Modern-day technological advancements have simplified the way global companies and individuals conduct their businesses. Many types of businesses involve the exchange of services and products between two or more individuals or companies. In the past, business was cumbersome to conduct. A lot of time and finances were wasted as companies tried to cut deals with other companies around the world. A very simple transaction of forwarding a cheque for onward clearance and payment could take up to two weeks to be considered successful. However, the development and utilization of tools for information and communication have changed the way business is conducted. Individuals and companies are now able to sell products and services, market themselves globally, and serve a worldwide customer base simply by using the internet to conduct business. The internet is being used by major conglomerates and small companies to conduct business. In Australia, 90% of small businesses are connected to the internet and conduct their business online (eBusiness, 2008). By definition, electronic business (eBusiness) denotes the utilization of the World Wide Web and the internet to perform business both in the local scene and abroad. Whereas eCommerce involves the exchange of goods and services, eBusiness is broader in that, it involves other business activities that include research, marketing, communications, collaboration, and support services. The information and communication tools used in eBusiness enable individuals and companies to connect their domestic and foreign data processing programs more flexibly and efficiently. They are able to conduct business more easily with their partners and suppliers and gratify the requests and expectations of their clients (eBusiness, 2008). Major companies around the world have embraced eBusiness as their preferred mode of conducting business and interacting with suppliers, partners, and clients. One of the companies that have invested heavily in eBusiness is Cisco. From its humble beginnings, Cisco has established an empire in e-partnerships, which has continued to provide it with a firm foundation for its accomplishments in eBusiness. Below I attempt to identify and discuss the key initiatives taken by companies, including Cisco, to transform themselves into global networked eBusinesses. Key initiatives towards transformation into global networked eBusinesses The cut-throat competition experienced in the world today has left companies with no options other than to use information and communication strategies to remain afloat in the turbulent business environment. Those that fail to invest in technology are finding it exceedingly difficult to conduct business. Cisco has been a major developer of information and communication tools that have been of crucial importance in transforming companies into global networked eBusinesses. It actually functions within an outsized arrangement of partnerships that has served to improve its technology exchange, shared sales and marketing, product development, solution development, and development of novel markets. It has collaborated with big companies, including, Intel, Oracle, Motorola, IBM,