By utilizing a product based web experience for their business customers they have tailored their organization to effectively manage their supply chain as well as customer relations (David and Malone p. 103). Intel realizes that e-business is not only about selling products over the Internet but the involvement of managing the supply chain and customer service is also crucial. Tremendous value is added to the process of getting raw materials and also of supplying goods to retailers and distributors in a manor that is desired is required (David and Malone p. 106). The main use of business to business e-commerce is the simplification of all business communications. Intel is able to link with all business customers via the Web, which gives them instant access to each other.
1.0 INTRODUCTION A PEST analysis is often used as a generic 'orientation' tool, finding out where an organization or product is in the context of what is happening outside that will at some point affect what is happening inside an organization. Either , the effect is give a good effect such as a opportunities to conduct E-ecommerce business or maybe bad effect which is will give a threats. In this task we will discuss only four (4) factor. Political , economic, social and technological. E-Commerce is a system of doing business and trading systems which exploit the convenience and sophistication of the technology and applications using the Internet.
The evidence of growth following a business incorporation of e-business appears to be compulsory. Other organizational strategies associated with e-business identified in the research include sales with marketing of a business, financial procedures, procurement, along with consumer services. The internet economy represents a larger concept as compared to e-business, which makes the e-business a dependant of internet economy. In reference to the evidence provided within the research, it is clear that e-business contributes to streamlining of business operations along with the ability to gain access to novel markets. E-business ensures businesses have quicker with the easier forms of communication, strong marketing aptitudes, along with augmented operation hours for customer services offered.
Many technological developments are being tested and today even implemented through that very system, of e-payments. Already being used today are smart-cards and e-wallets, which in fact work well at creating a safeguard for customers information. Customers now have the convenience of quick and more efficient ways of making transactions and saving data effortlessly with the click of a button. Authentication programs such as VeriSign Secure Site Program, allows one to learn more about web sites users visited before they submit any confidential information, in addition to permitting one to submit sensitive information like one’s own credit card number. Such programs are being used on sites such as Ryerson’s website, where students can make payments through the system where credit card information is used.
Entrepreneurs choose to create their own website either to provide information or clear review to promote their business over the internet, while others uses the internet to sell their products. In a world where internet is being used vastly every person depends search engines to get information. This is where businesses make its customer base. Internet has become an important aspect in everyday life for individuals as well as business and others.
This means of commerce can involve business-to-business and business-to-consumer transactions. Generally, revenue from e-tailing transactions is derived from various sources such as the sale of goods and services, through online advertising, and through subscriptions to a website. As a new concept in the virtual workplace, e-tailing requires businesses to design traditional business models to the ever-changing face of the Internet and online user... ... middle of paper ... ... pace. Just follow the link below to sign up for internationally recognized convenient education for career advancement!” Conclusion: Since electronic retailing or e-tailing has become a global bazaar and non-store form of retailing, it has considerable attention in the recent past. Retailers using this communication model in the virtual workplace have designed various strategic measures across different communication mediums to attract new customers and promote customer loyalty.
The use of the internet and related technologies to encompass every business process that aim to integrate sellers with the consumers and suppliers using the internet is known as E-business. Before to decide to conduct business online is fundamental to know the main advantages and challenges that the company will deal with. The biggest advantage is expanding global reach, which means that the company can have a worldwide presence. The product can be available to customers from all over the world and it provides the opportunity to increase sales and open new markets that could not be reached before. In addition, an online strategy allows the company to be free of costs that are incurred only in physical stores.
This means that the business will forge closer relationships with customers and suppliers. In addition, e-commerce allows customers to look at the businesses products from their home. This means that customers will be able to look or buy the product at any time rather than only when they go shopping. Also with the business being on the internet it will mean that that the business will be able to aim their will be easy to access and that more people can see their product. Moreover, it is said that trad... ... middle of paper ... ... First, careful design of documentation will aid the prevention of unintentional errors in recording and processing.
Recommendations and advice have been given in the end for businesses intending to adopt an e-business dimension. DEFINITIONS OF E-BUSINESS AND E-COMMERCE: The terms e-business and e-commerce are closely related but have some elements of differences between them. The term e-business was first coined by Lou Gerstner, CEO of IBM. According to Wikipedia (2006), e-business is any business process that relies on automated information system, which today is mostly done with web based technologies (Wikipedia, 2006). The Aberdeen Consulting Group defines e-business as “the automation of the entire spectrum of interactions between enterprises and their distributed employees, trading partners, suppliers, and customers.” (Intel.com, 2006) http://www.intel.com/it/pdf/e-business-value.pdf (27/12/06) E-business is a wider concept that takes into account all the aspects of use of information technology in business.
Today, even traditional brick and mortar organizations must establish a web presence if they want to remain competitive. A strong business case can be made that organizations that don’t enter the e-commerce fray will eventually be left in the technology dust (Trepper: 2000). E-commerce however, is really much more than just exchanging products or services for money over the internet. It is an enabling technology that allows businesses to increase the accuracy and efficiency of business transaction processing. E-commerce is also a way for organizations to exchange information with customers and vendors to the benefit of everyone involved.