Paper Summary:

This paper discusses how e-business trends have already replaced or are steadily replacing the conventional modes of business due to the fact that they are more user-friendly and less costly to build at short notice. It also shows the recurring costs for a cyber-presence are much cheaper than those for conventional office space. In particular, it looks at its impact on the travel industry and how use of Internet for executing business transactions is increasing each year.

From the Paper:

"Porting an existing business to an electronic platform has its own advantages. In fact experts claim that the advantages that accrue to the business are far more than the disadvantages. The advent of the Internet has also brought about a paradigm change in the way enterprises are performing their business operations. The speed, technological superiority and economical operating costs are attracting more and more people to put their money in Internet technologies to conduct their business. Most companies prefer an online presence because of the ease of setting up the required infrastructure in just a few days, the advantage of a global presence and lower manpower to manage the business. The site also serves as a destination for potential customers to refer to the company profile. It also is a permanent form of advertising for the company."

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