One of the most surprising but indirect impact e-commerce have had is associated with the way society has incorporated it into their everyday lives and its ability to drastically change the way businesses now interact with their employees, consumers, and business partners. Entrepreneurs are now able to start new businesses more easily, with smaller up front investment requirements, by accessing the Internet's worldwide network of customers (Jones, B., n.d.). China, with the third largest user population, is expected to gain market share-particularly in light of the prediction that it will surpass Japan and become the largest Asian Internet market during the coming year (Styliano, A., Robbins, S. & Jackson, P., 2003). E-commerce gives small businesses the competitive edge against large multinational organizations in the global market. Now that electronic commerce has become an integral part of everyday business, we now must take a look at how the emergence of e-commerce has affected the global marketplace and how has e-commerce changed the standard and quality of living.
The growth of the Internet in the past 10 years has been phenomenal. Companies large and small have embraced the Internet as a tool that can potentially expand their business beyond the traditional boundaries, which can give them a competitive advantage in the market place. The Internet and E-business websites seemed to many companies in the mid nineties as an elaborate, expensive and unnecessary company brochure. But the rapid evolution of e-business and Internet usage has seen their opinion dramatically change. In fact, companies now realise that they must participate in the e-business revolution to succeed in the modern and complex business environment.
At the same time, Alipay ranked top, accounting for 80 percent which now had expanded its position to the global mobile-payment market. Now, China is seen as a giant in the mobile payment market which is one of the largest growth market in the world. It is benefited from its stronger online market with importance overlap between banking and bill payments. With a well-supporting environment, several added value services are also widely used mobile payment as one of the channels.
They are affordable and accessible. As the result of the changes the worldwide and national business environment has undergone, people own 1-2 cell phones on average. However, the mobile markets in US seems to have been saturated. T-Mobile started to explore developing countries’ markets to increase market shares and maintain its profits. “As penetration rates in many developed regions such as Europe approach 90 percent or more, mobile operators and handset makers are looking to new markets where people may have never even picked up a regular telephone” said by Marguerite from CNET News.
In fact, how does this new type of business model influence traditional telecom sales mode and how Apple integrate the upstream and downstream value chain are worthy for further study. According to Chesbrough & Rosenbloom (2002), a successful business model not only can create value, but also can sustain value gets from rivals, while maintains cost and pricing ... ... middle of paper ... ...t, mobile phones are only used for voice and text service. However, with the development of communication technology, mobile phone not only provides voice and text-messaging function, but also provides high speed mobile Internet (Miller, 2010). The Third-Generation (3G) technology brings people from computer network era to mobile phone network era, which allows people enjoy Internet service through smartphones without sitting in front of computers. According to GSMArena (2010), the number of 3G subscribers reaches 500 million worldwide.
Mobile phones are reaching whole around the world and will dramatically change to express the new lifestyle of people (Friedrich et al 2009; Xinze, 2008). Such technology has made more and more everybody be reachable (Marez et al. 2007). The mobile penetration and adoption are almost 100% in western countries and several Asian countries (Netsize, 2007; The Economist, 2005). This phenomenon is the ubiquitous revolutionary helped in the adoption and distribution of mobile commerce since it allows marketing activities tailored to actual customer needs and tastes (Barutçu, 2007), and more precisely targeting customers by using face-to- marketing communications person compared with impersonal and mass media (Carter, 2009;.
It is also documented that, "Dell currently sells about $14 million in equipment everyday, 25% of which is over the Web." The hype concerning e-commerce is justified by many of its aspects. There are many reasons why e-commerce continues to grow at an exceeding rate. E-commerce has lower transaction costs by using automating processes. It is also documented that consumers participating in e-commerce have larger purchases per transaction.
Cell phones have also seen a revolution by becoming faster, more efficient and more feature-rich. It is even possible to check email on the way to work using a handheld device. A Nielson fact sheet outlining the usage of various devices in America shows that “there are 223 million cell phone users over the age of 13, and 25% of the mobile devices sold during Q3 of 2009 were smart phones. That is estimated to go up to between 40-50% during 2010” (Heimbuch). Individuals can text, status update, tweet, or reach other seamlessly by mobile devices that can fit in their pockets.
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 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?