected to apply the skills they have learned to a class project wherein they are required to prepare enterprise solutions for real clients.

Future Outlook

Job growth for those trained in the implementation of e-business tools and technology is expected to skyrocket over the next decade, according to data provided by the U.S. Bureau of Labor Statistics. With more companies conducting global business without ever leaving their offices – and companies selling products and services directly from websites designed to aid in this task – those who are familiar with e-business will be attractive to a variety of business and industry.

The average annual salary for professionals working in e-business varies, but generally starts at between $50,000 and $70,000.

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