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E-business and the economy
The importance of e - commerce in business
E-commerce and its development
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Recommended: E-business and the economy
Local SMEs need to increase the use of information technology to enable them to explore and compete on equal terms in the global market. Although the cost of the use of information technology is not cheap, in addition to getting trained in this field is quite difficult, the SME sector needs to realize that this case is an investment that cannot be avoided. To keep survive in the business and be succeed in the industry, an organizations needs to have an implementation of information technology and system strategies in their business processes. This is because the elements of Information technology and systems are became expanded in this ages. Faiza sdn bhd needs to have concerned on the particular element that give them the new strategies in implementing information technology and system.
i) The Cloud
The use of cloud computing as the business information technology and system strategy will change the position of the business company to be better than before. The cloud is a model for delivering information technology services in which resources from the internet through web-based tools and applications, rather than a direct connection to a server. Basically, the cloud will be work remotely and it will continued allow the access as long as the electronic devices are using and connected to the web. From the use of the cloud computing, it is a really cheap way for companies especially Faiza Sdn Bhd to have all the resources they need in once place. It’s a much better way to spread their resources, and it becomes easier to access things from longer distances.
ii) E-Commerce
In applying the IS/IT strategies in this company, I proposed that this company should have e-commerce element in their business which is used the internet as an ...
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...the cost effective development, it no need to be apply or tested in any possible operating system or configuration because this application itself was developed for a single operating system. Besides, the user can access the application everywhere as long as they have the connection to internet and PC. Web based system also is easy to customize because another user will easy to update the interface that can attract people and can customize the presentation of information to another group of user.
vi) Open source
Open source software is a software that can be used by anyone without any charge needed and it will be freely used and available in modification and enhancement. The benefit of open source software in business is the need of a simple version application that can be customize or making an enhancement such as word processing or any easily editable website.
As its core essences cloud computing is nothing but a specialized form of grid computing and distributing computing’s which various in terms of infrastructure , deployment, service and Geographic’s dispersion (Veeramachanenin, Sepetember 2015) the cloud enhance scalability, collaboration, availability , ability to adapt to fluctuation according to demand accelerate development work and provide optional for cost reduction and through efficient and optimized computing. (BH kawljeet, June 2015) cloud computing (CC) recently become as a new paradigm for the delivery and hosting of services our the internet. There are mainly three service delivery model Software as Service (SaaS) required software, operating system and network is provided or we can say in SaaS the customer can access the hosted software instead of installing it in local computer and the user can access these software through local computer internet browser (e.g web enabled E-mail ) the user only pay and the cloud service provider is responsible for management or control of mobile cloud infrastructure some of the company which provide such service are Google, Microsoft , Salesforce ,Facebook, etc…..Infrastructure as Service(IaaS)the cloud provider only provide some hardware resources such as network and virtualization is
Two organizations that show the importance of aligning a company’s business strategy with their IT strategy are Cirque du Soleil and Major League Baseball. Both of these organizations rely on digital technology to make it easier to provide to their customers better entertainment through collaboration.
E-commerce is an emerging area that encompasses the process of indirectly or directly buying, selling, trading products and services electronically (Yasin, Mario, Czuchry, & Lisboa, 2010). As a result of market placement advancements in the realm of technology, there have been a growing number of organizations that have re-engineered the way in which they operate so as to maintain consistency with the emerging e-business model. The internet has been growing at an unprecedented rate, and as such, the facets of the way organizations perform e-commerce has been changing to meet economic demands. One of the most important factors for an organization is to understand what contributes to effective e-commerce as this provides them a competitive edge. According to a study conducted by eMarketer Inc, the internet has become a dynamic virtual medium for buying and selling services and products and sales have been approximately 32.4 billion in both the public and private sectors in 2005 (eMARKTER INC, 2006). This paper will briefly explore the importance of Canadian e-commerce by closely examining the key trends.
In summary, “Internet activities are not most significant in competition, such as informing customers, processing transactions, and procuring inputs”. (Porter, 2001) significant corporate assets--skilled employees, proprietary product, and efficient logistical systems – these factors are the most important to keep competitive advantages. In fact, it is foreseeable that the Internet's evolution will come up in the future involve a shift “in thinking from e-business to business, from e-strategy to strategy”. (Porter, 2001)Only by integrating the Internet into overall strategy will this powerful new technology become an equally powerful force for competitive advantage.
Even though cloud computing is still an emerging technology there are many benefits to our organization by adopting this technology. For instance, the reduction of operational cost, the ability to access data from any network and device, and the ability to upgrade and downgrade with ease whenever needed. Looking at the statistical data from companies that have adopted this technology, I think Partners in Heath should adopt Cloud computing. It think it is the perfect technology to solve our financial problems, as well as adding several benefits mentioned earlier.
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...
Cloud computing is able to increase the speed of business. Cloud computing offers the speed to make computing resources on an instance basis, not just need to first survey time and skilled resources in design and implement infrastructure and applications to deploy and test it. Cloud computing can engance revenue, share bigger market, or other advantages.
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.
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.
Shin, N. (2001). Strategies for Competitive Advantage in Electronic Commerce. Journal of Electronic Commerce Research, 2 (4), pp. 164-171.
In cloud computing, the word cloud is used as a metaphor for “the internet”. So the cloud computing means “a type of internet-based computing”, where different services such as servers, storage and applications are delivered to an organization’s computers and devices through the internet.
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.
The report also talks about the differences between, advantages and disadvantages of e-business and e-commerce. Recommendations and advice have been given in the end for businesses intending to adopt an e-business dimension.
E- Commerce is a phenomena that is emerging rapidly between businesses all over the world, and it has affected the businesses at all sizes in many aspects.
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...