E-Business In order for company to step ahead from the competitors, the most important thing that we need to do was increase the revenue and decrease cost. To achieve this objective, Electronic Business (E-Business) plays a vital role.
First, E-Business take a shorter time to help company establish a good image compare to the traditional business model which takes a long time to achieve this goal. Through the use of E-Business, customer all around the world can get to know about product, service, promotion and any regarding news of company only with their use of internet. Besides, with the feedback that provides by the customer, the company can keep abreast of public demand. From that part, company can adjust their marketing skill and
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In an E-Business, the transaction cost is the same across the board, whether one order or thousands come in. The only thing that the company need to do was compare the price from different seller to get the reasonable price. Beside, E-Business reduced waste of time to solve the order and invoice issues because the system was nearly eliminates processing errors compare to human processors. The most useful part of E-Business was able to reduce labor and other costs in many areas, including: document preparation, mail preparation, telephone calling, data entry, and overtime. With this, company can reduce the cost at procurement staff and use the money on other department for others use.
Third, E-Business helps to create new market opportunities. There is no limit of time and space on the internet. It can run 24 hours a day, 7 days a week, and its antennae can be extended to every place in the world. At the same time, the company did not need to increase the additional marketing costs, because the use of Internet able to self-customer consultation, orders, and procurement. As the online store can be open 24 hours a day, many customers are able to order any place and anytime they want. This will help to increase the income of the company. E-Business In order for company to step ahead from the competitors, the most important thing that we need to do was increase the revenue and decrease cost. To achieve this objective, Electronic
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If company computer's security does not have any precautions, it will lead the company to a huge loss when the virus. The precautions that we can do was install some well-known anti-virus software to prevent the computer will not be so vulnerable to the invasion of the virus. Confidential information in the company must be added to the password verification system to prevent disclosure of corporate secrets. Strengthen protection with only the relevant people have right to access the document. We will block some sites mainly on politics, religion, and pornography on our computers because these sites are vulnerable to viruses. For the precaution of customer part, we will join the electronic signature function. When the customer paid, they must be signed to verify the way. Not only can greatly improve the security, users can safely
In summary, “Internet activities are not most significant in competition, such as informing customers, processing transactions, and procuring inputs”. (Porter, 2001) significant corporate assets--skilled employees, proprietary product, and efficient logistical systems – these factors are the most important to keep competitive advantages. In fact, it is foreseeable that the Internet's evolution will come up in the future involve a shift “in thinking from e-business to business, from e-strategy to strategy”. (Porter, 2001)Only by integrating the Internet into overall strategy will this powerful new technology become an equally powerful force for competitive advantage.
Have you ever purchased any product on the Internet, used the Internet to collect information or data, or played computer games on the Internet? You must agree that it is fast, easy, and enjoyable. The Internet has been a part of our daily life for several years now. In addition, in the business world, a new business model, E-business and E-commerce, has appeared for several years. According to Ali, there are two main types of E-commerce: B2B and B2C (2000). One is business to business (B2B). This means that enterprises use the Internet to transact or trade between business operations and their partners. Another is business to consumer (B2C). In other words, enterprises provide products, support good, and services to the customers on the Internet.
This paper clarifies the two concepts of ERP and e-businesses and what components they consist of. An ERP-system consist of several modules, which the most common modules are such as General Ledger, Account payable, Account Receivable and Logistic. Moreover, firm uses ERP-solutions for internal reasons, sharing data real-time by using ERP-solutions across different departments.
The e-commerce company’s strategy focus allowed it to differentiate itself by providing better services to its customers. The company put an innovative business model in which customers would try out the company’s services without any cost. As time progressed, the company was able to generate revenue from alternative means. In addition, the company began to generate revenue from an increase in the willingness of its users to pay for additional
The Electronic Commerce, or e-commerce industry, is one of the most conductive sectors of the economy. E- Commerce is an interesting combination of business models and new information technologies as it deals with the buying and selling of goods and services over the Internet. The three major electronic commerce categories are: business –to- consumers (B2C)
University of Phoenix (Ed.), (2003). Introduction to e-Commerce [University of Phoenix Custom Edition e-text]. New York: McGraw-Hill Publishing Co. Retrieved April 5, 2005 from University of Phoenix, Resource, EBUS/500.1 E-Business Principles and Practices Making Web site: https://ecampus.phoenix.edu/secure/resource/resource.asp
The emergence of information technology has created the need for new business approaches involving the inclusion of electronic commerce, data interchanges and the internet (Elam, Rezaee & Sharbatoghlie 2001:150).
Shin, N. (2001). Strategies for Competitive Advantage in Electronic Commerce. Journal of Electronic Commerce Research, 2 (4), pp. 164-171.
E-marketing is a fast growing and rapid platform for any form of business. EBay has been highly successful over recent years and this is a perfect example of an online business. The internal and external environments are constantly changing and in order to keep up with these changes, businesses and organisations must make relevant changes, and generate new strategies to keep up with contemporary developments in e-marketing and to also maintain their position in their market in comparison to their competitors.
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.
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.