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Tuesday, February 26, 2013

Business Advantage Through E-Commerce

BUSINESS ADVANTAGE THROUGH E-COMMERCE


E-commerce BRINGS THE UNIVERSAL ACCESS OF THE net profit to the core clientele processes of buying and selling goods and services. It helps generate penury for products and services and improves order management, payment and other other congest functions.
It is increasingly evident that IT is a key enabler for increasing productivity (Bharadwaj at el 1998). It is much more than an Internet-based phenomenon. Rather, E-commerce is a restructuring of the very(prenominal) basis for conducting business. Unlike so some other business developments in the past, E-commerce is not an probability for only the large or multinational firms. Rather, the smallest entrepreneurial organizations can establish and build their businesses some E-commerce. As they do so, geographic distance disappears as a business barrier, for the global reach of underlying communications technologies becomes an well accessible resource for all firms. The findings indicate that e-commerce benefits are, by and large, special(a) to improvements in intra- and interorganizational communications. More strategic benefits relating to market access, customer/provider linkages or cost savings were not found in the majority (more than 80%) of organizations surveyed.

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Electronic business today plays a major role in the worlds economic growth, thanks to the quick advance in information technology. The value of E-commerce in the unite States and Europe is increasing at a very unfluctuating pace & it is reaching many trillion. There have been many spectacular E-business successes, but there have also been legion(predicate) failures.
E- Commerce system capitalizing on a new opportunity to create a product, delivers a service, or get in touch with potential customers. The public, global Internet, and its principle application, the World dewy-eyed Web, provide a highly visible platform for electronic markets.
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