At the beginning of the 21st century a lot of the traditional trading and business concepts changed. it is not necessary to have a store or outlet to sell your product, it is so simple nowadays to order any product from any country you like, it will be delivered to you in a very short time .There are so many examples for companies who do not have any retailing outlets, they depend on their websites through what it called E-Commerce or E-Business, to sell their products. By this way they can decrease their operating cost through decreasing the fixed assets costs which needs very high capital investment.

The wide spread of the internet worldwide created this idea which became a very big innovation all over the world, but E-commerce is facing some problems which is limiting its effectiveness especially in under developed countries.

The internet made the world a virtual community where all people interacts with each other discussing so many subjects, like sports, friendship…

Virtual communities are social aggregations that emerge from the Net when enough people carry on those public discussions long enough, with sufficient human feeling, to form webs of personal relationships in cyberspace. This virtual community lead to something called virtual society. Virtual society is the place in which people abandon real society Relations and community participation in favor of a life in cyberspace. yet in practice people’s real and virtual lives are likely to be entwined in various ways for example by pursuing real interests through virtual contacts, meeting people in a social context who were initially encountered on-line, or through creating representations of one’s community in the virtual world. It is a world wide technological facility for trade. The use of Information to interact and communicate in a globalized high tech Economy. The term “digital divide” describes the fact that the world can be divided into people who do and people who don’t have access to and the capability to use modern information technology such as the Telephone, television, or the internet.EC is an umbrella term covering all electronic Business technologies. A subset of EC, e-commerce is often thought to mean only customers buying goods and services on the Internet, or Customers-to-Business However, the greatest potential savings are in the Business-to- Business area of e-commerce, as businesses exchange documents, goods, and services electronically in ways that have been unavailable until the recent explosive growth of Internet usage and functionality.

Knowledge management involves the identification and analysis of available and required knowledge assets and knowledge asset related processes, and the subsequent planning and control of actions to develop both the assets and the processes so as to fulfill organizational objectives. It is the art of creating value from an organization’s intangible assets.

This cycle for the E-Business must be ended by a business strategy and then the suitable way to implement.

E-Business is facing so many difficulties to become popular in the Lebanese market like, the threat from both parties of stolen credit cards, the loss of trust between the two parties (sellers and buyers) is the main obstacle to be widespread in Lebanon. But the major obstacle nowadays in Lebanon in that the percentage of the credit cards users is very low which is the basic element in the transactions. This problem will be resolved because the users of credit cards in Lebanon are increasing year after a year. if we return back to what happened with the employees of the United airlines we can honestly say that this will never happen in Lebanon where employees become the board of directors in any company because the majority of the Lebanese companies are family businesses and employees are treated badly especially nowadays where job opportunities are minimal and the bargaining power is in the hands of the owners.

This article was wrote a long time ago in 2004 where the e-commerce and e-business was bot popular especially in the Middle East Region where the trust was not well established with online transactions and people were afraid about this new shopping methodology.E-Business nowadays changed the shopping style and businesses selling techniques in addition to the marketing and adverting strategies.We have nowadays complete shops online where you can do you shopping freely at home and during your free time.You can do your shopping overnight without being stuck in traffic jams and loss pay unnecessary fuel and parking fees.The majority of banking transactions are done nowadays online,hence banks can reduce their branches and decrease the high investment cost in opening new branches and target few number of clients while they can go online and benefit from the global client base and offer them widespread basket of services that can make their life easier with minimum time and money spent to fulfill their needs.

The world is changing nowadays you may not need in the future to relocate in order to work worldwide,you can do your job from home and do meetings over Skype and you may establish you shop online and avoid travelling abroad to open a new business in other places.People who cannot develop their skills with the modern technology will find themselves searching for a job which will be difficult to find through traditional ways.