Assignment # 1
Essay: Problems Regarding Implementation of E commerce in Pakistan The buying and selling of products and services by businesses and consumers through an electronic medium, without using any paper documents. E-commerce is widely considered the buying and selling of products over the internet, but any transaction that is completed solely through electronic measures can be considered e-commerce. E-commerce is subdivided into three categories: business to business or B2B (Cisco), business to consumer or B2C (Amazon), and consumer to consumer or C2C (eBay). Also called electronic commerce.
Although e-commerce is a very bright and promising approach but it still has certain constraints that makes its implementation difficult in Pakistan. Pakistan needs to develop an e-commerce policy and formulate strategies to integrate itself with global economy, as it is still lagging far behind the other countries. Pakistan is widely considered to be in the Third Wave of developing economies. Pakistan started to adopt the Internet from around 1993.It have a state monopoly over the telecommunications sector with low tele densities per population and very high telecom costs, which restrict Internet access to elitist groups in the population. Less than 2 percent of the population is connected to the Internet. We have weak political and democratic institutions where the governments welcome new commercial opportunities, yet at the same time they feel threatened (ibid.) As the importance of e-commerce intensifies, it is also exposed to a variety of threats. While it promises decreasing transaction costs, raising efficiency, and hence increasing the overall wealth, it may also impose adjustments on existing economic structures in developing countries like Pakistan. For example, it may well result in a loss of employment in traditional distribution and retailing. Besides, systems and data are increasingly exposed to a variety of threats, such as unauthorized access and use, misappropriation, alteration, and destruction. There is also the possibility of concealing data related to illegal activities, which may raise a number of law enforcement issues for the government. Moreover, it facilitates fraud and makes prosecution difficult. It's easy to describe e-commerce and the benefits resulting from its implementation. It's not so easy to develop and deploy e-commerce systems. Companies have faced significant hurdles in these efforts: Cost: E-commerce requires sophisticated, distributed systems based on new technologies that can touch many of a company's core business processes. As with all major business systems, e-commerce systems require significant investments in hardware, software, staffing, and training. Businesses need comprehensive solutions that are easy to use and thus help enable cost-effective deployment. Value: Businesses want to know that their investments in e-commerce systems will produce a return. They deploy e-commerce systems to achieve business objectives such as lead generation, business process automation, and cost reduction. They want to ensure that these objectives are met. Businesses also need flexible solutions so that they can easily adapt a system to meet changing business conditions. Security: Because the Internet provides almost universal access, a company's assets must be protected against misuse, whether accidental or malicious. At the same time, that protection should not compromise a site's usability or performance nor make its development too complex. There is an additional security issue: Because e-commerce systems enable the collection and usage of sensitive information about individual customers, companies also need to protect the privacy of their customers. Existing Systems: Companies need to be able to harness the functionality of existing applications into e-commerce systems. Most companies new to e-commerce already use...