Essay: World Wide Web Business Analysis

Sample Essay

Introduction

There has been an evolution of ways in doing business. From early ages when barter system used to be applied by man to this age when business operations are done on a single mouse click, it is a long journey. This journey started from barter trading when man started exchanging things for meeting his basic necessities such as food, cloth, shelter, etc.

By the time medium of exchange kept on altering from stone coins, leather coins, metal coins, and then paper currency which evolved from currency to card having credit, which further advanced to plastic cards which has advanced even more today. This is a money-less exchange or virtual money. Payments are not made through currency but it is more or less made through cards now. Now business is also carried out on internet right away and there are websites that are specific for online business. (Guru, 2007). The era where all the transactions are shifting to the virtual world of internet, how can the banking sector left behind in the race of advancement?  Although the innovation in this field can be an arduous job to do but once it’s done it can be way too profitable and convenient for a firm itself and the client too. Therefore the task of transforming the manually operational firms to digital firms got started and finally got achieved. In this paper we will examine and evaluate the online banking services of Bank of America and assess the features such as user friendliness, compatibility, security and others and present our findings about the bank’s website.

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