Business model When organizations go online, they have to decide which e-business models best suit their goals. The concept of e-business model is the same but used in the online presence.
This substitution is increasingly phenomenal today where more and more applications are used to eventually turn the Internet as a virtual business sphere. Nevertheless this initiative is more technologically advanced rather that its other aspects. If the traditional trading activities are already well equipped with traditional sets of laws and regulatory frameworks, its new electronic environment is not the same.
In an electronic business environment, a good law is supposed to provide a conducive framework in which the compliance would eventually serve as facilitator instead of barrier to the business Lallana, Thus, the first and utmost function of the law here is to legitimize the use of electronic tools and methods for the purpose of contract and commercial transactions.
Furthermore, there are general principles that ought to be considered by the policymakers and lawgivers in this country in respect with the law of electronic commerce, which include: One of the important pillars of an e-business legal framework is the preservation of national interest.
It follows that all legal and regulatory frameworks to be put for facilitating the e-business would have to observe the objectives of national comprehensive development program, be it economic, educational, social, cultural and political goals.
Thus any measures of adopting principles of any international or foreign laws and practices shall not contradict this first requirement. Another crucial work to do in providing e-business laws is that they need to ensure a harmonious framework within the existing national legal system and in accordance with current international initiatives and expectation, given the borderless nature of the e-business The United Nations, Thus, the e-business legal framework should not undermine the existing legal and regulatory framework on commercial activities such as existing laws on contracts, sales of goods, banking, and property as well as consumer protection.
Unless this principle is given sufficient care, we would only end up having clashing laws and therefore obsolete and inapplicable.
While keeping the harmony of national legal system is very important task yet not an easy one, the policymakers should also bear in mind the current initiatives of the international community which reflect their expectation when it comes to trans-border electronic commercial trades.
This approach is imminent because e-commerce and Internet are both global and trans-border.
Constructive adoption and comparison needs to be looked at, either from international legal instruments or other foreign jurisdictions. This international community may be represented in the UNCITRAL who had come up with a series of model laws such as e-commerce model law and e-signature model law.
These model laws, amid their non-binding nature, provide very useful guidelines of certain benchmark acceptable by international community. It is noteworthy that the international regulatory framework has experienced its fastest change lately especially due to the increasing worry over global terrorism and dramatic increase of trans-border cybercrime.
Apart from the above principles, any initiative to lay down the legal and regulatory framework on e-business should always remember that the aim of such law is to facilitate the business and encourage the industry and technology developers, not to slow down them.
Technology is by nature insensitive about laws and rules.
Thus law is needed to keep the technology in track, benefiting everybody not only the industry but also the consumers at large. Therefore no one should be ever sacrificed for the sake of another.
This is another balance that has to be taken care of.Finally, they trace the progress public sector organizations have made in adopting e-Business practice.
This is an accessible, jargon-free and focused textbook that offers readers both a technical and managerial overview of the issues surrounding e-Business. Online Business or e-business is any kind of business or commercial transaction that includes sharing information across the internet.
Commerce constitutes the exchange of products and services between businesses, groups and individuals and can be seen as one of the essential activities of any business.
In business and economics, fundamentals represent the basic qualities and reported information needed to analyze the health and stability of the business or asset in question. Main menu.
Fundamentals of e-Business Planning Most lessons in this e-Business Plan Tutorial are about how to write an e-business plan. This lesson is different -- in this lesson you will learn what is a business plan and why do business planning. Fundamentals of e-Business Planning. Most lessons in this e-Business Plan Tutorial are about how to write an e-business plan. This lesson is different -- in this lesson you will learn what is a business plan and why do business planning. Other topics include a definition of a business case and how does an e-business plan differ from a traditional, "non e-business" plan. Finally, they trace the progress public sector organizations have made in adopting e-Business practice. This is an accessible, jargon-free and focused textbook that offers readers both a technical and managerial overview of the issues surrounding e-Business.
Displaying Fundamental-Of-E-Business pdf. The e-commerce business based in a foreign country has its own laws and regulations, but as their website is accessible all over the world, they must also follow the laws and regulations of the country of which the consumer is purchasing from. BUS Fundamentals of e -Business ASSN 1:Starting a business online part 1 By Minh Thai Professor: William Simonpietri Date: 1/2/ Business as of today has become more competitive and more sophisticated than ever before.