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E-Business We Have Experienced Financial Market Meltdown Research Paper

… E-Business

We have experienced financial market meltdown and global banking crisis. Why is e-commerce important in these difficult economic times?

There are many positive aspects of e-commerce that lessen the shock of economic turbulence and uncertainty. The financial market meltdown and global banking crisis could have been worse without the efficiency, security and high level of auditability all attributable to e-commerce system development and ongoing use (Dehning, Richardson, Urbaczewski, Wells, 2004). E-commerce is critical during these uncertain, turbulent and economically challenging times due to the level of trust that they sustain and grow despite these economic downturns (Gokmen, 2012). Finally e-commerce systems have over time also created a more unified transaction and credit reporting network as well. All of these factors have combined to make…. [read more]

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