This paper presents a detailed analysis of e-commerce and its role in business environment. It will discuss some aspects associated with e-commerce,such as issues, advantages,opportunities and provide some examples of industries where the use of the e-commerce has revolutionized the business environment…
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In the past few years, we have seen a large number of developments in all the areas of life. These rapid developments and advancements in the field of information and communication technologies (ICTs) have provided considerable support for the establishment of an arrangement of organizations that divide with the larger suppliers and producers the tasks of product and service planning, design, suppliers’ and retailers’ communications, production, goods delivery and packaging, customer advertisement and marketing, and a number of other tasks that were in the past were disconnected, otherwise, concerted in a particular large firm (Scavarda et al., 2001; Tremblay, 1998). The majority of business organizations perceive electronic commerce as application of the Internet or the electronic platforms as a platform to sell and promote products, services and goods to the customers. However, this constricted description of the e-commerce only describes the Internet based commerce. In actual point of fact, e-commerce contains a wide variety of other aspects as well. In this scenario, e-commerce can be defined as the electronic transactions for trading information, products, services, goods and payments along with additional processes such as the development and protection of Web-based associations. In this scenario, it can be said that electronic commerce encompasses a number of attributes and entities and it is not limited to only some entities such as the Internet, extranets, intranets, electronic data interchange (EDI), and various others.
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There are essential characteristics of such infrastructure specifically useful for the modern day businesses. Ubiquity is the accessibility of E-commerce infrastructure from various locations such as home, work, beach, and club or anywhere else preferred by the individuals.
The process of establishing an e-business is risky and requires many changes in business process and strategy to be successful. The intent of an e-business is to generate income, strengthen service and limit price by expanding using the internet. The prospects of online trading have substantial revenue and its realized when the services perform for the business.
In simplest sense, an Internet business model is the technique of doing business by which a corporation can maintain itself and in turn produce substantial revenue. The business model defines how a business makes money by identifying where it is placed in the value chain.
The term e-commerce includes the buying and selling of products or services exactly like that in a conventional marketplace but with the only difference is that it is purely conducted online. By saying that it is conducted online, it is meant that the facility of the Internet can be used or that of other computer networks.
It has even taken the domestic airline market by storm. All this has been made possible because of the major IT initiative taken by the airline and the approach they had. Let us look at the strategy in detail.
In the 1970s, it was conceived that distribution is the major activity that could leverage the profitability of an airline in the global operation that was just happening across the world.
While there are literally thousands of websites out in cyberspace promoting, selling and advertising their products, some are better than others. Perusing the Hall of Malls webpage, I was struck by the
The main EU initiatives regulating ecommerce are the Distance Selling Directive (Directive 97/7/EC), Electronic Commerce Directive (Directive 00/31/EC) and the E-Money Directive (Directive 2000/46/EC) The Distance Selling Directive has been
here every company competes with several other to gain customer loyalty, it has become imperative for businesses to implement systems that contribute towards doing so, use of the internet and intranets to connect to intermediaries, inter business departments and with the outside
e of distance learning for the purposes of employee training and save on travel and accommodation fees and the time that the employees would have lost while travelling and during training. My organisation can still make use of the cheap telecommunication available over the
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