Introduction The existence of many sophisticated computer systems and various innovations in the Computer Age justifies the need for new ways of sales in society. The need for share of information in a so called ‘global network’ and man’s desire to communicate from long distances called for the birth of the World Wide Web (formerly known as ARPANET). With the advent of the internet, many of the mundane tasks and businesses became feasible. Things like buying and selling can now be done online. Consumers no longer need to move from their place. A few clicks from their home would suffice enough to do the job. Not only the Internet facilitate purchasing, but it also provide s distance education. Students can earn a degree by taking an online education by means of the Internet. 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. Consequently, e-business and especially online shopping is crucial for retail stores. They should provide necessary infrastructure for selling their products online. By taking advantage of e-business not only they can get competitive advantage of online shopping, but the... ... middle of paper ... ...rstanding the difference between GP, NAV, SL and AX”. Viewed 14 May 2014. Rayne, PB, Kulkarni, P, Patil, S & Meshram, BB 2012, ‘Authentication and Authorization:Tool for Ecommerce Security’, Engineering Science and Technology: An International Journal, vol. 2, no. 1, pp. 150-157. Schneider, GP 2011, Electronic commerce, ninth edition, Joe Sabatino, Boston. Symantec 2013, Secure Sockets Layer (SSL): How It Works, Symantec, viewed 15 May 2013, . The Iconic 2013, Return, The Iconic, viewed 15 May 2013, . Yahia Zare Mehrjerdi, (2010) "Enterprise resource planning: risk and benefit analysis", Business Strategy Series, Vol. 11 Iss: 5, pp.308 – 324.
Diffie, Whitfield. (2008). Information Security: 50 Years Behind, 50 Years Ahead. Communications of the ACM. 51(1), 55-57.
Clothing stores often overstocked merchandise, clothing that has been returned by customers or items that are past their sell-by season. It would not be good business for these stores to throw out merchandise. Clothing stores have been known to donate some of their clothing but this is not something that most of them do. Giving away amounts to loss in profits and that is just not good business. Clothing stores often work with wholesale pallet companies who buy all the excess stock in bulk to resell. What the wholesaler does is pick up and pack merchandise into big pallets and sell at a cheaper rate. Where can you find these bulk wholesalers that sell by the pallet? The internet, of course. Finding wholesalers might be as easy as typing a few
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.
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 growth of e-commerce is still predicted to occur as multitudes of people come online every year. Therefore more and more people are expected to evolve into regular buyers by each succeeding year. To stay alive in the industry, though companies must be able to take advantage of and adapt to newer technologies, the tried and true factors of success should never be overlooked, because they lay its foundation.
...l for enterprise resource planning implementation¡±, Proceedings of the 7th European Conference on Information Systems, Vol. 1, pp. 273-97.
In today's competing world, many organizations are rethinking their strategies in terms of the online business and its capabilities and culture. Organizations are taking advantage of the widespread web to buy and sell goods from other companies and recently from individual customers. Exploiting these opportunities of convenience, availability and widespread reach of the web or Internet, many companies such as Amazon have benefited from the use of web successfully.
In today's business world, many consumers prefer a company's presence & position on the internet. E-Business is a magical marketing tool for most companies. The term attracts attention and affects the fundamental tasks of a company's day-to-day operations. Companies have not confused the financial woes of various venture capitalists in the dot-com industry with the wide-range of possibilities offered via e-business. If positioned properly, a company could effectively influence the opportunities on e-business in a well-managed manner.
National Institute of Standards and Technology. (January 19, 2001). Advanced Encryption Standard (AES) Fact Sheet. Retrieved December 8, 2001 from http://csrc.nist.gov/encryption/aes/aesfact.html
Since its comet-like boom in the nineties the internet has attracted myriads of companies to do business on this boundaryless media. And the boom does not seem to stop. eCommerceis a catchword, which stands for a whole branch of new types of businesses that mushroomed up in the last couple of years. Retailers, all sorts of companies, even law offices are using the web for their daily business. There seems to be no comparable other way to develop and exploit global markets. The internet is more and more used as a fast, innovative and cost-saving tool to gain and serve customers where they feel most comfortable and relaxed, namely right in their office or at home (Jonscher, 1999, p.204). In the following there are just three examples of companies, which base a significant fraction of their business on the web.
- Scheer, A, Habermann, F, 2000, "Making ERP a success", Communications of the ACM, 43 , 3, 57-61.
Business today is inextricably intertwined with technology, from the smallest home office, to a multinational corporation with multiple monolithic legacy application. It is impossible to be in business today without confronting the issues of technology. The way we do business today is different than 30 years ago. Technology has evolved around the areas of telecommunication, travel, stock market, shipping even around our daily lives. E-commerce a system by which people can buy, sell and deal without even seeing the person on the other side has taken a front seat in improving the economy of countries around the world. Technology today has made it possible for monetary institutions to help locate the customers resources and help solve their problems at any given time through online banking. The Internet, a boon to all business, is playing a part of a catalyst; it links millions of customers to its suppliers and vice versa due to this, manufactures are able to cut the role of middlemen and are able to deal with the customers, giving them the ability for direct input from the customers about their choices and views of their product. The busi...
While in today’s environment, buying and selling through internet are the trends. Research shows that the growth for people and business involving in e-business is increasing. According to (Ho and Lin, 2010), information technology as a rapid growth field, is one of the most important
Economy is one of the factor that drive each country forward. Variety of business could help boost up the face of the country’s economics. With human’s needs rapidly changing every passing day, all kind of method of business come pouring out to satisfy the needs being given. Online business is a new comer phenomenon of marketing strategy that is also major in rising the country’s economics. Due to its stability and availability, it has become one of the most common ways to shop nowadays. However, the good has its bad, the flaw of online shopping is that it could not obtain some products or it is not wise to obtain those products the same way as the physical store for instance, clothing, electrical goods, and plants. Online shopping is a great
The Internet has become a key ingredient of strenuous and busy lifestyle. ‘Internet’ has become the central-hub for communication, explorations, connecting with people or for official purposes. Resultantly, Internet growth has led to a plethora of new developments, such as decreased margins for companies as consumers turn more and more to the internet to buy goods and demand the best prices.