Online Business and E-Commerce Services in Libya as a developing Literature review

Online Business and E-Commerce Services in Libya as a developing country - Literature review ExampleBefore E-Commerce can be adopted on a wide scale, however, there are many obstacles to be overcome. This chapter reviews the literature in enclosures of issues to be considered when planning the expansion of online business and e-commerce services in a developing country. The introductory section looks at definitions of e-commerce and theories as they apply to developing countries. Section 2.2. is wide-ranging and covers a selection of the large number of empirical studies conducted in different developing countries across the world. After this (Section 2.3) there is a consideration of previous proceeding done on the readiness of society to accept and use e-commerce within developing countries with Arabic wrangle and culture. Finally the literature on e-commerce potential in Libya is reviewed, including any specific challenges facing this particular context. The term e-commerce emer ged in the late twentieth century with the increasing use of computers in everyday life. It can be defined very simply as goods and services transacted over Internet (Purohit and Purohit, 2005, p. 8) A more elevated definition is the following the sharing of business information, maintaining business relationships and conducting business transactions through telecommunications networks (Zwass, 1996 and 2003, p. 8) This definition emphasises the immensity of all the links in the chain from supplier to business and to customer. Zwass is keen to point out that it is non simply a matter of customers and businesses being linked through the World Wide Web by means of computers, but in fact it is a phenomenon that requires radically different organisational developments behind the scenes, involving both telecommunications and computers The nigh important of these are interorganizational information systems, standards for exchanging business documents, such as electronic data interchang e (EDI), distributed database direction systems, and collaboration technology. (Zwass, 2003, p. 9) All of these dimensions are widely available in the developed world, and research in up them, increasing innovation and leveraging more efficiency and profits from their use is continuing at a fast pace. Current interest in newer technologies such as digital signatures is growing but their returns in developing countries is questionable, since most transactions there depend on longstanding union to company relationships and there is a reluctance to enter into B2b relationships with people who are non familiar. (Humphrey et al, 2003, p. i) The phenomenal success of massive global retailers such as eBay and Amazon cast demonstrated the value in creating flexible mart places, with standard pricing, auctions and customer participation in both buying and selling as part of the hale business culture. One meta-analysis of articles on the adoption of online shopping cited the dot com bu bble and the sudden crisis that occurred there as a reason why the early promise of huge growth in online business did not quite occur in the way that was originally predicted. (Chang et al., 2004) but all the signs are that these teething problems have been dealt with, and E-Commerce is