Electronic commerce, or e-commerce, is a very broad term. E-commerce conducted between businesses differs from that carried out between a business and its consumers. For business-to-consumer e-commerce, the Web has become the dominant pipeline. E-commerce is not just about buying and selling things over the Internet but also the electronic exchange of business data between two or more organizations' computer systems (Scullion, Paauwe, 2004, 65). E-commerce includes buying and selling any item over the Internet, electronic fund transfer, smart cards, and all other methods of conducting business over digital networks. A good example is Amazon.com. The company offers lots of books and merchandise for sale on its Web site. Consumers find what they like, type in their credit card number and unpack the books or merchandise a few days later. Their website even makes recommendations based on items similar to what other consumers had purchased and spending patterns. Conducting individual stock trades, moving money from checking to savings or tracking an overnight package delivery via the Internet are other examples.
Business-to-business e-commerce takes many forms, some of which have been around for years. Electronic data interchange (EDI) is a format for exchanging business information over private networks. It was created to automate and speed the exchange of information between companies that regularly did business together. (Schuler, Dowling, Cieri, 2003, 717) EDI is still used, and there are many other mechanisms for business interaction, such as electronic catalogs and electronic payment systems. The Web plays an expanding role just as it does in consumer e-commerce.
Aims and Objectives of the Research
The aim of the research will be;
Impact of e-commerce on international business
Challenges of international trade
Organization needs to expand business internationally
Major legal issues involve in expanding the business globally
Impact of culture on expanding market internationally
Purpose Of Research
The main purpose of the research will be to study about the impact of e-commerce on international business, the main challenges of international trade, what are the major needs of an organization to expand the business internationally, Major legal issues involve in expanding the business globally,
Impact of culture on expanding market internationally
Rationale
Today, the business environment is becoming borderless and organizations are exploring newer markets in which to expand their businesses. In the process of expanding their market presence, businesses are going internationally thus influencing and getting influenced by local cultures of different nations. Business organizations have now realized that to be successful at the international level, they need to have an understanding of people of different countries at the local level. They need to understand and adopt local culture. National issues have greater impacts on the success of businesses on a international scale. As more and more organizations are expanding their scope of business, the study of such international HRM issues is becoming ...