(Insert Rapid Rise of e-Commerce in Modern Global Business Thesis: Global business processes are usually characterized by various operational strategies. Some of these strategies entail the use of human resources, while some entail the application of business technology (Kopper &. Ellis, 2011). It is apparent, taking into consideration the current business data that, e-commerce is currently one of the highest technology applied in commercial activities.
1. The purpose of my research is to explicate the current rapid rise in e-commerce globally. I will also focus on describing e-commerce and how it has been applied in order to improve your understanding on issues associated with it. In addition, I will provide examples of companies that have focused on provision of e-commerce activities and how they have been successful over the last two decades.
2. I have also undertaken research focused on the significant impacts of e-commerce in the general global business environment as well as the challenges or limitations that have been associated with e-commerce.
3. The main focus of my research will be focused on the rapid rise of e-commerce in the contemporary business environment and facets that have facilitated this rise.
Transition to Main Point, I: To begin with, I will provide a general introduction basically describing issues ascribed to business strategies and the probable causes of rapid rise in e-commerce.
A. Global business processes are usually characterized by various operational strategies. Some of these strategies entail the use of human resources, while some entail the application of business technology (Kopper &. Ellis, 2011). It is apparent, taking into consideration the current business data that, e-commerce is currently one of the highest technology applied in commercial activities
B. The corpus of e-commerce entails the process of undertaking business activities through enhanced computer networks i.e. the Internet. Research indicates that e-commerce activities depend heavily on technologies such as: Inventory Management Systems, Online Transactions, online marketing, data interchange through electronic processes et cetera (Cohan, 2010).
Transition to Main Point, II: In this section, I will focus on the significant impacts of e-commerce in the contemporary business environment.
A. With the integration of electronic technology into majority of Company’s operational procedures, e-commerce has been associated with effective and efficient technology, thus facilitating efficient business processes i.e. reduction of human errors usually associated with it (Laudon &. Traver, 2012).
B. In addition, economic experts have asserted that the essence of implementing e-commerce has been majorly driven by the fact that it entails reduced costs of operation: This occurs in the sense that it reduces costs associated with manual modes of operation specifically, inventory costs, employee management costs et cetera (Cohan, 2010).
C. On the other hand, the application of e-commerce in most of current business activities has been ascribed to improved competitive advantage of most organizations. this is due to the fact that it creates a platform for easy accessibility of updated information by the concerned companies (Cohan, 2010).
Transition to Main Point, III: I will focus on the limitations of e-commerce, despite the fact that it is a significant business strategy that is emulated by many business managers.
A. To begin with, security is among the biggest limitations affecting efficacy of e-commerce activities, with advanced knowledge on computer operational processes, some people have gone to an extent of accessing personal information of e-commerce users, thus jeopardizing their privacy.
B. Some people have also shown laxity when it comes to engaging in e-commerce activities, majorly due to lack of trust of e-commerce suppliers.
Conclusion: Transition to conclusion of the speech
Research has indicated that most people currently prefer less physical engaging processes of purchasing products and services (e-commerce), despite that fact that is also characterized with certain limitations. This trend is expected to increase overtime and its effects are currently faced even in less developed nations. In this regard, it is apparent that the application of e-commerce as business operation strategy will continue experiencing a high sense of popularity in the next coming years.
Cohan, P. S. (2010). E-profit high payoff strategies for capturing the e-commerce edge. New York: AMACOM.
Korper, S., &. Ellis, J. (2011). The e-commerce book building the e-empire (2nd ed.). San Diego, CA: Academic Press.
Laudon, K. C., &. Traver, C. G. (2012). E-commerce: business, technology, society. Boston: Addison Wesley.