Normal business to Digital firm.

Globalization is the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture. Today as we see the old traditions are advanced and developed in order to create a new business in and around a globe. A best example could be eBay.

eBay was started in California, now it has became a worldwide business. eBay has built an online person-to-person trading community on the Internet, using the World Wide Web. Buyers and sellers are brought together in a manner where sellers are permitted to list items for sale, buyers to bid on items of interest and all eBay users to browse through listed items in a fully automated way. The items are arranged by topics, where each type of auction has its own category.


                           

eBay has both streamlined and globalized traditional person-to-person trading, which has traditionally been conducted through such forms as garage sales, collectibles shows, flea markets and more, with their web interface. This facilitates easy exploration for buyers and enables the sellers to immediately list an item for sale within minutes of registering.

eBay notifies the buyer and seller via e-mail at the end of the auction if a bid exceeds the seller's minimum price, and the seller and buyer finish the transaction independently of eBay. The binding contract of the auction is between the winning bidder and the seller only.

We can well imagine a business was started from a scratch; now it became a global business. Even a person sitting other part of globe can order whatever they want and need. It’s all just because of modern and equipped technologies which helped the business to blossom. Hence it’s true that taking the organization or company on modern values and ways we can achieve better results in terms of advertisement, productions ,profit so on.

Core business processes are accomplished through digital networks spanning the entire organization or linking multiple organizations. E-business: use of digital technology and the Internet to execute the major business processes in the enterprise. E-commerce: part of e-business that deals with the buying and selling of goods and services over the Internet. According to the eMarketer (2010) “Online consumer sales grew to an estimated $225billion in 2010, 12% increase over 2009. Approximately 80Million households have broadband access to the Internet, around 63M use social network, 43M do online banking, and 38M watch an online video”. Each year millions of people are accessing e-commerce business. Hence it true that globalization has totally changed the normal business  to digital firm.

reference:

https://www.google.com.my/search?q=history+of+ebay&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a&um=1&ie=UTF-8&hl=en&tbm=isch&source=og&sa=N&tab=wi&ei=cpVFUa2TD8b-rAeWo4DIAw&biw=1360&bih=574&sei=dZVFUYHjAZGHrAeH-YH4DQ#imgrc=smrOUQ6HANdzaM%3A%3BIKZ-SE31CLwapM%3Bhttp%253A%252F%252Frealdealdirect.net%252Fwp-content%252Fuploads%252F2012%252F09%252FFeatured-Image_ebay_history.jpg%3Bhttp%253A%252F%252Frealdealdirect.net%252F%3B611%3B300

http://www.cs.brandeis.edu/~magnus/ief248a/eBay/history.html