With the astonishing growth of the Internet, many Essays

With the astonishing growth of the Internet, many companies are finding new and exciting ways to expand upon their business opportunities. There are very few successful companies that do not use computers in their everyday business activities, which also means there are few companies that do not use e-commerce. To emphasize the point that the effect of the Internet is so widespread in today's business communities, one online article stated that more than 100000 companies have Internet addresses, and 20000 companies have home pages on the Internet as of February 1999 ( DataQuest , 1999). These numbers have more than tripled since 1995, and the trend shows no signs of slowing. But what exactly is e-commerce? To most casual Internet surfers, e-commerce means online shopping and workaholics pointing their web browser to Amazon.com to order an emergency present because they forgot someone's birthday again (Weiss, 1999). As we will soon find out, this is far from the case. Simply put, e-commerce is the exchange of business information between two or more organizations. An example of this would be buying and selling products or services over the Internet. E-commerce became very popular, soon after it proved to be an efficient means to conduct long distance transactions. The purpose of this report is to discuss some of the advantages and disadvantages e-commerce, as well as examining its potential for the future of business. Electronic commerce, or e-commerce has developed very rapidly in the last few years and has left some people wondering what it is all about. "Most people think e-commerce is just about buying and selling things over the Internet," said Wareham (Wareham, 2000). E-commerce is a broad term describing the electronic exchange of business data between two or more organizations computers. Some examples might be the electronic filing of your income tax return, on-line services like Prodigy, and on-line billing for services or products receive d. E-commerce also includes buying and selling any item over the Internet, electronic fund transfer, smart cards, and all other methods of conducting business over digital networks. The primary technological goal of e-commerce is to integrate businesses, government agencies, and contractors into a single community with the ability to communicate with one another across any computer platform (Edwards, 1998).