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E-commerce b2b Essay
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Business-to-Business (B2B) Over the past few years, the travel and tourism industry has experienced a major increase in online travel and bookings, due to advanced Internet technology and networks
(Vladimirov, 2015). Business to Business (B2B) Ecommerce involves conducting business transactions between companies or government entities over the Internet or World Wide Web (Yazdanifard, et al., 2012). B2B transactions replace complex written and verbal negotiations over complementary services, prices, or products between repeat customers or trading partners or associates (McElheran, 2012). For the past few years, B2B online transactions in the United States reached over $56 billion dollars and over 70% of Internet revenue (Janita et al.,
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Business models provide structure to an organization, ensure that the company is profitable, and differentiate themselves from competitors by marketing various products and services (Jovarauskienė et al., (2015). Business models convert ideas and technologies into outcomes, and create opportunities: cost and revenue (Sako, 2012). According to Granados (2008), computer technology that incorporates travel businesses with retailers, distributors, and suppliers is vital in developing a successful e-commerce business …show more content…
Expedia, Priceline, Travelocity, etc. serves as business-to-consumer online travel agencies. Travel agencies should focus on 12 critical success factors of B2C ecommerce to achieve efficient operations in the competitive travel and tourism industry. The 12 critical success factors are: (1) product content and variety, (2) privacy policy, (3) purchase procedure, (4) pricing, (5) promotion plan, (6) payment model, (7) product mix, (8) product search and order tracking, (9) assurance, (10) identity verification, (11) return and refund
The growth of online business has grown enormously over the years. Cliptomania is a family operated and owned small e-business that primarily sells clip on earrings (Brown, DeHayes, Hoffer, Martin, & Perkins, 2012, p. 308). Cliptomania early developments were very modest, and as such the company experienced copious strategic dilemmas. An initial strategic dilemma that the company encountered when establishing and building their new e-business undertaking was to create a website for the business operations and essentially to have it fully operable. The owners, Jim and Candy elected to hire a vendor to host the website and additionally utilize the IT systems resources of the vendor to sustain their business. At the very beginning they exploited the offerings of the Yahoo Store. However, continuing down this avenue of using the services of the Yahoo Store inevitably became too costly. By using the services and business offerings of a vendor made it convenient and effortless for Jim and Candy to start their e-business store. Unfortunately the couple did not have much in the way of professional help, and so they had to create and put together the website by themselves. Additionally they also had to deal with establishing their online credibility as many customers preferred to call in their orders just to talk with a real person before being comfortable enough to place their orders via the webpage.
With AXI Travel, AXI was able to identify exactly what the customer was looking for, listened to the recommendations of the customer and implemented those recommendations, and worked with the leading name in IT to develop an ASP superior to any of its competitors. Leveraging the infrastructure already in place to develop new e-businesses, while providing incentives to the consumer to use all of the AXI e-businesses, solidified a customer base for their internet offerings. If AXI wants to remain a leader in the internet business corporate services industry, they need to continue these best practices of sound customer service and rapid innovation in the future.
Business model design is a problem-solving process that focuses on how to create value for customers through a unique, sustainable business structure (Wei, Yang, Sun, & Gu, 2014; Esslinger, 2011). Business model innovation has been defined more specifically as the “discovery of a fundamentally different business model in an existing business” (Eichen, Freiling, & Matzler, 2015). There are four objectives to a business model design or innovation process: (1) satisfy an existing but unanswered need, (2) bring new technologies, products, or services to market, (3) improve, disrupt, or transform an existing business market with a better business model, or (4) create an entirely new market (Osterwalder,
Zott, C., Amit, R. And Massa, L. (2011) ‘The Business Model: Recent Developments and Future Research’, Journal of Management, vol.37, no.4 pp.1019-42 [Online]. Available at http://jom.sagepub.com/content/37/4/1019 [Accessed 24th November 2013]
Technology has created a major impact on the way in which all organizations market their products and services. With the development of the internet, companies are now able to economically market themselves on a global level. Even smaller companies that were once not able to capture international business due to the cost factor can now do just that. The Washington Plaza Hotel is no exception. The hotel industry in DC relies heavily on tourism as a major part of its client base. Many of these tourists who visit the city are of foreign nationality. It is important that the Washington Plaza Hotel targets these people when marketing the company. Not only do they target the tourist but they also target the international business travelers that come to the city on business related trips. The hotel's website, which gives detailed information about the hotel's accommodations and services, can be accessed by potential customers all over the world. In addition, the Washington Plaza Hotel has teamed up with such web-based travel services like Orbitz, Expedia, Travelocity, Etc. in order to capture more of the global market. Before the existence of the internet, the global market was not easily reachable. Technology has the greatest affect on marketing for many organizations and certainly for the Washington Plaza Hotel as well as the hospitality industry itself.
In two distinct e-commerce business types, Business-to-business (B2B) and Business-to-Consumer (B2C), there are many differences in the way they operate. Specifically in marketing, differences include how the marketing is driven and the values of the strategies, the size of the target market and length of the sales cycle, and even the buying patterns of the target consumers. Each of these differences will be better defined and explained in the following paragraphs.
Shafer, S. M., Smith, H. J., & Linder, J. C. (2005). The power of business models. Business
There are many organizations currently operating on business models and strategies that were developed several to many years ago. These models and strategies may work but can they be better? Over the past decade information technology has advanced, e-business models have exploded, the Internet has been on fire, and CEO’s have changed so fast it can make you dizzy.
Today, nobody wants to follow the old fashioned “call or email and book” method to make reservation at a hotel. Guests are increasing turning towards technology and several platforms that are powered by internet. Guests make their reservations after doing a thorough research much before their travel date. In a situation like this, it is quite imperative for a hotel to make itself availa...
When the buzzword of business model was very active and reactive during the internet boom, many individuals did not understand the concept of the proper business model for the proper business (Magretta, 2002). When not utilizing the right type of model for the organization, the model will be misused and distorted (Magretta, 2002). Understanding the traditional organization and learning organization, will allow an organization to determine which time of organization they desire the most.
Zott, C. et al (2010) «The business model: theoretical roots, recent developments, and future research», Working Paper 862, June 2010, Navarra: IESE Business School – University of Navarra.
Osterwalder and Pigneur defines a business model as “the rationale of how an organization creates, delivers, and captures value. The business model is a macro level plan that will guide how a firm will conduct itself with suppliers, buyers, and partners in its pursuit of these profits. The innovativeness of a firm’s business model is just as important as what product or service the company provides in it achieving superior performance and gaining and sustaining a competitive advantage (Rothaermel, 2015). The nine building blocks of a successful business model include the following: customer segments, value propositions, channels, customer relationships, revenue streams, key resources, key activities, key partnerships, and cost structure (Osterwalder, Pigneur, & Clark, 2010). Three popular business models mentioned by our textbooks that companies are adopting include “Bait & Hook,” Freemium, and
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 and e-commerce are terms that are sometimes used interchangeably, and sometimes they are used to differentiate one vendor’s product from another. In both cases, the e stands for "electronic networks" and describes the application of electronic network technology - including Internet and electronic data interchange (EDI) - to improve and change business processes (Bartels, 2000)
In recent years, business tourism has become increasingly prevalent and prevailing in the tourism industry. There are large quantities of significant changes which have far-reaching implications for all consumers and suppliers of business travel such as consumption patterns, great developments in transport and communications technology, and the world´s political and economic changes related to tourism industry. All these developments have brought large effects on business travel as well as the main challenges to this sector for the coming years. Every day, tens of thousands of people are beginning or ending their business trips all around the world, while numerous conferences or exhibitions are being held globally, so business tourism is a