Essay on Pros and Cons of E-Commerce - 556 Words

Pros and Cons of E-Commerce nbsp;nbsp;nbsp;nbsp;nbsp;Electronic commerce or e-commerce involves the buying and selling of products or services over the internet. Put simply, e-commerce means conducting business online. E-commerce software programs run the main functions of an e-commerce web site, including product display, online ordering, and inventory management. This software resides on a commerce server and works in conjunction with online payment systems to process payments. E-Commerce can help a small business off to a great start or can make it fizzle into bankruptsy. It can have a positive and negitive impact on the success of a small business. nbsp;nbsp;nbsp;nbsp;nbsp;There are many pros to e-commerce. One factor is†¦show more content†¦These are a few of the major factors that can make e-commerce the right thing for a small business. nbsp;nbsp;nbsp;nbsp;nbsp;Though not all parts of e-commerce can make a small business soar to the Fortune 500. There are some cons to using e-commerce as an small business endeavor. One major con is the failure to understand the customers and why and how they buy. Retailers who do not understand customer habits, expectations, and motivations can have trouble selling a sound value product. Failure to co-ordinate is yet another con. If existing reporting and control relationships do not suffice, one can move towards a flat, accountable, and flexible structure, which may or may not aid co-ordination. Failure to obtain senior management commitment can often result in a failure to gain sufficient corporate resources to accomplish a task. It helps to get top management involved right from the start. Failure to obtain employee commitment will occur if planners do not explain their strategy well to employees, or fail to give employees the whole picture, then training and setting up incentive s for workers to embrace the strategy may assist. Under-estimation of time requirements is another con of e-commerce. Setting up an e-commerce venture can take considerable time and money, and failure to understand the timing and sequencing of tasks can lead to significant cost overruns. Profitability may have to wait for theShow MoreRelatedPros and Con E Commerce Essay3852 Words   |  16 PagesPros and Cons of E-Commerce â€Å"The web is the ultimate customer empowering environment. He or She who clicks the mouse gets to decide everything. It is so easy to go elsewhere; all the competitors in the world are but a mouse click away.† Jacob Nielsen, Designing Web Usability. There are many Pros and Cons when it comes to e- commerce. The use of the internet e commerce has grown drastically in recent years. E commerce is the buying and selling of goods and services on the internet. EvenRead MoreThe Pros and Cons of E-commerce Today1795 Words   |  8 PagesTHE PROS AND CONS OF E-COMMERCE TODAY Introduction Electronic Commerce or e-commerce refers to a wide range of online business activities for products and services(Rosen, 2000). E-commerce (or electronic commerce) is defined as the buying and selling of goods and services conducted over electronic systems such as the Internet and other computer networks. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, onlineRead MoreE-Commerce: Pros and Cons of Taking the Clothing Store Online1535 Words   |  6 Pagesthe Internet. In this text, I discuss a number of issues arising out of my resolve to engage in e-Commerce as the owner of a small clothing store along the Jersey Shore boardwalk. 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