E-business in Latvia
Ebusiness is sometimes thought to be “the future of all business”, avoiding such extremes we can surely say, that it has and it will have growing impact on how business is done. Although the internet technology that is behind eBusiness concept has no national borders and the online business if famous for its global character, I would like to introduce the main points of eBusiness development in Latvia, by which I mean eBusiness conducted by companies registered in Latvia and the use of it by Latvian consumers.
First, let me introduce the basic terms of eBusiness. EBusiness itself is understood to be “any information system or application that empowers business processes. Today this is mostly done with web technologies.Ebusiness includes: 1)internal business systems; 2)enterprise communication and collaboration; 3) electronic commerce.”1 In this essay I will concentrate on the third component of eBusiness- electronic commerce. By electronic commerce I understand “buying, selling, marketing, and servicing of products or services over computer networks.”2 The computer network that this definition refers to is usually world wide web or other internet based technology.
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