The internet, the world’s largest network, connects households, consumers, businesses, and governments in over 100 countries worldwide. It is growing at a fast pace, and consequently e-commerce is growing as fast, because many operations of e-commerce are conducted over the world wide web.
E-commerce is conducting commerce electronically without producing paper. It includes buying and purchasing goods and services electronically, for example through the Internet. Due to scope of possibilities a retailer has to reach new customers and suppliers all over the world, and the time savings due to emails, e-commerce is growing at a very high pace. The article “E-commerce thrives in Canada” indicates that performing business electronically is growing substantially in Canada. According to this article, J.C. Williams Group conducted a survey among 1,312 Canadians who had purchased goods online within six months prior to the survey. Of all Canadians that were questioned, 32% had made five or more purchases online and 68% Canadians had made one to four purchases. This indicates that purchasing goods online is popular among Canadians and selling goods online is very profitable for Canadian companies.
Statistics Canada reported that in 2005, e-commerce sales totaled CAD39.2 billion (up by CAD32.7 billion since 2001). The figures include both private and public sector sales over the Internet. Statistics Canada also reports that two years later, in 2007, the e-commerce sales of the private and public sector had already reached an estimated $62.7 billion. This indicates that e-commerce is growing at a very fast pace.
Having seen the effect of e-commerce on the revenue, many retailers have created their own websites. In 2005, 42% of retailers...
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...merce. (2009). E-Commerce. EBSCOHost, Canada
eMarketer Incorporated. (2011). E-commerce thrives in Canada. Retrieved from http://www.ebusinessforum.com/index.asp?layout=rich_story&doc_id=8809&categoryid=&channelid=&search=canada
RSA Security LLC. (2010). RSA Online Fraud Report. Retrieved from http://www.rsa.com/solutions/consumer_authentication/intelreport/10763_Online_Fraud_report_0210.pdf
Statistics Canada. (2008). Electronic commerce and technology. Retrieved from http://www.statcan.gc.ca/daily-quotidien/080424/dq080424a-eng.htm
The Canadian Press. (2010).16 million Canadians on facebook: Report. Retrieved from http://www.theglobeandmail.com/news/technology/personal-tech/16-million-canadians-on-facebook-report/article1589749/
R. Bauerly, (2009). Online auction fraud and EBay. Marketing Management Journal. Western Illinois University, USA (EBSCOHost)
Key Issues The growing popularity of online retailing is attracting competition from traditional and online multi-retailers such as Wal-Mart and Amazon, which are gaining considerable market shares in many of the product segments included in the specialty retail sector. Currently, the majority of revenue is generated by store sales, but online sales from the stores’ websites are increasing. With the US dollar getting weaker, international sales from these US based websites are increasing too. This creates a significant positive outlook for the large incumbent players but also acts as a significant barrier of entry for new players.
Technology plays a big part of the e-retailing industry. It has many positive qualities that impact the industry. Technology simplifies the purchasing process. Since the industry is web based, it helps eliminate the nuisance of not having products when wanted by having the capabilities of placing orders 24/7 at any computer with web access. Technology will also standardize the purchasing process thus reducing processing costs associated with traditional processing.
With several thousand commercial Web sites to consider, there are a great variety of e-commerce business models.
The future of economic competitiveness for most enterprises relies on entrance and active participation in the e-commerce market. An essential problem with e-commerce is that the controls and organization are different for each site. There is no standard way of building t...
E-commerce is a trading in products using the internet. E-Commerce over the past 15 to 20 years has had a major impact on society and the way business is done on a global scale. There are three transactions business to business, consumer to consumer and consumer to business. I will be writing about the advantages and the disadvantages of each one.
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.
Technological development is impacting the business landscape by providing new ways and opportunities to conduct business. In the last decade e-commerce has especially created new possibilities to change ways of doing businesses or create new business models. In such a changing environment the role of the leader is becoming vital (Ada 2006).There is no doubt in importance of e-commerce in this new era .It became the necessity of organizations and even competitive advantage. In near future it will be difficult to survive without adoption of e-commerce.
Zhuang, Y. and Lederer, A.L. (2003) ‘An instrument for measuring the business benefits of e-commerce retailing’, International Journal of Electronic Commerce, 7(3), pp. 65-99.
Electronic commerce can be defined as the conduct of commerce in goods and services, with the assistance of telecommunications and telecommunications-based tools. Here, the term telecommunications can mean any existing telecommunication networks such as Public Switched Telephone Network, Integrated Services Digital Network, or even Wireless Networks. However the major and the most important telecommunication network of E-commerce is the Internet. The great possibility and potential of E-commerce has been realized with the development of the Internet. Therefore understanding how the Internet works is quite important to better understand E-commerce and to develop E-commerce applications.
Internet commerce is one of the fastest growing industries today. With the wide range of capabilities the web has it make it easier and cost efficient for businesses to make transactions with other businesses. One factor that allows businesses to find each other is search engines. Search engines are part of the reason the web is growing so rapidly.
The Information revolution is changing our daily lives. With the rapid development of computers and the internet, online commerce has become quite common and plays an important role in the modern world. Online business has been booming in recent years. US online retail sales rose an average of 11% in the first three months of 2009 (“US Online Sales Up,” 2009). The growth of online sales may be due to the growing number of consumers who shop online.
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.
E-commerce is about two decades old, yet due to its fascinating dimensions, it remains a challenging area for researchers and professionals.
E-commerce or electronic commerce is carrying out business communications and transactions through computers and over networks. It involves buying and selling of goods and services through digital communication. E-commerce also includes transactions on the World Wide Web and the Internet and means such as electronic funds transfer, smart cards and digital cash. E-commerce covers outward facing processes that interact with customers, suppliers and external partners such as sales, marketing, delivery, customer service, purchasing of raw materials and supplies for production.