|
According to a study done by the Center for Research in Electronic Commerce, e-commerce will become the industrial revolution of the 21th century. E-commerce will continue to grow with both small and big companies. There still is e-business that is untapped potential, according to Anitesh Barua, associate professor of information systems at the University of Washington. The bulk of the study focused on the positive impact the internet is having on businesses, big and small. It wasn't just about the selling something online, but about companies taking business processes onto the internet and steamlinling them and increasing profits. For example, large companies that implemented new internet technologies such as improved supply-chain processes saw improvements of 13 percent to 21 percent in financial performance measures. For multibillion dollar companies thats a huge saving that can improve the bottom line, as well as the economy as a whole. The internet can have an even larger impact on small businesses, which typically do not face the same infrastructure difficuties of larger firms. A small company that includes the internet in its busienss model can achieve greater market share and visibility and can reach new markets more effectively. According to a report by Jupiter Media Metrix, customers this holiday season are expected to shop more at online comsumers.this trend. More shoppers are also expected to buy clothes and shoes online this year, in addition other items such as books, CDs and computer gear are also to be purshased. This shows that consumers are becoming increasingly comfortable buying online. The move from storefront to online shopping cart maybe happening gradually, but these figures inducate that it is happening and should continue to do so in the future. Some of us will be customers who get a better price, product, or service experience thanks to a company's more steamlined and efficient internet-based process. This will become more noticeable as more services move to the internet. |
|
