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"With the advent of globalisation, it has become increasingly necessary for businesses to look into the global market as far as customers, suppliers and employees are concerned. A web-based connected business community will help your company move in the right direction"
Connected Business Community
A Connected Business Community (CBC) is basically a multi-functional electronic network connecting parties with common interests. The emergence of CBC stems from the belief that an electronic community exists for the purposes of transactions, common interest and communication. When the belief was transposed into the practical framework for business intentions in the world of the Digital Economy, the result is the benefits arising from the Convergence Phenomenon of Information Technology, Telecommunications and Content. In summary, a CBC can bring the following benefits to your company:
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It facilitates daily business transactions |
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It creates the potential to increase revenue with a wider reach |
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It improves the interaction speed and accuracy among staff, business partners and customers |
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It maintains information consistency between departments through a centralized data system |
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It allows closer monitoring of business |
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It cultivates closer relation with customers | |
instantOfficeTM as a CBC Platform
While acknowledging the need to implement a CBC, your company has to consider the most suitable approach for the implementation.
Let's look at an example. A company is in the business of wholesaling canned food products. Its customers are mainly hypermarkets, supermarkets, and other retail establishments while its suppliers are the food manufacturers. The company intends to set up a CBC to facilitate communication and transactions with its business partners. It may decide to add value by offering itself as a "central source of products" in which it has to be effective as a search engine and a resource center for all related information in its industry.
In order to initiate the CBC on its own, the company needs a very high initial capital expenditure to acquire hardware and software for the system. It also requires a big pool of technical and marketing resources. It may also encounter difficulty in convincing its business partners to participate because of differing entry points of technology. The learning curve is expected to be slow and the company faces high risks with long pay back periods.
instantOfficeTM is then created to overcome all those difficulties to ensure a smooth implementation of a CBC.
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Overview
