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Impact of the Internet on shopping
Impact of online shopping on consumers
The impact of online shopping on consumer behaviour
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Recommended: Impact of the Internet on shopping
Is Online Shopping our Future? With increasing technology, the future of retailing will be shopping online finding the best deals to purchase or ordering direct from places like QVC while enjoying the comfort of your own home. Fewer trips will be made to malls because of the busy lives consumers lead. The majority of consumers already have a vested interest in the internet, which is utilized for researching everything concerning decision making. A lot of decisions will be made based on social networking online. We can take as much time as needed, think about it, research, and still make the purchase without leaving home. Retailers are spreading their products online also. They realize the needs and want of consumers and are expanding their products to reach them. Most companies have expanded their customer service so consumers can chat with a live agent online if there are questions. This is not to say that malls will disappear, we as consumers, will always have a need to go walk around, window shop, and buy. Time Magazine’s article by Erin Skarda wrote about how retail technology formerly associated with online shopping is making its way to brick-and-mortar stores. “The latest digital innovations seamlessly bridge the gap between the online and offline worlds, creating user experiences that are interactive, socially integrated, personally tailored – and ingrained into our everyday activities,” she wrote. “It may very well be the next wave of a technological revolution, and at its core is one of the most social hobbies we partake in: shopping.” The pace of change in the global marketplace is breathtaking and requires a challenge of speed. Customers are demanding good interactions and businesses have to be tailor... ... middle of paper ... ... Retail will change over the next decade with the driver being the smartphone. Smartphones allow customers to find the right product for the right price. Businesses should have a strategy for mobility high on their list. Consumer’s mobile use and access is constantly rising and will have a great impact on business with unfriendly user sites. According to Google’s Mobile Ads Blog, “96 percent of consumers report they’ve encountered sites that were clearly not designed for mobile devices. Fifty percent said that even if they like a business, they will use them less often if the website isn’t mobile-friendly,” Overall, through research it appears businesses are going to have to have user-friendly sites to make shopping on line accessible, and department stores are going to have to be very interactive to entice consumers to return in order to stay competitive,
Compared with the rate of many decades before, the rate of mobile usage is zooming these days. The developments of general economy and technology revolute peoples’ life styles and bring mobile business into a new page. Nowadays, business trends could still make a huge difference in those mobile companies.
The growing popularity of online retailing is attracting competition from traditional and online multi-retailers such as Wal-Mart and Amazon which are gaining considerable market shares in many of the product segments included in the specialty retail sector.
In the last decade, wireless communications technology has grown rapidly in the global business community. The convergence of two key wireless technologies- mobile wireless communications and the internet has presented a plethora of opportunities for organizations through mobile business hereinafter referred to simply as m-business. M-business is a new business model which utilizes the internet for data/voice transmission through the deployment of wireless devices like smart phones, tablets and e-purses (Gartner, n.d. ). According to Picoto, Belanger and Palma-dos-Reis (2013) m-business has revolutionized the way organizations conduct business as customers are increasingly resorting to m-business. This pragmatic shift can be explained by the reliance on mobile devices for example smart phones to shop online. Undoubtedly, the market for m-business is on an upward growth curve with forecasts establishing higher global uptakes in coming years (Picoto, Belanger, & Palma-dos-Reis, 2013). With such high growth potential, one cannot help but ask what value m-business holds for contemporary organizations?
Based on these concerns, retailers in the international marketplace have their work cut out for them. But through proper education of consumers, and the ever-expanding growth of the infrastructure in many countries, the future seems to be leaning heavily towards using the Internet for many needs.
Online shopping has been growing since the put the first online store on the web, now you can shop from anywhere around the world and have it shipped to you directly. Comparing the product against other online store competitors; making it easier to find the best price on the web. You can research the product and make sure this what you need before buying it. The internet is twenty-four hour shopping center, you can shop at what ever time you and wherever you have time for it, making it more convenient to use online shopping. Using it can create more time for the things you would like to do.
Ten years ago, smartphones and tablets didn’t exist. Most business communications were conducted face to face or in ways that today seem tedious. The access to business information and applications through mobile devices has grown exponentially. There is no sign that this emerging technology will stop. Apple’s iPhone and iPad running IOS are leading the mobile business market due to the flexibility and ease-of-use. (Kim, 2010)
Conglomerate online retailers such as Amazon has become popular among consumers and made it difficult for retail stores to compete. “The rise of e-commerce and discount chains means that as many as 25% of U.S. malls will close by 2022”, Phil Wahba states in his article
The year is 2014, the markets are changing constantly, and they always have to meet the needs of new consumers as well as old consumers. Mobile telephones have been in the retail and wholesale business for quite some time, and are only evolving from here on out. There are things that these cell phones can bring us that are major benefits in our everyday lives. Cell phones bring us maps, radios, address books, and even flashlights now. Cell phones have taken shape from a huge portable device to a more convenient thin device that can fit in your pocket. With time in any consumer market, the consumer adapts to the technology that makes their life easier. The constant innovation of cell phones has led us to smart phones, and these smart phones are capable of putting certain businesses out of the market. Businesses that engineered PDAs in the past were met with challenges because smart phones are able to match their productivity. Land lines have become useless since everyone can afford a mobile device now. Listening to music has also switched from a traditional CD Player/MP3 Player to an everyday smart phone.
The integration of a variety of information systems into business operations is necessary for growth in the dynamic business environment. These information systems can be minimized and fixed into mobile devices such as smartphones. The use of smartphones can play an important role in supporting business processes and operations, developing strategies for competitive advantage and decision making. These smartphones allow employees to be linked to the office, its data and resources, without being in the office. The use of smartphones for business processes can make the business more efficient and effective. They make it easier for co-workers to communicate among themselves and facilitates better communication between the business and its employees, customers, suppliers and even other businesses, and makes it possible in real-time. For CPS Energy and Lloyd’s Construction, although they were doing well, they realised that they could do much better. They needed to find new ways to further cut costs and maximize profitability. They both decided that the best way to do that was through the introduction of smartphones in their business operation.
Thau was inspired by the Bashar Nejdawi, president of Ingram Micro Mobility that is a provider of technology and supply chain services. According to Nejdawi, “In five years, consumer electronics stores as we know them today won’t even exist, and the same rings true for our favorite apparel brands”. He also asserts that three influential factors will change the retail landscape: instant gratification, borrowing and customization. A good example of instant gratification is Uber or Amazon. The Uber customer can see in real time where the Uber car is and when is going to arrive. In the same way the Amazon provide fulfillment program that allow retailers to sell products that are not physically in storage. In this way the retailers do not have to care about inventory and can concentrate on marketing. Secondly, the borrowing culture is going to grow. As an example is Zip Car or Netflix applications. On the Zip Car program someone can borrow a car just for few hours. Likewise, some business offer a mobile device rental program that allow a customer to lease the latest device for a fraction of the cost. Further, the customization program permits customers to choose their preferences before the product is being made. As an example is miAdidas company that gives to the clients the possibility to create
The main advantage of online shopping is convenient. Online shops open 24/7. People who live in remote areas do not need to speed long time on the traveling to the stores. Consumers who come from other cities/countries can easily buy the native and specialty goods by just a click instead of going to that cities/countries themselves. The relevant information of products can be received from any location in seconds. Study showed that 72% of online shoppers preferred surf online than go to retail store to attain information about a product (Lokken et al., 2003). Online shopping also has greater price information (as cited...
I think it’s amazing how technology has evolved, even though it is making us lazier. It’s an exciting opportunity for business owners and retailers, by using social media they can really get their business out there for the world to see and build up their reputation. The can hold competitions which also gives the company free advertising. It’s ridiculous how many people have turned to online shopping instead of going outside to buy the items they need or want. I find it to be reliable and since the invention of PayPal, safe. I find it easier to learn by online means by simply typing what you’re searching for, or what you need to find out into google search engine, it’s quicker and easier to do. All your information is at your fingertips! Using online resources to learn is both handy and quick, and with technology today, books will be a thing of the past very soon.
Since electronic retailing or e-tailing has become a global bazaar and non-store form of retailing, it has considerable attention in the recent past. Retailers using this communication model in the virtual workplace have designed various strategic measures across different communication mediums to attract new customers and promote customer loyalty. The communication model is characterized by three inherent behaviors i.e. product search, purchase, and partnerships. Each of these behaviors enables e-commerce because of its distinct contribution to the communication process. The communication model can become a limitless source for retailers in the modern business environment when it involves a combination of various virtual mediums.
The Internet is rapidly becoming widespread and widely used as a tool for globalization across the world. As the Internet became more easily accessible by most people in the world, the web is bringing significant implications and changes to the way we live, including the way we shop. There is a rapid growth with e-commerce and moving businesses onto the web and retail success is no longer about stores and shopping centers. In developed countries, about two thirds of the population have access to the Internet making the option of online shopping is easily accessible to most people (Valerio). With the ease of shopping in your own home there are many benefits of doing your shopping online. Consumers can easily compare prices online, there is a larger range of products on the web, you can save time by having your shopping delivered right to your doorstep and it also overcomes physical barriers. Over the last decade online shopping has challenged and replaced the traditional means of physically going into shops as the digital world has provided customers with further convenience, flexibility and comfort from shopping from your own home.
Instead, you can sit at your desk in the convenience of your home or office, shop online, and get it delivered to your home. Of course, the nostalgia of shopping in stores will not go away any time soon. But, you can see it will hurt companies who choose to be stubborn towards the Internet and refuse to establish a website. Clearly, you can see that the Internet has an impact on fields such as business and education but it doesn’t stop there. As technology improves, so does the need for a better quality and efficiency of internet, and thus ways to access the internet are always being formed and improved