Electronic business or e-business is a whole new way of doing business over the internet in today's society. In today's ever changing environment, people are shopping more and more online, which has opened up new aspects of money making strategies that businesses have built on. E-business has helped businesses grow, or ultimately loose revenue and play catch up. There are several key aspects in which e-business needs to be conducted. E-business can make, or break a company.
The Internet has been rapidly growing since it's inception and is now commonly used in all sectors of societies, in all corners of the globe. The Internet has quickly become one of the most valuable assets in modern technology, and as such, is developing as an integral part of modern commerce. As with past technologies, the Internet will have future technological advances develop from its own growth. The task the organisations of in the new century? Realise future opportunities and threats, and base a strategy accordingly.
The world largest computer network is the internet. With the astonishing growth of the Internet nowadays, many companies are finding new ways to expand their business opportunities. One can even say that there¡¯re almost all companies used computers in their everyday business. Thus, E-commerce is emerging as an increasingly important way for businesses to reach potential customers. Introduction What exactly is e-commerce?
3. To identify the growth of E-commerce application. Finally, the INTRODUCTION 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.
The research of Dr.Rajesh Mahajan and Prof. Sunil Kumar reflects that the Punjab market is actively participating e-markets and there is huge scope among the marketers to dominate the internet market globally in future as web marketing is growing very fast and market has more scope. For the betterment of internet or web based marketing only requirement to strengthen the information
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.
Section I: The Challenges in Managing e-Commerce E-Commerce, or Electronic Commerce, is a general term for any type of business or commercial transaction that involves the transfer of information across the Internet. This covers a range of different types of businesses such as amazon.com, eBay, priceline, etc. Electronic Commerce has expanded rapidly over the past six years and this growth as described in the following paragraph, is forecast to co... ... middle of paper ... ...enging area to most business today. However it is imperative to succeed in e-commerce in order to compete in today’s e-world. I believe e-commerce requires a strong and dedicated management team.
The industry has definitely grown with potential in terms of not only generating revenue but also reducing the costs in running a online retail business. With the main recipients of e-commerce who are the Marketing, retail outlets, insurance, government, travel industries, training, online publishing vendors. Looking at Traditional Commerce and E-Commerce: As there is a significant difference in the e commerce which is when there is no physical store and in which most of the cases the seller and the buyer don’t see each other, transactions happen otherwise. With the help of the Web as well as telecommunications technologies here play a major role in e commerce being a boom. Although when we look at the goals and objectives of both e-commerce and traditional commerce which the same that is are selling same products ... ... middle of paper ... ...avior of customers.
The introduction of the ATM card in the mid 80’s was one of the most recent improvements to electronic commerce and its capabilities. As the Internet grows in popularity every day, so does electronic commerce. E-business can be anything from purchasing clothes from a department store online to checking your bank statement. All are examples of the many aspects of e-business. There are many forms of e-business similar to this.
Introduction Information Retrieval (IR) is to represent, retrieve from storage and organise the information. The information should be easily access. User will be more interested with easy access information. Information retrieval process is the skills of searching for documents, for information within documents and for metadata about documents, as well as that of searching relational databases and the World Wide Web. According to (Shing Ping Tucker, 2008), E-commerce is rapidly a growing segment in the internet.