E-commerce
As use of the Internet has grown by leaps and bounds, it is clear that electronic commerce will proliferate rapidly in the years ahead. The number of Internet domains in the United States is more than 1.3 million. Most major companies now have Web sites, if only to market themselves, and many others are exploiting intranets to improve internal operations. As many as 163 million personal computers worldwide will have access to the Internet by the year 2000. As television and telephony migrate onto the Internet, wireless communication explodes, and countless other new applications attract users, one of the biggest challenges is understanding the economic and social logic driving ...
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adds value to conventional marketplace transactions, making the Internet a preferred venue for business? Will markets of the future be substantially more efficient, to the extent of being "friction-free?" Or will a new regime of dominant players arise to eliminate competitors and create "winner-take-all" marketplaces?
As electronic commerce spreads internationally, an equally profound issue is the fate of national sovereignty. Economic globalization, particularly of capital markets, is altering the traditional prerogatives of nation-states to control what can take place within their territorial borders. National governments are facing growing challenges not only in managing the terms of international trade and finance, but in collecting taxes, controlling the domestic money supply, and addressing domestic social and cultural needs. The Internet and other electronic technologies are playing an important role in this transformation.
For six years, the Aspen Institute's Communications ...
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can be seen as just another vehicle for buying and selling. Yet they are, of course, much more. They are a tool for reinventing business-to-business relationships. They constitute a medium for building richer linkages with customers. Within organizations, electronic technologies are stimulating changes in productivity, management practices, and corporate culture. Externally, by linking intranets to the Internet, organizations are beginning to integrate their internal operations more closely with their vendors, partners, and customers.
"The promises [of electronic commerce] are pretty heady," said Karen White, senior vice president of worldwide marketing and business development at Oracle ...
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E-commerce. (2005, June 20). Retrieved April 19, 2024, from http://www.essayworld.com/essays/E-commerce/28764
"E-commerce." Essayworld.com. Essayworld.com, 20 Jun. 2005. Web. 19 Apr. 2024. <http://www.essayworld.com/essays/E-commerce/28764>
"E-commerce." Essayworld.com. June 20, 2005. Accessed April 19, 2024. http://www.essayworld.com/essays/E-commerce/28764.
"E-commerce." Essayworld.com. June 20, 2005. Accessed April 19, 2024. http://www.essayworld.com/essays/E-commerce/28764.
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