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Assignment on e-business
Internet and ebusiness
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The use of the internet and related technologies to encompass every business process that aim to integrate sellers with the consumers and suppliers using the internet is known as E-business. Before to decide to conduct business online is fundamental to know the main advantages and challenges that the company will deal with. The biggest advantage is expanding global reach, which means that the company can have a worldwide presence. The product can be available to customers from all over the world and it provides the opportunity to increase sales and open new markets that could not be reached before. In addition, an online strategy allows the company to be free of costs that are incurred only in physical stores. Besides that, the order process …show more content…
The various challenges to businesses include technological, regulatory and legal, social, ethical, educational, political and behavioral challenges, and other various ones. Related to technology, many issues can affect the solution, including security issues, systems application and integration issues, inappropriate network infrastructure, richness, and depth of information available over the internet. The difficulty in regulating and enforcing standards, due to lack of consistent rules and policies; duties and fiscal policy uncertainties; and government intervention are some examples of challenges related to legal e regulatory aspects. Changes in customers’ behavior also produces behavioral challenges to business. It includes their fear of invasion of privacy, lack of trust and cyber …show more content…
Considering that the company sells their products directly to customers, the recommended business model is Business-to-Consumer (B2C) which involves transaction between business organization and consumers (See Figure 4).
The appropriate use of e-commerce tools to connect and communicate with customers can make difference to the business’s success. In terms of communication, the use of Instant Messages (IM) would help customers to clarify doubts, register complaints and address many other subject. The use of an email is still important because the time zone difference. And finally, it is recommended to use a Search Engine Optimization (SEO) that will allow to increase the amount of visitors to a web site by obtaining a high-ranking placement in the search results page.
To measure e-business success is also primordial. Through the web metrics is possible to control and analyse how people use the company’s web site. The use of clickstream data metrics can provide a whole pattern of clients’ navigation and numerous information on how consumers use the website. To the company it is essential to measure at least the number of visitors per day, week and month, the products that were more visited, number of new customers, and revenue generated by web
The problem causes the harm to companies’ image, the troublesome to consumers, the loss of confidence in the rule of law and the increase in the awareness on privacy and respective solutions are provided to tackle the consequences. Consumer privacy is an essential element in e-business. To further expand the utilization of e-business, each party should bear the responsibility to respect the privacy and to respect human rights.
In today's business world, e-business activities of various types contribute significantly to the efficiency of business processes, and to the recognition of products and services. The Internet plays a very important role in this process, as it offers numerous possibilities for communication with customers and performance of business activities. With the Internet fast becoming the platform of the day for conducting commercial activities and business transactions, it is important for companies to take advantage of information communication technologies, electronic commerce, mobile computing, and software agents. The internet has played a pivotal role in changing how business is conducted across the world. Due to economic globalization, Ebusiness has become a necessity for companies to remain competitive. It is usually possible to categorize most e-business solutions as either business-to-consumer (B2C) or a Business-to-business (B2B). This paper will explain the supply chain differences of B2C vs B2B and how they differ from one another.
E-commerce is about two decades old, yet due to its fascinating dimensions, it remains a challenging area for researchers and professionals.
Web Analytics is not only used for analyzing the data usage on websites but are also widely used to monitor website traffic, to optimize an organization e-commerce initiatives, Digital Marketing, Advertising (through web campaigns), Customer Surveys, Referral programs, Click streams, etc. Consumer preferences or behavior are well explored by marketers who understand these dynamics by identifying areas where consumer is more likely to click often when they are online.
Internet commerce is one of the fastest growing industries today. With the wide range of capabilities the web has it make it easier and cost efficient for businesses to make transactions with other businesses. One factor that allows businesses to find each other is search engines. Search engines are part of the reason the web is growing so rapidly.
E-Business Models Evaluation Abstract According to Richard Trambly, writer for Computer World Magazine, “An e-business model is an approach to conducting electronic business through which a company can sustain itself and generate profitable revenue growth. The business model spells out how a company plans to make money online and how it's competitively positioned in an industry.” This paper will examine three websites that are geared to different populations. First, we will examine a business to business site (B2B), secondly a business to consumer (B2C) site and lastly a site for a non-profit agency.
Nowadays, in this era, mostly everything can be done by online. Online ordering system can be refer as an e-commerce function where an organization allows user or customer to order and make purchase product or services via the official website. Since the internet is booming, having an online ordering system can boost sales to some extent as it eases user or customer to place an order for the company’s or an organization’s services. So that, people can place an orders from their home as they have a computer or laptop, or using smartphone with internet connection.
The are two basic categories of business conducted over the internet, Business-to-Customer (B2C) and Business-to-Business (B2B), and they share one common key aspect - use of Internet technologies to manage all aspects of the business.
E-business is when information and communication (ICT) technologies are applied to support all the business activities. IBM’s marketing and Internet teams have founded the word “e-business” in 1996.
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.
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.
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.
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.
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.
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