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.
Nobody downloaded yet

E-Commerce/Banking Portfolio - Essay Example

Comments (0) Cite this document
Date: 28th March, 2012 E-Commerce Portfolio Assessment 1 E-Banking E-Banking, also known as Online Banking and Internet Banking is a way to utilize the benefits of internet so as to conduct banking activities. Through online banking, one can manage his bank account through different ways which include; inquiry about balance, bill payment, viewing bank statement, applying for loans and credit cards etc…
Download full paper
E-Commerce/Banking Portfolio
Read TextPreview

Extract of sample
E-Commerce/Banking Portfolio

Download file to see previous pages... Nowadays, there are many banks which deliver only online services and do not have physical existence. They include Virginia and Bank net in United Kingdom, Telebank in Arlington etc. online Banking has made financial life easy to manage. Some of the prominent functions of online banking include: i. Viewing Transactions ii. Payment of bills iii. Transferring funds to other accounts (Caldwell)  Increased services offered by online banks have triggered the market growth. According to International Data Corporation (IDC), in 1998 only 1,150 were offering online services but in 2003 approximately 15,845 banks have started to provide online banking services to their customers. It has made customers life easier than ever before. (Pastore) Despite of numerous advantages, online banking systems needs to be handled very carefully. A person after having done his transactions in public computer must erase the cookies for every session of transaction. Moreover, a person must also ensure that the password must not be so short that it can be hacked easily. Also, online banking information must not be revealed to anyone who is not an accredited signer of your account. Assessment 2 Role of e-commerce managers Source: (Scope of Ecommerce) The above diagram illustrates the role of managers in the field of e-commerce. First of all, managers have to set vision that needs to be achieved by the entire e-commerce organization. That vision needs to be communicated to the entire organization because if the vision is not communicated then there is no use of setting a vision. After setting up the vision, managers need to determine appropriate goals that will be required to attain so as to meet the demands of that vision. Without establishing appropriate goals, attainment of vision is not possible. After the goal has been set, managers need to formulate appropriate strategies for accomplishing that vision. Strategies need to be coherent with the vision and values of the organizations and must be made for long term. After crafting the strategies, there must be a careful and proper implementation of those strategies. Efforts of crafting strategies go in vain if they are not implemented as per the requirements. Therefore, it must be taken into account that while implementing strategies there is no loophole left. In e-commerce, there is huge risk of time, money, trust and reputation. Therefore, managers need to be very careful in implementing strategies. After the successful implementation of strategies, a proper check in balance needs to be done. For this reason, managers need to review the performance and results and must feel themselves accountable for any discrepancies. If any deviations arise, they need to take appropriate measure so as to resolve them ethically, logically and legally. Assessment 3 Barriers to e-Business adoption Despite of being the most cost effective and easy to use system, ecommerce brings certain barriers with itself which makes it a bit difficult to adopt and for this reason, for most of the entrepreneurs and customers, it is not the ideal way of doing business. According to the opponents of Ecommerce, there are some barriers which need to be eradicated for the successful implementation of ecommerce. These barriers include: IT Skills Literacy/ Training Trust/ Confidence Change in Business Processes ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“E-Commerce/Banking Portfolio Essay Example | Topics and Well Written Essays - 1250 words”, n.d.)
Retrieved from https://studentshare.org/e-commerce/1445008-e-commerce-portfolio
(E-Commerce/Banking Portfolio Essay Example | Topics and Well Written Essays - 1250 Words)
“E-Commerce/Banking Portfolio Essay Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/e-commerce/1445008-e-commerce-portfolio.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
E-Business Strategy Review Report on Internet Banking : CitiBank
Citibank has been one of the pioneers of Internet Banking from a very early stage of internet revolution. Citibank management was quick to judge the future of business and banking lay in the internet boom and wanted to fully capitalize itself on it. The report will be discussing the situational analysis keeping in mind the theories of PEST and SWOT analysis, the industry analysis like the porter’s five forces.
16 Pages(4000 words)Essay
Internet Banking (E-Banking)
Internet banking is another concept of web based banking. The deployment of whole sale or retail banking services can also be referred to as E-banking. It involves individuals, and corporate customers.
6 Pages(1500 words)Essay
Impact of e-commerce in Banking sector
In such cases, information technology has to do with the operation of computers, as well as the use of computer software for processes such as converting data, protection, storage, and the retrieval of information. More than any other sector, the banking sector has implemented various functions of information technology to ease the process of providing services for customers in varied locations.
13 Pages(3250 words)Essay
Security risks to on-line banking and e-commerce

The author states that electronic commerce, especially in the form of online banking, poses many security risks that are specifically involved when trying to operate as an online-business. According to recent surveys, the number of destructive applications, that specifically target internet transactions, have considerably increased.

46 Pages(10000 words)Coursework
New business models inspired by the new technology break down traditional boundaries between business partners, in essence making all participants in a business transaction part of an expansive extranet. For many companies, a web site becomes one of the main tools which help to connect the organization with potential customers and suppliers.
10 Pages(2500 words)Essay
What is the effect of e-commerce on auditing
As this quote suggests, Internet has been very popular within businesses. Increasing use of the Internet, as well as rapid development of associated technologies is leading to the growth of e-commerce as well. With the popularity of Internet the concept of e-commerce is used by more and more companies today.
47 Pages(11750 words)Essay
Introduction of e-banking
Likert Scales (1-7) provide the evaluation mechanism for the various attributes which are being quantified through this questionnaire. This scale quantifies the importance of the various qualities which are being quantified through this questionnaire, with 1 being the least important and 7 being the most important.
17 Pages(4250 words)Essay
E-commerce managent
The horizon of the term e-commerce has expanded, taking it to new heights of advanced technologies with the advent of Internet, making the whole world a market place to
8 Pages(2000 words)Essay
The major cause of these developments is attributed to the effect of the internet technology. Regardless of how it is being used for, internet is the most relevant factor that has influenced domestic and international markets for
26 Pages(6500 words)Essay
For a company to benefit from E- commerce, the challenges faced with its implementation must be handled. It requires active participation and good will of employees at all level of employment. E- Commerce has received worldwide attention and
8 Pages(2000 words)Essay
Let us find you another Essay on topic E-Commerce/Banking Portfolio for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us