Electronic Commerce Research Paper Example | Topics and Well Written Essays - 1250 words

Electronic Commerce - Research Paper Example It is evidently clear from the discussion that the dawn of the World Wide Web has led to many innovations; one of them is on the new ways of transacting business. Electronic commerce has enabled an easy and efficient platform for the transaction of business among various stakeholders using the internet. The ubiquitous nature of electronic commerce allows companies and consumers the ability to transact anywhere and anytime. Electronic commerce can be seen to have rewritten the traditional mode of transacting, which is the business to business model and ushered in an era where multiple parties can transact without having to physically engage with each other. This paper will explore the cost and benefits to firms and consumers, together with job creation brought by this form of medium. The paper will also highlight challenges in infrastructure, privacy concern, and legal framework that electronic commerce faces. Businesses main objective is to grow in size and increase profit margins. O ne of the ways electronic commerce has assisted businesses to achieve this is by allowing them to save on costs by linking them directly with their customers thereby eliminating the need for intermediaries. The net effect of this cost-saving measure is the improved bottom line that companies will be enjoying. Businesses may choose to reduce prices for shoppers who employ this medium in order to attract more consumers consequently growing their revenue. Electronic commerce also enables businesses to move into the cyber world by establishing cyber stores which are cheaper to establish than physical shops.

Value that Merck Places on Employee and Diversity Essay

Value that Merck Places on Employee and Diversity - Essay Example Besides, Merck & Co. has created a culture that appreciates collective power and differences that come from having a diverse workforce. It offers more opportunities for employees to grow both personally and professionally at the workplace and in the community at large. Finally, it has taken a global approach to diversify the company by creating three major resources: Global Diversity and Inclusion Centre, Employee Business Resource Groups and Employee Resource Groups. In 2003, the workforce demographics were low as compared to the current situation. The various areas of profession included officials, sales marketers, technicians, clerical, craft workers, operators, laborers, service workers among others. The minorities relatively occupy a significant percentage in the managerial positions compared to other groups. For instance, their demographic composition in the administrative post was 18 percent compared to 36.5 percent of the women. Men had the higher workforce. The total workforce percentage among minority groups was 21.2 percent, and the females were 50.3 percent. However, there was diversity in the workforce (Merck & Co., 2014). Considering the U.S demographics, America is less diverse. There is the high level of discrimination in the workforce and the minority groups are often harassed. The number of aged employees is high due to the low birth rate. Craft workers are mainly minority groups compared to the whites who occupy the managerial positions.  Ã‚