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

Business Online - Essay Example

Comments (0) Cite this document
Summary
Business to business E-commerce is a relatively new and an n innovative concept of growing and expanding business in this IT era. The Internet has enabled business to communicate across countries without the use of traditional phone calls or faxes. In this paper, I will analyze the different trends and strategies which are being practiced in business to business e-commerce, and will also prove that though business to customer is considered to be the marketing giant, it is actually B2B communication and product promotion which really boosts profits for any company.
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.7% of users find it useful
Business Online
Read TextPreview

Extract of sample "Business Online"

Trends And Current Strategies In Use Of B2B E-Commerce Business to business E-commerce is a relatively new and an n innovative concept of growing and expanding business in this IT era. The Internet has enabled business to communicate across countries without the use of traditional phone calls or faxes. In this paper, I will analyze the different trends and strategies which are being practiced in business to business e-commerce, and will also prove that though business to customer is considered to be the marketing giant, it is actually B2B communication and product promotion which really boosts profits for any company.
The main purpose of any business establishment is to maximize its profits. Nowadays companies utilize business to business e-commerce for all kinds of profit-maximizing reasons, which includes, obtaining more competitive rates, satisfying its customers more efficiently, for expanding, displaying their business related adds or brochures, assisting in customer support and most importantly to manage their supply chains.
The main trend in B2B e-commerce that dominates the business market in this computer age is the use of a webpage, more specifically known as a company's website. A true business entrepreneur would come up with a site that carries detailed information about the services that its company offers, enables visit to buy products or services online. This is due to the reality that online buying, selling, and trading is extremely fast and convenient. Consumers, even giant business establishments, are inclined to make dealings in the most fitting mode. Thus, the easiest mode to enhance profits is through a company website.
This exchange of thoughts and sharing of contacts affect business giants such as Microsoft as well as a local business as small as an online Auto parts sale. It is true that when businessmen want to hire services or make a purchase, they are hardly ever concerned with the way the thing is presented. As happens in B2C marketing that wrapping up rubbish in a shiny paper would also do good business. The business are concerned about the quality that they get in the least possible price. This is usually the driving force behind any order made or commodity bought. In such a scenario it becomes imperative that businesses target other companies to sell their product, as the orders placed are huge and unlike a customer buying it, would generate large and healthy revenues. If it were not for B2B e-commerce, little local firms whose main profits arrive from e-commerce would have small probability of endurance in today's corporate-dominated markets. These firms survive by offering good quality to business giants in lower prices that is again an example of B2B interaction. This means of trade allows these undersized companies to develop their business trade and customer-base almost a hundred times.
An e-marketer's business-to-business report summarizes the following very important points:
Line56 Research has found that more than 81% of businesses are buying online directly from suppliers' websites, while 35% are purchasing via public exchanges
41% of survey respondents to a study by AMR Research said that their company has plans to join a public exchange, while 16% are already participating in one
Purchasing magazine has found that 78% of professional buyers in the US have done some online buying in 2001 (Leggie, Marketingtoday.com)
Another businessman shares his personal experience when he states " After years of stagnant and sometimes slumping sales, our year 2000 sales were up nearly 100% from 1999 sales and up nearly 200% from 1998! And, the "FACT" is the e-commerce information provided in this course has helped us generate a Return-on-Investment of over 11,040% (on the price of the course) speaks more than any other endorsement I can give."(Coble, importexporthelp.com)
From the above-discussed things we can easily derive that business-to-business interaction is far more vital than B2C and that it is no doubt E-commerce that has enabled business establishments to correspond over oceans digitally.
Works Cited
Coble, Ron 2003: Business To Business Ecommerce -International Trade Internet Marketing Strategies, Cobel International, USA.
http://www.importexporthelp.com/internetmarketing01.htm
Legge, Peter 2001:The State Of business-to-business E-commerce, NewYork.
http://www.marketingtoday.com/research/emarketer/b2b_062801.htm Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business Online Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Business Online Essay Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/miscellaneous/1532875-business-online
(Business Online Essay Example | Topics and Well Written Essays - 500 Words)
Business Online Essay Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/miscellaneous/1532875-business-online.
“Business Online Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/miscellaneous/1532875-business-online.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Business Online

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

Business Ethics in the Case of Timberland-City Year

The purpose of this study is to focus on the ethical considerations and dilemmas faced by the organization Timberland in terms of its coalition to City-Year and the steps that are taken and should be taken for the solution of those ethical issues.

In the merger of the two organizations, Timberland and City Year, there are many ethical considerations. To develop legal business relationships between Timberland and City Year and to consider the stipulations of the required business laws, the following ethical considerations should be deemed:
  • None of City Year’s earnings should be incurred to any private shareholder or an individual.
  • City Year cannot participate in any political campaign or...
6 Pages(1500 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 Information Systems

.... This organizational management of Club IT project will provide a better system management and handing. The implementation of new management system will provide: Better organizational management Better information handling Centralized information retrial Identical data format Better online information access Enhanced data security Establishment of Quality of Services (QoS) Gaining better competitive edge Performance enhancement Better inter-departmental communication Enhanced customer management Fast order processing Assessment of Needs In this high competition and complex business management world Club IT requires extensive assistance from the powerful business management systems. These business management systems and enterprise...
8 Pages(2000 words)Case Study

Business Administration

...Master Business Administration – Pre Admission Essay Please describe your main interests and leisure activities, and any other experiences or involvement that has significantly influenced your career or personal development. 100 Words I was born in India where Cricket is played across the country. I received my inspiration and motivation to play this game after India won the 1983 World Cup Championship. I have played this game representing my school and college in various tournaments. During my leisure time I watch the television. The channels that I generally watch are the sports, movies, and entertainment ones. I also have an interest in the technological gadgets. During my childhood, computers were the only gadgets which influenced me...
6 Pages(1500 words)Essay

Business Plan Real Estate Agency

re representing our company as their business consultants and our responsibilities are limited to the knowledge of the client’s business and information provided by the client.
The company Of-Fit has been operating as office supplies and equipment supplier since 1998. Their corporate office is in Aberdeen and it has excellent industry relations. The company is a sole proprietorship and its owner is Mr. Andrew Schwatz who has been working in the industry for more than 20 years. The company current staff is 8 and its revenues are £115,690 and £156,178 in 2008. The company aims to expand its operations in other business areas and regions of the UK.
The detailed business plan developed for this report incor...
12 Pages(3000 words)Business Plan

The Main Threat to Small Business

When it comes to reliability factor big businesses are able to sustain because of their track record. Big businesses are able to pacify their customers using their past successful track records.
Nowadays most of the business opportunities and orders are posted online. This means that business providers need to be well integrated with supplier systems through online facilities. The infrastructure of the business model needs to be updated. But this is not an easy task for small businesses. E-based procurement is possible only with a well-maintained network on the internet. This requires a lot of financial and technical necessities which could not be supported by small businesses. On the other hand, Big businesses are well equip...
8 Pages(2000 words)Assignment

Business Sustainability and Society: Coca-Cola Company

...Running Head: Business Sustainability & Society Business Sustainability & Society [Institute’s Business Sustainability & Society Introduction Since centuries, ethics has been a crucial and significant component of the human societies that contributed enormously in the creation of norms and values through religious influences, as well as through contribution of intellectuals and philosophers in the society. Unfortunately, nowadays, it is an observation that individuals, organizations, and even nations have commenced to overlook the phenomenon of ethics in their practices, specifically in the business sector that has become the major stakeholder confronting criticisms related to ethical practices. Critics (Crane, pp. 23-29, 2007) argue...
10 Pages(2500 words)Case Study

International Business: World Economic Forum and Davos 2010

While each force of globalization is important, the technological revolution has impacted the business models, value creation and differentiation (Spelman, 2010). The cloud computing technologies that have made the popular social networking applications possible are now being applied to development, healthcare, and society. Today mobile telephones are more like powerful computers that take care of many of the societal challenges facing both developed and developing countries (Evans, 2010). In Chile, new software enables weather information to farmers who can now make informed decisions on when and how to sow or harvest the crops. However, the fear or ignorance of cloud computing technology could harm the chances of the SMEs becomi...
7 Pages(1750 words)Coursework

Globalization and Business Enterprise: Climate Change

Since globalization encompasses political, economical and environmental issues, there has been much debate amongst companies on how resources are to be allocated in order to minimize climate change. Climate change is being dealt with on a global scale. The “Green investing is on the rise”, where investors are buying stocks that are environmentally friendly. New Zealand, like other countries, is supporting the cause for environmental protection by legislative measures in trade, bills regarding carbon emissions and by being part of agreements with the UN and the Kyoto Treaty.

Climate change and globalization are intricately linked. With the passage of time, many environmental issues, like global warming, have...
6 Pages(1500 words)Coursework
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 Business Online for FREE!

Contact Us