eCommerce market places were created all over the world wide web in various forms as internet started spreading. Auctions were one of the initially attractive methodologies of sale that many companies resorted to, to promote their products. Whether it is B2B or B2C, the methodologies adopted by the companies more or less have been the same…
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Auctions work more like a liassez fare system, where the right price is decided by the market rather than by the producer.
Most of the B2B auction sites are specific product sellers. Typically, plastic waste auctions keep selling plastic waste to the same buyers. Since they address the other businesses, they keep coming back to them as their purchases are not an one time occurrence.
In case of B2C auctions, the end user is buying and most often his purchases are once through. A buyer who buys a camera may not come back again to buy the same camera again. Repeat visits for the same product may not happen again. This means that B2C auction sites should be more broad based and should have wider product range to sell so that people would keep visiting them.
Since Businesses are aware of the price ranges in the market. For instance, the copper auction site, every participant is aware of the London Metal Exchange price and quotes around that price to close the deal.
Quality is not monitored by the site and on more than one occasion, do not own up responsibility for the quality of the product. Quality conscious persons do not visit the site unless otherwise they are very sure of the product they are buying.
It is pretty clear from the above, that the B2C sites need to be wide based to be successful and should offer products at really attractive price levels. Quality of the product should not be a concern for these buyers. While in case of B2B auction sites, the chances of having stable business seems high. There could be repeat business due to the inherent advantage of presenting the same product, at the same quality for a competitive price being there. Both the sites of course, have the advantage of connecting up online for a requirement, compared to the brick and mortar business where traveling and associated expense and hardships are involved.
2.0 Internet - a commercial medium
2.1 What if World Wide Web is not there
Many times, it is said, if you have not done it, some body else would have. If the product is badly needed, it will any way get invented. If it is not Tim Berners-Lee, it would have been some one else who would have brought in the same phenomenon. May be, they might not have called it world wide web. Therefore, let us take a look at what prompted this invention. Rather than asking what if, may be, we should have said, why World Wide Web. Looking closer at the reason, we find the following points:
a) There was an acute need to do faster transactions, whether it be business or personal.
b) The speed of all the transport systems could all but be finite, 'business' which was trying to race at 'the speed of
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“Internet Information Systems Management Essay Example | Topics and Well Written Essays - 1750 Words”, n.d. https://studentshare.org/technology/1533609-internet-information-systems-management.
Ku (2010, p. 1085) explains that advancement in information and communication technology has led to increased adoption and implementation of information systems within business organizations, institutions, public agencies, companies and small businesses. The implementation of information system is basically motivated by the efficiency and effectiveness which is provides in the management of data and information and the enhancement of communication processes (Khodakarami and Chan, 2011, p.
In the information system management planning for the new ACME Mexico City store, the utilization of information technology remains paramount to the store. For instance, the utilization of computer and mobile devices will remain in place. However, consideration will be given to other different alternatives in management information systems, which can help boost efficiency and effectiveness of the store’s level of management information systems.
The major reason for any organization requiring to have a management information system, is to enable the company continuously access and utilize the accurate and up-to-date information regarding the fundamental aspects of the organization performance, as well as information regarding its environmental factors (Wailgum, 2007).
The analysis starts by introducing the company and its major products, and then describes organizational structure and culture. These issues are important in frame of objectives of this paper since the culture of the company implies the usage of information technology products as a core or managing the information a different way.
Practically speaking, in the context of the Business-to-Business (B2B) e-commerce systems, a whole range of factors affiliated to diverse origins play a pivotal role, as far as the ability of the system to face challenges is concerned.
1. B2B commerce systems enable the businesses and organizations to expand their activities at a global scale, hence allowing them to reach and influence a relatively large volume of potential customers.
The developed information system is an online website that will be used for online product sales and dealing. This website will be an online E-Commerce website that will support the customer to purchase from the online website. This system will also provide the organizational information management facility.
saral Electronic business strategic principles and initiatives are about the entire information system policy management and effective management of business. In this scenario, the information system strategies will offer business direction as well as facilitate the corporation
These employees will normally be apportioned or “structurized” into different departments for better arrangement and streamlining of work. Normally employees will be assigned different roles by the management, according to their educational qualifications, experience,
More so, this industry relies on management information systems to derive competitive advantage in the global market. Some of the companies that participate in this industry include Sony, Samsung Incorporated among others.
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