The Application of Electronic Business in Transnational Operations of Small and Medium Enterprises

Compared with traditional business electronic business (e-business) has the advantages of globalization of markets, convenience, low cost and high efficiency. It has changed the business philosophy and modes of operation in traditional business, and the changes have a deeply significant effect on transnational business of small and medium enterprises (SMEs). Compared with large enterprises SMEs are at a disadvantage in strength in transnational operations, but the application of e-business brings new opportunities for SMEs. Therefore, SMEs should take full advantage of the opportunities e-business has brought and e-business´s functions of advertising, information and business in order to improve their own international competitiveness and operate internationally.