Free Essay

E-Comerce

In: Business and Management

Submitted By Luigir5567
Words 1263
Pages 6
Business now in day have come a long way, there are many different types of business, for example we have companies that provide services, some of this services are staffing agencies, this companies provide temporary employment for companies that do not like have the hassle of having to deal with any type of problems for company requirements and still get the men power necessary to run a business. Other business have production of goods, this companies are dedicated to the production of goods to satisfy every day needs, they vary from creating food products to the creation of luxury items, some of this companies sell the products that they create to the end customers but most of them use retail companies to distribute their goods. Retail companies are dedicated to the promotion and sale of products.
When we see the world that we live on, we can see that technology runs more and more aspects of our life, regardless of what task we attempt to start or continue some way of technology is directly or indirectly involved, if we think of simple tasks like dressing up, we might not use machines to put on our clothes but the clothes that we are going to wear have been produce by a machine run by some form of technology, so even on simple tasks like putting a shirt on we have the use of technology, business now take advantage of all of this technology to run most of the everyday operations.
Our society more and more has turn into a cyber-society, in the past if you needed a pair of batteries, you would have to go to the town store and know that it would take you at least thirty minutes simply because you would take time to talk to the store owner and catch-up with what is happening in their lives, this was always part of an interaction between the customer and retailer, in this cyber-society if we need a set of batteries, we go to the computer and place an order, no person or interaction is involved, it becomes a one minute purchase and a couple of days later the mail man drops it on your door step. Although all these methods have made our life easier, we have lost the human interaction part of our lives. With the advances of these types of technologies, like mentioned before, business have implemented the use of all of these, business uses the internet to sell their goods, these process is called E-Commerce or in its long form Electronic Commerce.
Business have been conducting many types of electronic transactions since the nineteen sixties’ even with the few resources that were available at that time, business found the way to create different standards based on each individual company programmer and needs, at that time most companies used what it’s called EDI Electronic Data Interchange, at the time this was the best possible way to transmit any type of documents, and sales.
Since every company had its own standard there was no way to regulate that was legal and what wasn’t because at that time every company had a different system with no regard of any type of stands and the problem became when one company needed to make a transaction with another that had different standards, there was always a wall or obstacle that needed to be worked out, because of this reason in 1979 an agency had to get involved to regulate this standards.
In 1979 the ANSI American National Standards Institute, decided that it was necessary to regulate in some way what was going to be the standards for online transactions. The American National Standards Institute came up with the ASC X12, which was going to be the standard that business needed to follow in order to conduct any type of sharing of business document, this standards were created so that every business that needs to conduct any type of transaction would be same. Even with this standardization every transaction business was part of transfer protocol and was only available to big business, and was not user friendly at all.
In 1990 a little thing called the World Wide Web was created and this little hypertext-based web of information was the begging of the new era and paved the way for E-Commerce.
In 1995 a guy named Jeff Bezos did something that no one expected, he boxed up the first ever sold on Amazon.com, he did all of these from his garage, this simple process of selling a book over the internet within 30 days became as he proclaim himself the Earth’s Largest Bookstore and was selling books in all of 50 states and 45 countries.
By 1996 a guy got curios to see if people would use the internet for bidding on an item and after selling his first item, “A broken Laser” he continued doing it, his idea was so good and innovated that by the end on 1996 with only two full time employees EBay sold seven point two million dollars, leveling the field right along with Amazon.
Among many functions that E-Commerce has to offer some of them have to be mentioned and explained because they are the most common ones, the first one is the most logical one, which is the buying and selling of products and services, this simply means that you have the market in the palm of your hand, second is the union with other companies, every company can collaborate with each other in order to reach the customer in a more personal level, as well as work together to promote a product, another is to communicate with partners, also as part of the E-Commence shell is the fact for business intelligence on customers which means that companies are able to see trends in their sales to predict what customers are more skeptical to purchase and the latest trends to determine what’s next.
Just like any system E-Commerce has its advantages and disadvantages, one of the main disadvantages is the capacity of the signal that the internet is transmitted thru, for example in countries in which technology has not couth up, they could have very little bandwidth making the E part of commerce very slow and sometimes not possible, another possible disadvantage that come along with the type of technology that is the country, this problem is security, with minimum technology comes minimum training and maintenance, and with these aspects in mind security could become a big issue, last but not least there is the issue of acceptance, there is still a lot of people out there that does not believe in anything related to the internet in other words does not trust anything that starts with an E.
There are many advantages that involve the E-commerce shell, the main advantage is the speed in which the buying and selling process as well as easy to find products, another advantages is being able to have the ability to perform this process twenty four hours a day seven days a week, another is the ability to reach more customers References: * Roos, Dave. "The History of E-commerce" 15 April 2008. HowStuffWorks.com. <http://money.howstuffworks.com/history-e-commerce.htm> 17 March 2013. * Maney, Kevin. "USATODAY.com - 10 Years Ago, EBay Changed the World."USATODAY.com - 10 Years Ago, EBay Changed the World. N.p., 22 Mar. 2005. Web. 17 Mar. 2013 * Webley, Kayla. “Time.com-Online Shopping.” “Time.com-Online Shopping.” July16,2010.

Similar Documents

Premium Essay

E-Comerce

...customer experience through omichannel distribution More and more retail chains are implementing omnichannel strategies, in order to bind customers online and offline and to make their business models sustainable. Customers expect to have their buying desires fulfilled at any time, wherever they are. This is a shopping behaviour that tends to start with a search for a product, whether that be via a smartphone during a TV ad break, at information terminals in bricks and mortar stores or via a PC in an online shop. 2. All data at the right time to the right customers Customers take for granted that “channel-hopping” will work without a hitch. Retailers, however, face a technical challenge which cannot simply be overcome using a standard e-commerce solution; from various source systems, the entire range on offer – namely quantities of product data, availability, current daily campaigns – must be collected together in a centrally integrated platform and made digitally accessible. Only when all of this works, will investing in product data and content be more likely to elicit a rapid ROI. Thus, how you deliver content is just as important as creating it in the first place. 3. The search as an enabler to retail strategies Through studying international retailers, who use an omnichannel approach, we’ve seen how search can be strategically deployed as a unifying element of the online and offline worlds,...

Words: 1042 - Pages: 5

Free Essay

E Comerce

...Name: Mohamed Ahmed Ouamer Class: E-commerce and Web Design MG 448 Professor: Marcus Conclaves Case study 3: Akamai Technologies BU fall semester 2012 Akamai Technologies, Inc. is an Internet content delivery network headquartered in Cambridge, Massachusetts. U.S. Akamai's network is one of the world's largest distributed-computing platforms. The company was founded in 1998 by Daniel M. Lewin (then a graduate student at MIT) and MIT Applied Mathematics professor Tom Leighton. Akamai is a Hawaiian word meaning smart or intelligent with connotations of insightful, wise or skillful. 1) Akamai need to geographically disperse its servers to deliver its customer`s web content much faster and closer to end user, so a user in New York city for instance will be served LL Bean pages from new york metro area Akamai server and vice versa. 2) Yes I would sign up for Akamai`s service because it has more than 73000 servers and provide a good service. There many other alternatives like blue coat, lime light and mirror image internet. 3) Akamai also offers a product line called advertising decision solution, which provides companies with intelligence generated by the internet`s most accurate and comprehensive knowledge base of internet network activity. Advertiser can deliver ads based on country, region and city .marketing and information service will benefit a lot from the Akamai service. 4) Major business do not distribute their video through p2p networks......

Words: 335 - Pages: 2

Free Essay

Tendencias Globales de Logística

...obstáculos. Así, dos ejemplos perceptibles son la movilidad y la comunicación las cuales permiten conectarnos en voz y audio con personas que se encuentren al otro lado del mundo sin conocer fronteras. A continuación se listan y resumen las principales tendencias Globales de Logística que están cambiando la logística. 1.1. Energías Limpias Son una de las primeras tendencias en la logística en este sentido, se ha destacado que las grandes empresas logísticas invierten en tecnologías limpias, que tienen el objetivo de reducir el consumo y por consiguiente el coste final por kilómetro, y por este motivo la distribución se verá afectada con una mayor flexibilidad del coste del combustible. Ejemplo de ellos son los vehículos eléctricos e híbridos, este desarrollo está enfocado principalmente a la mejora de procesos ya existentes, cuyo fin es sustituir los vehículos con motores de expansión. El valor añadido de esta tecnología es el compromiso con el medio ambiente. Desde varios años se tiene conciencia de la necesidad de buscar fuentes alternativas de combustión para los vehículos. En esta línea nacen estos vehículos, cuya principal ventaja respecto de sus antecesores es la reducción de emisiones contaminantes. La logística es la operación que integra información, flujo físico y flujo de’ dinero. Hoy se pueden hacer la primera y la última acción de manera instantánea y sin tener en medio un intermediario, sino de manera directa del consumidor, lo que cambia el rol que......

Words: 952 - Pages: 4

Premium Essay

Strategic Business Objectives of Information System

...but its potentiality is high. From this research, other researchers and policy makers will get an insight about the problems and prospects of mobile banking in Bangladesh. Definition of M- Commerce 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). Known as next-generation e-commerce, m-commerce enables users to access the Internet without needing to find a place to plug in. The emerging technology behind m-commerce, which is based on the Wireless Application Protocol (WAP), has made far greater strides in Europe, where mobile devices equipped with Web-ready micro-browsers are much more common than in the United States. In order to exploit the m-commerce market potential, handset manufacturers such as Nokia, Ericsson, Motorola, and Qualcomm are working with carriers such as AT&T Wireless and Sprint to develop WAP-enabled smart phones, the industry's answer to the Swiss Army Knife, and ways to reach them. Using Bluetooth technology, smart phones offer fax, e-mail, and phone capabilities all in one, paving the way for m-commerce to be accepted by an increasingly mobile workforce. As content delivery over wireless devices becomes faster, more secure, and...

Words: 3970 - Pages: 16

Free Essay

It Market Research

...e Resumen Ya sea para la adquisición o adopción de Tecnologías para la Información y Comunicación (TIC), los gerentes, directivos, o dueños de una empresa toman decisiones constantemente en la compra de herramientas que brindan las TIC. Existe una gran variedad de factores, internos y externos a una empresa, que son determinantes y que influyen generalmente al momento de optar por la adopción o implementación de cierto producto o servicio TIC. Algunos de estos factores son: el presupuesto con el que cuenta una empresa, el conocimiento o pericia con los que cuente el personal al interior del negocio, factores socio-culturales y ambientales, entre otros. La importancia de la adopción TIC cobra fuerza en la medida en que se planea su adquisición de acuerdo a los propósitos y objetivos de una organización. En este sentido se pretende enlistar y explicar de manera holística los factores que influyen sobre los directivos al momento de optar por una herramienta tecnológica, de acuerdo a las teorías del comportamiento del consumidor y del comportamiento del comprador institucional. Palabras clave: TIC. Factores de adopción. Agentes decisores. Toma de decisiones. Abstract Weather for acquiring or adopting Information and Communication Technologies (ICT), managers, directors and firms owners constantly make decisions on the bought of tools that provide the ICT. Internal and external company factors are crucial and which generally influence choosing adoption or implementation of...

Words: 6810 - Pages: 28

Premium Essay

Marketing Research

...ANELINA YASENOVA BAEVA ONLINE CONSUMER BEHAVIOR WEB EXPERIENCE ELEMENTS IN ONLINE CLOTHING MARKET September 2011 MASTER THESIS IN MARKETING ONLINE CONSUMER BEHAVIOR Web Experience Elements in Online Clothing Market Student: Anelina Yasenova Baeva Supervisor: Professor Doctor Arnaldo Fernandes Matos Coelho September, 2011 ONLINE CONSUMER BEHAVIOR – Web Experience Elements in Online Clothing Market Abstract Online shopping in EU has been shown to be a good potential market. Clothing represents a high percent of the individuals shopping. Buying clothes online gives customers the opportunity to find a great variety of products, customers can review a wide selection of products and find special offers with the best deals online. However, the tangible and intangible problems of clothing online shopping still exist and the online store retailers lack the customer knowledge in some extent. Therefore, the intention of the thesis is to explore customer behavior when purchasing clothing online through investigating the factors that can affect online consumer`s attitudes, intention and actual consumers` behavior. The study investigates the main web - experience factors that customer takes into consideration when purchasing clothes online. Yet, the most important online elements are categorized in two main groups: customer - oriented factors and technology - oriented factors. The autor used quantitave research in term of survey to analyze the consumer`s attitutes towards the......

Words: 30250 - Pages: 121

Premium Essay

Foreign Direct Investmeni (Fdi) in Housing Sector in Jordan

...CHAPTER ONE: INTRODUCTION 1.1 INTRODUCTION Governments of all political leanings show an interest in their housing sectors, since housing touches people's lives directly. In socialist countries, governments take care of everything including housing. However, capitalist governments are also keen to improve their housing sectors. For instance, both Conservative and Labour governments in the United Kingdom have concentrated on housing at times of closely fought elections demonstrating how important politics has been to public housing investment. In the UK both Conservative and Labour parties attempt to draw as many voters as possible towards them at election time through highlighting this priority. However, despite this political attention to providing housing particularly in third world countries, several problems still face many countries such as providing infrastructures, education, and health care services and Jordan is one of these countries. One of the most important difficulties in Jordan is housing, which manifests itself in a shortage of housing as a result of insufficient finance where the expenditure ratio on housing in development plans decreased from 25.7% in 1970 to 9.1% in 1992 (General Committee of Planning, 1997). In addition, the General Council of Planning report highlights that there are also finance difficulties faced by the housing sector (General Council of Planning, 2002). This research deals with the housing problem in Jordan in general, and......

Words: 26562 - Pages: 107