...from Alibaba.com: government’s role in electronic contracting Qin Hu Xun Wu and Clement K. Wang The authors Qin Hu is a Lawyer, Legal Counsel of China Merchants Sekou Industrial Zone Company Limited, Shenzhen, China. Xun Wu is based at the Wharton School, University of Pennsylvania, Philadelphia, Pennsylvania, USA. Clement K. Wang is Associate Director (Research), NUS Enterprise Centre, National University of Singapore, Singapore. Introduction Story of Alibaba.com The development of e-commerce has been nothing short of explosive in recent years. Many believe that its growth and impact will only become more prevailing in the future. The sale of goods by US firms over the Internet, for example, is predicted to reach $1.3 trillion by 2003. By 2004, European enterprises are expected to have online sales of $1.6 trillion[1]. Companies in China, with the largest population in the world, are also probing this new source of revenue. The China Internet Network Information Center (CNNIC) issued an Annual Report in Internet Development in January 2000 that estimates that there were 22.5 million Internet users in China at the end of 2000[2]. A recent nationwide survey showed that China had more than 1,100 consumer related e-commerce Web sites by the end of the first quarter in 2000 (People’s Daily, 2000). Four Web companies, Sina.com, Sohu.com, China.com, and Netease.com have already been listed on the NASDAQ. However, the country’s e-commerce market is still in its infancy. We will...
Words: 7693 - Pages: 31
...limitations that may hinder the development of these areas. This study aims at identifying the problems that are caused by ICT in the application of electronic commerce and electronic business in rural Nigeria. The paper will point out these limitations and give solutions to each, thereby ensuring a smooth development process. The following limitations were found: System scalability and available customers, fraud and identity theft, delivery time and uncertainty, trust and customer satisfaction. Key words: Electronic commerce, Electronic business Methodology: The method used in this research is Internet research and personal observation. Solutions To The limitations Of E-commerce And E-business According to Wikipedia: “Electronic commerce consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks. It is more than just buying and selling products online. It also includes the entire online process of developing, marketing, selling, delivering, servicing and paying for products and service”. Wikipedia also stated: “Electronic business may be defined as the application of information and communication technologies (ICT) in support of all the activities of a particular business” This type of business has many disadvantages that deprive people of its advantages especially those in the rural areas” E-commerce and E-business are very important ICT tools that can help businesses and organizations...
Words: 2345 - Pages: 10
...E-commerce in China Abstract E-commerce, namely electronic commerce, refers to an industry where people can conduct business through electronic systems. It uses the Internet as the main mode to provide service. The development of E-commerce is greatly concerned by people. The environment of E-commerce in China keeps improving. At the same time, more and more consumers accept online shopping. At present, China’s B2C E-commerce market is booming, the fierce competition between major online trading platforms activates the rapid development and increasingly sophisticated e-commerce market. However, according to its development status, there still exists some problems for the development of e-commerce in China. Some B2C e-commerce platforms also faced severe challenges in recent years. This paper analyzes the current plight of e-commerce development in China and provides some new ideas to address these problems. Then, it makes some suggestions to the prospects of e-commerce development in China. Key words: E-commerce problems solutions development prospects In the 21st century, the world has entered a new economy era, the development of information and Internet technology create a world where all the products and services can be traded in everywhere instantly. All the government departments, public service agencies, telecommunications companies, banks and other financial services institutions all types of businesses and hundreds of millions of individual users have...
Words: 967 - Pages: 4
...PROBLEMS FACED BY E-COMMERCE FIRMS IN INDIA Electronic commerce or ecommerce is a term for any type of business, or commercial transaction, that involves the transfer of information across the Internet. It covers a range of different types of businesses, from consumer based retail sites, through auction or music sites, to business exchanges trading goods and services between corporations. It is currently one of the most important aspects of the Internet to emerge. Ecommerce allows consumers to electronically exchange goods and services with no barriers of time or distance. Electronic commerce has expanded rapidly over the past five years and is predicted to continue at this rate, or even accelerate. In the near future the boundaries between "conventional" and "electronic" commerce will become increasingly blurred as more and more businesses move sections of their operations onto the Internet How does e-commerce work? Because there are hundreds of different products and services for consumers and the multitude of different ways these products and services can be delivered, e-commerce by its nature is varied in the way it works. In its most basic form e-commerce works as follows: Consumers choose a product or service on a website. Consumers pay electronically on the website (online credit card transactions) or using a third party payment provider such as PayPal The business owner or merchant receives the order and payment and the order is fulfilled (delivered by post...
Words: 2122 - Pages: 9
...INTRODUCTION E-commerce also is a short from electronic commerce. It is a process of communication transaction between the buyer and seller. It can be known as a type of business which process with electronically. Normally, most of the people will refer e-commerce as via from internet to selling product, but it also can be covers purchasing mechanisms via internet which is business to business and business to consumers. Electronic commerce is related to business transaction of goods and services conducted between 2 or more parties electronically mainly through open internet based system, for instant the parties can exchange information through internet rather than physical exchange. This type of communication through e-commerce can be known as email, internet, intranet, extranet and so on. In practice, this term and a newer term, e-business, are often used interchangeably. For online retail selling, the term e-tailing is sometimes used. For example, bought or sold anything on e-bay, purchased a book on Amazon, or made any other transaction online you have participated in e commerce. Electronic commerce that takes place between businesses is referred to as business-to-business or B2B. B2B can be open to all interested parties or limited to specific, pre-qualified participants such as private electronic market. Electronic commerce that takes place between businesses and consumers, on the other hand, is referred to as business-to-consumer or B2C. This is the type of electronic commerce conducted...
Words: 1834 - Pages: 8
...three factors that would cause a company to continue doing business in traditional ways and avoid electronic commerce. Three factors that would cause a company to continue doing business the traditional way could be the type of products a company is selling, cultural and legal hindrances, and also if a company places an emphasis on low value transactions. The products a company sells can be a determining factor in their avoidance of the use of electronic commerce. For example, if a company was selling perishable foods or unbranded clothing, their customer base would want to examine the products before they buy to determine the quality of the item they are purchasing. Also if a company sells used or unbranded products it would be difficult for them to really sell significantly over the internet. Cultural and legal difficulties can cause a problem as well because many consumers are not at ease or comfortable with spending their information over the Internet to different businesses. Plus, the legal aspect is unclear when it comes to electronic commerce. If a company’s sales are primarily low value transactions then it would make no sense for them to switch into an electronic commerce business model because the cost of shipping would be prohibitive to its customers. RQ3. Choose one major difference between the first wave and the second wave of electronic commerce. Write a paragraph that describes this difference to a person who is not familiar with either business...
Words: 409 - Pages: 2
...Working of EDI 1. Preparation of electronic documents The first step in the sequence of EDI is the collection of information and data. The way to collect the required information should be same as the way to do it in the traditional system. However, instead of printing out the data on paper in tradition, the system has to build an electronic file or database to store those data. In the case of companies who already use computer to issue their documents like purchase orders, they may already have some sort of databases which store those information, then they fan start with the next step described below. 2. Outbound translation The next step is to translate the electronic file or database in to a standard format according to the specification of the corresponding document. The resulting data file should contain a series of structured transactions related to the purchase order for example. If more than one company is involved in the particular transaction, individual files should be produced for each of them. 3. Communication Then the computer should connect and transmit those data files to the pre arranged Value Added Network [VAN} automatically. The VAN should then process each file and route the appropriate electronic mailboxes according to the destination set in the file. 4. Inbound translation The designated company should be able to retrieve the file from their electronic mailboxes in a constant period, and then reverse the process by translating the file...
Words: 2269 - Pages: 10
...STAMFORD UNIVERSITY OF BANGLADESH * ASSIGNMENT 0N E-COMMERCE IN BANGLADESH * SUBMITED TO: MJF RUPOM * SUBMITED BY: MD SAHAJALAL (MAHADI) * ID NO:BBA 04814818 * BATCH: 48(A) In the emerging global economy, e-commerce and e-business have increasingly become a necessary component of business strategy and a strong catalyst for economic development. The integration of information and communications technology (ICT) in business has revolutionized relationships within organizations and those between and among organizations and individuals. Specifically, the use of ICT in business has enhanced productivity, encouraged greater customer participation, and enabled mass customization, besides reducing costs. However, this is premised on strong political will and good governance, as well as on a responsible and supportive private sector within an effective policy framework. This primer seeks to provide policy guidelines toward this end. E-BUSINESS E-business is the use of the Internet and IT to execute all of the business processes for the firm. E-business includes e-commerce, all internal processes, and coordination with business partners such as customers and suppliers’-business refers to the use of digital technology and the internet to execute the major business processes in the enterprise. It includes the activities for the internal management of the firm and for coordination...
Words: 1278 - Pages: 6
...Electronic Commerce Decisions The decision to take up electronic commerce should be a strategic one, which is informed by the broad objectives of the firm. Whether or not electronic commerce will build value, reduce costs, or simply result in an extra layer of IT infrastructure that requires on-going support, are still issues for debate. Haag, S., & Cummings, M. (2008, pg. 227), in their case study of America Online (AOL) imply that AOL is "inching" toward becoming an Internet bank. In this posting, I discuss the recommendations I would make to AOL management, and the advice I would make to them, on the processes and outcomes they should expect from implementing the recommendations. Furthermore, recommendations on whether to follow the B2B or B2C model would be made for a small office supply company, with a small budget for IT, whose customers are local businesses, but does have a big need to be able to manage materials, delivery schedules, and build customer loyalty. The critical factors that would come into play in making this decision will also be discussed, as supported by documentary evidence and research. E-commerce processes According to Duffy, G., & Dale, B. G. (2002), it is not easy to find a generally accepted definition of Electronic commerce (e-commerce). Haag, S., & Cummings, M. (2008), state that e-commerce is commerce accelerated and enhanced by Information technology (IT), in particular the internet, enabling customers, consumers, and companies...
Words: 2582 - Pages: 11
...SUBJECT DESCRIPTION FORM Subject title: Advanced and Research Topics in E-Commerce Subject code: COMP6823 Credit value: 3 Responsible staff and department: Raymond Lee (COMP), Henry Chan (COMP), James Liu (COMP) Pre-requisite: (Subject title and code no, if any) Nil Recommended background knowledge: Knowledge in E-Commerce at the undergraduate level Mutual exclusions: Nil Learning approach: Staff will hold regular meetings with student. Student will survey research papers, discuss on research problems, conduct analysis, and give oral/written reports. The student has to submit at least one written report, which may be a survey, or a critical analysis of existing research results. Examination may be written or oral (in the presence of external members). Assessment: Continuous Assessment Examination Objectives: • • • To equip student with appropriate research background and state-of-the-art knowledge in the area of research: E-Commerce. To train up student with ability to analyze and give critics to research papers. To allow student to learn skill to consolidate and produce technical research report. 45% 55% Keyword syllabus: State-of-the-art research topics and issues, including, but not restricted to, some of the following: • Agent-based e-commerce systems • E-Business models • B2B E-Commerce • Collaborative commerce • Data mining in E-Commerce • Electronic auctions • Electronic payment systems • E-Servicing • E-Procurement systems • E-SCM (Supply Chain...
Words: 303 - Pages: 2
...of e-commerce categories. Some are known as Application service providers, associations, b2b Markets, Consulting Services, Electronic Data Interchange, Mobile Commerce, Payment Solutions, Software, and Web Store Solutions. The Application service provider is a business based on computers, which provides services to customers through a network. B2B Markets are basically products being sold to other sellers to then be sold again. This means the product is sold at cost prices then sold to gain money for the business buying then selling this product. These are just some examples of e-commerce categories. The electronic payment systems are systems in which you transfer and use money through networks. Some types of electronic payment systems are credit cards, Internet payment, Mobile payment through the cell phone, and personal payment through online accounts. The differences between these types of electronic payments are the destination the money is coming and going from. They all have to do with electronic money, but differ in how the electronic money is used. The type used most often, in my opinion, would be the credit card. The credit card is used world wide regularly. The internet technologies helps business-to-business e-commerce by making it much easier to work with other businesses money. They can transfer quickly and easily to other accounts without having to be anywhere specific, they do not have to be at the other business to work with their e-commerce, and the...
Words: 270 - Pages: 2
...Abstract In China, the development of e-market has unique characteristics in the transactional processes and market mechanisms, which relate largely to the current industry structure, financial infrastructure and organization structure. This paper seeks to develop a conceptual model of B2B e-market value creation strategy, and can also be used to highlight the complexity of such activities for Chinese B2B e-markets. A process-oriented approach to modelling the value of e-market, rather than strategic position theory or a simple descriptive approach, is found to be more suitable and has been selected. The model consists of two dimensions: the e-commerce process and the controlling complexity. We apply the model in an actual Chinese B2B e-market (Alibaba.com). The crucial value creation activities and strategies in the four phases of e-commerce process are identified, and the controlling complexity of these activities is evaluated in the model. The model offers an effective approach to study the dynamic structure of transactional processes and bring into light the special issues of e-market development in China. Managers can resort to the model to offer more value to their customers by designing an effective...
Words: 6040 - Pages: 25
...the Cyber law by any section is. But Cyber laws are contained in the Information and Communication Technology Act, 2006. Therefore this Act provide the legal infrastructure for e-commerce others legal solution relating with cyber crime in Bangladesh. The said Act enable (a) Legal recognition of electronic transaction, (b) Legal recognition of digital signature, (c) Acceptance to con- tract expressed by electronic means, (d) e-commerce and electronic form, (f) publication of official gazette in the electronic form, (g) prevention of computer crime, forged electronic records, international alteration of electronic records fraud, forgery or falsification in e-commerce and electronic transaction, (h) and others solutions of the crime relation with information Communication Technology. Objectives of the ICT Act, 2006 The objectives of the ICT Act, 2006 has been provided following purposes such as To smooth the progress of electronic filing of documents with government agencies and statutory corporations and to promote efficient delivery of government services by means of reliable electronic records. To help to establish uniformity of rules, regulations and standards regarding the authentication and integrity of electronic records. To facilitate electronic commerce, eliminate barriers to electronic commerce resulting from uncertainties over...
Words: 695 - Pages: 3
...to renovate and conduct an evaluation on the club and their employees. After the evaluation of the club there were three business problem found. Club IT, is an innovative business with a booming nightclub in the downtown bay area with a slogan that reads “We treat our customers like our best friend.” Ruben Keys and Lisa Tejada; mission is to renovate their club to provide better customer service and a night fill with dancing, laughter, and enjoyment. Ruben and Lisa have already upgraded their Information System to help their staff accommodate the clubs patron. Upon completion of the evaluation there were three business problems found that Club IT needs to improve. First problem Club IT needs a web-site to promote and sell the clubs Friday and Saturday night concerts, second the club needs to streamline their ordering process, and the last business problem is Club IT needs to take advantage of the various e-commerce activities. Also most of Club IT customers are net generation or millennial. Millennial generation is stands for generation Y and Net generation is consider to be 80 million people in the United States between the age of eight and 29 who has been expose to more technological advances than any other generation. Most people cannot function in life without his or hers pagers, cell phone, computer, or personal electronics entertainment (Tyler2, para4). Club IT has multiple business resources. According to resource (2010) “strategy is the key direction...
Words: 945 - Pages: 4
...Club IT, Part Two BIS/219 June 28, 2010 Kevin Woodson Club IT, Part Two Club IT is a growing business that is turning a profit. Like any other business, there are several areas that need to be improved. Recommendations for those improvements will be made in this paper. There are three business problems that Club IT can improve. The first of these is that Club IT needs a website set up to sell tickets to the special Friday and Saturday night concerts. The second is that Club IT needs to streamline their ordering process. The last business problem that was identified is that they need to take advantage of various e-commerce activities. After evaluating Club IT some facts are know. Most of Club IT’s patrons are net generation or millennials. “The millennial generation, also known as Generation Y and the Net Generation, consists of 80 million people in the United States between ages 8 and 29. They have been exposed to more technological advances than any previous generation. Most do not remember life without pagers, cell phones, computers or personal electronic entertainment” (Tyler, 2008, para. 4). Club IT has several business resources. According to (2010), “Strategy is the direction and scope of an organization over the long-term: which achieves advantage for the organization through its configuration of resources within a challenging environment, to meet the needs of markets and to fulfill stakeholder expectations" (Strategy - resources of a business...
Words: 1035 - Pages: 5