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Luxury E-commerce (advantages and disadvantages) [Instructor Name] Luxury E-commerce (Advantages and Disadvantages) Introduction With the shifts in the modern world and its changing trends, there has been an influence in the human society and living…
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Though advancements like e-commerce or e-business has favored to an extent, but there are some drawbacks too, which often gets sidelined by the human setting of the present world. This study will give a critical view of how luxury e-commerce is important and what are the gaps that need to be covered in the modern business system (Okonkwo, 2007). Background As trends changed it brought changes in the human setting, like people got more to the use of e-commerce and e-business. On a similar node, luxury is part of the glimpse where e-commerce brought luxury brands on high human accessibility. There came up luxury e-portals like Net-a-Porter which facilitated buyers on luxury boutique and designer clothing. Net-a-Porter being UK’s top selling online forum stocked 3000 brands at one time of selling, which was all to favor the luxury patrons on the internet (Roberts, 2010). On the earliest luxury facilitated people where it became more than a necessity and something associated with the desires. Luxury was first sought as an idea of a peculiar, but later as fashion industry revolved and brands came up luxury became part of peoples’ lives (Danziger, 2005). The same perception revived on e-commerce where an estimated 95% buyers’ populace was only on the luxury. ... Today consumers not only trace luxury in goods or service, but they also expect luxury in the method of deliverance and service (electronic trade and provision). It was the year 1990 when Amazon gave origin to the concept electronic trade and distribution. Ebay was the second major contributor to e-commerce, a competitor of Amazon which evolved in the same year of e-business (Schneider, 2011). It was the start of electronic based distribution (1995) when AltaVista, Lycos and Yahoo! came more with the luxury brands on their distribution and selling (Schneider, 2011). Later on MSN and Hermes also promoted luxury on the online buying and selling, as they were on a great response from luxury excavators (Okonkwo, 2010). Apart from all the persistence of luxury on e-commerce and trade has also aware the modern business specialists (Schneider, 2011). They have understood that luxury is a core preference of the buyers, where e-commerce is the right forum to distribute it. This is how luxury is widespread to all parts of the business system, from buyers to sellers and from marketers to branders respectively (Danziger, 2005). Definition to E-Commerce and E-Business With the plethora of globalization and internationalization, small and large business firms have identified e-commerce as a forum to exchange (Saunter, 2012). The core activities of a business like supply, distribution, promotion and marketing of goods have become achievable on the e-commerce and e-business. E-commerce is a term that indicates electronic business commerce, where businesses are sold, expanded and developed on the basis of large consumer presence on the internet (Dave, 2008). E-commerce is a combination of two things,
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As may be inferred from Phipps and Merisotis’ (1999) argument, online education is an opportunities’ equaliser to the extent that it offers prospective learners from the four corners of the globe the chance to study in and graduate from reputable universities of their choice, eliminating time and space constraints and challenges because it takes the educational environment to the learner and allows the former to design his/her educational programme around his/her time.
Online education has the potential to be an education opportunities’ equaliser but, in practical terms, it has not realised that potential yet. This statement is borne out by Gilbert’s (2001) contention that available statis...
On the other hand, this research is rather indicative of the first trends characterized by the expansion of e-commerce globally. E-commerce has become today the main ‘tool’ for the development of business activities even for companies that were traditionally related to specific regions or companies that have rejected primarily the e-commerce as a ‘tool’ for the increase of their performance. On the other hand, it should be admitted that the USA is the country where is e-commerce has been chosen as a primary tool of the trade for business activities. Other countries around the world are also participating actively in the use of e-commerce as a valuable entrepreneurial strategic tool. It should be noticed how...
The value of total E-Commerce transactions in the major economic sectors1 in the US went up for approximately 78.7% between 2000 and 20042as Manufactures and Merchant Wholesaler depended the greatest on E-Commerce whereas Retailers increased their use of E-Commerce at the highest rapidity. In 2004, E-Commerce grew faster than total economic activity in three of the four major economic sectors, which indicated E-Commerce has been gradually changing the way organizations operate, as well as the consumers’ shopping habits. Looking ahead, it is generally expected that E-Commerce will gain a substantial share of trade between market participants, although it is difficult, at least at this stage, to commensurate the exact extent o...
The following website presents news and trends regarding e-commerce: http://www.ecommerce-guide.com/solutions/customer_relations/article.php/10363_3368001. The significance of this website is the fact that addresses potential or existing entrepreneurs. In this context, the above website can be used by anyone who is interested in entering e-commerce – even if he/ she is at his/ her first steps within the business area. Moreover, the particular website provides solutions to all common problems that an entrepreneur may face if entering the e-commerce sector. Google should be characterized as a quite successful online business. The particular firm has achieved significant growth since its first establishment. In fact, throu...
The globalization movement created a greater need to determine the equivalent valuation of monetary units also referred to as the exchange rate in order to execute a trade of goods among nations. Currency exchange is the trade value of one unit of currency into another currency which is required to facilitate the trade of goods and services among nations. For example, as of January 9, 2008, the currency exchange market value of one Euro was 1.47 US dollars (Yahoo, 2008). The exchange is a market mechanism that is very instrumental in the monetary policy of the nation. Both the developing nations and a developed nation must instill a sound monetary unit strategy to create a stable currency that is both liquid and valuable in the ma...
Web services share business logic, data, and processes through a programmatic interface across a network (Kaye, 2003).
This becomes a platform for business that takes place across the internet in ways that were previously unimagined. E-commerce is much like regular commerce except that the markets have expanded and the competition has become global instead of local or even regional. Web services allow people from across the world to engage in business and the few barriers which remain for truly global commerce are being removed with automated language translators and website optimization techniques that allow users from different locations to view the web as they prefer to view it. All of these developments are takin...
Airlines offer all travel-related services and aim to make its website a one-stop solution for all travel-related needs. Thirdly, they can offer cheaper solutions as customers can directly book through the website which eliminates the role of the agent or a broker. They cater to the segment that is looking for international travel quickly and simply without any frills and services (CIM, 2005).
People from many European countries do not follow English and hence to attract and remain competitive, EasyJet has offered services through their website in all the European languages. This lends a personal touch to the services offered and the customers can, from the comfort of their home or workplace make all their bookings. The...
and Malaysia Airways homepage (see appendix 4,5,6) provides the user with an overview of their whole site, which is vitally important as (Nielsen, 2008) explains "The homepage is your companys face to the world." As recommended by Nielsen (2008) Easy Jet, British Airways and Malaysia Airways have used a tagline to capture and communicate the essence of the company; making the sites purpose immediately clear. Their logo is also apparent, boosting brand awareness, differentiating identity from competitors and providing familiarity to users. It can be found in the top left hand corner of the homepage, showing standard HTML conventions have been adopted. Easy Jet, British Airways and Malaysia Airways use standard hyperlinks, tab...
A typical construction project involves a WBS that evolves from an initial task that is successively subdivided into smaller work blocks until the lowest level is reached, indicating a tree-like structure. Subdividing the project breaks down the project work effort into packages that are both manageable and independent. It connotes that the lowest level of the package corresponds to the smallest project work, which requires the shortest completion time periods. As WBS shows the relationship of all elements of a project, a sound basis for cost and schedule control is provided.
Some lists of project activities involved in WBS include budgeting, cost allocation, time allocation and management, and quality assurance. These...
...Research Proposal: Validating Late Mover Advantages in e-commerce: Evidence from Selected Companies Table of Contents
Table of Contents 1
Project Aim 4
Research Hypothesis 5
Research Questions 5
Ethical Considerations 6
Literature Review 6
Research Methodology 9
Phenomenological Paradigm 9
Positive Paradigm 9
Deductive vs. Inductive Research 10
Data Collection Techniques 10
Proposed Research Methodology 11
Primary Data Collection 11
Survey Questionnaire 11
Research Methodology Limitations 12
Proposed Structure of Report 13
Time Schedule 16
Validating Late Mover Advantages in e-commerce: Evidence from Selected Companies
E-commerce is a global market place that is characterized...
12 Pages(3000 words)Research Proposal
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