THE IMPORTANCE OF E-BUSINESS IN THE WORLD AND IN THE NATIONAL ECONOMY

Student master studija, Fakultet poslovne ekonomije Bijeljina, Bijeljina, Republika Srpska, Bosna i Hecegovina
Bosnia and Herzegovina

Student master studija, Fakultet poslovne ekonomije Bijeljina, Bijeljina, Republika Srpska, Bosna i Hercegovina
Bosnia and Herzegovina


Abstract

E-business enables the transmission of a large number of information over long distances in a short period of time. Internet technologies have led to significant changes in the company's business, and today they are applied in numerous branches of economy and within all business functions. In this way, companies realize significant savings in operating costs, perform their tasks more efficiently and become more competitive in the market. Participants in the business operation are governed by the general rules, but the business technology changes. Computers, used for easy and smooth realisation of growing, nember of business transactions, replaced paper, pens and stamp. The one who wants to be successful at the local level must also meet the criteria of global competitiveness,because the new knowledge-based economy does not know the geographical barriers or the boundary. Switching to e-business is a big challenge for every country, and so for Bosnia and Herzegovina. In order to introduce e-business in our country, it is necessary to adopt a proper legal legislation and conduct a public awarness camping on the benefits of using e-business.

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