Business

Business

  • Submitted By: lbc81600
  • Date Submitted: 07/25/2016 6:35 PM
  • Category: Business
  • Words: 1112
  • Page: 5

´╗┐In order for businesses to cope up with changing customer demands, they must adapt new technologies not only to support their business functions but also to reduce paper works, reduce costs, and improve and increase productions. In this way, e-commerce is seen as a business methodology that addresses both external and internal needs of the business organization. There are facts which tend to support the theory that e-commerce will continue to play a crucial role in running a business. Most business organisations have already invested heavily on Information and Communications Technology (ICT). ICT is already in the forefront of helping the organization run some of their key business functions like purchasing, invoicing, marketing, and customer support. This has enabled the organization to have some aspect of technology needed to transform their core business functions through the use of e-commerce. As a business style, at least one major aspect of e-commerce is already in the mainstream of society. While business organisations have invested heavily on ICT equipments, the prices of hardware and software equipments continue to fall. This was brought about by stiff competition from the different players in the industry. Microsoft, Sun Microsystems, Oracle, and other leading software giants have face some kind of fierce competition from each other and from open source advocates. Intel and Advanced Micro Devices (AMD) continued to dominate the processor and semiconductor industry by constantly developing faster processors while lowering their prices. Established computer manufacturers like International Business Machines (IBM), Dell, Hewlett Packard, and Acer tried to keep their prices within the range of clone computers. Although the IT sector is very dynamic and highly volatile and previously dominant players are giving way to other players, falling prices continue to lure organisations into investing into IT. The Internet industry has grown quite fast, beating...

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