There are many positive aspects of e-commerce that lessen the shock of economic turbulence and uncertainty. The financial market meltdown and global banking crisis could have been worse without the efficiency, security and high level of auditability all attributable to e-commerce system development and ongoing use (Dehning, Richardson, Urbaczewski, Wells, 2004). E-commerce is critical during these uncertain, turbulent and economically challenging times due to the level of trust that they sustain and grow despite these economic downturns (Gökmen, 2012). Finally e-commerce systems have over time also created a more unified transaction and credit reporting network as well. All of these factors have combined to make the financial market meltdown and global banking crisis less severe than it potentially could have been without these systems and the networks they were instrumental in creating and sustaining today.
E-Business
We have experienced financial market meltdown and global banking crisis. Why is e-commerce important in these difficult economic times?
There are many positive aspects of e-commerce that lessen the shock of economic turbulence and uncertainty. The financial market meltdown and global banking crisis could have been worse without the efficiency, security and high level of auditability all attributable to e-commerce system development and ongoing use (Dehning, Richardson, Urbaczewski, Wells, 2004). E-commerce is critical during these uncertain, turbulent and economically challenging times due to the level of trust that they sustain and grow despite these economic downturns (Gokmen, 2012). Finally e-commerce systems have over time also created a more unified transaction and credit reporting network as well. All of these factors have combined to make the financial market meltdown and global banking crisis less severe than it potentially could have been without these systems and the networks they were instrumental in creating and sustaining today.
Bibliography:
Dehning, B., Richardson, V.J., Urbaczewski, a., & Wells, J.D. (2004). Reexamining the value relevance of E-commerce initiatives. Journal of Management Information Systems, 21(1), 55-82.
Gokmen, a. (2012). Virtual business operations, e-commerce & its significance and the case of turkey: Current situation and its potential. Electronic Commerce Research, 12(1), 31-51.
Why is it important to conceptualize consumers' perceptions of e-commerce quality?
Being able to conceptualize consumers' perceptions of e-commerce quality will have a different effect on the usability and customization options engineered into these systems to begin with. The ability to design e-commerce systems that conceptualize consumers' perceptions is obviously critical to customer satisfaction (Kumar, Petersen, 2006). Creating e-commerce systems of value needs to begin by concentrating on consumer's perception of e-commerce quality and value, then be architected based on those factors to ensure adoption and long-term use of these systems (Dehning, Richardson, Urbaczewski, Wells, 2004).
Bibliography:
Dehning, B., Richardson, V.J., Urbaczewski, a., & Wells, J.D. (2004). Reexamining the value relevance of E-commerce initiatives. Journal of Management Information Systems, 21(1), 55-82.
Kumar, S., & Petersen, P. (2006). Impact of e-commerce in lowering operational costs and raising customer satisfaction. Journal of Manufacturing Technology Management, 17(3), 283-302.
Why is there a relationship between Information Technology and e-commerce leadership?
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