Management Information System Research Paper Example | Topics and Well Written Essays - 750 words

Management Information System - Research Paper Example In this scenario, it can be said that electronic commerce encompasses a number of attributes and entities and it is not limited to only some entities such as the Internet, extranets, intranets, electronic data interchange (EDI), and various others. Some of the well-known instances of e-commerce comprise communications and collaboration with business associates and customers like that inventory management, transaction processing by means of electronic payment, customer self-service like that allowing them to track order status as well as researching problem resolution, and making use of a business intranet for omnipresent information sharing (Fruhling and Digman). Until recently e-commerce has transformed into a completely new form of business. Internet has changed the way people think and carry out their daily routines everyone simply wants to shop and order from their home using their personal computer, all with a single click. Moreover the latest tools and gadgets which are available online have also made life easier and interesting. Presently most businesses have shifted their focus towards utilizing internet for which they are also making use of internal private domestic intranet. Moreover some organizations are trying to formulate methods to protect business to business networks which are regarded as extranets. All this communication infrastructure and business to business network is recognized as electronic commerce. In short e-commerce deals with internal and external services such as purchasing and selling of products and handling payment matters digitally along with smooth execution of business operations and processes (Khurana, Goe l and Singh). For Organizations: Without a doubt, e-commerce eases the business activities for business organizations such as performing transactions and other associated processes. These improvements in business processes have a straight impact on