A Review of How to Improve E-Commerce Term Paper

A Review of How to Improve E-Commerce - Term Paper Example It has become remarkably easy for people to hack and conduct crimes with the use of technology. Cybercrimes are exceedingly rampant in modern times since everyone is computer savvy and everything is done through the internet. Site security is responsible for making it possible for people, or organizations to conduct business. This paper will review the manner in which it can be made possible. This is through security measures that are put in place to ensure customer data confidentiality. E-commerce is the exchange of goods, services, and products over the internet. This exchange can only be made possible if the internet site that makes this exchange possible is safe (Margherita, 2005). A secure system is ready to make these transactions possible and accomplish them without any side effects. Security is all about the confidentiality, the availability, and integrity of the system (Ghosh, 2001). If these threes aspects are not met, then it is clear that the site security intended to off er security is not dependable. For the audit, helping people understand that people, or organizations value their confidentiality is the most crucial factor. Confidentiality means that whatever happens between the service provider and the clients get whatever they want without having the network oversee what happens between their deals. They cannot, therefore, interfere with the conducting of business. It would be considered a breach of privacy, which is considered a breach in confidentiality (Ghosh, 2001). The other most notable thing is integrity. It is imperative for the sites providing these services to be honest. They are supposed to give the services to clients as they were provided by the service provider. If the services being delivered were to arrive any different from how they were intended, the site’s security would be deemed as incompetent. This means that everyone will be scared of doing business in the way they usually do business. Integrity is the factor that c reates trust among the people or organizations doing online business (Ghosh, 2001). The availability of site security is also something worth noting. It is the availability of security that enables the transactions to be possible. Without them, these transactions would be impossible as crimes would be on the rise. This is since the security systems can be penetrated by anyone with exceptional computer skills and intellect. The site security can impact the conducting of business online with such availability. It can be positive and/or negative. These three aspects are appropriate in the way, and manner that site security can impact the growth and development of e-commerce (Ghosh, 2001). To ensure that the confidential nature of the business is maintained, site security could make some changes to the security systems available. Some of these changes and modifications are aimed at making the clientele feel much safer while conducting some of their businesses. Security features are upgr aded for the complete protection of the customers. These features include; authentication, authorization, and encryption (Smith, 2004). They all lead to the protection of the customers hoping to use the internet to conduct business. Authentication ensures that customers are who they say they are. This is particularly crucial in the site’s security measures to curb the infiltration of customer data. Once this is done, it is extremely easy for customers to access their businesses through the

Multi National Corporations (MNCs) must Carefully Weigh their Options Research Paper

Multi National Corporations (MNCs) must Carefully Weigh their Options in Deciding on an International Expansion Strategy - Research Paper Example For this reason, it is also referred as international group. The prime objective of a multinational enterprise is to expand the actions of the business outside the national boundaries in order to enhance its brand equity as well as its corporate image in global perspective. It also helps in augmentation of efficiency along with profitability of the organization. Hence, in order to fulfill these factors, the multinational organizations always aim to undergo international expansion strategies. Besides, in order to undertake internal expansion strategies, the multinational organizations must also consider certain financial factors as well, such as foreign exchange rate, conflicting interest rates from one country to the other, foreign tax rates, complex accounting methods for the foreign operators and foreign government interventions. Various Financial Factors In this era of globalization, the key motive of any organization is to expand its business operations in order to reduce the ris ks of the company and to augment its market potentials. In order to accomplish these objectives, foreign exchange rate offers significant influence over the organizational operations. Foreign exchange rate is referred to the rate at which the value of the currency of a specific country is transformed into another (Moles, Parrino, & Kidwell, 2011). It is also known as exchange rate or currency exchange rate. The value of the exchange rate is mainly depended on the local demand of the foreign currencies along with the local delivery of the products to other countries. Thus, it helps in easing the operations of trade among diverse countries. Hence, it can be affirmed that foreign exchange rate facilitates a multinational corporations to engage in international trade thereby reducing its business risks. This is because it offers a detailed view about the currency quotation along with market demand of a particular international country (Federal Reserve Bank of New York, n.d.). Besides, f oreign exchange rate might affect the business operations in case of inflation by lowering its profit margins. Similarly, differing or conflicting interest rates of diverse countries should also be considered by the multinational companies while deciding for international expansion. The interest rates can be referred to the amount charged or paid by a borrower for the utilization of the money. It may vary from one country to the other due to varied reasons namely inflation, political changes, deferred consumption rates and risks of investments among others. Due to inflationary prospects, the demand of the products may reduce thereby lowering the profit margin of the international organizations (Hill & Jain, 2009). Political alterations also result in changes in the interest rates of the countries thereby hampering the trade conditions, which is extremely beneficial for any MNC. Alteration in the interest rate lowers the rate of consumption of products, which increases the risks of i nvestments (Federal Reserve Bank of New York, n.d.). Thus, due to these above described factors, the interest rate differs widely from one country to the other and also offers significant impact on the business transactions of the MNCs as well. Hence, it should be considered by an MNC while deciding for international expansion. Apart from the above stated factors, the other important factor, which also influences the international exp