Entrepreneurship In Digital Marketplaces
May 8th 2007 07:52
The advent of e-commerce or electronic commerce has opened a whole new world for businessmen. Now, business owners are no longer asking whether they should go global or online; they are now asking how they can do both. These entrepreneurs want to know how they can trade with companies in China, in the United States or in Europe and are concerned about costs, security, competition, and about hitting the widest market possible. The web has also made it possible for small, home-based vendors to compete side by side with large multinational companies.
The business-to-business e-commerce revolution started from pure sell-side, to buy-side and today has evolved to what they termed as web 2.0 generation of digital marketplaces. The Net defines digital marketplaces or e-marketplaces as a means to provide "a common trading
hub, where multiple buyers and sellers can come together and conduct commerce without compromising individual processes and relationship among participants". Businesses and companies can communicate with many partners and suppliers over the internet. A typical electronic exchange is one where business register as sellers or buyers or both to conduct trading on the Internet, focus has shifted in recent years to value-added services that enhance transactions and business relationships, including gaining access to global markets and installing feedback mechanisms that allow for greater collaboration and faster workflows.
The figures have clearly indicated that e-commerce is booming, thanks to marketplaces that connect multiple buyers with multiple sellers.
The business-to-business e-commerce revolution started from pure sell-side, to buy-side and today has evolved to what they termed as web 2.0 generation of digital marketplaces. The Net defines digital marketplaces or e-marketplaces as a means to provide "a common trading
hub, where multiple buyers and sellers can come together and conduct commerce without compromising individual processes and relationship among participants". Businesses and companies can communicate with many partners and suppliers over the internet. A typical electronic exchange is one where business register as sellers or buyers or both to conduct trading on the Internet, focus has shifted in recent years to value-added services that enhance transactions and business relationships, including gaining access to global markets and installing feedback mechanisms that allow for greater collaboration and faster workflows.
The figures have clearly indicated that e-commerce is booming, thanks to marketplaces that connect multiple buyers with multiple sellers.
| 44 |
| Vote |
subscribe to this blog