Electronic Commerce

Electronic Commerce has been defined by the different point of views which are given below:

1.     From a business process perspective

Electric Commerce is the app1ication of technology towards the automation of business transactions and workflows.

2.     From a Communications Perspective

It is the delivery of information, products services or payments via telephone lines, computer networks, or any other means.

3.     From an online Perspective

E. Commerce provides the capability of buying and selling products and information on the Internet and other online services.

4.     From a Service Perspective

It is a tool that addresses the desire of firms, consumers and management to reduce service costs while improving the equality of goods and increasing the speed of service delivery.

Electronic commerce has opened a new Universe for consumer and organization, and it demands new management approaches. If exploited cleverly, electronic commerce has the potential to increase corporate profits through better costumer acquisition and retention, new information-based products and services and more efficient operations.

However, companies must reconsider their strategy, products and business processes in order to develop a cohesive management approach.

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Comments 7 comments

Lady_E profile image

Lady_E 7 years ago from London, UK

Very useful to have. Paypal have also now made it very easy to accept payments online. Thanks. :)


i imi profile image

i imi 7 years ago Author

thanks for sharing


kbennett51770 profile image

kbennett51770 7 years ago

Thanks for visiting my Hub! I like your articles they are very well put together and informative :)


Rubes profile image

Rubes 7 years ago from Somwhere up high

Great article. What type of management approaches do you think would work?


i imi profile image

i imi 7 years ago Author

Lady_E

kbennett51770

Rubes

Thanks for your words to all


Waren E profile image

Waren E 7 years ago from HAS LEFT THE BUILDING............

Nice article!


prasadjain profile image

prasadjain 6 years ago from Tumkur

Yes, what you have told about e-commerce is true.

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