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Before proceeding to examine the e-business-related issues faced by SFE, it is essential to first define the term ‘e-business’ as there are numerous different definitions that incorrectly limit this term to the use of the Internet to conduct business, ignoring other mechanisms in which transactions can be electronically exchanged between parties. E-business, throughout this report, “encapsulates the concepts of not just buying and selling of products but also servicing customers and collaborating with business partners, and conducting electronic transactions” via computer networks, which include telephone networks and the Internet. ...
Extending on system flexibility, most systems utilised at SFE were not flexible to enable a new product to be introduced easily or a new functionality to be added following changes in business requirements. ... MAINTAINING VIABILITY
The viability of SFE’s business relies on the continuous interest of both the local and overseas investors in the products offered, as well as the quality, reliability and diversity of other trading and clearing/settlement-related services, offered by SFE. ...
E. CONCLUSION
Judging from the flavour of issues that have arisen out of the adoption of a e-business strategy within SFE, it is imperative that substantial effort is dedicated by the organisation to thoroughly analyse the viability of an e-business solution and its impacts on not only its profitability, but all parties that the organisation is dependent upon in order to sustain its competitiveness and
Approximate Word count = 2282
Approximate Pages = 9.1
(250 words per page double spaced)
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