Rapid Rise of e-Commerce in Modern Global Business Essay

Rapid Rise of e-Commerce in Modern Global Business - Essay Example A. Global business processes are usually characterized by various operational strategies. Some of these strategies entail the use of human resources, while some entail the application of business technology (Kopper & Ellis, 2011). It is apparent, taking into consideration the current business data that, e-commerce is currently one of the highest technology applied in commercial activitiesB. The corpus of e-commerce entails the process of undertaking business activities through enhanced computer networks i.e. the Internet. Research indicates that e-commerce activities depend heavily on technologies such as: Inventory Management Systems, Online Transactions, online marketing, data interchange through electronic processes et cetera (Cohan, 2010).Transition to Main Point, II: In this section, I will focus on the significant impacts of e-commerce in the contemporary business environment.  A. With the integration of electronic technology into majority of Company’s operational proc edures, e-commerce has been associated with effective and efficient technology, thus facilitating efficient business processes i.e. reduction of human errors usually associated with it.B. In addition, economic experts have asserted that the essence of implementing e-commerce has been majorly driven by the fact that it entails reduced costs of operation: This occurs in the sense that it reduces costs associated with manual modes of operation specifically, inventory costs, employee management costs et cetera.