StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Applying E-Commerce in business - Essay Example

Comments (0) Cite this document
Summary
Applying E-Commerce in Business Introduction Benefits of E-commerce for Businesses E-commerce is the using of specific information technology infrastructures to exchange value (e.g., money) across organizations and individuals in return for products and services traded in the internet…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.5% of users find it useful
Applying E-Commerce in business
Read Text Preview

Extract of sample "Applying E-Commerce in business"

Download file to see previous pages They can also use a variety of platforms to access these services example: mobiles, laptops and desktop computers. This infrastructure contains universal standards and is globally reachable. It is rich in diversity and accommodates videos, audios and text messaging. They enable firms to host live conferences, instant messaging (IM), file transferring and text based live chat across the globe. E-commerce infrastructure enables effective interacting between clients in multi stratums including consumers, producers and vendors. It decreases the cost and increases the quality of business transactions. It allows clients to customize and personalize the services according to the requirements of different parties (Turban, et. al, 2012). E-commerce generates a number of economic benefits to the businesses due to the above characteristics such as decreasing cost, increasing richness in communication, expanding market and enhancing customer relations. The cost of travelling to market place is saved and the physical presence is no longer required for bargaining in virtual markets. Videos, audios, pictures and graphics used in virtual markets can simulate the real shopping experience to buyers. Market of the modern day business has expanded widely across the globe. It is not constrained by country borders, racial, religious, language and ethnicity based differences. It does not involve rigid time zones. Billions of potential consumers and various producers can meet in virtual market places. Consumer becomes a co-participant in marketing process. Hence the products can be customized according to individual preferences unlike in traditional marketing methods (Turban, et. al, 2012). It can be converged with contemporary trends in Information Technologies such as cloud computing. Benefits of Cloud computing for E-Commerce Based on the predicting analyses by Nelson (2010) it is forecasted that 80% proportion of total E-commerce in the world will be taken over by cloud computing within 10 years. Processing of payments using the internet and the webs involve identification of transaction ID, customer name, dollar amount, date/time of transaction and status of the payment. All these can be converged in “cloud” infrastructure at a comparatively lower cost and a higher efficiency (Knowledge Center, 2011). Hence cloud computing depicts the potential growth of E-commerce as well. According to the definition of Mell, and Grance (2011), “cloud computing is a model for enabling ubiquitous, convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction” (p.2). The above definition contains a number of characteristics of E-commerce infrastructure. Economic characteristics of cloud computing are as follows. On-demand self-service involves utility based access to the cloud without involving of human component for providing the service each time a customer needs it. Broad network provides heterogeneous platforms. Resource pooling allows aggregating the storage, memory, processing capacity and network bandwidth of idle computers across the globe and a number of customers who are unaware of the specific location where the service is provided from. Rapid elasticity involves immediately and unlimitedly providing the services while ensuring its availability, accessibility and ...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Applying E-Commerce in business Essay Example | Topics and Well Written Essays - 3000 words”, n.d.)
Applying E-Commerce in business Essay Example | Topics and Well Written Essays - 3000 words. Retrieved from https://studentshare.org/e-commerce/1403130-applying-e-commerce-in-business
(Applying E-Commerce in Business Essay Example | Topics and Well Written Essays - 3000 Words)
Applying E-Commerce in Business Essay Example | Topics and Well Written Essays - 3000 Words. https://studentshare.org/e-commerce/1403130-applying-e-commerce-in-business.
“Applying E-Commerce in Business Essay Example | Topics and Well Written Essays - 3000 Words”, n.d. https://studentshare.org/e-commerce/1403130-applying-e-commerce-in-business.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Applying E-Commerce in business

The Concept of a Mongolian Restaurant Business

The fact that it gives customers a variety of fresh food ingredients to choose from made the business very attractive to customers.
For this study, a brief overview with regards to a Mongolian restaurant business will be provided followed by discussing the concept and the primary purpose of a business plan. Eventually, the importance of using a business plan in starting a new Mongolian restaurant will be discussed.
In the process of discussing the importance of a business plan, the role of a business plan with regards to the success of a restaurant will be highlighted. Aiming to project the student’s understanding of the subject matter, the point of discussion will include: (1) selecting a good location and the ren...
9 Pages (2250 words) Term Paper

Globalization and International Business: Starbucks Corporation

The Small Business Encyclopedia defines globalization as the process by which the economies of countries around the world become increasingly integrated over time. This integration occurs as technological advances expedite the trade of goods and services, the flow of capital, and the migration of people across international borders (globalization, Answers.com).
The shreds of evidence of globalization are all around us. For example, Hill (2005) cites an example of an American driving a car designed and produced in Germany that was assembled in Mexico from components made in Japan fabricated by Korean steel and Malaysian rubber. The car is filled with gasoline from oil pumped from off the coast of Africa, at a service station o...
12 Pages (3000 words) Case Study

Global Challenges for Business Management and Leadership

This section aims at understanding the challenges faced by the United Nations due to political conflicts. In the summer of 2007, an issue in the Politically Speaking, the DPA had highlighted the increased focus on the conflict meditation. This report had also highlighted the interview with the Under-Secretary-General for political affairs. In the interview, he defended the UN against all the criticism and he also highlighted the need for finding political solutions for issues around the world. The interview also highlighted the importance of results to show the effective working of the UN. This interview also highlighted and urged critics to look at the positive along with the negatives of the UN. “The UN has knowledgeable a...
7 Pages (1750 words) Research Proposal

Internal and External Environmental Analysis for the Bakery Business

Liberalization of foreign investment and technology policy of the government is supportive of establishing industrial units in the country.

Threat: The UK food regulatory authority is planning to enforce the EC Regulations relating to food labeling. The labeling requirements under the new regulations will affect the food industry as the suppliers will be legally obliged to disclose the GM content of foods to the caterers. Thus business firms in the bakery industry also will be effected through the exclusion of flexible manner of labeling arrangements in the case of flour confectionery involving GM Soya or maize. (Genetically modified and novel foods (labeling) (England) regulations, 2000).

Trend: The new subs...
6 Pages (1500 words) Case Study

Evandale's Business Plan

Evandale’s mission would have a strong impact on the company’s later brand development.
When a company determines its mission and its vision, it needed to determine its objectives to accomplish that vision. I did not see the objectives—where the company was heading through in the presentation. A clear objective would have enabled me, as an audience to also picture where the company would want to go and would serve as the benchmark for me to assess the later strategic choices the company would state in the presentation.
According to the slides, the potential demand for caviar and the sturgeon products are “100x” bigger than the current supply. I would have wanted to see a reliable source for...
7 Pages (1750 words) Case Study

The Management, Leadership and Teamwork Competencies Required by a Small Business Owner

On the other hand organizational leadership is defined as the ability based on the specific skill of an individual to lead his/her subordinates in a manner that pre-planned organizational goals could be achieved within the defined time-frame.

According to Burns (1978) and Bass (1985), transformational leadership has a set of category constructs such as values, morals, farsightedness, long term goals, principles, acute awareness about the dividing line between causes and symptoms, mission statements, strategic perspectives, and human resources. Similarly, they identify a set of category constructs in the transactional leadership also. For instance concentration on the task at hand, short term goals and tactics, confusion co...
6 Pages (1500 words) Coursework

Business Etquette for Business Communications Course

Who wants to give a guess? How about you (pointing at someone in the audience), yes, what is your name? Adam? What do you think, Adam – Money, Machines, Management, and Manpower? Why do you think so? And how about you, ma’am (someone else in the audience) – do you agree with him?

I think we are all in agreement: you could have Money, Machines and Management, but without Manpower, you cannot have a business. And unless you have good Manpower working well together, you cannot have a successful business.

Do people work well together naturally? Those of you who are familiar with office politics will say, “Of course not!” You are right: left to themselves, few people work well toget...
7 Pages (1750 words) Speech or Presentation

Which of the Business Objectives Might Best Be Applied to the Southampton Solent University

In other words, there is no explicit reference to the achievement of long term objectives and the people being involved in the business with the express intention of making profits.

In this context, the Southampton Solent University’s existence as a business organization in the strategic business sense would be defined as a clear attempt at continuously engaging in the present and future activities with a view to achieving its long term objectives of which the satisfaction of stakeholders, particularly shareholders, is of paramount importance. Its mission statement is “The pursuit of inclusive and flexible forms of Higher Education which meet the needs of employers and prepare students to succeed in a fast-...
8 Pages (2000 words) Coursework

Business Communication for Degree Access: Olympic Volunteering Consultancy

The London Organising Committee for 2012 is headed by Lord Coe but we would need to contact the Minister for the Olympics who is Tessa Jowell to place the Bid. The Olympic Games are said to need 70,000 employees with large land development in London.

To beat out the competitors with an excellent business strategy (Wikipedia) an excellent marketing strategy must be used! 26,400 pounds, of the 1 million pounds on Flyers and radio ads this company can inform the residents of Greenwich of the career training opportunity. Using Radio ads that are up to date we can gain a young volunteer base. Flyers handed out to community centers and welfare offices this company will gain other targeted volunteers.

The Census Bur...
6 Pages (1500 words) Assignment

Is the Business World Flat or Spiky

On the other hand, these globalization standards are opposed by some critics and argue that globalization does not have to be a requirement for putting up a business in other countries, thus it is just a choice for entering a foreign market. Accordingly, standardization is applicable specifically to high-end markets and with accord to the market segmentation such as the trends that the young people patronize (Mullman, 2006) Regardless of the idea that globalization is mostly based on how the company standardizes the products, the home country still holds the profitability of the business as the economy affects how the foreign investors and other national sources back up the business (Stiglitz, 2006).
Making the world flat mak...
9 Pages (2250 words) Assignment
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 Essay on topic Applying E-Commerce in business for FREE!

Contact Us