E-Commerce Analysis and Consultation

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Executive Summary

In this report I will look into the benefits and risk of e-commerce, the types of legislation that have been introduced to protect the consumer and business alike. At the end of this report I plan to give my recommendation as whether I believe you should venture into e-business and set up your own online business. I will try and remain un-bias and give my opinion whilst give a fair account of the risks and benefits of e-business.

Introduction

For this report I have to assume the role of a consultant who specializes in internet security. I am a consultant and also a member of the (BSC) British Computer Society. I have been asked by the managing director of a medium sized chain of high street shops to give advice on the desirability of e-business and specifically report on on-line payments and personal data security.

The managing director is rather worried after hearing adverse reports that internet fraud is rife. I intend to rid him of this perception whilst doing my utmost to supply him with a rounded, unbiased approach to the benefits and risks of developing an e-Business. I also intend to outline the various different types and options of on-line payments systems and data security available. Once I make him aware of the various benefits and risks of e-Business, the different types of data and online payment methods available I intend to give my own recommendation with regards to the course of action I believe would best suit his company and would lead them to achieving the safest, best possible outcome.

Report

E-Business has now received world wide recognition as a business tool, which if utilized properly, enables companies to enhance their profitability, exploit potential new markets and provide consumers with a better quality service. The scale of its recognition is such that it in 2005 according to Business Communications Company Inc. (bccreserach.com) its total revenues exceeded $3 trillion. It seems that more and more business has become aware of the opportunities available and are clambering for the opportunity to start their own e-businesses and get their share of this revenue.

E-bay a business I’m sure you are aware of is a prime example of a successful e-business. They are responsible for creating the world’s largest online market and are currently valued at $ and have a client base that exceeds 34million in Europe and 300 million worldwide, a figure that is ever increasing.