Impact of E-Commerce to Malaysian Economy

This also gives the consumer much more information and freedom over their purchases. The greatest thing about the Internet is the immense amount of information that is supplied by the online businesses. Companies can now cater directly to the consumers needs through a comprehensive website which details their exact information. Consumers also have the freedom to shop around on numerous other sites or do research on the product from their homes. A store can only provide the product with the limited information given on a box or by a third party that does not always give you the freedom to search and find the important information needed to make purchases. The Information Super-Highway gives the consumer total control over there needs because of the information that is distributed.

I am choosing to do my Business Analysis paper on e-commerce. I will explain the importance of it as well as the effects on the global economy. I will discuss the advantages of telecommunications and information technologies in a business versus those businesses without e-commerce. I will also discuss the marketing strategies involved with e-commerce and how it helps businesses. Due to the global nature of internet business, electronic commerce (e-commerce) standards have become a priority on the national and international level. While most traditional businesses are subject to local, state, and national

A computers have become more mainstream, more and more operations are conducted online. From online bill pay to simple searches, as one would do with the yellow pages, to online shopping, the Internet has helped shape the way computers are used today. With the Dotcom boom of the mid-nineties and early 2000s, ecommerce and e-business really started to take off. The Internet has given way to some of the biggest economic booms in history. The invention of smartphones and tablets has allowed for consumers to have instant access to the Internet, right at one's fingertips. While e-business is becoming more mainstream, and has its advantages, e-business also has its disadvantages.

The ‘digital economy’ can be defined as the global network of economic and social activities that are enabled by digital technologies, services and content. Internet commerce, or e-commerce, is one of many aspects of the digital economy. The internet allows consumers to purchase goods and services in a borderless marketplace, whether based locally, interstate or overseas.

Electronic commerce has been there for a long time now, and it is a practice that is practiced by peoples from Germany, France, and the US on a daily basis. Since its inception around 40 years ago, e-commerce has continued to grow as innovations, technologies and a lot of business reverting to the use of the e-commerce. The aspect of buying and selling of goods in the early 1960s was sluggish with the traditional way of mailing of documents being replaced with the Electronic Data Interchange (EDI), which would later pave a way to the electronic commerce. After the e-commerce, however, the practice was not more reliable as it still had many challenges (Tsolis, 2009). For instance, it was not easy for buyers to see products from the comfort of their homes and more so, the methods of accessing the information were limited.

The e-commerce website is a relatively new initiative, launched only in December 2012. In early 2014, the e-commerce sales made about 9% of sales with the goal to grow “to around 25% in the future” (Singh, 2014). As the website features most of the products presented in the physical stores, e-commerce is expected to turn into a great conversion tool, in general, and in the international market, in particular.

In 1991, the internet became available for commercial use, which introduced the possibility for what we now know as electronic commerce, or e-commerce. By 2000, “a great number of business companies in the United States and Western Europe represented their services in the World Wide Web” and it was at this time that the e-commerce that we utilize in today’s business world took shape (e-commerce Land, n.d.). “People began to define the term ecommerce as the process of purchasing of available goods and services over the Internet using secure connections and electronic payment services” (e-commerce Land, n.d.). Through continued growth of the internet, brick and mortar stores came to realize that electronic representation would be an

This study will prove that e-commerce has grown because it adds value to people’s lives. It will show that e-commerce will not disappear but evolve into something even greater than what it is right now.

Many organizations industriously look for the opportunity to gain the competitive advantages in their industries. One of the opportunities that frequently used by the organization is the implementation of e-commerce. Thus, the e-commerce and the online sale transaction become popular in each industry. E-commerce provides many benefits, such as the saving of shopping time, the cost savings, convenience, and free from geographical constraints.

As e-Commerce is still an emerging concept in Bangladesh, many trends of e-Commerce sites follow up as time goes. Consumers are highly motivated to do online shopping due to lack of time available of shopping physically and also to avoid wastage of precious time in the dreadful traffic of Dhaka city.

E-commerce a new term in the world economy emerged with the spread of the internal in the early nineties of the twentieth century , but some researchers have pointed to the existence of the seventies of the last century through the exchange of electronic information between industrial companies systems.E-commerce is considered one of modern idioms and taken to enter our daily lives until they became used in many life activities, which are of link information technology revolution and communications. E-commerce expression can divide it into two sections, with the first, a “trade”, which refers to the economic activity is through the trading of goods and services between the governments, institutions and individuals and is governed by a number of rules and regulations could be argued that an internationally.

For a country as big as ours the Internet penetration has covered only 10% of our population. This is in stark contrast to the global average of 35%, and much below the average of the developed nations at 78%. We have a population base, which is big enough for a thriving e-commerce industry but the e-commerce potential at the moment is limited because of the broadband penetration.

Nowadays, electronic commerce (E-commerce) is rapidly progressing and it is considered to be one of the most perspective fields of the development of business economy. It is extremely essential to the prosperity of financial transactions in every business. Despites these benefits, some people believe that e-commerce can have negative effects on both retailers and consumers. This essay will outline that E-commerce has a positive impact on the economic growth at country level, since it promotes sales which in turn improves company performance and ultimately increasing economic growth.

Whether e-business is economically harmful or beneficial to businesses has always been a controversial topic. Despite the trend of traditional companies turning their businesses into e-business is uprising, some still tend to not modifying their models. Does it indicate that e-business is more of an economic disadvantage to businesses than it is an advantage? We will have a better look into both sides in this essay.

E-commerce is platform of communication through internet that takes place between companies and their customers (Whiteley, 2000). The e-commerce provides various services such online shopping, online bank and E-enterprise which are also emerging trends on their own. Online shopping is one biggest service of e-commerce which allows consumers to buy, order and view goods and service on online through their gadget, anywhere they are (Dennis et al. 2004; McCormick, 2009). Based on fact that world is connected through internet and the new generation prefer to utilise technology than do things in manual process (going physical retail). .