Some businesses have even become purely digital, relying on their online presence to sell their products and services rather than having a physical store. E-marketplaces has also connected many online shoppers with a variety of online stores, and paying without using physical cash has become the norm in society.
But e-business and e-commerce also has its downsides. It's easier to commit fraud on the internet since the buyer and seller don't see each-other face to face when making a transaction, and data from peoples credit card details and bank accounts can be compromised. Overall, it is important to become aware that technology has made its footprint in the way we do business and has changed it for both better and for worse.
Gray, H., Issa, T., Pye, G., Troshani, I., Rainer, R. K., Prince, B., & Hugh, J. W. (2015). Management
information systems. Wiley.
Gen, this is an incredibly fantastic blog. Very concise summary bringing up great points about how E-commerce has drastically innovated the way businesses operate; as you mentioned, "Some businesses have even become purely digital," which was truly evident, especially during and after Covid, when people stayed at home, businesses would sell to their customers in the comfort of their own home.
ReplyDeleteGreat final summary Gen! I really like how in your post you included the downsides of E-commerce as well nice work!
ReplyDeleteYou provided a very concise overview of e-commerce, highlighting its significance in modern business operations. It effectively discusses the benefits of e-commerce, such as convenience and accessibility, while also addressing potential drawbacks like fraud and data security concerns. The format is straightforward and easy to follow, making it accessible to readers. Great Job Gen!
ReplyDeleteNice post as per usual, all points that you made were extremely concise and well structured making it overall an easy to read blog. I especially liked you last paragraph, commenting on the potential negative effects of E-business and E-commerce.
ReplyDeleteWell written summary Gen! I gained more insight of the lesson form your blog as it was informative but also provided benefits and challenges of the topics and sub topics (e - business and e - commerce). I particularly agree with your second sentence in the last paragraph regarding fraud as it is a true statement.
ReplyDeleteI like your views on e-business and e-commerce provides a thorough overview of these two critical components of modern business. The distinction between e-business, which encompasses a broader range of digital activities including internal processes and collaboration, and e-commerce, which specifically focuses on online transactions, is crucial for understanding their respective roles in the digital economy.
ReplyDeleteGood final summary of the weeks lesson. I like how you talked about how some businesses are now purely digital. I think this will become more common with time.
ReplyDeleteGenevieve
ReplyDeleteThe final blog post.
Your final blog post of the year wraps up everything with such finesse! It's been a journey reading your insights and thoughts throughout the year, and this last piece feels like the perfect conclusion.
All the best David Latu
Excellent well done amazing job
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