Implementation Of Electronic Commerce ( E Commerce ) On Small Medium Enterprise ( Sme )

The Internet over the past few years has seen a huge increase in online businesses and consumers. Electronic-commerce is expected to generate $36 billion in revenue during 1999, up 140% from last year alone.[1] With such a huge amount of money to be made on the Internet it is becoming very appealing for small businesses and start-up companies to try and make their niche in e-commerce. The Internet is drastically affecting the way companies and people conduct business now. E-commerce encourages growth in existing as well as new businesses because of lower overhead costs, the huge consumer base and the freedom of information flow. However the online revolution has created a large

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.

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.

Small medium sized enterprises and small and medium sized businesses are often referred to as SMEs. These are companies whose number of employees or turnover falls underneath certain limits. The EU defines companies with fewer than 50 employees as small, and those

SMEs are a very heterogeneous group. They were in a wide range of business activities ranging from the artisanal production of agricultural products for the rural market, a coffee shop in the corner, an internet café in a small town for a small, complex engineering or software firm sales in foreign markets and medium-sized enterprises sold to multinational manufacturers in domestic and foreign markets. Owners may or may not be poor; Firms operate in a wide variety of markets (urban, rural, local, national, regional and international); the embodiment of different levels of skills, capital, sophistication and growth orientation, and may be in the formal or informal economy. The acronym "SMEs" is used by international organizations like World Bank, WTO and the United Nations. Small enterprises are largely dominated by large companies, as well as many more people. In addition, SMEs are motivated for managing innovation and competition in different sectors of the economy

SME?s are defined in a variety of ways by various countries using such parameters such as a number of persons employed, capital invested, turnover or nature of the business etc?.not only different countries apply different definitions on the concept of SME?s even within countries, different regions and different institutions adopt varying definitions in this regard.

skills, logistical infrastructure, and production. SMEs lack in time and skills to implement application to conduct electronic business. Suppliers, employers and customers need to be trained and educated for which many small businesses lack in time and financial capabilities. Dramatic increase in business can also be a threat to SME who cannot satisfy new customer demands. Face-to-face business between suppliers and customers is considered as the strong way of doing business by means of trust so became a barrier for adoption. On the other hand, most of the interviewers specified the benefits of adoption as enhanced customer service, increased speed, improved communication and efficiency of business. Some of the SMEs chosen for this sample

2. Related background literature 2.1 Benefits of e-business technologies adoption by SMEs There is a rich body of literature on ebusiness benefits. A large portion of the literature however discusses benefits without clearly expressing any specific assumptions about business size. In general, the

Building and maintaining an online presence through e-business applications is essential and strongly recommended for small businesses to survive and compete with large businesses in challenging economic times. Information technology has grown significantly over the years, giving small companies opportunities to develop better strategies to deal with the challenges they face when competing with larger businesses. Twenty-four hour access, convenience, and the reduction of cost are the keys to successfully competing with other organizations. The Internet and mobile technologies can be used to generate an increase in sales for small companies, and with the adoption of e-business practices, small businesses will increase

Firstly, e-commerce websites are not limited by the geographical area that they can service, therefore the whole world is at their playground which is a massive positive in terms of increasing their market. Another intelligible positives of e-commerce is the reduction in costs. E-commerce bring about lower costs in advertising and marketing, billing, payments and other operational processes. Moreover, it isn’t necessary to invest in real estates since an e-commerce merchant demands no key physical location. Secondly, an e-commerce retail trader has the ability to access information about their customer’s buying habits by making use of the information they provide in the registration form. They can also gain access to information by placing cookies on the customer’s computer. They can then use this to communicate relevant information. For e.g, if people want a

Firstly, SME can be defined as the companies that employ less than 500 employees in public companies or private businesses . This means that who is using less than 500 employees of the company are measured SMEs. These small and medium business operates in a small production company like small bakeries, small shops, large shopping malls, with branch offices, a limited number of small shops around the corner, away, small hotels, small restaurants, etc., there are many definitions of SMEs, they come from a different country to country, one economy to another.

Thanks to development technology, e-commerce, which has revolutionized nearly every industry in the world has become more and more popular and effect on a business and people (Bandyo-Padhyay, N. 2002). According to Bandyo-Padhyay. N (2002), it is a trendy expression that web based business performed in the right on time to the center of the 1990s and quickly turned into a typical term in the business and scholastic world. Internet business (Electronic trade) implies working business electronically which is exchanging products, services, and expertise utilizing PCs connected to each other. Nowadays, a business should respond to the growth of e-commerce, if they want to remain competitive. This essay will show the importance of e-commerce,

According to Malaysian SME annual report (2005 & 2006), small business enterprises or known as SME have been recognized as the strategic thrust in Malaysian economy and is a very important segment of the Malaysian economy accounting for 99.2% of total business establishments. SME also providing employment for about 56% of the total workforce and contributing about 31% of gross domestic product. Small business enterprises can be grouped into three categories which is micro, small or medium enterprise. These grouping can be decided based on two aspects either the number of people a business employs or on the total sales or revenue generated by a business in a year.