There are all types of transactions that people engage in via the internet or mobile phone on a daily basis. I personally could not imagine a world without the capability to do this. E-commerce and M-commerce make all of our online and mobile transactions possible. In this paper, I will describe the steps new e-businesses need to adopt to have a successful online presence. In addition, the required skills, tools, and challenges of electronic and mobile commerce will also be discussed. Dictionary.com defines E-commerce as: business that is transacted by transferring data electronically, especially over the internet (dictionary.com). While M-commerce is defined as: business that is conducted on the internet through the use of cell phones or other wireless, handheld electronic devices (dictionary.com). To enable people to complete the large number of transactions, new e-businesses are created. Some initial steps to follow include: identify potential e-business initiatives, analyze the functional scope of e-business initiatives, analyze the sustainability of benefits from e-business initiatives and prioritize e-business initiatives (Basu, Muylle, 2007). By identifying potential E-business initiatives, online companies can better understand their customers as well as the supply chain of their customers and competitors (Basu, Muylle, 2007). Understanding the desires of your customers, translates into properly managing inventories. When companies dedicate their time to understanding how their product impacts a particular segment of the market, the opportunities for other e-business initiatives can be realized. Another advantage of identifying E-business initiatives can be to lower your delivery costs to both familiar and u... ... middle of paper ... ...ntify exactly what part of the entire mobile experience is either causing an error for the customer, or too difficult can help prevent similar events from occurring. Investing and utilizing the right call center can assist with moving the M-commerce customer to the end of the mobile experience. In summary, E-commerce and M-commerce have not yet reached their full potential. New electronic and mobile businesses must follow the already established steps to even have a chance for success. By identifying e-business initiatives, understanding the functional scope of an e-business initiative, exploiting the benefits from e-business initiatives and prioritizing initiatives; a company improves its percentage to compete in their specific market. E-commerce and M-commerce is an integral part of our society and will only continue to grow as the years go by.
In the last decade, wireless communications technology has grown rapidly in the global business community. The convergence of two key wireless technologies- mobile wireless communications and the internet has presented a plethora of opportunities for organizations through mobile business hereinafter referred to simply as m-business. M-business is a new business model which utilizes the internet for data/voice transmission through the deployment of wireless devices like smart phones, tablets and e-purses (Gartner, n.d. ). According to Picoto, Belanger and Palma-dos-Reis (2013) m-business has revolutionized the way organizations conduct business as customers are increasingly resorting to m-business. This pragmatic shift can be explained by the reliance on mobile devices for example smart phones to shop online. Undoubtedly, the market for m-business is on an upward growth curve with forecasts establishing higher global uptakes in coming years (Picoto, Belanger, & Palma-dos-Reis, 2013). With such high growth potential, one cannot help but ask what value m-business holds for contemporary organizations?
Laudon, Kenneth C. Traver, Carol. E-commerce: Business. Technology. Society 3th ed. Pearson Prentice Hall. Upper Saddle NJ, 2007.
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...
The goal of this report is to analyze the Amazon's e-business strategies and activities. This report also discusses the result of strategies adopted by Amazon and how far it has been successful.
The objective of B2C ecommerce is solely keeping tabs on item deals. On the other hand, B2B emerged with a lot of advantages.
Evaluation of the potential of e-business as a channel to US’s consumer market: Levenburg (2013) asserts that for the retail businesses to maintain successful e-business approach, it is imperative they comprehend the novel channel. The fundamental comprehension of the multi-channel based transaction frontier is imperative to sustain a proper evaluation of e-business’s impact on the consumer market. It is imperative that retail businesses how the internet can be geared to deliver beneficial outcomes in regards to tapping into the consumer market. The changing operational structures are equally pivotal for evaluation especially the notion of supply chain operational shifts (Graig
The development of E-commerce have revolutionised the manner in which consumers purchase. E-commerce has helped businesses to grow and expand beyond geographical boundaries and cater to the needs of consumers located anywhere across the globe. India, being a developing nation was expected to respond slowly and with less enthusiasm towards the development and implementation of E-commerce. E-commerce started to become popular only after 2005. It began as a system where businesses could interact with suppliers and place orders. However as the system gained immense popularity and success, it was soon implemented for placing selling goods and services to consumers. Since then the online retail industry in India has been growing rapidly (Malhotra, 2000). The system has become so widely popular, that in many large cities and urban locations, consumers prefer to purchase largely through online shopping rather than physically visiting stores. E-commerce facilitates consumers to purchase products from any place through suitable internet connectivity. The popularity of E-commerce over the last few years and its wide adoptions led retailers to launch specialised Smartphone applications through which consumers could easily shop. Many claim that the success of E-commerce mainly arises out of the popularity of Smartphones. E-commerce is particularity gaining popularity in the semi urban and rural regions of India. Due to lack of infrastructural development there exists a dearth of shopping malls and retail stores in the rural and semi urban regions of the nation (Tse and Soufani, 2003). Hence individuals living in such regions find it easier to shop through E-commerce platforms. They are therefore able to procure branded
Many advertisers are spending time and money on online technologies. More marketers are advertising on internet and more companies are doing online business as well, so this is increasing the revenue of online media. Newspaper advertisement is declining because internet advertisement is facilitating both the marketers and the consumers. (Evans, David S. 2009)
In today’s era “INTERNET” is playing a significant role in our daily life. People can walk through the internet to one who is actually living on the different side of the planet, can send mails round the clock, search information & even buy things online. With this invention of internet there is a shift in traditional way of shopping. Now there is no need to open a physical store. One can be active at any time and place and purchase products and services. The number of users of internet is increasing day by day which means that online shopping is increasing. Various characteristics of online shopping is making it more convenient for the customers, as compared to traditional way of shopping such as the ability to view and purchase goods and
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 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.
Online shopping is the latest and greatest craze in the history of the internet, it’s fantastic! You can sit in the comfort of your own home, being as daggy-looking as you like and shop for all your pantry needs or buy that dress you’d like to wear out this weekend, its takes shopping to a whole new level. My favourite online shopping (because I’m female) is online fashion, I love the convenience of being tired and not having to go anywhere to get an outfit.
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.
M-commerce (mobile commerce) is the buying and selling or transaction of goods and services through wireless devices such as cellular phones and personal digital assistants (PDAs).
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.