Introduction to E-commerce for Small and Home-based Business Michael Wilcox Assistant Professor Department of Agricultural Economics University of Tennessee p: 865-974-3344 f: 865-974-0440 e: [email protected] h: http://trend.ag.utk.edu/entrepreneurship By RANDALL STROSS
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Introduction to E-commerce
for Small and Home-based Business
Department of Agricultural Economics
University of Tennessee
By RANDALL STROSS
Published: January 13, 2008
“MARKUS FRIND, a 29-year-old Web entrepreneur, has developed software for his online dating site, Plenty of Fish, that operates almost completely on autopilot, leaving Mr. Frind plenty of free time. On average, he puts in about a 10-hour workweek.
For anyone inclined to daydream about a Web business that would all but run itself, two other details may be of interest: Mr. Frind operates the business out of his apartment in Vancouver, British Columbia, and he says he has net profits of about $10 million a year.”
(1) Electronic Commerce (e-Commerce) as defined by the U.S. Census Bureau.
Any transaction completed over a computer-mediated network that transfers ownership of, or rights to use, goods or services. The value of goods and services sold on-line. The term “on-line” includes the use of the Internet, Intranet, and Extranet, as well as proprietary information that runs over systems such as Electronic Data Interchanges (EDI) networks.
(2) Electronic business supporting infrastructure
The economic infrastructure that is used to support electronic business processes and conduct electronic commerce transactions. It includes hardware, software, telecommunication networks, support services, and human capital used in electronic business and commerce.
(3) Electronic business processes
Processes that a business organization conducts over a computer-mediated network. Business organizations include any for-profit, governmental, or nonprofit entity. Examples of on-line e-business processes include the following:
* Vendor-managed inventory
* Production management
* Communication and Support Services such as on-line training and recruiting
…while consumers live primarily in metropolitan and micropolitan areas
For the Artisans in the crowd:
< http://srdc.msstate.edu/ecommerce/grants/texas/index.html >
Source: Barkley & Lamie, 2007
(Marshall, et. al. , 2007)
( http://www.irs.gov/businesses/small/article/0,,id=106515,00.html )