E-Commerce in Entrepreneurship Essay

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Updated: Mar 7th, 2024

Introduction

Globalization is taking place at a steady pace and with the rise of large entrepreneurship major outsourcing deals are being made around the world. The rising inflation and vulnerable economy have made it essential for corporate to make widespread interactions, save wages, and make their businesses flow along cost-effectively (“The Future of Outsourcing”, 2006).

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Entrepreneurs now seek ways to bring up their dying businesses, by off-shoring their deals, going widespread to other countries with innovations. More can be gained this way, and profits are earned, no matter how difficult the situation may seem, with a network of people to handle.

Main body

All companies in the US are virtually outsourcing their businesses. They speak of the benefits attained by spreading to other parts of the globe and boast of having to spend little amounts for the good relationships they develop with other nations (“The Future of Outsourcing”, 2006).

Despite the current economic downfall, people are still willing to remain determined about the revenues being gained from global outsourcing (Business Outsourcing Firms See Growth, 2008).

Businesses require a large number of interactions and activities to flourish. The major corporate of the world is trying to attain the best from their clients abroad. Certain activities can be exercised from within the headquarters of the enterprise, especially those which do not require innovations.

Those actions that require a new and variety of ideas can be given to other nations to do, to get innovative ideas and more productive results on consumer attraction. Large organizations like Amazon and eBay are carrying out online deals, providing services worldwide.

All dealings which can be made online for marketing goods to other nations should be done so, as many consumers opt for online shopping and other such interactions. The actions that require immediate personal attention and correspondence can be taken up by the company, and those that can be carried out based on other people’s resources can be given out to an outsourcing unit.

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As the figure shows the company must opt to find a good local hosting company like Godaddy, Hostmonster, Hostgator, etc. Asian and other developing countries have less energy and electric supply to provide round-the-clock hosting services. Hosting service must be remarkable as the company’s website must not be down. However, the company must opt for outsourcing web development services abroad. The reason is that India, Pakistan, and China have giant and excellent web development services at a minimal cost. As compared to the USA where programmers and web developers usually charge 1500 USD to 7000 USD per E-commerce website depending upon the features and requirements. While outsourcing the same project to India or Pakistan we can bring down the cost to ½ or even 1/3rd of the original cost.

The implementation of an e-commerce web store would prove extremely beneficial, as even in times of economic hurdles like the present ones being faced the world over, a short-term deceleration in growth rates would occur, but would then rise again with the pace gain of economic activities.

Internet technologies are helping out the spreading of businesses. The business stakeholders are all dependent upon the net and are flourishing through the collaboration they have achieved by outsourcing. Outsourcing to any part of the world will prove to gain substantial profits always.

References

Business outsourcing firms see growth. Web.

The Future Of Outsourcing (2006). Web.

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IvyPanda. (2024, March 7). E-Commerce in Entrepreneurship. https://ivypanda.com/essays/e-commerce-in-entrepreneurship/

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"E-Commerce in Entrepreneurship." IvyPanda, 7 Mar. 2024, ivypanda.com/essays/e-commerce-in-entrepreneurship/.

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IvyPanda. (2024) 'E-Commerce in Entrepreneurship'. 7 March.

References

IvyPanda. 2024. "E-Commerce in Entrepreneurship." March 7, 2024. https://ivypanda.com/essays/e-commerce-in-entrepreneurship/.

1. IvyPanda. "E-Commerce in Entrepreneurship." March 7, 2024. https://ivypanda.com/essays/e-commerce-in-entrepreneurship/.


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IvyPanda. "E-Commerce in Entrepreneurship." March 7, 2024. https://ivypanda.com/essays/e-commerce-in-entrepreneurship/.

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