Impact of E-commerce on Customers, Employees, Suppliers, Distributors and Competitors

Abstract

In this world of competitive business environment where every thing is getting supersonic speed, the old business trends are not finding them to provide the most suitable business solutions. Business world is becoming global market and the business rules, business processes and techniques are also required to be updated. The new threats and challenges are emerged as the outcome of globalization though the opportunities are also enhanced. The one of the major challenges of the business world is handling of huge data volumes to find relevant data and then to extract relevant and meaningful information to design planning and strategy to get the maximum benefit in any business domain. Although it seems to be Electronic commerce (e-Commerce) is a general concept which covers any form of business transaction or information exchange executed using information and communication technologies (ICT's).E-Commerce includes electronic trading of goods, services and electronic material e-Commerce systems include commercial transactions on the Internet but their scope is much wider than this e.g Electronic Market, Electronic Data Exchange (EDI), Internet Commerce. It is the commercialization and popularization of the Internet that has put e-Commerce towards the top of the public and political agenda but e-Commerce using electronic markets and EDI have been an established part of the business scene for at least a decade prior to the 'Internet era'. This article is provides an account of electronic commerce with respect to the link with various stake holders.