Title: E-COMMENCE AND GLOBALIZATION OF ENTREPRENEURSHIP
Abstract: NFORMATION Technology is an enabling technology. It is well known that companies that have become competitive globally had some driving force behind their corporate growth. Globalisation is not a new concept. For example in the early 70’s, every American company, if it was any good would strive for being multinational while in the 80’s, globalsation was a buzzword that launched a thousand strategies. In 1990's we find that a new term transnational organisations became popular to set up their production facilities around the world. Recently, however, due to the advancements in the information and communication technology a new form of globalisation is emerging and that concept is of ‘Virtual global organisation’. One technology that in particular has played an important role in the new virtual global organisational concept is the Internet Technology. The world has realized that virtual business is a revolution in the making. It is creating new business opportunities and challenges. Electronic Commerce is spreading and may be in the next five years, people shall be using the net for shopping their daily needs. Spread of E-commerce shall be directly related to growth of INTERNET in the country. Internet continues to be the fastest growing medium in the country. According to Indian Readership Survey, 1999, as on June 30th, 1999, there were 1.5 million Internet users in the country. In the same survey, it has been ascertained that in the 10 lakh plus populated towns there were 1,144,000 internet users, 1,58,000 internet users in 5-10 lakh population towns and 2,25,000 Internet users is below 5 lakh population towns. Just 2 years back this figure was abysmally low. As the internet grows in proliferation, E-commerce shall be on the rise in India too. There were 4.5 million global internet users in year 1991 and estimates suggest that shall be as many as 300 million or more by the turn of this century. The growth of Internet is linked to the number of telephone subscribers the world over. The number of telephone lines and cellular phone subscribers combined reached 900 million in the year 1996. It is estimated by International Telecommunication Union that main telephone lines are expected to be around 1 billion, Personal Computers 450 million and Internet host 110 million world wide by year 2001. These figures are however a conservative estimate. The telephone density has almost doubled in our country during the last 4 years (Saxena, 1999).
Publication Year: 2000
Publication Date: 2000-01-01
Language: en
Type: article
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot