Nobody downloaded yet

Effects of Electronic Business on Management in the Global Markets - Term Paper Example

Comments (1) Cite this document
Summary
This paper highlights that it will expound on the effects of electronic business on management in the global markets, and an overview of the electronic business foundation. When it comes to the e-business, business people apply technologies to support the overall activities of their business…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.7% of users find it useful
Effects of Electronic Business on Management in the Global Markets
Read TextPreview

Extract of sample "Effects of Electronic Business on Management in the Global Markets"

Download file to see previous pages Evolution of globalization and competition brought about new opportunities coupled with challenges. Firms strived to discover valuable and effectual models and applications of electronic business to contribute to their growth, sustainability, innovation, and implementation. Agreeably, this is an imperative moment for successful inclusion of electronic business into global management society. The explosive growth of the internet and its functions has led to the creation of a network that connects people and businesses globally. It is not possible to ignore the growing importance of electronic business in this light of the prevailing dynamism of technological surroundings. Introduction of electronic commerce revolutionized markets as people can purchase goods and services online (Shaw, 2003). Corporate companies that engage in millions of transactions per annum can now interchange data. Today, electronic business has expanded to include other processes of business transactions that require electronic enhancements. Introduction of these entire internet related activities is posing serious challenges to global management. However, before looking at the opportunities electronic business poses on management globally, it is worth putting down its relevance into writing. Managers categorize electronic business as a major trend in stipulations of investment and awareness. Generally, this does not stand for a megatrend or gig trend. Overly, evaluation of the relevance of electronic business depends on indicators like performance potential. In this phase, the relevance of e-business determines the benefits of its efficiency whereby this involves shifting from the existing business or traditional channels to the internet. The success of electronic business initiative of a company relies heavily on the readiness of suppliers and buyers to engage in electronic interactions. This means that every component of electronic business must align with enabling technology and strategic initiatives. The key managerial system of business trading globally is participation. Nowadays being an industry manager means being the determinant of tomorrow’s success. Therefore, in order to keep a competitive advantage and achieve the determined industrial success, managers of established companies must take on the challenges that come along with applications of electronic business. The electronic business acts as leveraging the importance of using information technology to its limits and changes the employees and administration’s way of thinking and working to a completely different level. Electronic business tools influence the initiatives taken by managers on a global scenario. Certainly, e-business application tools like an intranet, internet, and extranet affect each initiative in the global market (Shaw, 2003). Management integrates these application tools into their overall global initiative to achieve rapid technological strategies that coincide with their information technology strategies.
According to Moodley (2003) with e-business, companies are no longer chained to a specific geographical area but global markets are unfolding and brewing up stiff competition.  Managers are developing effective information technology strategies that can enable their companies to compete effectively in the global market. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Effects of E-Business on Management in the Global Markets Essay”, n.d.)
Retrieved from https://studentshare.org/business/1396941-e-business-in-the-global-markets-and-it-s-effect
(Effects of E-Business on Management in the Global Markets Essay)
https://studentshare.org/business/1396941-e-business-in-the-global-markets-and-it-s-effect.
“Effects of E-Business on Management in the Global Markets Essay”, n.d. https://studentshare.org/business/1396941-e-business-in-the-global-markets-and-it-s-effect.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
to
toreydare added comment 18 hours ago
Student rated this paper as
The topic of "Effects of Electronic Business on Management in the Global Markets" was hard to find. I spent hours to find it. Here at StudentShare, I got the best example. Many thanks!

CHECK THESE SAMPLES OF Effects of Electronic Business on Management in the Global Markets

Electronic business

...or any other industry in the world, security is a prime matter of concern. Even though breach of security is more common now than at any other point in time, with updated safeguards and effective analysis of situations, it could be handled. In this regard, an important factor is that of ethical considerations in E-Marketing. Obviously, E-Marketing is a crucial step in establishing and promoting E- Business and attracting customers but these days it is highly abused to achieve personal motives. Spamming and hacking is commonplace whereas copyrights and privacy policies are rarely acknowledged. It is important that companies today realize that activities that impinge on...
2 Pages(500 words)Essay

Global Business Management: Pakistan

...has cost Pakistan many civil and military lives since then as retaliation from the Taliban force. Global Management Future Outlook Stable political and economic conditions in Pakistan are good signs of economic revival in the nation with promising options for FDI and MNCs to open and operate. Strengthening ties between US and Pakistan and other developed nations of the world can provide stable opportunities for future business options by MNCs. Cheaper labor cost with developed special export zones can boost the industrial revolution in the nation and can further enhance the economic condition. Understanding business practices, foreign policies, trade options and...
20 Pages(5000 words)Term Paper

Business In Global Markets

..., the environment will not be conducive to business. As such, businesses will have the fear of selling products in the market. The fourth primary aspect is values of the culture. A value is a strong aspect in a cultural society and has effect on the decisions that are made by the people. Apparently, the values of a society explain anything that people have unanimously accepted to aspire to hold it in high esteem. Therefore, when a community values discipline, all the members of the community have to be disciplined. Without such, the society is likely to punish the people that deviate from discipline. This is one of the aspects that affect globalization...
6 Pages(1500 words)Term Paper

Business Markets

...Running Head: business markets Business markets [The of the appears here] [The of the appears here] Demand: The demand for any thing at a given price is the amount of it which will be bought per unit of time at that price. By analyzing the above definition we have calculated that the demand principally changes with the change in its price. The demand of house hold rise when the price of that good falls and the demand will fall when the price of the house hold rise, so there is an inverse relation between demand and the price of the good demanded. However there are other factors that will affect the demand of a house hold Causes of changes in demand: We spell out bellow...
14 Pages(3500 words)Essay

International Management - Global business

...producers with access to the industry's major markets that helped to compensate for the primarily small size of the home markets. Network participation also offered new opportunities, pressures, and incentives for Asian network suppliers to improve their technical and managerial skills. (Ernst and Kim 2002). Consequently, East Asia emerged as the overriding base of global manufacturing for the electronics industry, particularly for assembly and parts producton.5 Globalization of business has been one of the central characteristics of the last two decades. Many corporations from both developed and developing countries have become...
7 Pages(1750 words)Essay

Global Markets

...of Decision Aids: A Comparison of Japan and the United States. Organizational Behavior and Human Decision Processes. 77(2): 147-170. Husted, Bryan. W.(2000).The Impact of National Culture on Software Piracy. Journal of Business Ethics. 26(3): 197-211. Czinkota, Michael R. and Ilkka A. Ronkainen. (1990). International Marketing, Second Edition. The Dryden Press, Fort Worth. Terpstra, Vern and Ravi Sarathy. (1991).International Marketing. Fifth Edition. The Dryden Press: Fort Worth. Jeannet, Jean-Pierre and Hubert D. Hennessey. (1992). Global Marketing Strategies. Second Edition. Houghton Mifflin Company: Boston. Toyne Brian et Peter G.P. Walters....
17 Pages(4250 words)Assignment

Finance- Global Stock Markets

...the United States and Israel, Israeli insistence on violating Palestinian sovereignty and violent battles between Israeli paramilitaries and Palestinian civilians had virtually no impact on the stock market indexes in either country. It also demonstrates a remarkable disconnect between the slow but seemingly largely inexorable growth in the stock market and the false excitement often presented in the business media. On November 18, 2010 the Wall Street Journal reported that, “U.S. stocks surged Thursday as a resolution to Irelands debt problems neared and investors eagerly watched General Motors climb on its return to the Big Board.” However, the body of the article then added that, “the...
4 Pages(1000 words)Essay

Strategic Financial Management for Global Markets

...Running head: STRATEGIC FINANCIAL MANAGEMENT Strategic Financial Management for Global Markets Strategic analysis in the global structure of finance and management incorporates competition in several industries across national boundaries. Strategic issues in the business domain of financial management are regarded as highly significant in respect to development and growth of firms across the globe. These issues provide business organizations to effectively manage financial resources for the betterment of their business organization. In this context various related issues, such as geographical scope of the industry under which the particular firm operates, the level of competitive advantage which is enjoyed by these firms as well... on the...
26 Pages(6500 words)Dissertation

Business Marketing Strategies for Global Markets

...Business Marketing Strategies for Global Markets al Affiliation) Business Marketing Strategies for Global Markets Global trade is continuing to expand regardless of the difficulties of the world economy. Although some western companies stepped back from international growth, their counterparts from rapidly developing countries are taking advantage to gain strong market positions and increase their competitive advantage. These countries are developing integrated strategies used for market access. They target new markets and new...
1 Pages(250 words)Assignment

Firms, Markets and Business Management

...Firms, Markets and Business Management What is the likely upcoming (7/4 Reserve Bank of Australia decision on the cash rate and how will it affect the dollar? By what mechanism does this impact occur? The Reserve Bank of Australia has the main responsibility of ensuring that it keeps the inflation target at 2-3 percent, as guided from its policy (Australia: Business Forecast To 2023, p 9, 2014). It ensures this target by changing the cash rate of exchange and adjusting the overall rate. Therefore, the expected policy in reflection to the Australian dollar will factor in the established guidelines and policies to ensure it maintains stability of the dollar while...
4 Pages(1000 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Term Paper on topic Effects of Electronic Business on Management in the Global Markets for FREE!

Contact Us