B2B, or Business to Business, is delimitate as “Commercial legal proceeding between an organization and separate organizations”. (Sensacom.com) It refers to occupati unitys using the Internet to electronically purchase goods from other businesses and so connecting businesses to each other in order to facilitate mart transactions. (Davidson & Bryant, 200) There are advantages to B2B marketplaces much(prenominal) as Agex.com and Metalsite.net over traditional marketplaces. They stick out “dynamic real- magazine pricing, informed price, competition transaction quantify and convenience. These sites integrate sourcing, purchasing, and direction for supplies, manufacturers, distributors, and customers.” (Rule, Plotkin, & Fanelli, 2000, p. 1) In 1999, Enron Corporation established Enrononline.com (EOL), an electronic profession syllabus that allowed buyers to lot directly and solely with Enron. At its on desexualise, EOL was one of a pattern in the sector of e- barter. EOL set up its ingest rules and practices and was approximately unregulated. “Transactions were settled by prices established by EOL.” (Bernstein, 2004, p.3) Since prices for innate(p) bollix up trading were established by Enron, natural gas traders were trading for prices established by EOL that could be unrelated to the actual cost.
B2B commerce provided Enron with a platform to de dishearten its investors and business partners. Stocks were being traded at extremely elevated prices stretching a level of more than $90 per share, a level that could non be justified or maintained. Eventually the bubble botch up leaving Enron in a compromising localisation amid allegations of fraud and facing Chapter 11 bankruptcy. While the blood line of Enron is out-of-pocket to the inadequacy of regulation of B2B commerce, its stroke was due largely to the unethical standards and port established by its senior officers and management, as rise as the inefficient practices of its auditors. The fall of Enron may be one of the close memorable collapses in our...If you want to get a spacious essay, order it on our website: Ordercustompaper.com
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