...E-Commerce Project Liberty University Online Busi-424 Since the early 1995 when commercial use of the web began to take off, E-commerce has transformed and impacted the way the businesses and consumers shop forever. Before the rise of E-commerce the only way to buy and purchase products was through your standard brick and mortar store and if you wanted to order products that were not available at that moment you would need to sift through a large catalog or directory. If you ordered through that you would send in the order item # along with basic contact information in mail and then came the long wait of receiving your product in the mail to your home or business. It all sounds really cumbersome, time consuming and inconvenient when compared to today’s current trends of ordering products. E-commerce has paved the way for people and businesses to shop easily, faster and more efficiently than was ever thought possible. Even though E-commerce is a relatively young industry with beginnings that point to only as far back as the 1970s, data has suggested that over the next few years some categories of E-commerce is expected to grow about 14% annually through 2017 while traditional retail sales are expected to only grow about 4% annually through that same time frame (Laudon and Traver, p. 27). There are four major types of E-commerce categories that are utilized daily. They include Business-To-Consumer (B2C), Business-To-Business (B2B), Consumer-to-Consumer (C2C) and Mobile...
Words: 3102 - Pages: 13
...Bushry (2005) defines electronic commerce as „an emerging concept that describes the process of buzing and selling or exchanging of products, services and information via. telecommunication and computer networks including the Internet“ (p. 1). Bajaj and Nag (2009) notice that „E-commerce not only automates manual processes and paper transactions, but also helps organizations move to a full electronic environment and change the way they operate“ (Nansi, 2004, p. 14). In a word, E-commerce today involves business information sharing, business relationships maintaining, and business transactions conducting by telecommunications networks (Web catalogues, advertazing and other). Besides, e-commerce considers electronical orders of products and services, payments (traditional payment, by credit cards, EDI, digital money), form filling (Web form, e-mail, faxing and others), services and technical support (Frequently Asked Questions, e-mail, bulletin boards and others). One of the major advantages of e-commerce is low connection and usage prices and multichanelled access and delivery. On the other hand, M-commerce reffers to mobile commerce and it “is defined as the exchange or buying and selling of commodities, services, or information on the Internet through the use of mobile handheld devices.” (p. 1-2). In another words, mobile commerce refers to the implementation of e-commerce over wireless devices. It is commercial mobile computing application based on wireless networks...
Words: 2197 - Pages: 9
...The high street retailing will continue to decline as a result of the continued growth of e-commerce. This decline is inevitable because there is an intense competition between two markets. Businesses find it is more beneficial to operate e-commerce so there are less businesses operate high street retailing. This is because operating e-commerce has a low operation cost such as free rental cost and reduces the expense on human resources. Moreover, there is a larger customer base since it is able to attract customers internationally and nationally, and there is also no time restriction which is one of the main factors that leads to the growth of e-commerce. In addition to this, businesses that operate e-commerce can offer a wider range of products whereas there is a limitation for high street retailing to offer products because of the limitation of space. On the other hand, the high street retailing is not replaceable because customers are more satisfied when they can see real products in hand which enhances the levels of repeat purchasing which shows the demand of high street retailing. However, whether or not the high street retailing will continue to decline as a result of the continued growth of e-commerce depends on the external factors such as economic which affects the level of deposable income. Also, it is depends on the financial capacity of individual business which affects how well they can manage the business during changes in the market. Therefore, the purpose of the...
Words: 1681 - Pages: 7
...E-COMMERCE ------------------------------------------------- TYPES OF E-COMMERCE The aim of this report is to search for an example of a website that falls under each of the four main types of e-commerce found in unit 1 of the BIU syllabus based module and to describe the website and to explain why it falls under that type of e-commerce. To begin with, electronic commerce is the systematic process of buying and selling of goods and services using an electronic mode primarily the internet. There are different commerce transactions that happen in our daily life, and those commerce transactions have been categorized in different types. As per unit 1 of the BIU syllabus based module, there are four main types of e-commerce (Mbotwa 2014). These are Business-to-Business e-Commerce, Business-to-Consumer e-Commerce, Consumer-to-Business e-Commerce and Consumer-to-Consumer e-commerce. Firstly, Business-to-Business e-Commerce. This refers to electronic commerce transactions between two businesses where both the buyer and seller are business owners. This could be between a manufacture and a wholesaler or a wholesaler and a retailer (Mbotwa 2014). It can be treated in other way like, wholesalers supplying goods to retailers or a distributor in one country can ask for goods in bulk from the exporter in other company through the internet. In this form both the buyer and seller are business entities. An example of B2B website is Hp.com. On Hp.com website, a wholesaler...
Words: 1500 - Pages: 6
...MGSC-590, Section 001 Information Systems Development (Topics in E-commerce) Spring 2014 Abbreviated Research Paper 1 Emerging Technologies in the Evolution of E-commerce by Jesse Matthews Submitted February 4, 2015 Management Science Department Darla Moore School of Business University of South Carolina Columbia, SC 29208 Table of Contents Section 1……………………………….. Introduction Page 3 Section 2……………………………….. Analysis Pages 4-7 Section 3……………………………….. Results Pages 4-7 Section 4……………………………….. Conclusions Page 8 Section 5……………………………….. References Page 9 E-commerce is becoming increasingly more popular with each passing day as the technology around us continues to advance. Technology has advanced so rapidly just over the past ten years that basically every business has had to adopt some form of e-commerce just to stay in business. The use of different forms of technology by basically everyone on a day to day basis has greatly increased the importance and benefits of e-commerce as a whole. Companies can use technologies like our smart phones and the internet to reach customers with multiple forms of advertisement, customized to meet each individual customer’s preferences. “Internet technology has changed the supply chain by improving collaboration and efficiency, and adding value to products and firms” (Astuti, 2014). Internet technology has improved the supply chain because it has helped...
Words: 2341 - Pages: 10
...E-commerce is any transaction sum shopping done online on the internet. as we know more and more application are getting online day to day in India. There is a lot of copy of websites which provides deals online to the customers. These web portals provide deals online to the customers. These web portals provide e-commerce solutions to the customers in the competitive rates then available at the malls or the shops in the locality. Since the last one decade peoples are getting attached towards e-commerce site because it provides customers direct to the manufactures removing the mediators hence at the best price. Customers are also finding e-commerce site as to get best bargains deals& snap deal is the latest success story of this type of successful...
Words: 1240 - Pages: 5
...E-Commerce A Brief Examination of a Popular Electronic Information Technology The purpose of this assignment is to “demonstrate an understanding of information systems, define and display how information technology may be used strategically in organizations.” The following discussion specifically focuses on the electronic business of E-Commerce and identifies how this industry uses information technology to compete, provide goods/services and offer innovative trends within the consumer market place. Characterizing Commerce Commerce is generally defined as “a division of trade or production which deals with the exchange of good and services from a producer to the consumer.” It also encompasses the “trading of information and funds or other entities” that maintain economic value. Characterizing E-Commerce E-Commerce is commonly referred to as “electronic marketing.” It consists of buying, selling or the exchange of goods and services over an electronic medium such as the internet or other computer based networks where a transaction or “terms of sale” are performed electronically. E-Commerce Popularity Since the advent of the internet and the potential uses information technology brought to the business environment, nearly all main stream commerce related industries discovered an opportunity to establish a presence in the electronic marketing environment due to the low entry cost and reductions in transaction expenses that provided increasing...
Words: 1725 - Pages: 7
...INTRODUCTION E-commerce also is a short from electronic commerce. It is a process of communication transaction between the buyer and seller. It can be known as a type of business which process with electronically. Normally, most of the people will refer e-commerce as via from internet to selling product, but it also can be covers purchasing mechanisms via internet which is business to business and business to consumers. Electronic commerce is related to business transaction of goods and services conducted between 2 or more parties electronically mainly through open internet based system, for instant the parties can exchange information through internet rather than physical exchange. This type of communication through e-commerce can be known as email, internet, intranet, extranet and so on. In practice, this term and a newer term, e-business, are often used interchangeably. For online retail selling, the term e-tailing is sometimes used. For example, bought or sold anything on e-bay, purchased a book on Amazon, or made any other transaction online you have participated in e commerce. Electronic commerce that takes place between businesses is referred to as business-to-business or B2B. B2B can be open to all interested parties or limited to specific, pre-qualified participants such as private electronic market. Electronic commerce that takes place between businesses and consumers, on the other hand, is referred to as business-to-consumer or B2C. This is the type of electronic...
Words: 1834 - Pages: 8
...E-commerce The usage of networks by an individual or a company in order to promote or sell the product or service the individual or the company is producing or trading is defined as Electronic Commerce or E-commerce. The concept of E-commerce is to perform business via networks and internet. E-commerce includes mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. World Wide Web and Electronic Mail (E-Mail) is used for the transactions in modern electronic commerce. Importance of E-commerce From the business point of view E-commerce can be cost effective. But it makes trading much more easy. It provides better connectivity for potential customers as the websites of the company can be accessed from anywhere in the world. This way more potential customers can get in touch with company's business. With the help of E-commerce customers can now browse through the whole catalog of a company without any hassle, they can also compare products and on top of that they can do it from their home or from work. E-commerce has opened up various windows and opportunities for the companies to reach to its potential customers easily. Eventually it will become a major marketing plan for all the companies in order to survive and compete in the ever changing market. E-commerce in Bangladesh Bangladesh is developing country...
Words: 1756 - Pages: 8
...KENYATTA UNIVERSITY MOMBASA CAMPUS Management Science Department BMS 501: MANAGEMENT INFORMATION SYSTEMS ELECTRONIC-COMMERCE AND MOBILE-COMMERCE PRESENTED BY: LEONIDA CHEPKORIR SOI D53/MSA/PT/25210/2012 PRESENTED TO: Athman Fadhili Lecturer, Management Science Department Kenyatta University, Mombasa Campus. 9th OCTOBER 2013 1 TABLE OF CONTENTS CHAPTER ONE INTRODUCTION……………………………………………………….……………….3 CHAPTER TWO 2.1 DEFINITION OF COMMERCE……………………………………….……………5 2.2 DEFINITION OF E-COMMERCE……………………………………….…………5 2.3 E-COMMERCE PROCESS…………………………………………….……………5 2.4 ORIGIN OF E-COMMERCE …………………………………………….…………5 2.5 DIFFERENCES BETWEEN E-BUSINESS AND E-COMMERCE….……………7 2.6 CLASSIFICATION OF ELECTRONIC-COMMERCE ……………….…………….8 2.7 FACILITIES THAT SUPPORT E-COMMERCE……………………….……………9 2.8 BENEFITS OF E-COMMERCE…………………………………………….………..10 2.9 LIMITATION OF E-COMMERCE……………………………………………….…..12 CHAPTER THREE 3.1 DEFINITION OF M-COMMERCE…………………………………………………..15 3.2 CHARACTERISTICS OF M-COMMERCE………………………………………….18 3.3 PARTICIPANTING ENTITIES IN M-COMMERCE VALUE CHAIN…………….18 3.4 FUNCTION OF THE MOBILE NETWORK OPERATOR IN M-COMMERCE …..18 3.5 BILLING……………………………………………………………………………….19 3.6 AREAS OF APPLICATION OF M-COMMERCE………………………………...…20 3.7 REASONS FOR HIGH ADOPTION RATE OF M-COMMERCE…………………..21 CHAPTER FOUR CONCLUSION…………………………………………………………………………….22 REFERENCES …………………………………………………………………………...23 2 CHAPTER ONE INTRODUCTION Internet revolution has made available...
Words: 4756 - Pages: 20
...Running head: E-Commerce Commerce over the Internet is Relatable Safe Insert Name Insert Grade Course Insert Tutor’s Name 23 November 2010 Outline Introduction This section defines the term internet commerce and gives a brief overview of its history. Requirements for E-commerce It gives some of the major requirements involved in starting up an E-business. This includes; 1. Online store- for processing or transactions, and making purchases 2. Website- for marketing products 3. Secure interface- for preventing unauthorized people from accessing critical information Benefits of E-commerce This section gives some of the benefits and opportunities accrued to a business involved in E-commerce. They are; 1. Large number of potential customers- A large number of people rely on the internet thus they are likely to access information pertaining a particular product 2. Timeliness- transactions are facilitated quickly and customers get their products on time 3. Reduced marketing cost- requires very minimal marketing costs as compared to direct marketing 4. Reduced communication cost- communication is done online which is a bit cheaper than use of mobile phones or mails Limitation and challenges This part of the research paper gives some of the disadvantages associated with E-commerce 1. Limitation on the type of product- not all products can be sold over the internet because...
Words: 3226 - Pages: 13
...considerable time after the so called ‘Internet revolution’, electronic commerce, commonly known as e-commerce or eCommerce, remains a relatively new, emerging and constantly changing area of business management and information technology. There has been and continues to be, much publicity and discussion about e-commerce. According to the editor-in-chief of the International Journal of Electronic Commerce, Vladimir Zwass, ‘Electronic commerce is sharing business information, maintaining business relationships and conducting business transactions by means of telecommunications networks’ (Zwass, 1996). However, the term may refer to more than just buying and selling products online. It also includes the entire online process of developing, marketing, selling, delivering, servicing and paying for products and services. The amount of trade conducted electronically has grown extraordinarily with widespread Internet usage and is predicted to continue at this rate, or even accelerate. Electronic commerce covers a range of different types of businesses, from consumer based retail sites, through auction or music sites to business exchanges trading goods and services between corporations (Beyon-Davies, 2009). It is currently one of the most important aspects of the Internet to emerge (Curtis and Cobham, 2005). Although "conventional" commerce is still used by many companies, there is a growing tend to use electronic commerce, as more and more businesses move sections of their operations onto...
Words: 2589 - Pages: 11
...1911-2017 E-ISSN 1911-2025 Published by Canadian Center of Science and Education The Situations of Sole Proprietorship, E-Commerce Entrepreneurs and Trends in Their E-commerce: A Case Study in Thailand Pattarawadee Permwanichagun1, Sumeth Kaenmanee1, Aree Naipinit1 & Thongphon Promsaka Na Sakolnakorn2 1 Faculty of Management Science, Khon Kaen University, Khon Kaen, Thailand 2 Institute for Peace Studies, Prince of Songkla University, Hat Yai Campus, Thailand Correspondence: Pattarawadee Permwanichagun, Faculty of Management Science, Khon Kaen University, Khon Kaen 40002, Thailand. E-mail: pattarawadee999@hotmail.com Received: June 16, 2014 doi:10.5539/ass.v10n21p80 Accepted: September 4, 2014 Online Published: October 30, 2014 URL: http://dx.doi.org/10.5539/ass.v10n21p80 Abstract The aim of this study is to examine the situations of sole proprietorship, e-commerce entrepreneurs and trends in their e-commerce. This study uses a mixed-method quantitative and qualitative approach for collecting the data. The study finds that most sole proprietorships in e-commerce are owned females between 31 and 40 years old who are educated with a Bachelor’s degree (63.16%) and draw an income of 40,001–50,000 bahts per month (approximate $1 USD = 33 bahts). Most of these sole proprietorships (66.59%) are located in the central part of Thailand. These entrepreneurs spend more than eight hours a day on their businesses and supply their products by themselves...
Words: 3881 - Pages: 16
...analytical An analytical framework for evaluating e-commerce business models and strategies Chung-Shing Lee The author Chung-Shing Lee is Director of Electronic Commerce Resource Center and an Assistant Professor of Information Systems and Technology Management in the School of Business at Pacific Lutheran University, Tacoma, Washington, USA. Keywords Internet, Economy, Innovation, Strategy Abstract Electronic commerce or business is more than just another way to sustain or enhance existing business practices. Rather, e-commerce is a paradigm shift. It is a ``disruptive’’ innovation that is radically changing the traditional way of doing business. The industry is moving so fast because it operates under totally different principles and work rules in the digital economy. A general rule in e-commerce is that there is no simple prescription and almost no such thing as an established business or revenue model for companies even within the same industry. Under such conditions, an analytical framework is needed to assist e-commerce planners and strategic managers in assessing the critical success factors when formulating e-commerce business models and strategies. This research develops an analytical framework based on the theories of transaction costs and switching costs. Both demand-side and supply-side economies of scale and scope are also applied to the development of this framework. In addition, e-commerce revenue models and strategies are also discussed. Based on the analytical...
Words: 6444 - Pages: 26
...about to analysis is called “Facebook: The New Face of E-Commerce?” Mark Zuckerberg, 23, founded Facebook while studying psychology at Harvard University. A keen computer programmer, Mr. Zuckerberg had already developed a number of social-networking websites for fellow students, including Course match, which allowed users to view people taking their degree, and Face mash, where you could rate people's attractiveness. In February 2004 Mr. Zuckerberg launched "The facebook", as it was originally known; the name taken from the sheets of paper distributed to freshmen, profiling students and staff. Within 24 hours, 1,200 Harvard students had signed up, and after one month, over half of the undergraduate population had a profile. One of the main trends in 2012 social networks will be the rise of F-commerce or e-commerce through Facebook. Thus, this network becomes the only way, apart from the traditional online store on a web page, for a company to sell their products directly online without intermediates. The purpose of this paper is to discuss the Facebook as the new face of e-Commerce. In the last seven years, facebook has shown a tremendous ecommerce gateway trends. It is worth $5,257 million in the year 2009 having a customer base of 800 million, and 3000 employees across the globe. One of the most ambitious projects of the Facebook social network in last year was the birth and evolution of the F-Commerce, i.e. e-commerce on Facebook. I hope you enjoyed the brief information...
Words: 1079 - Pages: 5
