E-business and e-commerce are commonly used to describe business ventures and activities that make use of computing and telecommunication technologies, especially those related to the use of the Internet. However, despite widespread use of these terms, there are no generally accepted definitions of them. This paper reviews contemporary definitions of e-business and e-commerce and examines problems of these definitions. A new valuecentric approach is proposed to redefine e-business and ecommerce. Examples of e-business and e-commerce organizations are provided to illustrate this new approach. Implications of the new approach to practitioners and potential research opportunities based on the new approach are discussed.
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