Development of E-business as a Result of Pandemic

In today's world, one of the most prominent sorts of business brought on by the pandemic has been the development of e-business. Many people choose to engage in this form of business since it is simple to access and much less complicated than other types of businesses to operate. In the context of business, e-business refers to conducting transactions over the internet and through electronic means. This is one of the most frequently seen businesses nowadays, particularly here in the Philippines, and it is gaining in popularity all the time.

So, what are the advantages and disadvantages of an E-business?

Numerous benefits can be gained by conducting business online includes:

·         Increased productivity,

·         Lower costs,

·         The ability to move more quickly,

·         Faster decision-making,

·         The ability to record financial transactions,

·         The ability to connect with customers through personalized messaging, and

·         The ability to have a global presence.

Some of the advantages of running an e-business may be implicitly advantageous, and this is only a limited list of the advantages of doing so.

Despite the fact that e-commerce is becoming increasingly popular, there are certain downsides to it.

·         Absence of a personal touch; consumers are unable to determine the quality of a product just on online photos, which may lead to disappointment.

·         Delivery time. refers to the distance between where a product has been delivered and where it is being shipped. Some shops are located in foreign countries and it can take weeks for the goods to arrive.

·         Security concerns. There have been numerous allegations of scams involving businesses, and it can be difficult to resolve this type of situation, particularly when the owner is unreachable or anonymous.

Which is better, putting up a branch in different country or engaging e-business internationally?

In the event that I had to choose between creating a branch in different countries and conducting e-business in different countries, I would choose the latter because it is less complicated than setting up a branch in different countries.

In order to begin, you must identify the place where the branch will be established. First and foremost, it is challenging to find suitable candidates, particularly for senior management roles. Third, as previously noted in connection with the prior claims, establishing a branch is a time-consuming and expensive endeavor. In order to operate the branch, you must cover all of the costs associated with it. These costs include taxes, utilities, salaries, bonuses, perks, and other expenses.

If I were to conduct e-business on a global scale, the only items I would take into consideration are the cost of delivery and any applicable taxes or tariffs on the products. Employee salaries as well as any other expenses are rigorously controlled within the confines of the company's operational budget. It is as a result of this that I choose to conduct international e-business rather than opening branches in other countries.