Week 3
For this week, we talked about e-commerce. Today with sites like E-bay, or Amazon, e-commerce is made easy and available to each of us. It is not common in fact to find friends around us who have their own sites which sells items. However, have you ever wondered how did e-commerce started? There is no other better way to learn about that than from the man itself, here is a video on Alexander Randall and the Boston Computer Exchange - the world's first e-commerce company.
Quite interesting isn't it! For more information on the Boston Computer Exchange, look at this website.
As Alexander Randall mentioned in his video, e-commerce is made so easy now that any Tom, Dick and Harry can have their own e-commerce website. How many of us know at least one friend who have a blog or a site which sells items? I am sure majority of us here can raise our hand to that.
Above shows a very clear picture of how e-commerce works. We place an order via the website, charge it to our credit card, and when the order is completed, it will be sent over.Very importantly, e-commerce should not be confused with e-business.
E-business is to use information and communication technologies to support all of the activities of business. E-business is more than just e-commerce,while e-business refers to more strategic focus with an emphasis on the functions that occur using electronic capabilities, e-commerce is a subset of an overall e-business strategy.
Still find them confusing? I find this website very useful in explaining the difference between E-commerce and E-business. Do click on it for further information.That is all for this week!
