What is the use of digital technology and the Internet for executing business processes called?

The use of digital technology and the Internet for executing business processes is referred to as e-business. This term encompasses a broad range of activities that include not only buying and selling goods online but also the entire spectrum of business processes. E-business integrates various business functions such as supply chain management, customer relationship management, and enterprise resource planning, all facilitated through digital platforms.

E-commerce, while closely related, specifically focuses on the transaction aspect of buying and selling online. E-business, on the other hand, captures a wider array of online business activities, including those that do not necessarily involve direct transactions, such as online collaborations and marketing strategies. This comprehensive approach is important for businesses looking to enhance efficiency and reach in a digital environment.

Enterprise applications refer more specifically to software solutions that address the needs of an organization as a whole, dealing with tasks like accounting, human resources, and other functions, rather than the broader concept of e-business. Management Information Systems (MIS) pertain to systems that provide management with tools for organizing, evaluating, and analyzing data, which support decision-making but do not encapsulate the totality of business processes in a digital context.

Understanding e-business is crucial as it signifies a transformed way of conducting business in the digital age, emphasizing