By: Bryon O

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E-Commerce An Overview

• By Bryon ONeal
• http//www.angelfire.com/hiphop3/headsmuzik

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What is E-Commerce?

• Electronic commerce is the most recent step in
  the evolution of business transactions. It
  replaces (or augments) the swapping of money or
  goods with the exchange of information from
  computer to computer.
• Nowadays we don't have to show up at the market,
  and we don't even need physical goods or currency
  to conduct business.

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Examples of E-Commerce

• Electronic commerce, or e-commerce, is a very
  broad term. E-commerce conducted between
  businesses differs from that carried out between
  a business and its consumers. For
  business-to-consumer e-commerce, the Web has
  become the dominant pipeline.
• Electronic data interchange (EDI) is a format for
  exchanging business information over private
  networks. It was created to automate and speed
  the exchange of information between companies
  that regularly did business together.

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Pros Cons of E-Commerce

• E-commerce is attractive because it reduces the
  cost of doing business. (Sending a few bytes of
  data over a network is cheaper, faster and more
  convenient than sending a messenger or even
  making a phone call.)
• The primary concern is security.
• But with so many organizations excited about the
  benefits of e-commerce, plenty of people are
  working on resolving the security issues.

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Distinctions Among Commerce Systems

• Electronic commerce systems are separated into
  token and notational systems.
• In token currency the strings of bits transferred
  in a transaction are themselves legitimately
  valuable.
• In a notational currency system the information
  transferred is an instruction to change notations
  in a ledger, such as a banks records. In
  notational currency the value is held in the
  records, not the instruction.

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Information available to various parties in a checking transaction Information available to various parties in a checking transaction Information available to various parties in a checking transaction Information available to various parties in a checking transaction Information available to various parties in a checking transaction Information available to various parties in a checking transaction Information available to various parties in a checking transaction
Party Seller Buyer Date Amount Item  
Seller Full Full Full Full Full
Buyer Full Full Full Full Full
Law enforcement with warrant Full Full Full Full None
Bank Full Full Full Full None
Observer Full Full Full Full Full
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How E-Commerce plays a role for Small Businesses!?

• Small companies account for a surprising
  one-third of U.S. exports.
• The internet has played a major role in helping
  these companies develop an increasingly powerful
  international presence.
• Global E-Commerce Strategies for Small Businesses
  describes the export opportunities e-commerce
  holds for small to medium-size enterprises (SMEs)
  all over the world.

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What is a Small Business?

• The definition of small company varies from
  country to country.
• In the U.S., small companies are defined as
  having fewer than 100 employees.
• One of todays most common misconceptions is that
  large corporations are more important players
  than small businesses.
• Small companies tend to focus on one product or
  service for the local market.

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Classification of Business Size in the three Major Economic Regions Classification of Business Size in the three Major Economic Regions Classification of Business Size in the three Major Economic Regions Classification of Business Size in the three Major Economic Regions Classification of Business Size in the three Major Economic Regions Classification of Business Size in the three Major Economic Regions

Employees United States Europe Japan
0-9 Micro Micro Micro
10--19 Micro Small Micro
20-49 Micro Small SME
50-99 Small Medium SME
100-249 Medium Medium Large
250-499 Medium Large Large
500 and up Large Large Large
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References

• http//www.cio.com/archive/enterprise/061599_curve
  .html
• Da Costa, Eduardo. Global E-Commerce Strategies
  for Small Business. The MIT Press, Cambridge,
  Massachusetts 2001.
• Camp, L. Jean. Trust and Risk in Internet
  Commerce. The MIT Press, Cambridge,
  Massachusetts 2000.