Murthy is pushing into such higher value technology services as e-business consulting, design and implementation.
Fourth, build e-business models that include plans for using technology to attract new customers and markets.
Don't overlook one of the greatest advantages of e-business: It allows a company to plan ahead.
Who would have guessed it: e-business has made chemical companies and metal bashers look exciting.
And just as countries will move into e-business hyper-growth at different times, so too will whole industries.
Knowing that you need a coherent e-business strategy is one thing, getting one is altogether more difficult.
David Lee, e-business manager in 3M's automotive aftermarket division, saw Kathryn's story, and thought he could help, too.
In Asia, e-business is even more preponderant than in America and it is likely to stay that way.
Second, don't be lulled into believing that e-business alone is a substitute for the rules of good project management.
The Oracle E-Business Suite currently works with clients running Mac OS 9.0.4 with Macintosh Runtime for Java (MRJ) 2.2.3.
Every new technology wave comes with its own catchphrase: distributed computing, client-server, e-business.
E-Town, they say, will be a model not only of e-business but also of e-government, e-community, e-knowledge, and e-parks.
One unit, curiously called Chaos to Order, went after e- business from ad agencies as others pursued similar opportunities elsewhere.
"Cyberterrorism is real, and it's very hard to pinpoint the perpetrators, " says Emily Freeman, an e-business specialist at Marsh Inc.
The index was founded at the University of Michigan and gets support from ForeSee for its e-commerce and e-business rankings.
Gartner's report says the key point is that a company always expect, prepare for and embrace change -- e-business or not.
During the 1990s, there was a boom in corporate technology spending as companies upgraded their computing infrastructures to compete in e-business.
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Doing e-business means a greater number of customers, partners and suppliers, and even government regulators need unparalleled access to corporations' computer systems.
At Oracle, Ray served senior product management roles in the E-Business Suite.
FORBES: I cover enterprise strategy and disruptive technology
Amidst all the doom and gloom that has permeated the markets, the e-business concern has come up with some good news: higher-than-expected earnings.
Other postponed IT programs include customer relationship management (25 percent), sales-force automation (22 percent), business-to-business e-commerce (18 percent) and business-to-consumer e-commerce (15 percent).
Customer relationship management was cited as the most important focus for firms, followed by e-business, sales-force automation, enterprise resource planning and applications management.
"China is very, very serious about becoming e-commerce-oriented in a few years, " says Cindy Cheung, general manager for IBM's Greater China e-business solutions group.
The most recent iteration of the big-ticket package, Oracle's E-Business Suite, is a set of business applications designed to work with a single database.
Besides acquisitions, he will triple Nortel's e-business sales force to 3, 000 in the next year to attack Cisco's turf: the world's largest 2, 000 companies.
Uncertainty aside, today's e-business imperative waits on no protocol, and your efforts to enable e-business will soon stall without a good security and directory infrastructure.
Mike Pope, director of the e-business solution program for Intel, agrees.
Jack Buffington, director of e-business at Orion Auto in Englewood, Colo.
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