There is no single, well-established, and widely accepted definition of
However, this is not a serious impediment. For present purposes it is
sufficient to follow the OECD view of eCommerce as:
"Business occurring over networks which use non-proprietary protocols that
are
established by an open standard setting process such as the Internet."
(OECD, 1998).
Ecommerce provides a tremendous opportunity for any business, whether it's
a private enterprise looking to market great new ideas or a large
cooperation looking for new methods to increase its sales. But selling
goods and services on the Internet have their own set of challenges that
include methods to set up and maintain secure, reliable and cost effective
system for authorizing payments and managing transactions. [1]
Challenges for the future of ecommerce
A major challenge for ecommerce is whether they have the financial
resources to invest in technology and other related costs for developing an
E-business, or including E-business as a strategy to their existing
operations. Human resources need to be in place to meet the demands, so
having staff to develop a new type of business, having the appropriate
skill base within the organization, attracting and retaining employees with
applicable skills are all critical. This may be very difficult in today's
business climate but it is essential to operate E-business properly.
Finding sufficient time to invest in the development and implementation of
an E-business package is also a critical factor. Risk taking can be
daunting compared to larger organizations, particularly in ventures that
are still relatively new, unfamiliar and uncertain.[2]
Thus we can conclude that ecommerce has yet to overcome many hurdles and
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