E-business Project Report

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INTRODUCTION OF THE TOPIC

In the emerging global economy, e-business have increasingly become a necessarycomponent of business strategy and a strong catalyst for economic development. Theintegration of information and communications technology (ICT) in business hasrevolutionized relationships within organizations and those between and amongorganizations and individuals. Specifically, the use of ICT in business has enhanced productivity, encouraged greater customer participation, and enabled masscustomization, besides reducing costs.With developments in the Internet and Web-based technologies, distinctions be-tween traditional markets and the global electronic marketplace such as businesscapital size, among others-are gradually being narrowed down. The name of thegame is strategic positioning, the ability of a company to determine emerging opportunities and utilize the necessary human capital skills (such as intellectual re-sources) to

make the most of these opportunities

through an

e-business strategy

that is simple, workable and practicable within the context of global informationand new economic environment. With its effect of leveling the playing field,e-commerce coupled with the appropriate strategy and policy approach enablesSmall and medium scale enterprises to compete with large and capital-rich businesses.On another plane, developing countries are given increased access to the globalMarketplace, where they compete with and complement the more developedeconomies. Most, if not all, developing countries are already participating in e-commerce, either as sellers or buyers. However, to facilitate e-commerce growth inthese countries, the relatively underdeveloped information infrastructure must beimproved.1

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HISTORY OF INTERNET

In the 50’s and early 60’s, prior to the widespread inter-networking that led to theInternet, most communication networks were limited by their nature to only allowcommunications between the stations on the network. Some networks had gateways or bridges between them, but these bridges were often limited or built specifically for asingle use. One prevalent computer networking method was based on the centralmainframe method, simply allowing its terminals to be connected via long leased lines.This method was used in the 1950s by Project RAND to support researchers such asHerbert Simon, in Pittsburgh, Pennsylvania, when collaborating across the continentwith researchers in Santa Monica, California, on automated theorem proving andartificial intelligence. The Internet system was developed and ready in the Late 1980s, but The Cold War held up the progress. When it ended in 1992, the internet slowly became main stream. By the end of the decade, millions were using it for business,education and pleasure.The Internet was designed in part to provide a communications network that wouldwork even if some of the sites were destroyed by nuclear attack. If the most directroute was not available,routerswould direct traffic around the network via alternateroutes.The early Internet was used by computer experts, engineers, scientists, and librarians.There was nothing friendly about it. There were no home or office personalcomputers in those days, and anyone who used it, whether a computer professional or an engineer or scientist or librarian, had to learn to use a very complex system.

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WHAT MAKES THE INTERNET SOPOWERFUL?

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The Internet is the lowest cost system ever developed to communicate with a potential audience of hundreds of millions of people all over the world. Evenlocally, the cost of a simple Web site is usually less than the cost of a modest ad in a business telephone directory. A Web site can also give more information than atelephone directory ad, including color photos, detailed descriptions of products andservices, and price information that can be changed at any moment, for any reason,instead of waiting for a printed directory's next publication cycle.

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As a news medium, the Internet is faster and more flexible than a newspaper or magazine. A story can be added to a Web site instantly at any time of the day or night. There are no deadlines (except self-imposed ones) for Internet news. The"printing press" is always on, you might say. Even television news, aside from afew 24-hour news channels, must usually wait for scheduled news broadcast timesinstead of breaking into entertainment programming whenever a new story comesalong. Television is also constrained by its necessarily linear information deliveryformat. It must tell a story, then another story, then take a break for advertising,then tell another story, and so on, in sequence. A viewer cannot choose to view onlya few stories that he or she finds interesting, which may occupy only five minutesout of a 30-minute newscast. On the Internet, a reader is free not only to choose toview just those stories in which he or she is most interested, but also gets to choosethe order in which he or she sees them. If sports scores are the highest item ontoday's agenda, click and there's the sports section, as easy as turning a newspaper page. Another click and there's the score from the game that just ended, possiblywith video highlights only one more click away.3