The “Electronic Signatures in Global and National Commerce” Act and eCommerce The “Electronic Signatures in Global and National Commerce” Act went into effect October 1, 2000. This act will have a profound impact on online business by establishing the legal validity of electronic contracts between legal or commercial entities. The new level of enforceability the act gives to online transactions extends from retail purchases to Business-to-Business to almost any contract two parties would like
Words: 2168 - Pages: 9
Executive Summary (Situational Analysis) What constitutes business success? Is it your skills in terms of product innovation, your ability to deliver in terms of products and services demanded by your customers? Yes, these are what constitute business success. However, what happens if you have the best products, the best initiatives in terms of what customers want but you are not known? How then can you say you have a successful business? The solution to this is an e-payment system (this is a way
Words: 2637 - Pages: 11
Global strategy of LG Electronics as a leading Korean company Tomikazu Hiraga Senior research Fellow NLI Research Institute Economic recovery in advanced countries including Japan is still sluggish, although corporate financial performance has been recovering gradually. And companies whose business activities in emerging countries experiencing an economic boom account for a larger proportion tend to show better financial performance. Leading Korean companies have a larger presence in the world market
Words: 2404 - Pages: 10
chairman Byung-Chull Lee started a business in Taegu, Korea and focused on trade export, selling dried Korean fish, vegetables, and fruit to Manchuria and Beijing. In little more than a decade, Samsung which means "three stars" in Korean would have its own flour mills and confectionery machines, its own manufacturing and sales operations. In 1969, Samsung-Sanyo Electronics established which renamed Samsung Electro-Mechanics in March 1975 and merged with Samsung Electronics in March 1977). In the 1970s
Words: 1608 - Pages: 7
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
Words: 409 - Pages: 2
Business Studies E-Commerce For first teaching from September 2009 For first award in Summer 2011 GCSE E -Commerce At the end of this unit students should be able to: Explain what is meant by e-commerce and e-business; Analyse the advantages of e-commerce for customers and businesses; Analyse the disadvantages of e-commerce for customers and businesses; and Discuss how e-commerce supports international business. Setting the scene: Amazon.com was founded in Seattle, Washington by Jeff
Words: 1947 - Pages: 8
Growth of E-Retailing in India By: Shifa Hashmi MBA – 1 Year Tapmi School of Business, Jaipur Abstract Consumer’s perception regarding shopping has been changed with the introduction of Internet media. Retail industry has witnessed major revolution in the changing technology oriented business scenario of 21st century in India. Internet has shrunk the entire World. The rules of the game in retailing are fast changing with the introduction of Information Technology
Words: 960 - Pages: 4
Where the organization is today and how it got there??? On March 1, 1938, a business started by Byung-Chull Lee, focused primarily on trade export, selling dried Korean fish, vegetables, and fruit to Manchuria and Beijing. A little more than a decade, the business owned flour mills and confectionery machines, its own manufacturing and sales operations, and ultimately named Samsung—which means "three stars" in Korean. In 1970, Samsung-Sanyo captured the hearts of the people, by producing Black-and-white
Words: 852 - Pages: 4
1.0 Introduction of LG Electronics Inc. LG Electronics Inc. is a South Korea multinational electronics company which is also known as the global leader and technology innovator in consumer electronics. The LG Company was a merger of two Korean companies, Lucky and Goldstar, from which the “LG” abbreviation was derived. (Mariush,2012) The company’s headquarter is located in Yeouido-dong, Seoul and the flagship subsidiary of the LG Group. LG has a global sales of KRW (Korean Won) 54.26 trillion which
Words: 3058 - Pages: 13
(Turban, 2012). They are as mentioned below: • Presence and Discovery, which includes finding information, comparing and analyzing it. It has Electronic Markets, Storefronts, malls, Portals, E-catalogs, Search Engines, Shopping Carts, Directories, E-maps as a few of its mechanisms. • Trading, Buying, Selling and Exchanging whole means and mechanisms are Electronic markets, E-catalogs, Search Engines, Shopping Carts, Directories, E-maps, E-auctions, Web 2.0 Tools and Social Network Services. • Communicating
Words: 425 - Pages: 2
