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Many new and exciting business and purchasing opportunities are becoming available due to the phenomenal growth of the Internet and peoples interest to save time and money by purchasing goods via the web. If you think about all the companies that you know that dont use computers for their everyday business than you either are stumped or just thought of one that will soon be forced to evolve or will soon go out of business. There are very few successful companies that do not use computers in their everyday business activities. There are also few companies do not use some form of e-commerce. Just as an example to hit home this point, the effect of the Internet is so widespread in todays business communities, one online article stated that more than 100000 companies have Internet addresses, and 20000 companies have home pages on the Internet as of February 1999. (DataQuest, 1999). Since the beginning of the 1990s these numbers have quadrupled. Now you might be thinking, Just what exactly is e-commerce? To most casual Internet surfers, e-commerce means online shopping or simply purchasing Christmas presents via your personal computer and any Internet browser. As we will soon find out this is not exactly the definition of e-commerce but rather on entity of its capabilities.
In Laymans terms, e-commerce is the exchange of business information between two or more organizations. An example of this would be buying and selling products or services over the Internet. After e-commerce proved to be an efficient means to conduct long distance transactions it became very accepted. This paper shall discuss some of the advantages and disadvantages of e-commerce, as well as predicting its potential for the future of business.
Electronic commerce, or e-commerce has developed exponentially in the last few years and has left some in the cold. The majority of people think e-commerce is just about buying and selling things over the Internet like through auctioning sites such as E-Bay and U-Bid. However, E-commerce is a broad term describing the electronic exchange of business data between two or more organizations' computers. Some examples might be the electronic job applications, on-line services like America online, and on-line billing that automatically pays specified bills each month so you dont have to mail a check. E-commerce also includes buying and selling any item over the Internet, electronic banking so you can transfer funds between accounts or stocks, smart cards, and all other methods of conducting business over digital networks. The primary technological goal of e-commerce is to integrate businesses, government agencies, and contractors into a single community with the ability to communicate with one another across any computer platform.(Edwards, 1998)
Electronic commerce started 130 plus years ago by telegraph technology. This is similar to wiring money though an electronic agency for a small fee. The advent of credit cards as a payment system began the revolution of the automated process of commerce that we are so familiar to today. The introduction of the ATM card in the mid 80s was one of the most recent improvements to electronic commerce and its capabilities. In 1969 when the Department of Defense began funding the research of computer networking and the idea Internet was conceived. By the 80s the Internet was still in its youth and very few households had access to the Internet, but at very grueling speeds. The Internet, as a means for commerce, did not become reality until the 1990s. Before this time, it was mainly a tool for the army, and a research device for some American universities. When faster more readily available and relatively cheep means of accessing the Internet were introduced, it was only then did people start to realize how they could capitalize on a greater market and also use the Internet for a fast and efficient means to conduct long distance transactions, as well as an effective way to distribute information
Clearly, E-commerce will change the face of business forever. Companies that were one thought too far away to conduct business, can complete business transactions in a matter of seconds as well as exchange information. Dell Computers sells more than $14 million worth of computer equipment a day from ... more
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The Effects of the Industrial Revolution
The Industrial Revolution was absolutely beneficial to the progress of the world from the 1800s all the way to present day. Sacrifices were made which allowed technological advancements during the Industrial Revolution, which in turn, created happiness, life opportunities, and an over-all, definite amelioration of life.
At the beginning of the Industrial Revolution, many hardships had to be overcome, causing great grief to most of the population. Faith was lost, patience was tried, and a blanket of oppression covered the people of Europe. When new inventions arose to facilitate the producing and mass-producing of goods that supplied the people of Europe, nearly everyone was forced to begin a new career within a factory. These are just some of the hardships that many loyal, hardworking citizens were faced with. The reverberations of these new inventions caused a dramatic plummet of the life expectancy of an average citizen to an alarming 15 years of age. Women and children were expected to work up to 16 hours a day and doing labor that could cause serious injury, like carrying extremely heavy loads. For their work, they were paid ridiculous wages, women around 5 shillings per week, and children about 1. One can easily recognize the negative aspects of such a dramatic event. However, if one "steps back" to view the revolution as a whole, he will notice that the positive aspects completely out-weigh the negative aspects.
The revolution began when inventors introduced their creations to improve the way people were producing goods. Machines such as the cotton gin, water frame, power loom, and spinning jenny allowed textile products to be produced in mass quantities. These techniques of mass-production made other methods such as cottage industry, where families produce items by hand, obsolete. As a result of this, people began to work in factories with these machines. Factories became so dominant that eventually the cottage industry no longer played a part in people's lives. This dramatically changed people's lifestyles, and for a long period of time, there were terrible work conditions. These factories had its positive and negative aspects. The work conditions were very dangerous, there were no safety devices, and many had to work long hours. However, due to the mass production, many jobs were available, and the prices of goods considerably decreased because of the extreme availability.
The job opportunities and price decrease definitely improved the lives of the people, giving them a chance to be a part of the society and be able to purchase products at a price that wasn't too bad.
As the revolution progressed, people began to realize that there were solutions to the problems and hardships that they battled every day. The people went to the Parliament with an answer: unions. A union is an organized group up people working for a mutual cause. In 1824, the right to form unions was established. These unions created laws and regulations that made working less dangerous and cruel, and more sanitary. Consecutive acts were formed that lessened the amount of hours women and children could work in the factories and safety and sanitary regulations were enforced. One act that really benefited the rules of labor for children was the Factory Act of 1833. This act stated that children had to be over 9 years old to work in factories, and children 9-13 years old couldn't work more than 9 hours, and children 13-18 years old could not work more than 12 hours. Eventually, personal insurance developed which led to social security. These are the positive outcomes that derived from the industrial revolution that effects the workers.
Now let us view how many people's lives changed outside work. There were many national benefits of this revolution. One very important aspect is that there became many more goods available because of the mass-production. Due to this mass-producing, the goods also dropped in price, which considerably benefited those who were financially struggling. Along with the mass-producing came more employment opportunities, which allowed some of the less fortunate people to have a chance of getting a job. The increase of new ideas and inventions led to an increase of the quality of life. Medicinal products became more plentiful, transportation improved, and ... more
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