E‐commerce: managing the legal risks

Abstract

In tro duc tion E-Com merce plays an im por tant role in to day's busi ness en vi ron ment, and that role will con tinue to grow each year. eMarketer pre dicts that by "2004, world wide e-com merce rev enues are ex pected to to tal USD 2.7 tril lion. 1 " E-com merce con tin ues to grow in the United States. "The Cen sus Bu reau of the De part ment of Com merce an nounced to day that the es timate of U.S. re tail e-com merce sales for the first quar ter of 2004, not ad justed for sea sonal, hol i day, and trad ing-day dif fer ences, was $15.5 bil lion, an in crease of 28.1 per cent (±2.9%) from the first quar ter of 2003. 2 " "Ac cord ing to a new study by RoperASW and AOL Time Warner, Eu ro pe ans spent on av er age EUR430 on line be tween Au gust and Oc to ber 2002." This com pares with an av er age spend of EUR543 per head in the US over the same pe riod. 3 One of the stra te gic im pera tives for an or gani za tion is to seek new mar kets. As a domes tic mar ket ma tures, it is in creas ingly dif fi cult to gen er ate high reve nue and profit growth. It is a natu ral ex ten sion that e-commerce then has be come one of the ma jor methods that busi nesses use to ex pand their mar kets and sell prod ucts and serv ices around the world. This pa per will ad dress the prob lem that by en gag ing in e-commerce a busi ness person faces un known le gal risks due to the lack of a com pre hen sive and uni form set of le gal rules that ap ply. Af ter ad dress ing each of the le gal is sues there will be an at tempt to pro vide pro phy lac tic de vices that a busi ness per son may use to re duce some of those le gal risks. These pro phy lac tics will not pro vide one hun dred per cent pro tec tion from the un pre dictable le gal en vi ron ment of cy ber space, but their use will re duce and con trol some of the risk.

Modelling of risk factors for defence aircraft industry using interpretive structural modelling, interpretive ranking process and system dynamics

“…Table I depicts that more external risk factors impacting more than internal factors. Raju et al (2012) illustrated the performance measurement variables are intended for use by aircraft industry supervisors for instituting process improvements for achieving best flight and maintenance safety records, improve operational availability of the aircraft and reduce costs: The USA Reinsch (2005) In order to know if the company is reaching its organizational goals, performance metrics are used to trend and track performance. Every successful firm measures its maintenance performance in order to remain both competitive environment and cost effective (Taaffe et al, 2014) Performance measures are the parameters on which the comparison of other parameters is based upon Yu et al (2007).…”

The State of E-Compliance Among U.S. Retailers

“…Risks include the uncertainty of governance by both domestic and nondomestic authorities. Reinsch (2005) speaks to the risk issue by suggesting that "the legal environment should be a major concern of any business because the legal environment of cyberspace is an unknown cost that will only be 'known' when that business person gets sued. "…”