IMPACT OF E-COMMERCE

ON PUBLISHING AND
FINANCIAL SERVICES AND
SOCIO ECONOMIC IMPACT
Submitted to: Submitted by:
Ms. Harsimran Kaur 1611271
1611298
CONTENTS
Impact of e-commerce on publishing
Impact of e-commerce on financial
services
Economic impact of e-commerce

Social impact of e-commerce

IMPACT OF E-COMMERCE ON
PUBLISHING
Electronic publishing has enabled customers to download
file either on pc or an e book viewer.
ithas reduced printing / supply chain cost and reduced time
to market through streamlined editing proofing and printing
process
Depositing e books in personal libraries on the internet
allows 24/7 access and enhances portability.
Out of print books become available and are immediately
downloadable.searchability exists and customers have the
flexibility to download a single page , a chapter or several
volumes.
space, physical damage and depreciation are no longer
issues for either producers or consumers
HYPOTHESIS
The hypothesis are posed as three questions-
How does the strategic use of e commerce effect
the transformation of the publishing industry
from a single distribution channel mass
producer of printed books to a multiple
distribution channel producer of e books and
print on demand content technologies?
What impact has the strategic use of e
commerce had on the supply chain of the
industries to date?
What are the implications for the future of the
publishing industry?
FINDINGS
Electronic books these are read on special devices
that are usually about the size of a paper back book .
The screen fills the front face leaving room for some
buttons along the side which also serve as a hand
grip .
Print on demand while independent publishers are
devising strategies to cope with returns others are
devising strategies to cope with e publishing . Most
publishers seem ambivalent about e books , but sever
are teaming up with online service providers . Pod is
a growing market while its cost is a bit high . It has
long term prospects when prices come down it will
be an advantage for independent publishers.
CONCLUSION
As e publishing comes to become popular and
moves towards maturity,common standards
must emerge and combine to enable a
mainstream status. New information technology
will likely advance and provide copyright
owners the technical means by which to more
effectively monitor and enforce their rights.
Because of the significant cost reductions
attainable in delivering electronic,as opposed to
print material the copyright fee will likewise be
significantly reduced to a level the market can
bear eliminating the discontent of many
consumers that exists today.
IMPACT OF E COMMERCE ON
NATURE OF FINANCIAL
SERVICES
To begin with, the basic functions of the
financial system will stay the same
*Payment services will continue to be
provided
*There will be continued pooling and
allocation of funds
*Hence savers will have a range of
investment opportunities and borrowers
a range of financing opportunities and risks
will be managed
THE BASIC OBJECTIVES
ALSO REMAIN THE SAME
To facilitate competition , innovation and
efficiency
To provide security and confidence for
consumers
To balance privacy and other needs
WHAT WILL BE THE
CHANGES
Firstly , the method by which the main
financial functions will be carried out will
probably be altered through new electronic
systems for processing information,
conducting transactions and distributing
products.
Customers may be able to conduct much
more of their business without employing
either cash or balances in their own
transaction accounts at financial
institutions .
 Customers become empowered by new access to
information .they are able to link financial
services to new ways of conducting other
business most obviously their retail purchases
and sales.
We may see the emergence of new players ,some
of whom have had no previous role in the
financial sector such as telecommunication ,
utilities or software providers or retailers or
entertainment networks.
REGULATORY IMPLICATIONS
It will best serve the interests of consumers
and overall efficiency if the roles of
different types of providers, including
existing financial institutions, are allowed
to be determined by market forces rather
than regulation.
However, it ensure that whatever the
outcome it meets the objective of efficiency ,
stability and fairness to consumers
CONCLUSION
The value of e commerce appears clear,
lower cost , new forms or levels of services ,
and higher efficiency than would be
achievable. It is just as well that it is so as
growth in the use of electronic techniques
seems inevitable
If regulation can be reshaped to
accommodate e commerce then it is likely to
be a stimulating and largely constructive
influence on developments in the financial
services sectors.
ECONOMIC IMPACTS OF E-
COMMERCE
Confrontation with an adapt or die
scenario.
Less developed countries can expand
markets internally and externally at low
cost international trade at affordable access
to financial services.
Rural areas considered too costly or

unprofitable for business development

might increasingly become a focus for
investment and market expansion and also
for relocating corporate offices.
 Development of microfinance institutions to
provide financial services to the semi urban and
rural areas.
E-learning and M-learning enhances the access
of the educational institutions in remote areas.
E-governance initiatives increases access to
information and thereby reducing corruption.
 Micro, small and medium enterprises can
leverage the technology to market their
products globally.
M-banking reduces the transaction cost of

banking industry thereby increasing access

to financial services through rapidly
growing mobile market.
SOCIAL IMPACTS OF E-
COMMERCE
Intangible downside risks of increasingly
virtual interaction within rural
community include the possible de-
socialization of individuals who have less
contact with others.
This contact with peers, co-workers and

community can even extend to family

relations.
 Equitable deployment of infrastructure and
educational resources could provide a means of
maintaining and expanding family and
communal ties.
Other problems includes psychological and
physical health-related effects of sedentary,
computer anchored work environments.so
businesses and government will have to consider
broad-based means to offset health hazards.
 It offers the potential for shifting the balance of
opportunity, wealth, and social and political
inclusion.
Supporting MSMEs:

It is valuable for giant corporations and small

entrepreneurs alike. A study by Google India
showed that 57% of Smes used website as a sales
channel and got direct leads.
99% of MSMEs use online b2b market places to
generate business.