The "E-Commerce" Economy

Paper Summary:

The writer discusses how e-commerce differs from the physical economy and the potential threat e-commerce poses to traditional commerce. A major concern regarding the emerging e-commerce economy is that a substantial part of its growth will come from the existing "physical" economy through a substitution, or "cannibalization" effect.

From the Paper:

"In the highly connected world of e-business, corporate success will hinge on how well businesses are able to communicate with other businesses. Every industry has become part of a global network where all companies are equally accessible. The extended enterprise concept of electronically networking customers, suppliers, employees and business partners is now reality through a new open standard, XML (extensible markup language). This facilitates connecting the varying forms of business computing and communication systems, leveraging them across design, manufacturing, procurement, human resources, marketing, sales and customer services. (Information Week, January 31, 2000)."

More papers on The "E-Commerce" Economy:

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• Research Paper # 94572 : "The Digital Economy"
• Research Paper # 27536 : "Information Technology and the Global Economy"

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