PhD in Commerce

"Commerce is that part of business which is concerned with the exchange of goods and services and includes all those activities which directly or indirectly facilitate that exchange."

Commerce is a sub-field of business and economics that comprises all the activities that lead to the exchange of goods and services from producers to clients. It deals with buying, selling and investing, the distribution of products, covering market demand and creating new business opportunities, among others. E-commerce is a branch of commerce that has rapidly evolved over the years, which implies the acquisition and sale of products via the internet.

Concentrations in commerce include multinational commerce, accounting, finance, marketing or project management.

The growth of commerce, industry and trade bring about the growth of agencies of trade such as banking, transport, warehousing, advertising, etc. These agencies need people to look after their functioning. Increase in production results in increasing demand, which further results in boosting employment opportunities. Thus development of commerce generates more and more employment opportunities for millions of people in a country.

Commerce also creates markets for the surplus products. It does not only widens up international markets now –days , but quite the fact it is also equally useful in accelerating the process of exchange in domestic markets. It is truly conduct that commerce plays a great and tremendous role in the economic development of a country.

Doctoral Degree in Commerce aim to deliver multi-disciplinary knowledge and essential skills for the modern business world. Because trading is an essential day-to-day activity, graduates in commerce can easily find positions in corporations, small businesses, non-profit organisations, banks, outsourcing, insuring, audit and consulting firms, in governmental agencies or in the e-commerce industry.

By doing Phd in commerce you can do Training programs in e-commerce which can lead to a career designing and creating efficient and creating new business opportunities. There are also job possibilities in developing and implementing online marketing plans, which is a necessity in electronic commerce. If computer systems are your expertise, you may be interested in a job in programming, Web development or database administration. Companies utilizing electronic commerce also need people to analyze sales data, page visits and e-commerce trends. The extensive training that a doctoral program provides would also allow you to work as a webmaster, protecting websites from viruses and hackers, ensuring they are running appropriately and fixing problems as they arise.

As Phd-holder, you could teach Commerce or E-commerce courses at a college or university. You may be qualified to teach e-commerce courses, classes in information systems or courses covering a variety of business topics. Most doctoral programs have a strong focus on research.

Many people believe that todays with the growth in trade and commerce there is growing need for expansion and modernization of aids of trade. Aids to trade such as banking, communication, advertising and publicity, transport, insurance etc., are expanded and modernized for the smooth conduct of commerce. Though commerce we can secure a fair and equitable distribution of goods throughout the world. Commerce looks after the distribution aspect of the business. Whatever is produced it must be consumed, to facilitate this consumption there must be a proper distribution channel. Here comes the need for commerce which is concerned with the smooth buying and selling of goods and services