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Business strategy analysis
Comparative study of business strategy
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TITLE: APPRAISE ECOMMERCE AND EBUSINESS INFRASTRUCTURES IN ORGANIZATIONS
TABLE OF CONTENT PAGE NUMBER
INTRODUCTION 3
BACKGRAOUND INFORMATION 3-4
E-BUSINESS MODELS 4-7
• BUSINESS TO CONSUMER 5
• CUSTOMER TO CUSTOMER 6
• CUSTOMER TO BUSINESS 7
GAMIFICATION 8-10
• DEFINITION 8
• GRAPH TREND INTEREST OVER TIME. WEB RESEARCH. WORLD WIDE, JAN 2008 –MAY 2013 8-9
HOW TO APPLY GAMIFICATION 9-10
CONCLUSION 11
REFERENCING 12-14
2
INTRODUCTION
In the recent years the growth of the population and the growth of the businesses lead the market in to the new electronically market. With the develop of science, the globalization and both the demand of customers for new international goods and the businesses to make profit has made the internet as a necessary mechanism. Nowadays the companies are using the e-commerce and the e-business models because of the international demand and the competition between companies.
In The Business Elements, this is a digital online management magazine company that has been successfully operating in the UK for the last decade. The company provides a wide range of management literature available online on a monthly and yearly subscription basis. The company has recently expanded into new international markets including Australia and the USA, however the predictable subscription growth through its B2C business model has been much lower than e...
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...r natural alternatives to trade because of the limitlessness of the media, both in terms of geography and shopping hours. For the equity of businesspersons, each model must be examined carefully to understand which model provides the maximum benefit. By understanding the business models, financial projections can be easily made and business plans confirmed, such as the Business-to-Business and consumer-to-business model. Also there are other ways that the company can increase the subscription, by using the game mechanism which is a new trend where most companies can get their aims and also have fun. The only certainty thing is that the companies trying to find new ways to catch customers with new strategies, by using different e-business model they bring new demanded goods in the international market and all that just a touch of button, internet.
Ebert Ronald J and Griffin Ricky W. (2011).Business Management.(8th edition). Business essentials, (pp.94-97), Boston [Mass]; London: Pearson.
In two distinct e-commerce business types, Business-to-business (B2B) and Business-to-Consumer (B2C), there are many differences in the way they operate. Specifically in marketing, differences include how the marketing is driven and the values of the strategies, the size of the target market and length of the sales cycle, and even the buying patterns of the target consumers. Each of these differences will be better defined and explained in the following paragraphs.
Business strategies and activities play a very crucial role in the future development of the organization. These strategies become more important, in case of e-business organization such as Amazon.
Contemporary management of the business. 7 ed. of the book. New York, NY: McGraw-Hill. McComb, S., Schroeder, A., Kennedy, D., & Vozdolska, R. (2012).
E-commerce has evolved in three different stages over the years to satisfy communications and business needs. E-commerce is an easy way to purchase and to sell products or services over the internet and other computer networks without any difficulties. The invention, the consolidation, and the reinvention with the social and mobile are the three periods of e-commerce. The study is a description of the three different steps of e-commerce.
Business today is inextricably intertwined with technology, from the smallest home office, to a multinational corporation with multiple monolithic legacy application. It is impossible to be in business today without confronting the issues of technology. The way we do business today is different than 30 years ago. Technology has evolved around the areas of telecommunication, travel, stock market, shipping even around our daily lives. E-commerce a system by which people can buy, sell and deal without even seeing the person on the other side has taken a front seat in improving the economy of countries around the world. Technology today has made it possible for monetary institutions to help locate the customers resources and help solve their problems at any given time through online banking. The Internet, a boon to all business, is playing a part of a catalyst; it links millions of customers to its suppliers and vice versa due to this, manufactures are able to cut the role of middlemen and are able to deal with the customers, giving them the ability for direct input from the customers about their choices and views of their product. The busi...
One of the fundamental factors that has affected the process of economic globalization is the improvements in the technology of transportation and communications. This has reduced the costs of transporting goods, services, and factors of production and of communicating economically useful knowledge and technology. There is no doubt that advances in information and communications technology are the most important technological advances of the past quarter century (Mussa, 2000). By far, the most important and business altering advancement is the internet. There is evidence everywhere that the internet has greatly affected international trade. The internet has opened up the world, and brought it right into everyone's home and business. In addition, technology and the internet have greatly reduced the costs of doing business. Even the smallest operation can now go global via the internet at almost no cost. However, there are still some problems that face these e-commerce activities. These problems are shot-term challenges and can be met. The key issues center around two areas:
INTRODUCTION We always feel that we are behind the times, whenever we try to stay apace with technology. With the beginning of the new millennium, computers became the international language. Computer today is not only the language of people but also for business. Internet is the tool used by business in term of electronic commerce. In the discussion I will try to state how e-commerce influences business in the new world with the vast growing of the Internet technology. First, I will define what is e-commerce. Then, I am going to highlight some comparison between the traditional and electronic commerce. The benefits and disadvantage of e-commerce will be the following step. At the end of discussion and briefly I will mention e-commence technologies. Then comes the summary where we can find what was covered in the discussion. At last I will try to write the conclusion of this assignment. DISCUSSION Electronic commerce seems to be everywhere in our life today. It is hardly that you open a newspaper or magazine without coming across a subject or an article about e-commerce, but how can we define e-commerce? What is E-Commerce? E-commerce is any commercial transaction done electronically using the computer, through the Internet technologies, such as the World Wide Web. In another words, it is the buying or/and selling of goods or services on the web. Moreover, electronic commerce had included the handling of purchase transactions and funds transfers over computer networks. (Understanding E-Commerce, David, 1997, P.2) Meanwhile electronic commerce is getting stronger than ever. The Internet has given e-commerce a boost. E-commerce is the wave of the future allowing businesses of all sizes to sell their goods online. It is growing along with the Internet too rapidly. E-Commerce brakes all the time and geographical boundaries providing a direct deal with end costumer. This definitely expands the business opportunity to satisfy costumers’ demands for product, service, and information. Electronic commerce doesn’t only include the transaction of traditional commerce, but also generating demand for its goods and services. The definition of electronic commerce is kind of dynamic. As you go deeper into knowing it, you will have better definition and with the time even a new different definition. Traditional Vs. Electronic Commerce Transactions In the traditional business, manufacturers use dealers, distributors, and retailers to represent them. For many years, manufacturers’ representatives believe that the physical presence at the point of sales plays very important roles.
Electronic Commerce as popularly as E-commerce has become a big deal in our growing economy due to the increase use of online systems. E-commerce now of the fastest growing business in the world. The technology has change the way of business. Business that have physical location have now made it an effort to focus their online business. It is the new sort of business platform where you can make use of different technologies like electronic data interchange or transfer document electronically. Online business is an effective of sales.
According to the author, e-business is conducting business on the internet by not only buying and selling goods, but also servicing clients and collaborating with business partners by using all the human technologies.
What's e-business? It is the transformation of every business process through using the internet and associated technologies. In this transformation, each part of the business becomes a part of an intrinsic network, which enables employees, suppliers and customers of a given enterprise to conduct their tasks. People usually try to make a point in differing e-business from e-commence, but as I see, e-commerce is a part of the e-business category, and an important one.
At the very start, internet revolution was known as a world wide web that would change everything. In 1990s, the concept of "online business" was created, this business is known by various names such as dot-coms, e-biz etc. which made easier to start a business on internet and inexpensive as well. Whether it's a big or a small, local or international it can reach infront of the world very easily. Thousands of ventures have been made on internet for online business on the basis of brick and mortar. Online business is not different from any other venture. Same rules and principles are applied. First thing to start up a business is to create a business plan and think of how to make money. Some of the options which should be applied for an online business includes, sell products, sell advertising, sell information, sell services and to become a reseller. All of these options are complied together. For any virtual business an individual should always look for products with high margins, high demand and less competition either for physical or digital manner. However, many services are sold on internet such as web hosting, domain name registration, software applications and comparison of different products and services. Selling information is another basic option in an online business which is done in two forms, one is subscribing on a website where online articles are available for free and on the other hand e-books are popular and are free, they can be downloaded easily plus when the writing is done the cost of subscription is very low. Advertising on internet leads toward a lot of money though it's an expensive procedure, with a lot of traffic on a web site one can make money easily by joining any kind of ad network such as Google. By getting affiliated with another web site can also make a lot of money such as sending a buyer on another merchant's web page, like this one can get a percentage on per sale basis but first an individual needs to get expert in marketing for search engines.
E-commerce means that the company runs their business online, not like the traditional business way. We have to go the shopping mall or store to get goods that we need, E-Business is the enabling of electronic communication between any two or more participants in a business relationship. It helps companies capture abroad business field, cost saving, and market opportunity. E-commerce is an important factor that is making people’s lives more efficient.
E- Commerce is a phenomena that is emerging rapidly between businesses all over the world, and it has affected the businesses at all sizes in many aspects.
The high take-up of the Internet leads to variety of opportunities in front of companies. People are more online than ever. They spend many hours each day on Social Networks such as Facebook and Google+. It is no wonder that buying and selling can now be done in a more convenient way. Although traditional shopping is still thriving, online shopping can be an alternative for people wanting to save time and money. If a certain customer plan to go shopping, it could be stressful and also be time consuming. E-business has made shopping or any kind of transactions online much easier and convenient. It introduces new facilities, opportunities and way of shopping for both vendors and customers.