A Comprehensive study on E-Commerce Models: Merits, Demerits and Future Scope

The use of e-commerce technologies is now almost essential in any commercial/business or industry/ institution. The rapid growth in e-commerce gradually leading the industries to adopt an e-business. The “e-business” is a relatively new concept but still there already exists a substantial base of experience in designing and implementing e-business initiatives and measuring their impact. The firms seek to go beyond the initial and often imitated online store examples to the less obvious areas of their business that could be transformed with e-business technologies; there is a need for benchmarking the existing base of e-business experiences. The failures of implementation of e-commerce and e-business prescribes that more research work should be taken in implementing such ventures. However, there is a little research work done in this direction. In the present work the authors highlight and overview of business models along with their importance, challenges and strategies. The authors also considered the existing frameworks and models of both e-commerce and e-business in various aspects and tried to find out some deficiencies from those along with their relevancies of applicability. The present paper aims to highlight existing e-Business models and the strategies with some building blocks, some existing e-business frameworks, some identified deficiencies and finally the conclusion and some new findings.