Rapid Rise of E-commerce in Modern Global Business Essay

Rapid Rise of E-commerce in Modern Global Business - Essay Example D. I have conducted a thorough research on this topic to bring out the significant impacts of e-commerce in the general global business environment as well as the challenges or limitations that have been associated with e-commerce. 1. Global business processes are usually characterized by various operational strategies. Some of these strategies entail the use of human resources, while some entail the application of business technology (Kopper & Ellis, 2011). It is apparent, taking into consideration the current business data that, that e-commerce is currently one of the highest technology applied in commercial activities 2. The corpus of e-commerce entails the process of undertaking business activities through enhanced computer networks especially the internet. Research indicates that e-commerce activities depend heavily on technologies such as Inventory Management Systems, online transactions, online marketing, data interchange through electronic processes et cetera (Cohan, 2010). I. With the integration of electronic technology into majority of Company’s operational procedures, e-commerce has been associated with effective and efficient technology, thus facilitating efficient business processes i.e. reduction of human errors usually associated with it (Laudon & Traver, 2012). II. In addition, economic experts have asserted that the essence of implementing e-commerce has been majorly driven by the fact that it entails reduced costs of operation: This occurs in the sense that it reduces costs associated with manual modes of operation specifically, inventory costs, employee management costs et cetera (Cohan, 2010). III. On the other hand, the application of e-commerce in most of current business activities has been ascribed to improved competitive advantage of most organizations; this is due to the fact that it creates a platform for easy