...Strategic Initiative Planning Wal-Mart has announced during the release of the company’s 2014 annual SEC Report that several strategic planning initiatives for the company in fiscal year 2015. Team B will focus on Wal-Mart’s planning initiative to successfully integrate e-commerce into the current organizational structure. Identifying the Planning Initiative According to Wal-Mart (2014), “We’re also intent on creating transformative growth by adding capabilities in e-commerce and mobile commerce. When we view our business through the eyes of our customers, we don’t think about our stores, clubs or websites independently. Instead, our goal is to have customers see these channels converge as one unified relationship with us. We want to deliver a relevant, personalized and seamless experience across all channels. So, our approach to investments will continue to evolve to support the singular goal of enhancing the customer experience to further grow sales” (Positioning to serve our customers). Current president and CEO of Wal-Mart’s e-commerce division, Neil Ashe, admitted that Wal-Mart has a late start to the online retail market (Hempel, 2014). Instead of trying to beat Amazon in the online market Wal-Mart is currently trying to create a new logistics system in order to keep up with the delivery of all its products to online customers. Right now Wal-Mart does not have the infrastructure in place to economically meet the demand of the online world. “The stakes are only...
Words: 1482 - Pages: 6
...w 1) Which of the following statements best describes "e-commerce"? a. E-commerce is the fastest growing sector of the economy. b. E-commerce includes the delivery of products by computer. c. E-commerce is the use of computer networks to facilitate transactions. d. Until 1995, e-commerce was almost non-existent. e. all of the above Answer: e Diff: 1 Type: MC Topic: E-commerce Skill: Recall/Applied 2) Use this fact situation to answer the related questions that follow. A and B have decided to go into the business of selling goods, but wish to use the Internet to reach potential customers all over Canada who can both buy from them and pay using the Internet. As prudent businesspersons, A and B will a. register a domain name. b. negotiate an Internet access agreement. c. negotiate a website development agreement. d. negotiate a website-hosting agreement. e. all of the above Answer: e Diff: 2 Type: MC Topic: E-commerce Skill: Applied 3) Use the fact situation in Q2 to answer the related question that follows. The type of business that A and B are setting up is called a. wholesale sales. b. electronic retailing. c. retail sales. d. e-commerce. e. digital retailing. Answer: b Diff: 1 Type: MC Topic: E-commerce Skill: Recall/Applied 4) Use the fact situation in Q2 to answer the related question that follows. The type of payment that the business will most likely use is ...
Words: 4485 - Pages: 18
...has fostered businesses to make use of digital technology in their operational activities in effectively meeting their customer's need. Most of the businesses are indulging in e-commerce practices in effectively performing their operations across boundaries. E-commerce is an important medium of presenting the business offerings to customers, as it involves the usage of technology that aids businesses in reaching wider markets easily. The objective of this project is to create an e-commerce web portal with a content management system which would allow product information to be updated securely using a mobile device. The web portal will have an online interface in the form of an e-commerce website that will allow users to buy goods from the “Antel Art” Fashion Company. Electronic commerce (E-Commerce) E-trade has made it conceivable to speak with individuals and do exchanges whenever of the day at the client's simplicity. It is valuable for the organizations to get access to the worldwide markets and contend effortlessly with bigger comparative markets. Shopping online makes a virtual store for the clients to buy the items and administrations hence utilization of online retail in style is developing everywhere throughout the world. United Kingdom's design industry is partaking with positive thinking in e-business. As indicated by (National Statistics,2009) organizations in the online retail segment demonstrated the biggest ascend in deals by 106.6bn pounds in 2008...
Words: 420 - Pages: 2
...Week Two Student Guide This week, you will explore how databases are used in the work environment. Databases play a significant role in an organization, so it is important to know how to capitalize on database functionality. You will also learn how businesses, consumers, and the government use collaboration tools in the work environment, and how these tools have transformed the business processes of today’s organizations. Additionally, you will explore electronic commerce, and discuss the challenges this technology presents to businesses and their consumers. Databases, Network Applications, and E-Business OBJECTIVE: Describe how databases are used in the work environment. Resources: Ch. 4 and Technology Guide 2 of Introduction to Information Systems and Ch. 1 for Access in Microsoft® Office 2010 Content • Ch. 4: Data and Knowledge Management of Introduction to Information Systems o Managing Data • The Difficulties of Managing Data • The Data Life Cycle o The Database Approach • The Data Hierarchy • Designing the Database o Database Management Systems • The Relational Database Model • Databases in Action o Data Warehousing • Describing the Data Warehouse • Data Marts o Data Governance o Knowledge Management • Concepts and Definitions • Knowledge Management Systems • The Knowledge Management System Cycle • Technology...
Words: 610 - Pages: 3
...Cartwheel has helped Target in many ways: 1. Increased the amount of traffic to their site Target.com 2. Allows members to share coupons and information 3. Allows users to shop online and use their discounts and in the store 4. The more the user logs in and uses the application the more chances they have of saving Target should also add a page where users/customers can provide feedback to each other and to the company. This will allow target to answer any concerns or comments a customer has in a timelier manner. By doing this, customers will feel like Target corporation actually values their opinion. * What mobile computing and/or commerce would benefit this entity? What is the added value? If the company has mobile computing/commerce, what can be done to improve the value for the customers? “M-commerce (mobile commerce) is the buying and selling of goods and services through wireless handheld devices such as cellular telephone and personal digital assistants (PDAs)” (Tech Target). Target has a mobile site where you can shop online, locate the closet store to you to shop, find store hours, contact information for a...
Words: 552 - Pages: 3
...E-commerce in China Abstract E-commerce, namely electronic commerce, refers to an industry where people can conduct business through electronic systems. It uses the Internet as the main mode to provide service. The development of E-commerce is greatly concerned by people. The environment of E-commerce in China keeps improving. At the same time, more and more consumers accept online shopping. At present, China’s B2C E-commerce market is booming, the fierce competition between major online trading platforms activates the rapid development and increasingly sophisticated e-commerce market. However, according to its development status, there still exists some problems for the development of e-commerce in China. Some B2C e-commerce platforms also faced severe challenges in recent years. This paper analyzes the current plight of e-commerce development in China and provides some new ideas to address these problems. Then, it makes some suggestions to the prospects of e-commerce development in China. Key words: E-commerce problems solutions development prospects In the 21st century, the world has entered a new economy era, the development of information and Internet technology create a world where all the products and services can be traded in everywhere instantly. All the government departments, public service agencies, telecommunications companies, banks and other financial services institutions all types of businesses and hundreds of millions of individual users have...
Words: 967 - Pages: 4
...Prepared By Mohsin rubel Instructor Prof. Emilia Butu ISM 510 Stratford University Falls Church Campus 06/27/2014 E-commerce is the use of internet and the web to make business transactions. Millions of people make purchases on the web, so what makes e-commerce so special? There are 8 unique features of e-commerce that make it so successful. The first thing that makes e-commerce so great is Ubiquity; it is available everywhere at anytime. Online the stores never close. Online shopping has hurt traditional businesses in some ways and helped it in other ways. A positive thing is clicks-and-bricks; you can order online and pick it up at the store. E-commerce has forced business to get online or loss business. One of the negatives is that e-commerce takes away business from traditional businesses. It hurts small "mom and pop" shops as well as big business. Office supply companies like Staples and OfficeMax send out coupons offering $10 off $50 if you buy in-store instead of online so they can reduce in store stock and increase sales. Many companies have a sales quota to make for each store and if they don't they will have to close that store. Global Reach is a great feature of e-commerce. It takes the marketplace to marketspace. You can go "shopping" all around the world in one place. This has given businesses a chance to reach other markets and to billions of potential customers. I think that traditional businesses traditionally advertised on the radio...
Words: 911 - Pages: 4
...Lisa & Ruben new CLUB IT vision After spending an entire night in Lisa’s and Ruben’s nightclub few thing s immediately explodes in my mind that will definitely implement and improve the business which Lisa and Ruben are looking for. Internet connection, software updates and E-commerce implementation are the three main problems which, if properly settled up, will mesmerize the customer’s expectations and improve the business that the two business partners are looking for. Running a night club in the 2013, is a matter of integrating music, drinks and food with a proper and advanced information system technology. Since just few changes will drastically improve the IT system inside the club, the methodology more appropriate suggested to Lisa and Ruben is the outsourcing and application service provider project. As suggested by Acquiring Information System and Application (2007), as a beginning, considering the business size and limited budget availability to start the project, acquiring IT applications from external organizations or outside contractors will give the possibility to practice, learn in an easy way the different products and experiment with new IT technology without making a substantial up-front investment (p.311). INTERNET CONNECTION: Having a generation of customers full integrate with online systems, smart phones and online shopping, to follow them and see what they like, how their life style is and what are looking for, the first investment to do is upgrading...
Words: 779 - Pages: 4
...features of e-commerce, digital markets, and digital goods? * Name and describe four business trends and three technology trends shaping e-commerce today. * E-commerce today is being shaped by not only new technology but also new business trends. In today’s business world small businesses are aided a lot more with bigger companies such as Google and Amazon providing a medium for them to work through. Another business trend is digital everything such as ebooks, ecoupons and instant stream digital movies. Ecommerce is also transforming the way industries function. As with the digital everything trend, marketing firms are now inclined to focus heavily on digitals ads as opposed to billboards and other tangible forms of advertising. * However, the driving force behind all of these trends and the enabler is the rapid expansion and growth in technology in recent years. Wireless technology and the ability to access the internet from anywhere due to wireless hotspots has to be one of the biggest reasons why ecommerce has emerged as such a huge force. Other technology such as mobile devices that allow for the use of the internet and the ability to use ebooks is also huge. Social networking sites have also been a huge catalyst for the growth of ecommerce as it is a great way to expose the public and consumers to products and services. * List and describe the eight unique features of e-commerce. * Ubiquity – internet/web access is available everywhere * Global...
Words: 1159 - Pages: 5
...Introduction to e-commerce Copyright © 2012 Pearson Education 1 Slide 1-1 Introduction to e-commerce OBJECTIVES To understand the complexity of e-commerce and its many facets. To explore how e-business and e-commerce fit together. To identify the impact of e-commerce. To recognize the benefits and limitations of e-commerce. To use classification frameworks for analyzing e-commerce. To identify the main barriers to the growth and development of e- commerce in organizations. Copyright © 2012 Pearson Education Slide 1-2 1. What Is E-commerce? Use of Internet and Web to transact business More formally: Digitally enabled commercial transactions between and among organizations and individuals Copyright © 2012 Pearson Education Slide 1-3 Advent of the Internet -The term ecommerce :1. Electronic trading of physical goods and of intangibles such as information. 2. All the steps involved in trade, such as on-line marketing, ordering payment and support for delivery 3. The electronic provision of services such as after sales support or on-line legal advice. 4. Electronic support for collaboration between companies such as collaborative on-line design and engineering or virtual business consultancy teams Copyright © 2012 Pearson Education 4 Slide 1-4 Facebook: The New Face of E-commerce? Do you use Facebook, and if so, how often? What has the experience been like? Have you purchased...
Words: 1399 - Pages: 6
...number of servers within an enterprise. [pic][pic][pic][pic] 2. The quality of ubiquity, as it relates to e-commerce, is illustrated by (Points : 1) [pic] the same set of standards being used across the globe. [pic] plentiful, cheap information. [pic] the enabling of commerce worldwide. [pic] the availability of Internet technology everywhere and anytime. [pic][pic][pic][pic] 3. The costs incurred when a firm buys on the marketplace what it cannot make itself are referred to as (Points : 1) [pic] switching costs. [pic] transaction costs. [pic] procurement. [pic] agency costs. [pic][pic][pic][pic] 4. The more any given resource is applied to production, the lower the marginal gain in output, until a point is reached at which the additional inputs produce no additional output. This is referred to as (Points : 1) [pic] the point of no return. [pic] the law of diminishing returns. [pic] supply and demand. [pic] network inelasticity. [pic][pic][pic][pic] 5. Disintermediation (Points : 1) [pic] results from the speed of the Internet. [pic] is defined as the elimination of layers in the distribution process. [pic] is a result of social networking. [pic] All of the above [pic][pic][pic][pic] 6. Which of the following is not a recent development in e-commerce? (Points : 1) [pic] Growth of wireless Internet connections [pic] Online, interactive models...
Words: 465 - Pages: 2
...almost all aspects especially for the customs. Customs declaration and inspection are of great importance when a country importing goods or exporting. But because the features of e-commerce, the traditional way of declaration and inspection began to be low-efficiency. So some changes must be made. According to these views, this essay will give a comprehensive study about e-commerce. Firstly, this essay will make a general overview of cross-border e-commerce, and the second part will focus on the current situation of customs declaration and inspection. Then it will analyze the pros and cons of some customs policy. Finally it will put forward some recommendation for countries to expand cross-border ecommerce. 2.0 An overview of cross-border ecommerce In the modern society, the Internet allows consumers to shop online globally, purchasing products and services which may be unavailable or expensive in their home countries from websites in other countries and from marketplaces such as Alibaba Group’s Tmall.com that host multinational merchants. This phenomenon, known as cross-border e-commerce, is growing with advancing technologies help reduce problems such as international payments, long shipping times and language barriers. And the development of 4G made it possible to shop online anywhere and everywhere by laptop and...
Words: 1157 - Pages: 5
...BUS107: Fundamentals of e -Business ASSN 1:Starting a business online part 1 By Minh Thai Professor: William Simonpietri Date: 1/2/2014 Business as of today has become more competitive and more sophisticated than ever before. Owning a small clothing line has it’s complications but taking it to an e-commerce level is a total new logic. Before going to any new business venture, an evaluation must be done correctly in a professional manner. I think it’s best to have a SWOT analysis planned out prior to starting out. A SWOT analysis helps analyze the 4 compartments for either a business venture or project. The 4 compartments are Strengths, Weaknesses, Opportunities, and Threats. According to the text Strengths measures the advantages of the characteristics the business may have. Weaknesses measure the disadvantages of what a business may have. Opportunities help analyze new ideas for growth. Lastly Threats shows what factors that may cause a danger towards a business or project. The advantages under Strength, I would say for owning a small local clothing store along the Jersey shore is by taking constant current customers and showing them your e-commerce site, so that they may be able to spread the word for you. Secondly it’ll attract more tourists and people around the globe that are able to check the web-site out instead of only dealing within the retail environment and having only physical contact. Another advantage is more income and revenue will increase substantially...
Words: 1295 - Pages: 6
...(McDonald’s): Mobile Commerce (Smart Phone App) Lisa Delao John Heisner Gloria Rios University of Redlands School of Business Abstract E-commerce is rapidly changing the business world. Through the use of the internet and the web, businesses have realized billions of dollars in sales and revenue. Mobile commerce or m-commerce is a rapidly expanding facet of e-commerce that utilizes mobile digital devices to conduct business transactions. With great success restaurants have now launched smartphone apps that allow customers to order food online. Through the strategic implementation of a new m-commerce business plan, McDonald’s should also launch its own innovative smartphone app. The app will give customers the capability to order and purchase McDonald’s products with the use of their smartphone. McDonald’s Corporation: Mobile E-Commerce (Smart Phone App) E-commerce has revolutionized the business world. With the use of the internet and the web to conduct business transactions, e-commerce has created billions of dollars in sales and revenues for businesses in many different industries. Being that e-commerce is ubiquitous, “meaning that it is available just about everywhere at all times” (Laudon, 2012, p. 375), business transactions can take place virtually from anywhere and from any device that has access to the internet and web. The most rapidly growing form of e-commerce is mobile commerce or m-commerce, where in e-commerce transactions...
Words: 1501 - Pages: 7
...7 Ecommerce Trends To Watch For in 2016 Trends are always tends to be changed whether it is fashion, market, etc that directly affect minds. Ecommerce trends makes no difference. Changing technology can improve and impress customer, for which ecommerce store owners keep their eyes and ears open for what’s in the race out how it can help them better to win online selling competition. Latest is to stay relevant. Women’s costumes and men’s suits are always changing, and customers are always in search of new as it”s a question of society so this makes ecommerce owners to run bare foots. 2016 is here now and it was touted as the year which will be the practical of the waves that were touted in 2015 Mentioned ahead are a few trends that are expected to evolve over the course of the coming year. Popups as eye-catchers: Popups are always seen as little annoying boxes that interrupt your shopping or surfing experience and force you to find that little tiny X button to close them. The purpose of a popup is to provide a very strong call-to-action. Interestingly, this sort of interruption marketing is making a comeback in website design. In its present form, the pop-up is a modal, typically offering a discount in exchange for joining an email list or following the site’s various social media profiles. In 2016, these pop-ups will become so common that perhaps as many as a third of the National Retail Federation’s top retailers will use them. Marketers will be selective though. Pop-ups...
Words: 852 - Pages: 4
