E-COMMERCE

Every now and again, shaping forces emerge that  transform  society.   Businesses  that understand and adapt can potentially ride the tidal wave   of opportunity that these  forces create. Since the beginning of the   industrial revolution  250  years ago up to the   early 1990s,the four most significant technological shaping forces were - industrialisation, transportation,  communication  and computerisation. Each changed the business   landscape completely.   In the mid-1990s, a fifth force began to emerge that will have more rapid   and  possibly  even  more  profound impact that any that has gone before.   The Internet is this new force which is creating a new world called the E-World,  which many call cyberspace.

E-World is a world in which a substantial global community of people and businesses are connected through networks of   fibre-optic and satellite based super highways that transcend national and other   traditional boundaries. Its vehicles are personal computers. Its vehicles are   measured in mouse clicks, not miles or minutes. As the Internet becomes more   ubiquitous and people start enjoying the immense benefits of transacting on it,by way of huge savings in cost, time and effort not to mention increased choice   and awareness, more and more people will switch to the Web as the primary vehicle of choice.