Success Factors Affecting the Spread of E-commerce Worldwide Research Paper

Success Factors Affecting the Spread of E-commerce Worldwide - Research Paper Example E-commerce involves different transactions that are business-to-business, business-to-customer, and customer-to-customer (B2B, B2C, and C2C respectively) (Khosrowpour, pp. 21-25, 2004). With all such transactions, e-commerce is â€Å"the sharing of business information, maintaining business relationships and conducting business transactions using computers interconnected by a telecommunication system† (Fingar et al, 22-26, 2000). In this regard, nowadays, business organizations are profoundly relying on the platform of e-commerce to carry out their business activities; however, some critical or key success factors are playing a crucial role in the spread and success of e-commerce globally that will be the major focus of this paper. However, before stepping into the discussion of success factors of e-commerce, it is very imperative to understand the basics of e-commerce, and this will be possible with a basic understanding of different transactions encompassing the arena of e-c ommerce. From this aspect, bookshop was the first form of B2C application in the e-commerce that involved internet as a platform to sell books that gave an opportunity to the book suppliers to avoid physical stockings of the books, and it gave added-value facility to the book lovers to browse and buy the books without walking up to the bookstores. Another example of B2C is railway reservation applications that have become a fundamental need of railway companies to sell their tickets on the internet. Besides B2C, E-Bay is the best example of C2C e-commerce that involves two stakeholders (buyer/seller); however, until now, C2C has been limited mostly to second-hand items, paintings, and antique items in which, two individuals carry out the buying and selling process with the help of a third party that facilitates the business activity. Last, but the most important form of e-commerce is B2B that constitutes the major share of e-commerce, and has been enjoying significant importance since the emergence of e-commerce globally.