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E Commerce Growth In New Zealand Essay

2024 words - 8 pages

1. IntroductionThe concept of entrepreneurship has a wide range of meanings. A definition in dictionary is "to undertake"; small business defined as "to start up a small business; and in business context, it means, "the process of looking at things in such a way that possible solutions to problems and perceived needs may evolve in venturing."From my opinion, the entrepreneurship can be defined as "how people generate possible solutions to solve the problems during business operations. It is an integrated strategy to help the business growth. At this stage, an entrepreneur may have ability to cover various area that include creativity and innovation, decision-making, communication and action planning in order to achieve the goal.2. Business OpportunityIn the last few years, the Internet has revolutionized the way of people doing business. New information technologies give 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 being driven by the availability of fast, powerful, and cheap computers, fast and cheap telecommunications and the rise of global electronic networks, particularly the Internet.Electronic commerce is about moving physical business processes to the electronic environment of Internet instead of sending a fax or a letter or sending an e-mail, or accesses a Web site.2.2 E-commerce GrowthAccording to the research, at the beginning of the 1990s, there has no one had heard of the Internet, But ten years later, there are 360 million people around the world have Internet access and the number of Internet users continues to grow rapidly (Mike Cunningham, 2002).Five years ago, there only few people were thinking about electronic commerce, other than large companies that could afford to buy expensive systems. But nowadays, most of New Zealanders are buying and selling goods and services on-line, from the weekly groceries to airline tickets, software, music, arts and crafts, and clothing.Electronic market places are being set up in a variety of industries. For instance, Lignus.co.nz is an Internet-based marketplace for trading timber and wood-based products.2.3 Environment in New ZealandResearch shows that New Zealanders are usually quick to embrace new technology. When it comes to the Internet, they have been buying computers, signing up with Internet Service Providers, and getting on line at a pretty impressive rate.New Zealand has a strong foundation on which it can build its e-commerce capability and become a world leader in the field. The research also shows that New Zealand well against all other country to the e-commerce...

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