Impact of E-Commerce in Modernisation Essay Example for Free

Impact of E-Commerce in Modernisation EssayThe term electronic Commerce or E-Commerce consists of all line of merchandise activities carried on with the physical exertion of electronic media that depend on the Internet, much(prenominal) as e-mail, instant communicate, shopping carts, Web services, UDDI (Universal Description, Disc all overy and Integration), FTP (File Transfer Protocol), and EDI (Electronic Data Inter remove), and all forms of messaging among enterprises. E- Commerce bear be between two businesses transmitting funds, goods, services and data or between a business and a customer. In simple words, E-Commerce involves debauching and selling of goods and services over the ball Wide Web or Internet. Customers support purchase anything right from a mobile pit or a reserve seated in his room by click of a mouse. Because of E-Commerce, the instauration stands at the edge of a new revolution.With the easing of the telecommunication sector world wide, the us e of E-Commerce provide increase rapidly. E- Commerce brings new opportunities for enterprises to access food markets of all over world. Every service and information just ab appear the product is available just on a mouse click. The modern technology offers an opportunity to enterprises to heighten themselves and enter the planetary market at the right time and at a low cost. This would put to work like a boon for the entrepreneurs in rural subject field of BTAD. E-Commerce may involve selling forthwith from Businesses-to-Consumers (B2C E-Commerce). For example, a number of craft producers and tourism enterprises have already found some success relations directly with customers. E-Commerce can also be conducted directly between Businesses (B2B E-Commerce).This is by far the most honey oil type of E-Commerce at present. There is also Business-to- administration activity (B2G E-Commerce) that refers to the growth in supply of goods and services for online political sympath ies procurement potentially a large growth area in developing countries. An Entrepreneur is a business leader who has a pivotal role in fostering economic growth. An entrepreneur can be regarded as a person who has the initiative skill and motivation to set up a business or enterprise of his own and who always looks for advanced compassments. He is the catalyst for social change and works for the common good.They look for opportunities, identify them and seize them mainly for economic gains. An action oriented entrepreneur is a highly calculative individual who is always willing to undertake risks in order to achieve their goals. Entrepreneurs generate employment both directly and indirectly. Directly, self employment as an entrepreneur and indirectly by starting many industrial units they offer jobs to others. Thus entrepreneurship is the best way to fight the evil of unemployment in the BTAD area. For North-East region such as BTAD area one of the most important benefits of E-C ommerce is its potential to sustain a developing rural areas to transform into the knowledge model region.The positive effects of E-Commerce can be adopted by the traditional entrepreneurs in BTAD area to modernise their local or native enterprises. E-Commerce can stimulate the traditional entrepreneurs of BTAD area by opening new possibilities to them and thus service to grow the saving of BTAD area. E-Commerce is as a new way of helping business enterprises of the rural areas of BTAD to compete in the market and thus contributing to economic success as well. E-Commerce involves the selling and buying of goods and services over World Wide Web i.e. Internet or others Electronic media by businesses, individuals, governments or other organisations. Customers can buy anything right from a mobile set or can book an Air ticket sitting in his room just by click of a mouse.The traditional enterprises of BTAD area can be modernise with the help of E-Commerce, which will add the flexibili ty and speed offered by electronic communications. This can advance improvement in competitiveness and efficiency through the redesign of traditional business methods. E-commerce has turned out to be the most efficient way of promoting ones products online and also ensuring a truly global appeal for the same. Some economists say that the newly emerged economy can be very appropriately called as the transparent economy because the Internet makes has made it more open and exposed.In BTAD, E-Commerce is not practice by the traditional enterprises. As E-Commerce offers new opportunities, entrepreneurs of BTAD area should try to gather maximum advantage of Electronic merchandise. Thus, it is high time that the traditional entrepreneurs in BTAD area should act fast and decisively in order to use the growing Internet trading to achieve advantage. The reason for concentrating on this topic is that, there is no search on E-Commerce in rural area of BTAD is conducted.1. LITERATURE REVIEWTh e economic consumption of this research is to investigate and poll the impact of E-commerce in traditional enterprises of BTAD area. A review of principal and current literature on e-business and sentiment of entrepreneurship was undertaken to collate the existing theories about the two and to explore the conceptual relationships between them. One of the best book for E-Commerce published in 2004, was entitled The Complete E-Commerce Book by Reynolds, Janice.Through his book he cherished to acquaint the readers with the dissimilar technical aspect of E-Commerce. Another book was published in 2008, was entitled managing e-commerce edited by Botha, J, Bothma, C, and Geldenhuys, P. They explained the impact of E-Commerce and innovation on business models. Kumar, S. Anil through his book miniature business and Entrepreneurship in 2008 wanted to highlighted various aspects of Entrepreneurs.Likewise various articles have also been published in various journals dealing with various a spects of the E-Commerce as well as the Entrepreneurship. Further some research has also been do about the various aspects of traditional enterprises of North East including Assam. But no one has attempted so far a detailed study including almost every aspect of modernisation of traditional enterprises in BTAD area. This will be certainly a unique one.2. OBJECTIVE OF THE STUDYThe propose study has been undertaken retention in mind the following objectives a) To highlight the traditional entrepreneurship in BTAD area. b) To study the impact of modernisation of Entrepreneurship in BTAD area. c) The analyses the impact of E-commerce on the entrepreneurs in BTAD area. d) To highlight the scope of new entrepreneurs in the Internet marketing in BTAD area. e) To help entrepreneur to start a new business and expand the existing one with the help of E-commerce. f) To study E-commerce and its socio-economic impact on Entrepreneurship development.3. HYPOTHESESThe following hypotheses have be en formulated to the test the objectives taken above a) meliorate unemployed in BTAD area can start their entrepreneurship with the help of E-commerce. b) Due to the influence of internet marketing the change in economic and entrepreneurship in BTAD area in terms of their traditional business system. c) Government policies on traditional entrepreneurship development are not satisfactory. d) The Business-to-Business transactions play an important role in E-commerce market of BTAD area. e) The future of E-commerce for entrepreneurs in BTAD is quite promising.4. RESEARCH METHODOLOGYThis research paper aims to give a better understanding of the complementary nature of entrepreneurship through an empirical study of Utilities of E-Commerce in various industries in the BTAD area. In order were conducted to examine the perceptions of entrepreneurs in E-Commerce regarding entrepreneurship and the factors affecting the development and integration of entrepreneurship in the BTAD area. The mai n purpose of the literature review was to collate the existing theories and basic knowledge about the entrepreneurship and E-Commerce to explore the conceptual relationships between them.A review of the current literature on E-Commerce as well as entrepreneurship was conducted. In appendix web research was conducted to support the literature review. The sources provided by the web research were the most convenient and the windy due to its accessibility. The analysis of some case studies has been done to support the literature review.Case studies were undertaken to explore organizational behaviour and practice, entrepreneurship and E-Commerce in various enterprises in BTAD area. In addition to the case studies, interviews were conducted in several enterprises of BTAD area to explore the conceptual relationship between entrepreneurship and E-Commerce, and the factors affecting the development and integration of entrepreneurship. These interviews focused on how these industries in B TAD area utilizes E-Commerce, how they benefited and what lessons can be learned from the experiences.5. CHAPTERISATIONSThe study proposes the following Chaptersa. Chapter 1. Introduction.b. Chapter 2.Review of Literature.c. Chapter 3.The Entrepreneurs in BTAD area and their problems. d. Chapter 4.Practice of E-commerce by the Entrepreneurs in BTAD area. e. Chapter 5.Analysis of the practices of E-commerce on Entrepreneurship development in BTAD area.f. Chapter 6.Findings, Suggestions and Conclusion.g. Chapter 7.Bibliography.6. BIBLIOGRAPHYBooks1. Dr. Singh, A.K., 2009 Entrepreneurship Development and Management, University Science Press, Daryaganj, New Delhi-2, 2009. 2. Botha, J. , Botham C.,Geldenhuys P., 2008 Managing E-commerce, 2nd Edition, Juta Co. Ltd., Mercury Crescent, Wetton, Cape Town, 2008. 3. Kumar S. Anil, 2008 Small Business and Entrepreneurship, I.K. International Publishing House Pvt. Ltd., New Delhi-16, 2008. 4. Reynolds, Janice,2004 The Complete E-commerce Bo ok, published by CMP Books, San Francisco, USA, 2004. 5. Tiwari, Sanjay,Tiwary, Anshuja, 2007 Entrepreneurship Development in India, Sarup Sons, New Delhi-2, 2007.6. Uddin, Sami , 1989 Entrepreneurship Development in India, First Edition, Mittal Publications, Delhi-110035, 1989. 7. Wallance, P D,2001 Encyclopaedia of e-commerce(Vol. II), Sarup Sons, New Delhi-2, 2001.Journals1. Bajaj, K.K., Country trace on E-Commerce (India, Ministry of Communications and Information Technology, Department of InformationTechnology, Office of the Controller of Certifying Authorities). 2. CII, 2001. E-commerce in India How to make it happen?, Report of the CII National Committee on E-Commerce 2000-2001 (Confederation of Indian Industry). 3. Das, Sanchita, 2001. Cables in the deep, 2-15 April 2001. 4. Department of Telecommunication, India, 2001. DOT Annual Report 2000-2001. 5. E-commerce (India), October 2001. Redefining business parameters, October 2001.