Larry Irving Electronic commerce can provide enormous benefits to both large and small entities. Small firms will be able to enter and participate in markets at less cost and with more efficiency. Large firms will be able to evaluate, select, and work with other companies more readily than is possible today. Electronic commerce will lead to new ways of doing business and new forms of economic activity, including telecommuting, worldwide research networks, global sourcing arrangements, large-scale development and sharing of databases, and new training and education capabilities. Increasingly, it enables people to work from their homes and live wherever they choose while still being able to access a wide array of goods and services at affordable prices.
Electronic commerce creates an open marketplace with increased competition.
It provides for better quality and greater variety of goods and services. It creates the ability to produce goods tailored to the specific needs of the customer. Ultimately, it is a revolution not unlike the preceeding revolutions that transformed society. Secretary of State Bill Jones EC will have an enormous impact on the global marketplace as small businesses now gain access to the markets that have traditionally been dominated by huge multinational corporations. Businesses now have to be concerned, not just about their competitors down the street, but also about their competitor around the world.