...The significance of e-commerce will vary between the businesses and organisations in terms of how the customers will adopt to this in the different types of marketplaces. The adaption to e-commerce will be different for individuals and business. The e-commerce transactions can be either buy–side or sell–side transactions. Buy–side e-commerce transactions exist between the organisation and its suppliers. Sell–side e-commerce transactions will exist between the organisation and its customers. There are various platforms that can be used and these platforms can be classified into specific groups based on the sales scenarios. The first of these is Business–to–Consumer (B2C). In this model, the organisation will sell its online goods to the customers....
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...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...
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...tactics and insights to work in complex environments (McGinnis, 1992) where the flow of material and information become vital. This basic phenomenon was integrated into the business and currently logistics acts as a central and essential feature of all economic activities (Christopher, 1986). The importance of logistics can be understood by its evolution. Earlier, flow of material was under different and fragmented activities such as purchasing, warehousing, transportation and etc. Then it became material and distribution management, and thereafter it has moved towards linking it to integrated logistics (Ballou, 2007). All these integrations to intent and purposes were to reduce costs incurred through logistics activities as logistics costs were seemed to be higher than any other cost of business activities. As an example, national level logistics cost of UK was accounted for 16 percentage of sales (Murphy, 1972). So that, organizations considered much on cost cuttings through effective logistics. But with the time, the scope of logistics has been expanded massively, and now it is a part of supply chain management (CSCMP, 2013). In the light of supply chain management, the importance of logistics become broad and it could be clearly...
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...It is really no surprise that online e-commerce businesses were one of the first groups to use social media to make their brand more social. Building a truly interactive social media community within an e-commerce platform is important as it creates a more efficient retail environment where customer opinions, relevant content and product information are freely distributed (Voiyk, 2012). There are different strategies for using social media to enhance e-commerce development: Display advertising – The downside of the explosion of social marketing display advertising is that it creates a somewhat cluttered landscape, but this can be mitigated through careful targeting. After all, display ads are much more than electronic billboards. They can be tailored for specific audiences and include things like coupons to prompt immediate action (Vendor seek, 2010). Building brand awareness – Beyond advertising, using social media can be an opportunity to engage potential customers in discussions of a brand and to demonstrate quality and expertise (Vendor seek, 2010). Spreading word-of-mouth – Raising a brands image does not have to depend solely on a company’s marketing team. Social media websites can be very powerful for campaigns. 46 percent of social network users report having posted something positive about at least one brand. Companies which have a small but loyal following can increase that following by encouraging customers to spread the word on social media sites (Vendor seek...
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...| 2015 | | Skills for Learning | [“The Importance of E-Commerce in Modern Society” by Catherine Kennedy] | | Assignment 4 “The importance of e-commerce in modern society.” This essay will outline what e-commerce is and the role it plays in modern day society. It will attempt to explain how e-commerce can affect small and medium size business, large corporations and consumers. It will also outline some of the challenges it can bring to business and individuals. E-commerce or electronic commerce can broadly be defined as the conducting of business communications and transactions over networks and through social media. It includes the buying and selling of goods through a website and also connecting global organizations through email, web conferencing or EPS systems. Online banking and travel reservations are other examples of e-commerce in today’s society. According to CSO office (2014), 61% of Irish Enterprises use social media in running their companies. Social media can provide many advantages to small and medium size business due to the relatively low cost of setting up a webpage or facebook page. They do not need to have IT specialists. This helps them to create awareness for their product and help build their brand online, according to Abed et al (2015). Most large companies now compete on a global scale and can have plants in different parts of the world. E-commerce has greatly helped in this area. Companies can now hold web conferencing online...
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...during the review. The recent demonstrates the importance of the researcher’s commitment to the creation and understanding of information in an area (Henning, van Rensburg & Smith, 2004). The reason literature study is to take a gander at past work with a specific end goal to form compelling experiences into the exploration range that is continuously inspected. It is further used to contextualize the exploration study within reach so as to contend a case (Henning et al., 2004). A careful literature survey establishes the framework for the present research and empowers the researcher to advance a quality contention, giving proof of what has recently been carried out in the branch of knowledge. Electronic Commerce (e-commerce) applications support the interaction between different parties participating in a commerce transaction via the network, as well as the management of the data involved in the process. The emergence of E-commerce has created a novel marketplace. However, there are various ways to definite what constitutes e-commerce. Bakos (1997) argued that it is the electronic market systems that create a space where buyers and sellers converge. Zwass (1996) proposed an architecture that embraces the aforementioned perspectives as two components of an e-commerce structure. Chang, Jackson (2002) argued that e-commerce includes not only buying and selling goods, but also various processes within and across organizations. E-commerce can also be loosely defined as a business process...
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...Business which is commonly referred to as e-business, which is the utilization of information and communication technology (ICT) in conduct business on the internet, not only buying and selling but also servicing customers and collaborating with business partner. Electronic business methods enable companies to link their internal and external data processing systems more efficiently and flexibly, to work more closely with suppliers and partners, and to better satisfy the needs and expectations of their customers. Trust is the key to the success of e-business and lack of trust is the significant problem on the way to e-business success. During every business transaction, the parties involved should feel trust with the people and the companies. It must be established and managed continuously in business transaction activities. Security services offering protection from security threats are: identification, authentication, confidentiality, integrity, access control, and non-reputation. Today, e-business applications are doing more than ever to increase efficiency and improve relationships with partners and customers. In relation to trust and internet technologies, consumers are concerns about two main things which are privacy and security. This study is focusing on the issues relating to e-business, such as its importance, issues and the solutions in order to overcome related to the security and trust in e-business. Importance of Trust regarding e-business Traditionally, the issue...
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...CHAPTER 1: INTRODUCTION 1.1 Background Of Study E-Commerce is one of the very concepts growing in the internet world. Use of this system can actually benefit many parties such as consumer, manufacturer or the retailer. The concept of online shopping provides many facilities and advantages compared with the conventional concept of shopping. A part transaction process can be faster, the internet has provided nearly all goods usually sold complete. Nowadays, the development in Information Technology is rapidly growth. Information technology has proven capable of integrating every detail of information that previously seemed impossible was achieved, as the speed of information, efficiency and effectiveness. Information technology is widely used as a website for selling product online, where the product can be accessed throughout the world. Accordingly, the development of information technology through the concept of e-commerce has changed the business environment more conducive to force us to dominate the field more quickly. Rapid development in information technology, especially in the development of the Internet has led to the extensive use of electronic in the daily business such as e-commerce, e-government and e-commerce as well. E-mail and the internet site are the most important component of e-commerce. While the growing importance of the Web 2.0 and the effects on consumers and organisations are issues frequently making headlines and increasingly attracting academic...
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...Introduction In today’s world, E-business has become part and parcel of everyday life in many business circles as a large number of organizations are involved in one form of e-businessor another such as e-procurement. The effect of e-business and in particular e- procurement on internal customer service is being addressed in this study because e- business and internal customer service are all important issues in today’s globalisedworld which is characterised by stiff competition among organisations.One of theResearch suggest that e-business activities bring three types of benefits to theorganization: value benefits (perceived by both buyers and sellers as a result of reducedsearch and costs), revenue benefits (allowing the organization to exploit newopportunities such as disintermediation, free service, etc.), and logistics benefits (finding the proper position in a supply chain).Procurement is an important part of the supply chain and does not only affect external stakeholders but also internal stakeholders. This entails that it has potential to add value not only to the external side of the supply chain but also to the internal supply chain. The electronic application of procurement (e-procurement) has had many benefits to organizations such as cost savings and profits. It thus makes it an important area of study and this particular study addresses how e-procurement is affecting internal customers in organizations and goes further to determine how external customers are affected...
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...Business Research Report E-Commerce: The future of ABC Corporation. A look into the features, advantages, and benefits of entering the online sales arena in today’s retail market. October 2012 Assessment Code: RWT1 Date: October 21, 2012 Table of Contents Cover page…………….……………………………………………………………….….1 Table of contents……………………………………………………………………….….2 Executive Summary…………………………………………………………………….…3 Introduction…………………………………………………………………………….….4 Advantages and Disadvantages…………………………………………………………………………….5-6 Potential for Impact...………………………………………………………………….....7-9 Requirements……....………………………………………………………………....…..9-10 Recommendation…………………………………………………………………………11 Conclusion………………………………………………………………………………..12 References……………………………………………………………………………..…13 Executive Summary ABC Corporation is a retail establishment that has attained a stronghold in the United States through brick and mortar stores. Desiring to increase revenue and broaden its customer base, ABC is currently entertaining the idea of entering the online sales arena. Allison Enright, (2012) Editor of Internetretailer.com, states that,” U.S. e-commerce sales accounted 5.1% of total retail spending, according to an estimate released last month by the U.S. Department of Commerce. It is the first time that e-commerce as a percentage of total retail spending has topped 5%.” These figures suggest ABC’s desire to...
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...The Impact of E-Commerce Willie M. Gray GB 365 Legal Environment of Business Miles College Instructor: Wendy M. Stewart October 13, 2015 Abstract Today’s economy is truly a global one, allowing a lot more room to maneuver and focus on providing customers with a value product ensuring success. E commerce has made a profound impact on society, people can shop online in the privacy of their own homes without ever having to leave. This method changes the way people look at shopping and spending money, it has changed the face of retail services. E commerce is a term for any type of business, or commercial transaction that involves the transfer of information across the internet. It 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. E commerce is currently one of the most important aspects of the internet to emerge. E commerce businesses must use patents for their business, because it is very important to protect your company. The future of e commerce and online business looks very bright, especially since technology is evolving every single day. In the future you can probably expect custom everything for customers, more personalized brands, and virtual shopping. The Impact of E-Commerce E commerce is a term for any type of business, or commercial transaction that involves the transfer of information across the internet. It covers...
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...professional and complete value added services and delivery of goods and services. According to a study third party logistic is a set of basically a relationship between buyers, sellers and logistic service providers in the supply chain. They provide a clear between third party logistics providers and the service providers. As per the research the term logistic service provider has been used as the interchangeable denote for the external suppliers that have been performing a part of logistic function within a company. The relationship between third party logistic companies and ecommerce has been a force which has driven the company towards constant growth and success of the various companies in the electronic commerce industry. The research study indicates that the impact or the importance of third party logistic companies has been of great support to the ecommerce industry. Along with this, many research studies have indicated that with the outsourcing of third party logistics companies as the supply chain management of the ecommerce companies have been a strong element of this industry. With a quiet and simple way, ecommerce from a communication point of view is understood as the...
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...SCHEMES OF WORK – COMMERCE (GRADE TEN) SCHEMES OF WORK – COMMERCE (GRADE TEN) WEEKLY SCHEDULE(3 periods a week) | TOPICS AND CONTENT | LEARNING OBJECTIVES- Students will be able to: | TEACHINGSTRATEGIES | SUGGESTED ACTIVITIES | RESOURCES | ASSESSMENT | 1. Introduction to Commerce | | | | | | 1 | A) Organizational Structure of Commerce | 1. Define the terms within the organizational structure. 2. Draw up and complete the organizational structure of commerce. | Graphic OrganizerMnemonic Strategies | Question and AnswerIllustrationsBingo | Wall ChartsMini chart print outs Commerce Textbooks: (Listing of texts attached) | Quizzes:-Chart completion-DefinitionsBingo Games | | B) Needs and Wants | 3. Distinguish between needs and wants. 4. Discuss the role played by producers in the satisfaction of consumer needs and wants | SPAR ( Spontaneous Argumentation)Graphic Organizer | DiscussionsQuestion and Answer | Commerce TextbooksPowerPoint PresentationInternetLaptop | Assignment-categorizing needs and wants. | 1 | C) Economic Systems | 5. Identify and explain types of economic systems | Graphic Organizer | Questions and Answers | Chart PrintoutsCommerce Textbooks | Quiz | 1 | D) Direct and Indirect Production | 6. Distinguish between direct and indirect production 7. List and explain the commercial occupations. | Graphic OrganizerCooperative learningMnemonic Strategies | Role playDiscussionsGraphic Organizer | Commerce Textbooks | Assignment-categorizing...
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...to seize the momentum of social media and social networking, technology-enabled social commerce has emerged to combine the power of online social networking with shopping. This study examines an emerging area in E-commerce, i.e., social commerce. Extending the online consumer behavior typology, this study categorizes online consumer behaviors into three types: transactional, informational, and social. While traditional E-commerce supports the transactional and informational aspects of online shopping, social commerce fulfils the social aspects of shopping, and potentially enhances the informational aspect as well. This research examines the online shopper as a prospective user of an emerging social commerce platform, the social shopping website, which are sites designed specifically to support social interactions while online consumers shop. The study augments the Technology Acceptance Model with constructs that enhance the specificity of the model to the social shopping application of social commerce. The model was empirically tested and supported. The results provide empirical evidence to support the importance of distinguishing the social aspect of shopping from the information and transactional aspects, as well as the potential advantage to using technology to promote social interactions on E-commerce sites. Implications and future research are discussed. Keywords: E-commerce, internet, shopping, social networking Ecommerce and the Internet ...
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...E-COMMERCE: THE EXCHANGE Your Name Here College Here Abstract Through the innovations of technology evolved e-commerce. E-commerce is a form of business where transactions or facilitation of business are done on the Internet (Khurana, n.d.). E-commerce “eliminates limitations of time and geographical distance,” as well as “streamlines operations and lower costs” (Khurana, n.d.). Through e-commerce startup, businesses can either do exceptionally well or fade out. The businesses that will exceed make use of resources available to them, as well as having knowledge about their customer base and competitors. The ExchangeHunterJumper.com is an e-commerce business that will be reviewed to discuss how the owner made her business successful through the customer base, competition, social media, user-friendly web pages, and customer personalization in e-commerce. E-Commerce: The Exchange E-commerce is an evolution of the Internet. According to Laudon & Travor (2012) the Internet has three stages of development: 1) Innovation, 2) Institutionalization, and 3) Commercialization. Innovation stage was through the period of 1961-1974, in which the fundamental building blocks are conceptualized and realized in hardware and software. Institutionalization stage was through the period of 1975-1995, in which large institutions provide funding and legitimization for the Internet. Commercialization stage is through the periods of 1995 to present, in which private corporations...
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