Transition to E-commerce in India

Challenges to Indian corporate

 Awareness,16%  Infrastructure and access  Human capacity and skills  Legal and regulatory framework  Financial institutes  Internal resistance(cultural changes, not many are prepared)

External driving factors

 Sheer necessity  Global market  Value for money  No-entries barriers

Need of Act 2000

 For legal recognition transaction carried out by means of electronic data interchange and other means of electronic communication  For electronic filling of documents ,with govt. agencies  For delivering govt. services by means of reliable electronic records

Overview of ACT-2000

 Electronic contracts will be legally valid  Legal recognition of digital signature  DS to be effected by use of asymmetric crypto system and hash function  Security procedure for ER & DS  Appointment of certifying authorities and controller of CA.

 CA should get license to issue digital signature certificate

 Various types of computer crime defined and penalties are decided  Appointment of Adjudicating Officer  Establishment of cyber appellate Tribunal  Appeal from Adjudicating Officer to cyber appellate Tribunal not to civil court  Appeal from cyber appellate Tribunal to high court  Act to apply offences committed outside India  NSP not to be liable in certain areas  Power of police officers to enter into any public place and search and arrest without warrant

IT Act enables

 Legal recognition to electronic record  Facilitate electronic communication by means of electronic record  Acceptance of contract expressed by electronic mean  Facilitate e-commerce and EDI  Facilitate electronic filing of documents  Retention of documents in electronic form  Prevent computer crime, forged electronic record falsification in e-commerce and electronic transaction

Positive aspects for corporate sector  E-mail will now be valid and legal form(memos)  E-commerce using legal infrastructure  Able to use DS  Entry of corporate in the business of being CA  2001-2002,4% ,hike in online shopping  2001-2002,13%-16%, Internet user  Cost- effective, time saving and profitable solution  Push for e-commerce adoption  Started using EDI & E-SCM

Modern trends in E-business

 E-business process Information sharing Order payment Fulfillment Service Support

Modern trends in E-business

 Need  Security  Infrastructure  Digital cash  Online catalogs  EDI  E-mail  Institution

E-strategy

Market Technology Integrated E strategy Brand Service

Dimensions of E-strategy

Leadership Technology Service Infrastruct ure Market Brand Organizati onal

The commerce value chain

Attract(Adver.) Interact(Catal.

sale) Act(Order capture) React(Cust. service)

Planning the E-commerce project  Identifying the initiative’s objective  Linking Objective to business strategy  Managing business strategy  Continuing operation of the initiative