E Commerce And Its Growth Over The Years Uit Essay

3644 words - 15 pages

Question 1
E-commerce has grown in stature since the dawn of the 21st century with more and more e-commerce ventures lining up to provide the consumers with their needs through digital medium. E-commerce follows strict laws that ensure that certain ethical standards are followed by the companies because these ethical considerations lead to a successful development of the business policy. It has been studied that there are different ethical considerations in aspect to the data protection of consumers that are needed to be incorporated within the business policy of e-commerce (Turban, Lee and Turban, 2009).
The data protection is one of the most important part of the law that the companies need to pay heed to if they aim to successfully develop ways to achieve their business objectives. A new business’ main focus when building the policy should be on integrating the data protection aspects within it. If the business model aims to collect data from the visitors of the website then it is important that the Data Protection Act is followed to handle the legal compliance of the data (Laudon and Traver, 2016). Based on the view of Antoniou and Batten (2011), it is important that the information of the customers are not given out to parties beyond those involved as the privacy of the customers is a highly important matter in the data protection element of the policy.
The formulation of the business policy should be based on the legal and accounting responsibilities of the business along with other crucial regulations that are needed to be followed. The different factors that can strengthen any business policy includes the handling of the private data of the customers, the protection of customer privacy and collecting relevant taxes that are needed to be included in the business policy of the e-commerce business (Gupta, Iyer and Weisskirch, 2010). According to Tsai (2011), the online privacy and data protection is a major concern for a large number of online shoppers. As a result, the effectiveness of the business policy is dependent on how well it explains to the customers about the antics of data protection. It was further established that the e-commerce websites have to work towards making sure that detailed protection is carried out of the personal information of the customers that is collected. Furthermore, it should be collected in compliance of the federal and state privacy laws.
Despite the implementation of data protection measures, customers are often not convinced by the measures that are adapted by the e-commerce organisations to protect the data and personal information. The business policy of the website is imperative in bridging the gap of the misunderstanding as it was established that a successful business policy would give out ample details on the information of the customers that will be collected and stored and the tactics that will be deployed for the using of the information without surpassing any legal barriers (Martin and...

Find Another Essay On E-Commerce and its growth over the years - UIT - Essay


743 words - 3 pages much known about in the last few years. However, growth in technology has revolutionized it in modern times. The advent of World Wide Web (WWW) from the early 1990s has been one of the major forces behind the advancements in e-commerce. Governments and private sector are investing in e-commerce as one of the ways of surviving competition and increasing economic growth. E-commerce is currently facilitating transactions between businesses and

E-commerce and its role in developing countries

3104 words - 12 pages 1999 to 270,000 and was estimated to rise to over 2 million by end of 2000. In China, 60% of the businesses are using e-commerce .But, E-commerce is still in its infancy in the developing countries. It is due to internal constraints that the development of e-commerce has been slow. Reasons for a slow development are :Information Technology infrastructureDeveloping countries are far behind developed countries in terms of information technology

E-commerce growth in New Zealand

2024 words - 8 pages companies the tools to respond to rapidly changing business environment as well as driving growth of electronic commerce. E-commerce brings many business opportunities. It also reduces risks.2.1 E-commerceWhat does E-commerce mean? It means on-line trading, buying and selling goods and services over electronic networks (Mike Cunningham, 2002).There are some very big changes going on in the way the world does business. These changes are

Business Model And Its Functionalities in E-commerce

3117 words - 12 pages , providing search and comparison tools against different manufacturers of the same or similar products in terms of pricing and specifications.Another interesting approach will be the ability to offer gift certificate over their web site, to enable overseas customers to purchase them as gift either for their corporate clients or friends, also adding this as a diversification in its payment options. The use of mobile e-commerce or mobile e-business

E commerce and its impact on business to business organisations supply chain

2951 words - 12 pages the tough conditions of competition, symbiotic relationships between companies are essential. E-commerce developments have helped in forming these relationships and have forced companies to completely rethink their supply chain management systems.EDI requires that the business AND its suppliers and partners work together in setting up a link between their various sites so as to communicate information quickly. EDI often occurred over private

ECommerce - Levi Strauss: key reasons for the failure of its B2C site, consider and explain how the company might have utilised its existing B2B e-commerce to expand successfully to B2C

2211 words - 9 pages (Kirsner, 2000).In addition to all this, at the time Levi's launched its B2C web site, ecommerce had not reached critical mass. Although there were 62 million people on the Internet (Intelliquest, Feb 1998), that's only 2.4% of the worldwide adult population. And only 30% of those were making online purchases (White Paper, Building an E-commerce Network).4.0 Utilising Business to Business (B2B) To Expand Successfully To Business to Consumer (B2C

Essay on E-commerce

2200 words - 9 pages introduction of radio and television came the first mass-market advertising. Now, the Internet has so radically changed business that the rules for corporate strategy that held for the last 50 years (since the dawn of television) have begun to fall apart.There are some elements of commerce that are necessary for any transactions to take place, which should be available for regular bricks-and-mortar commerce as well as for e-commerce. First

Electronic Commerce (E-Commerce) and the Global Economy

1212 words - 5 pages driven economy in the last 20 years. Organizations are able to create efficient services and products, resulting in competitive markets, leading to specialization of products and concluding in higher profits and enhanced service. Moreover, the growth of E-commerce obliterates the ‘production focused economy’ of the industrial age and extends the information age to new heights through business services offered using the internet. http

E-commerce and the Global Market

1822 words - 7 pages Electronic commerce (e-commerce) over the Internet is the fastest growing method for consumers to conduct business. Less than ten years old and it already has radically altered the potential to economic activities and the social environment. There are nearly 200 million Internet users worldwide currently. Of these 200 million users, roughly 40 percent reside in the United States (Styliano, A., Robbins, S. & Jackson, P., 2003). E-commerce

E-Commerce and the New Economy

1421 words - 6 pages essay is to examine the issues, challenges and opportunities related to commerce in the “new economy”. The internet became popular in 1995. It creates many opportunities in different kind of industries. Ecommerce is one of the successful examples of buying and selling on the web. It is like a cocoon, which became mature in these recent years. Low start-up costs make online businesses attractive to new entrepreneurs. Establishing their

Amazon and E-commerce

821 words - 4 pages international market. In order to meet its ambitions in entering the global market, it’s necessary to take some actions to purchase some of the e-commerce corporations in the local market. Amazon purchased Chinese local e-commerce company Joyo.com in 2004 to totally enter Chinese market. M&A can help a company to increase the value generation, cost efficiency through economic scale and market share (Finance). By purchasing local corporations

Similar Essays

The Growth Of E Commerce In India

3203 words - 13 pages E-Commerce is a type of virtual industry where the buying and selling of products and services is conducted over electronic systems such as the internet and other computer networks. Basically, it provides a platform to the retailers to display their products virtually for selling in order to increase their overall sale. Earlier, there were no such concepts for the retailers or for the customers to play with. They were restricted to their

E Commerce: Buiness Done Over The Internet

706 words - 3 pages Globalization and Technology have altered the way that retailing works, it’s not as it used to be in the past. Day after day more people around the world are introduced to internet and they start benefiting from e-commerce. Today, any kind of business can be done over the internet. It is possible to do international transactions with few simple clicks on your computer or smart phone. According to Mashable the e-commerce sales exceeded one

E Commerce In The New Millenium And Its Advantages

2370 words - 10 pages alternative to all other means of communication.Every era of business has new strategies and new ways of doing business, through radio and television came the first mass-marketing advertising. With the introduction of the internet changing business, the rules for corporate strategy held for the last 50 years have begun to crumble.There are some elements of regular commerce that are necessary for any transaction to take place, they also apply to e-commerce

E Commerce: Its Development And Future Prospective

696 words - 3 pages feel like. This study discusses the development of e-commerce and its future prospects. What is e-commerce? E-Commerce is the short form of electronic commerce. E-Commerce is the use of electronic data transmission to implement or enhance any business process. Examples of e- commerce are, electronic funds transfer, the use of automated teller machines, online tracking of shipments and electronic data interchange between business communities. E