Understanding the concept of E-Commerce
E-Commerce involves three inter related themes.
1) technology
2) business
3) Society
Technology includes internet, computer, modem, internet service provider, websites, web servers, networks, client person.
Business- While technology provides infrastructure, business application provides potential prospects of Return on Investment. The technology has provided new ways for organizing productions and doing transactions, the basic concept like knowledge of electronic markets, business models, industry of value market, consumer behavior in the E-market should be understood.
Society- The primary societal issues like intellectual property, individual privacy and the public policy should be understood.
TYPES OF E-COMMERCE
E-Commerce I is a first phase in E-Commerce and started in 1990. Some of the companies were first movers who came online. Some of the companies were totally based online. Those companies who were first movers succeeded and rest failed. Most of the companies failed because they don't had internet connection and there was less awareness and reluctant customers.
E-Commerce I was a technology driven and was a period of expensive growth that began in 1995 and was ended in 2000. The vision of E-Commerce I was universal communication and computing environment that provides excess to cheap inexpensive computers and world wide universe of knowledge.
E-Commerce II was started at 2001. There was a crash in the stock market value for the E-commerce I companies in 2002. in 2001, E-commerce II involved with the business prospective in which new features and ideas were incorporated. The concept of I st movers were replaced by fast followers i.e. most of the traditional firms opened up their online ventures to promote their business.
In case of E-commerce I the I st movers were Etoys.com, Furniture.com..
Comments
well done! ;)