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Prepared by Karin Bean Global E-Commerce Final Research Paper CSI 274 The impact of Global E-Commerce in the Business World -Benefits and Challenges Prepared for Robert Quentin November 21 2004 TABLE OF CONTENTS Introduction2 Benefits of Global Commerce2-3 Examples of Global Success3 Successful Collaboration in B2B Exchanges4 Some examples of successful B2B4-5 Infrastructure6 Challenges of Global E-Commerce6-7 Cultural preferences7 Localization8 Legal issues8-9 Bandwidth9-10 Consumer protection11 Payments 11 Taxation11 Laws11-12 Economical Impact12-13 Digital Divide13 Definitions13 Reference14 ii INTRODUCTION Global E-commerce has been around for 25 years It was used mostly for stock trading and financial transactions using EDI and EFT Systems and was limited mostly to large corporation due to the high costs of data transmission The use of the internet and extranet have changed the way global business is performed and has expanded the global market significantly The Internet provides a more inexpensive and flexible infrastructure and therefore enables more companies to engage in global e-commerce The use of the internet breaks down international borders and creates endless opportunities for companies to expand their business worldwide Besides the benefits for businesses there are challenges as well Those range from language barriers to different currencies tax laws and cultural differences in business ethics to different competition laws Furthermore technical challenges such as implementing effective network connections interoperational platforms and security systems are still causing barriers for global e-commerce BENEFITS OF GLOBAL COMMERCE The opportunity to engage in global e-commerce provides many companies with great opportunities to expand their market B2B opportunities enable businesses to join ventures collaborate effectively and save costs by reengineering administration and business processes Businesses are able to join global trading e-market spaces and 2 exchanges in their prospective industry buyers and sellers are easily matched which saves time and cost Furthermore the improvement of supply channels work processes and collaborative design
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