SMEs must look to web-related applications to improve business THE Internet means that anyone with a laptop and modem can open a storefront and have access to a global marketplace. (http://www.erppandit.com/ERP-SMEs-and-ecommerce.html) The global nature of Internet has ensured that even the smallest business can take advantage of the unprecedented access to national and global markets. Some small businesses may face barriers to adopting e-commerce, including a lack of knowledge about the technology and its costs, insufficient information about the benefits of e-commerce and potentially applicable business models, a shortage of technically trained employees, complex and user-discouraging e-commerce implementation and the absence of unbiased, qualified assistance. However, by failing to participate in e-commerce, these companies are missing important opportunities for lowering costs, increasing productivity, expanding market access and improving relationships with customers and business partners alike. By not making the transition to this new way of doing business, small firms run a serious risk of becoming less competitive, affecting both their present market positions and long-term viability. As larger companies integrate e-commerce into their business, small firms run the risk of being excluded if they are unable to establish strong e-commerce ties with others in their supply chains. Every business now has the opportunity to take advantage of the Internet’s geographical reach and potential for profit. Thus, the Internet has made it possible for small and medium-sized enterprises (SMEs) to compete effectively with the larger organizations. The enabling potential of the Internet guarantees that SMEs are appropriately represented and active participants in the globalized marketplace. With the global reach of the Internet, e-commerce quickly connects buyers and sellers from around the world. Thus, in order for this global medium to flourish it is critical that the legal framework supporting commercial transactions on the Internet be governed by consistent principles across state, national and international borders. Efforts in this direction by many national and international bodies are helping in the exponential growth of e-commerce.

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