The Evolution of E- Business in America

An Analysis of the Evolution of the E-Business in America

Table of Contents

Introduction .3

Statement of the Issues /Problems .5

Hypothesis .5

Objectives .5

Methodology .6

Degree of Reliance of Statistical Data /Literature Search .6

A of the Research Design .7

Models Followed .8

Review of Literature .8

Discussion of Findings /Results .13

Brief History .14

The Nature of E-Business .15

Benefits of Ecommerce .19

Costs of Doing E-Business .23

A Forecast of

What 's Next in E-Business .25

Conclusion .25

References .26

Appendix

Appendix A .28

List of Figures

Diagram 1 . Determinants of the price of a product .9

Diagram 2 . The intersection of supply and demand as a determinant of price and quantity equilibrium .10

Diagram 3 . Behavior of two accused robbers .12

Diagram 4 . The role of e-business .15 Introduction

Economic transactions have taken a toll of revolutions and evolutions from the most historic barter deals to currency minting to bank-to-bank transactions , and finally , electronic business . Undeniably , the phenomenal effect of information technology to the lives of common man has caught the complexities of all branches of science and economics in a single matrix . Similarly , it has extinguished spatial boundaries in the business arena

Upon the advent of the accessibility of the internet or the World Wide Web to the public in 2004 , it has been deemed that e-commerce will shortly follow through . So thus soothsayers and journalists manifest into the world this forecast . Company websites and internet servers sprouted like wild mushrooms here and there , flooding the virtual world with what 's it 's ' people cannot usually find for themselves . A unique gadget which can be found nowhere at a shopping mall is now easy to find at Ebay or Amazon .com , or shopping for clothes can also be done via ing online , and sending emails or conversing with another entity half an earth away through instant messengers now became a common activity to the technologically savvy . A worldwide acknowledgment of this phenomenon has now slowly shifted every human paradigm there is This evolutionary way of business `anytime-anywhere scheme ' or transacting across the planet in only a matter of seconds has put leverage to the face of business vis-a-vis human technology E-business or e-commerce , also known as EC , has now penetrated all elements of life , particularly the world of commerce and economics

Today , e-business is now the most way of dealing with and between firms . In the fields of traveling , media , logistics telecommunication , and manufacturing , as identified by Horsti , Tolonen and Brannback (2003 ) in their study of five electronic business models it showed that operating a business backed by ecommerce and proper management of personnel skills and customer relationships is a critical success factor (CSF ) and always has a direct correlation to business success . This gives light to the logic as to why bankers and corporations alike have resorted to sending s and invoices via internet instead of sending messengers or bulky packages to each other and wait for days before the same...