At the simplest level eCommerce is doing business through electronic
rather than traditional media. It encompasses all manner of commerce, including
business-to-business, business-to-consumer and consumer-to-consumer transactions and
involves:
- Electronic marketing research
- Electronic catalogs
- Website management
- Automated negotiation
- Secure electronic payments
- Distributed transaction processing
- Order fulfillment
- Customer satisfaction
- Data mining and analysis
Few fields of business are so intimately tied to technology.
Implementing eCommerce calls for a blend of:
- Networking
- Distributed databases
- Computer security
- Internet programming
- Multimedia
- Web facilities
- Intelligent agents
- Human interface design
Successful introduction of electronic commerce requires an
understanding not only of its true costs and benefits, but such issues as:
- Business reengineering
- Change management, including integrating legacy systems with Internet
front ends
- Supply chain structures
- Accounting and auditing in electronic businesses
- Changing role of intermediaries
- Nature of money as a medium of exchange
- Rapid business reaction time
- Trends in eCommerce law, policy and regulation
- Future technology
The programs of the Institute for eCommerce involve all of the above
topics.
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