Impact of eCommerce in Today's Business World

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Recommended: Comparing and contrasting online with traditional shopping

In beginning this essay, I would like to state that E-commerce and stock trading has drastically affected the lives of many Americans and non-Americans worldwide. There are several effects from this technology and new system of buying and selling. I believe that one effect is the current shift and demand for different workers. This is important, as it will reshape the definition of work for the average American as well as workers worldwide. Second, this change of business practices will fundamentally change our views of how business is to be conducted and change consumer attitudes. Finally, I believe that a final effect of this system would be the introduction of deviance and corruption.

Until recently, many business transactions were completed in the following manner using the following technologies: In person, over the phone, by e-mail. It has been just in years that people have had the ability to complete buying and selling transactions from the their workplace, home, car or even high up in the rocky mountains with just a few clicks of a button. The technology has made it very easy to accomplish what could have been a very time consuming, energy inefficient and possibly maddening experience to get business done. One very significant aspect of this efficiency has been the way stock market trading has become very popular. Traditionally, if a person was to invest their money on Wall Street, they had to call their Stock Broker and send them the money before the stocks could be purchased. As we all know the sweeping changes that take place at any particular time on the stock market can change drastically, often times changing the value of a stock from one minute to the next. Many a fortune has been lost due to stocks not being...

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... the workplace. Or maybe it can result in more family time, or the pursuit of one’s hobbies and creative interests. It can save energy by not having to drive from mall to mall looking for the best prices. I can even say that I am not immune to the effects of on-line buying. By using a message post forum, I was able to locate a specific and rare car. The car was in Las Vegas. By using E-mail we were able to correspond for free. After a month of negotiation and detail clarification, the car arrived at my front door. This would not have been possible had it not been for on-line selling and buying.

Works Cited

Suzette Brooks and Ted Ruthizer Pg 18, USA Today, September 2014,

Joshua Hyatt Pg 87, INC, October 2014,

"Impact of eCommerce in Today’s Business World" Web 24 Apr. 2015.

http://www.synaxiom.com/impact-of-ecommerce-in-todays-business-world/

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