E-commerce Needs In Business World

                                     

In the interest of full disclosure, let me reveal that I own a small business providing everything from concept to graphic design, UX, development and promotion of eCommerce websites. I'll do my best to answer your question honestly, but I can't promise that I have no bias that will creep into this answer. That said, I'll try to be as objective as I can.

Obviously, e-business is a huge segment of the total world economy today, touching virtually all sectors of Government, financial markets, B2B and B2C commerce. It allows engineering and development teams to work from home or their most convenient location, and collaborate with team members scattered all over a nation or even the world.

       

E-business is the very backbone of the stock, bond, foreign exchange, derivatives and other financial markers today. The move from paper and teletype to Internet connectivity has enabled a massive increase in the rapidity of trading turns, and the profits these trades yield.

E-business has made globalization possible, with all the benefits to emerging economies and harm to already established trading partners that has entailed. Is that good? Yes, if you're poor and in a third world nation where your low wage rates suddenly assure you a job and a regular paycheck. Not so much if you're a worker in a developed nation who can not longer support your family because while you need $15 an hour to just keep your family afloat, there are people elsewhere willing to do the same job for $0.56 per hour and they are glad to have that. We could use e-business to smooth over that transition. Instead, greedy corporate masters have elected to use it to deliver massive income increases to the wealthy investors and top executives of corporations riding the outsourcing wave.

Finally, we come to my part of the equation. There are just a scant few businesses today that do not have a website to bring customers to them, or to actually conduct e-commerce needs in business world sales directly over the Internet. But in this seemingly egalitarian market, giant players like Google, Amazon and eBay have emerged and are using their massive reach and deep pockets to crush more and more small businesses.