ECommerce Essay Research Paper Electronic CommerceElectronic commerce

E-Commerce Essay, Research Paper

Electronic Commerce

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Electronic commercialism, besides known as e-commerce, has developed quickly in the last few old ages. In this paper, I will speak about the advantages along with the disadvantages of e-commerce. E-commerce consists of many things. Peoples today are cognizant of the common phrase & # 8216 ; e-commerce & # 8217 ; , but there is a batch more to it so they are cognizant of. & # 8220 ; Most people think e-commerce is merely about purchasing and selling things over the Internet & # 8221 ; ( Wareham, 2000 ) . E-commerce is a wide term depicting the electronic exchange of concern informations between two or more organisations & # 8217 ; computing machines. E-commerce includes purchasing and selling any point over the Internet, electronic fund transportation, smart cards, and all other methods of carry oning concern over digital webs. & # 8220 ; The primary technological end of e-commerce is to incorporate concerns, authorities bureaus, and contractors into a individual community with the ability to pass on with one another across any computing machine platform & # 8221 ; ( Edwards, 1998 ) . Puting companies on the Internet to sell merchandises or to form any type of concern has many advantages and disadvantages.

With the speedy growing of the Internet, many companies are happening new and exciting ways to spread out their concern chances. To stress the point that the consequence of the Internet is so widely spread in today & # 8217 ; s concern communities, one online article I found stated that more than 100,000 companies have Internet references, and 20,000 companies have home pages on the Internet as of February 1999 ( DataQuest, 1999 ) . These Numberss have tripled since 1995, and this growing shows no marks of decelerating down.

To the mean web surfboarder, e-commerce agencies on-line shopping. Internet surfboarders go on the web buying anything from books to baseball tickets. E-commerce is the exchange of concern information between two or more organisations. An illustration of this would be purchasing and selling merchandises or services over the Internet.

The Internet was conceived in 1969 when the Department of Defense began funding the research of computing machine networking. In the mid 1980 & # 8217 ; s, the debut of the ATM card was the newest add-on to electronic commercialism. The Internet did non truly get down to go a manner of commercialism until the 1990 & # 8217 ; s. Before this clip, it was chiefly used in the Army. It grew popular when it proved to go a fast and efficient manner to do long distance minutess, every bit good as an effectual manner to administer information.

E-commerce will alter the face of concern forever. Companies that are 1000s of stat mis off can do concern minutess in a affair of seconds, and besides exchange information. As one online article explained:

Dell Computers sells more than $ 14 million worth of computing machine equipment a twenty-four hours from its web site. By taking their client service section to the web Federal Express began salvaging $ 10,000 a twenty-four hours. The Internet provides concerns with the chance to sell their merchandises to 1000000s of people, 24 hours a twenty-four hours ( Baxton, 1999 ) .

& # 8220 ; Without a uncertainty, the Internet is showing in an epoch of brushing alteration that will go forth no concern or industry untasted. In merely three old ages, the Net has gone from a resort area for swots into a huge communications and trading centre where some 90 million people swap information or do trades around the universe. Imagine: It took wireless more than 30 old ages to make 60 million people, and telecasting 15 old ages. Never has a engineering caught fire so fast. & # 8221 ; ( Edwards, 1998 )

The figure one advantage that e-commerce possesses is velocity. The Internet and World Wide Web give concerns a opportunity to interchange messages or complete minutess about outright. Even with the slowest connexions, making concern electronically is much faster than traditional ways. Increased velocities of communicating allow for more efficient bringing times. In add-on, you can happen practically any merchandise available for sale on the Internet, as one writer put it & # 8220 ; from books and compact discs ( from www.amazon.com ) to French staff of life ( available from www.sourdoughbread.com ) & # 8221 ; ( Buskin, 1998 ) . Even more of import is the fact that information looking on the Internet can be changed highly quickly. This gives concern proprietors the ability to inform clients of any alterations to the service that you are offering.

The 2nd advantage of the electronic commercialism is the chance it offers to salvage on costs. By utilizing the Internet, selling, distribution, forces, telephone, postage and printing costs, among many others, can be reduced. You can get down making concern on the Internet for every bit small as $ 100. Most concerns will pass more than this, but compared to the cost of opening a physical shop, the nest eggs are enormous. Think about all the things that are required for a physical shop: warehouse infinite, leasing infinite, money for the visual aspect for the shop, dismay systems, people to work the phones and maintain the topographic point clean

Another major advantage of e-commerce is that the Internet has no national boundaries. That means you can make concern all over the universe every bit easy as you can in your ain vicinity. Distance becomes meaningless, which makes you able to link to anyone on the Earth and anyone on the Earth can link to you. The ability to supply links on web pages makes making concern on the Internet attractive to clients.

Using the web to supply client support is an first-class manner to assist construct the dependability and effectivity of your merchandise or service. The ability to supply online replies to jobs through electronic mail or to supply an archive subdivision of often asked inquiries 24 hours a twenty-four hours, 365 yearss a twelvemonth, builds client assurance and keeping. This is highly helpful and it is a service that many of us have used at least one time. In fact, a whole series of IBM E-commerce commercials were based on this one individual point. The Internet tends to be a more personal environment. Peoples expect to acquire a existent pers

on when they send mail. Problems are solved faster and more thorough through the advantages of the Internet and e-commerce.

One of the chief concerns that people have with making concern over the Internet has to make with privateness and security. Anything sent over the Internet is sent through several different computing machines before it reaches its finish. A concern many have is that a hacker will capture recognition card information as it is transferred, or interrupt into computing machines that hold the same information. Here is an illustration of this type of state of affairs: My best friend at place ordered concert tickets online. Two hebdomads subsequently, the bulls showed up at her house because the recognition card company noticed some unusual disbursement forms. They so found out that the recognition card information was stolen and the web site was a fraud.

The chief concern that web sites have is doing a client feel safe. & # 8220 ; Even though no 1 can vouch 100 % security of reassigning fiscal information over the Internet, e-commerce is still safer than utilizing recognition cards at an existent shop or eating house, or paying for something with the usage of a 1-800 figure & # 8221 ; ( unknown writer, 1999 ) . Think about this: Every clip you throw off a recognition card reception, you make yourself vulnerable to fraud. What safeguards do e-commerce web sites take to avoid such jobs? The reply is encoding. Minutess can be encrypted utilizing Secure Sockets Layer ( SSL ) . This is an Internet linguistic communication that creates a unafraid connexion to the waiter, protecting the information as it travels over the Internet. SSL uses public cardinal encoding ( which we learned approximately in our text book ) , one of the strongest encoding methods about. A manner to state that a Web site is secured by SSL is when the reference comes up on the web site, it begins with https alternatively of hypertext transfer protocol. & # 8220 ; Obviously no e-commerce system can vouch 100-percent protection for your recognition card, but you are less likely to acquire your pocket picked on-line than in a existent shop & # 8221 ; ( Weiss, 1999 ) .

Puting up a simple web site can be cheap, but if you don & # 8217 ; t cognize how to travel make one, it may non be so simple. In add-on, if you do non cognize what you are making, your site will decidedly non be effectual.

Finally, a possible disadvantage to e-commerce is non holding a strong your concern be ready to do the committedness that major alterations may happen. A useable web site that is traveling to be successful will necessitate extra resources in engineering and accomplishments. New types of occupations will be offered. Many occupations that aren & # 8217 ; T needed will be omitted. Of class, many companies may non be willing to do this committedness. E-commerce is go oning at a really rapid rate and the concern proprietor must be willing to alter with it. Newer and more advanced engineering will be a batch. In add-on, the company must be willing to alter the full concern or get down a new one when they can see the demand for alteration. Yokel started as a commercial operation in 1995, with a simple list of Web sites to assist people voyage the Web. However, like the Web itself, Yahoo is altering fast. & # 8220 ; The one time astonishing ability to seek the full World Wide Web became outdated in a Net blink of an eye, so Yahoo, at the stamp age of two old ages, began reinventing itself as a topographic point to merchandise stocks, make travel reserves, and behavior commercialism & # 8221 ; ( Hof, 1998 ) .

& # 8220 ; Rest assured the hereafter of e-commerce is integral and of all time altering. Like electricity, antibiotics, or the auto, the Internet is a radical engineering & # 8221 ; ( France, 1999 ) . It is obvious that e-commerce is turning highly speedy. As one article stated, & # 8220 ; The growing of e-commerce will non decrease, it will go such a permeant influence on how a company works that all maps within an organisation will hold a interest in their e-commerce scheme & # 8221 ; ( Wareham, 2000 ) . With Internet traffic duplicating every 100 yearss, the digital economic system is alive and turning. The immense growing of practical communities is doing displacements in economic power from big corporations to smaller concerns. & # 8220 ; Virtual communities erode the selling and gross revenues advantages of big companies. A little company with a better merchandise and better client service can utilize these communities to dispute larger rivals & # 8211 ; something it likely could non make in the existent universe & # 8221 ; ( CommerceNet, 1999 ) . With many of the technological progresss in the banking, online trading and retail industries, e-commerce will shortly go the foundation of our life merely as wireless, telephone and telecasting have in the past. Technology has a topographic point in everyone & # 8217 ; s daily activities and shortly e-commerce will be a major factor in our determinations we make. Smaller companies have an equal opportunity to vie with big 1s with a batch more money. On the web, every concern is merely every bit large as the other. The lone thing dividing them is a web reference. An illustration of this would be the launch of Wal-Mart & # 8217 ; s new web site that is seeking to vie with Amazom.com. Amazon.com is a immense on the web compared to Wal-Mart. & # 8220 ; Their new concern venture allows Wal-Mart to travel outside its usual corporate domain for Web-savvy endowment geared for dot.com commercialism, such as applied scientists, coders and sellers. It besides provides them with the necessary tools and options, warrants and portions that is indispensable to pulling top endowment & # 8221 ; ( Veverka, 2000 ) . As I already have said, the Internet and e-commerce provide many chances for even the smallest concerns to vie with big corporations, on the same degree. With the steady growing of the Internet, and the fact that every twelvemonth more and more households are & # 8220 ; subscribing on & # 8221 ; and surfing the web, a large inquiry in the hereafter will be: can a company survive without the usage of the Internet and e-commerce? Probably, but non truly for long. The Internet and e-commerce are here to remain, so concerns either can alter with the times, or are left out in the dust. The pick is theirs to do. The Internet has changed the face of communications and how concern is conducted. To stay competitory, a concern must take advantage of this rapid growing.

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