1. INTRODUCTION The Internet is a very popular Information Technology means for exchange of information and transaction data between businesses and customers all around the world. For over three decades now, internet has become a prime business market area. The US Government had initially developed the internet for the purpose of research and education within the country. However, today this evolving technology has spurred drastically and has reached out to all the aspects of business and social circles of our daily lives. The intensified use of Information and Communications Technology has had a radical impact on the social circle of every person’s daily life. Organizations being made up of the masses have gotten affected by this technology-revolution. With the intensive growth of the Internet, it has gradually creeped up into the business orientated arena as well. A new electronic economy flux is underway which targets all the assorted trends with this new networking technology. It is deeply effecting how the business is managed and organized globally. E-commerce includes marketing and selling etc of products over the Internet. With the increase in use of credit cards and online payment services, this trend too has benefitted significant strength over the time. The concept of business over the Internet is popularly known as E-commerce. E-commerce today represents a mammoth 300 billion dollar industry (Lee). This intangible market-place serves as an excellent platform for businessmen to promote themselves and to gain new potential business. With the ever growing nature of the internet market-place, the business-grounds become literally limitless for the e-business men. But this is just one side of the picture, with the greatn... ... middle of paper ... ...3-12-22-shoppers_x.htm>. 8. Lee, Choong Y. "A New Marketing Strategy for E-Commerce." A New Marketing Strategy for E-Commerce. Pittsburg, June 2003. 9. Mardesich, Jodi. "The Web Is No Shopper's Paradise." 08 November 1999. www.CNNmoney.com. 04 March 2010 . 10. Telegraph, Peterborough Evening. "Seminar looks at e-security issues." 26 October 2006. Bnet. 03 March 2010 . 11. "Top 5 Problems With Ecommerce Websites." 12 September 2008. Articlesbase. 04 March 2010 . 12. Wilson, T. "Shippers repackaged as e-provides." Informationweek, 25 October 1999.
Senn, J. A. (2000). Electronic commerce: Beyond the “dot com” boom. National Tax Journal, 53(3), 373-383.
The Economist (1997a). "A Survey of Electronic Commerce." May 10; pages 1-18. Author unknown. Taken from above Kotha essay.
The Internet and international business is an interesting topic- discussing an area of business that will probably be around for many years and possibly centuries to come. Since its earliest days, the Internet has been a means of communication, an essential tool in almost instant communication.
In today's business world, many consumers prefer a company's presence & position on the internet. E-Business is a magical marketing tool for most companies. The term attracts attention and affects the fundamental tasks of a company's day-to-day operations. Companies have not confused the financial woes of various venture capitalists in the dot-com industry with the wide-range of possibilities offered via e-business. If positioned properly, a company could effectively influence the opportunities on e-business in a well-managed manner.
E-commerce dollar volume of business conducted over the Internet in 2000 and 2001 were reported to be 354.9 billion and $615.3 billion respectively, with these figures forecast to reach between $4,600 and $9,240 billion by 2005, depending on which analyst’s figures are used. Whether it’s the conservative or the optimistic, the growth projections of 747% to 1502% are indicative of the enormous opportunities for e-commerce and the business world of the future (Plante 13/11/03).
Technological development is impacting the business landscape by providing new ways and opportunities to conduct business. In the last decade e-commerce has especially created new possibilities to change ways of doing businesses or create new business models. In such a changing environment the role of the leader is becoming vital (Ada 2006).There is no doubt in importance of e-commerce in this new era .It became the necessity of organizations and even competitive advantage. In near future it will be difficult to survive without adoption of e-commerce.
The Electronic Commerce, or e-commerce industry, is one of the most conductive sectors of the economy. E- Commerce is an interesting combination of business models and new information technologies as it deals with the buying and selling of goods and services over the Internet. The three major electronic commerce categories are: business –to- consumers (B2C)
At the core of the development of an e-business strategy for any particular organization lays several issues that need to be spotted on by any person who intends to successfully develop either a B2C e-business model or a B2B e-business model. Due to the rapid development of technology and globalization in the 21st century, e-business has suddenly become an important means of conducting business transactions given the big difference in both businesses and consumers’ way of living prior and during the advent of technology.
6. Sharma Arun(2002) “Trends in Internet-based business-to-business marketing” , Industrial marketing Management 31, pages 77-84
As I am currently writing this article here, there is innumerous number of people across the globe who are getting newly exposed to the virtual big world of internet and are potential customers to various businesses all over. With the number of people, who in turn are also customers, having access to information about anything and everything these days, it is but important and urgent to take internet seriously and get it associated with business in order to reap profitable results.
E-commerce was not so much known about in the last few years. However, growth in technology has revolutionized it in modern times. The advent of World Wide Web (WWW) from the early 1990s has been one of the major forces behind the advancements in e-commerce. Governments and private sector are investing in e-commerce as one of the ways of surviving competition and increasing economic growth. E-commerce is currently facilitating transactions between businesses and consumers (B2C). On the other hand, it has also become vital in business to business trading (B2B).
E- Commmerce dates back three decades in 1979 when Michael Aldridge invented online shopping. Following t...
Business today is inextricably intertwined with technology, from the smallest home office, to a multinational corporation with multiple monolithic legacy application. It is impossible to be in business today without confronting the issues of technology. The way we do business today is different than 30 years ago. Technology has evolved around the areas of telecommunication, travel, stock market, shipping even around our daily lives. E-commerce a system by which people can buy, sell and deal without even seeing the person on the other side has taken a front seat in improving the economy of countries around the world. Technology today has made it possible for monetary institutions to help locate the customers resources and help solve their problems at any given time through online banking. The Internet, a boon to all business, is playing a part of a catalyst; it links millions of customers to its suppliers and vice versa due to this, manufactures are able to cut the role of middlemen and are able to deal with the customers, giving them the ability for direct input from the customers about their choices and views of their product. The busi...
In this write up the focus is mainly on e-business. It consists of critical discussion and analysis of the impact of adopting e-business orientation. It also contains relevant information on the current state of e-business market.
Now internet has become the biggest marketing tool in business trends. People can make purchases in online through credit cards anything from anywhere in the world, and that anyone can become a business owner for their online business.