| E-commerce has been around for sufficient | | | | is very true also. But when we talk in |
| amount of time now and made its impact felt | | | | business terms we measure input in terms of |
| in the arena of international trade, import | | | | tangible things such as raw material etc but |
| export and global sourcing. Still if there | | | | intangible things like mental work, planning |
| are some of you around who aren't familiar or | | | | etc are not included hence the equation does |
| comfortable with the term or the technology | | | | not satisfy the normal physics laws. |
| behind it, this article is just the right | | | | |
| choice for you to read and dispel your | | | | However let's get back from the technical |
| ignorance for ever and ever. | | | | aspect of the equation of input and output |
| | | | and concentrate more on the differences of |
| It was stated nearly a decade ago that the | | | | traditional and e-commerce business |
| main concept of e-commerce is not about | | | | activities which include international trade, |
| bolting technology to business, rather | | | | import/export and global sourcing. Let us |
| utilizing technology to carry out processes | | | | take a simple example that in the traditional |
| related to trade which includes international | | | | business be it domestic or international |
| trade, import/export and global sourcing in a | | | | trade, import/export or global sourcing, the |
| slightly different manner, as compared to | | | | role of the travel agent is very important. |
| traditional methods of the same. | | | | But in the electronic world of e-commerce, |
| | | | all the roles played by the traditional |
| E-commerce most covers activities related to | | | | travel agent can be carried out by the |
| trade including international trade, import | | | | individual using websites and so forth. If |
| export and global sourcing across networks | | | | one wants to travel for the purpose of |
| using information technology. So basically it | | | | international trade, import/export or global |
| changes both the cultural and operational | | | | sourcing, he/she can do most of the task on |
| aspects of carrying out domestic trade, | | | | their own such as booking tickets using |
| international trade, import/export and global | | | | websites meant for the purpose. |
| sourcing. Although the end results of | | | | |
| carrying out these activities related to | | | | Thus we see that e-commerce and related |
| domestic and international trade, import | | | | technologies are changing the face of |
| export and global sourcing still remain the | | | | international trade, import/export and global |
| same, namely to earn profits by making sure | | | | sourcing and making these hitherto difficult |
| that output exceeds the input. Of course one | | | | activities within the reach of all and |
| might be tempted to say that output can never | | | | sundry. |
| exceed the input in scientific terms and this | | | | |