Abstract -- Electronic Commerce means many things to many people. But at its core, electronic
commerce, electronic market place, or Internet Commerce – refers to an economic systems where firms
and consumers are aided by computers and networking technologies that enable an entirely new market.
E-commerce includes Business to Consumer (B-to-C) and business–to-business (B-to-B) markets. EBusiness
is e-commerce and all other business processes that are or can be leveraged by web
technology that may include processes in Supply Chain management, and Customer Relationship
Management. According to Andy Grove, Intel's chairman and co-founder, “The world now runs on
Internet time. Don't waste time if you want to keep pace. Act now to `e'". The Forrester Research
estimates that the business-to-business marketplace will exceed more than 2.7 trillion by 2004. This
paper describes themes of New Economy and critical practices for e-business success, risks and
obstacles to overcome.
Introduction