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Intro + Prospects

this is the intro and prospects for the subject PE

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6 views

Intro + Prospects

this is the intro and prospects for the subject PE

Uploaded by

dung.bt-k28a1
Copyright
© © All Rights Reserved
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Topic: How has e-business impacted society and what are its prospects?

The economy is one of the world's most influential industries that has rapidly
developed in recent decades. With the population explosion and the international
Economic Integration of developing nations, the demand for the living of human
beings has increased, hence putting a press on enterprises not only in terms of
ensuring the amount of supplies or producing qualified goods for their customers
but also finding new measures to increase their sales to survive in the competitive
trading market. Across industries, firms have adopted e-business initiatives to
better manage their internal business processes as well as their interfaces with the
environment (Wu, F., Mahajan, V. & Balasubramanian, S., 2003). As a result,
Electronic Business (e-business) was popularly used as a supporter for those
companies in their business work. E-business can be defined as the use of the
Internet to network and empower business processes, electronic commerce,
organizational communication, and collaboration within a company and with its
customers, suppliers, and other stakeholders (Combe, 2012). In recent years,
especially after the COVID-19 pandemic, according to a survey conducted by the
World Bank (Mundial 2021), 34% of companies increased the use of social
networks, the Internet, and digital platforms, this means the popularity of e-
business is getting bigger and bigger. Therefore, E-business is argued to have
tremendous impacts on society, especially on the customers and companies
themselves, and is predicted to continuously involve and attain an absolute priority
over other business operating concepts.
PROSPECTS:

The prospects for e-business have been predicted based on its current situation.
The development of information technology, especially the widespread adoption of
the internet and smartphones, has become a new engine to propel economic growth
and social improvement in the developing world (Li and Piachaud, 2019). E-
business, owing to this unstoppable development of technology, would be able to
get access to other remote areas and enlarge its coverage of the world. . Ali
Research, 2018 reports that with the support of Alibaba group and the development
of the logistics and express delivery industry in China, the number of Taobao
villages has increased exponentially in recent years, from 212 in 2014 to 3,202 in
2018. There is other research that helps to prove the rapid spread of e-business.
based on the United Nations Conference on Trade and Development (UNCTAD)
estimates (UNCTAD 2019), e-commerce volume as a whole amounted to 29
trillion USD in 2017. This would grow with the spread of the Internet and
information and communications technologies (ICTs), which have room for further
dissemination (Karine HAJI, 2021). In 2018, the share of e-commerce in global
retail sales had reached 12.2%. In 2019, e-commerce comprised 14.1% of global
merchandise trade. This share is forecasted to rise to 22% by 2023 (Lipsmane
2019). With the aforementioned evidence, It is reasonable to make a prediction that
e-business will dominate the economic industry and be the first priority of
companies when it comes to choosing the business operating concept.

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