...The Challenges of E-Commerce MKT552 The Challenges of E-Commerce Today’s business managers face many challenges when migrating a traditional ‘brick and mortar’ company to that which is now known as the evolutionary ‘click and mortar’ business model – that is, a business that operates in the Internet market space. To stand boldly in the face of challenges presented by the networked economy, firms must develop competencies that enable not only high performance market interactivity and adaptive, intuitive customer engagement platforms, but also contribute to the development of sound business strategies that ensure a firm’s competitiveness in the vast web-based business environment. Considering this, important factors such as copyright infringement, regulatory compliance, and policy and procedure guidelines must be considered in order to ensure safe business practices while endorsing and protecting a company’s brand, reputation, and intellectual property. This paper serves to identify the primary challenges posed by e-commerce landscapes, while profiling the characteristics of the four infrastructures most commonly found in web-based business models. Furthermore, this paper also discusses the ways that managers can optimize their business strategies to gain competitive advantage by employing the opportunities provided by the Internet market space. Overview of e-Commerce Business Models Today’s networked economy presents a variety of business challenges that are unique...
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...Sell That “Ish” Sistha: E-commerce challenges Leslie E. Smith MKT 554 November 18, 2013 Doris Blanton Sell That “Ish” Sistha: E-commerce challenges Sell That “Ish” Sistha (STIS) is a small, internet based company that specializes in customized merchandise. From customized T-shirts to canteens, STIS encompasses all four infrastructures of ecommerce. With this business being operated primarily through the internet, there are many regulations STIS has to abide by to be successful. In this report, there will be a discussion of the four infrastructures: B2B, B2C, C2C, and C2B. In addition, the role of internet regulations such as copyright infringement will be discussed. To understand the e-commerce infrastructures Sell That “Ish” Sistha encompasses, we must first define them. Business to Business ecommerce, according to the Free Encyclopedia of E-Commerce, is defined as business conducted through private exchanges set up by large companies for their suppliers and customers. STIS must use other businesses to replenish their supplies. Business to Consumer e-commerce is the process of buying and selling products using the internet rather than methods like catalog order or maintaining a brick and mortar retail establishment. STIS is a company run through the internet. Consumers must come to the website in order to receive products from STIS. Consumer to Consumer e-commerce is defined as the practice of individual consumers buying and selling goods via the internet. In order...
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...Global Challenges Associated with E-Commerce Pamela Moss IT500-02 Critical Concepts and Competencies for the IT Professional Instructor: Sheila Fournier-Bonilla Kaplan University 03.20.2013 Global Challenges Associated with E-Commerce For many businesses today, implementing e-commerce capabilities into a traditional business can seem like an easy task on the surface, but there are many challenges associated with successfully implementing an e-commerce web site into a business that will appeal to global consumers and increase the success and profitability of the business. One model commonly used in e-commerce is the multi-stage model; this model breaks down each stage of the customer’s shopping experience to ensure quality and service that will induce positive feedback from the customer and return visits. Like all traditional businesses, there are challenges at start-up, and e-commerce also has its own challenges. This document will discuss six major challenges businesses face when trying to implement a successful e-commerce web site, the effects these challenges have on an e-commerce business, and what steps may be taken to overcome these challenges. Cultural challenges in e-commerce are one of the most difficult challenges to overcome because the language challenge must be considered simultaneously. A clear assessment of culture is a combination of language and routine executed in a specific location or geographical region. Therefore, cultural challenges for an...
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...“TAXATION OF E-COMMERCE AND ITS CHALLENGES” The advancement in the technological world gave rise to E-commerce. It is the new buzzword of the 21st century. In terms of accounting "E-commerce is the process of buying, selling, or exchanging products, services, or information via computer networks through the use of internet”. It offers a new way of conducting, managing and executing business transactions using modern information technology without any geographical barriers. It has redesigned the traditional mode of business which is based on –physical presence and physical delivery of goods and services. E-commerce is any transaction completed over a computer-mediated network that involves the transfer of ownership or rights to use goods or services. This article is an attempt to highlight the key issues in the area of ecommerce taxation analyzing and understanding the existing tax legitimate. Since EC can be conducted virtually instantaneously around the globe and around the clock, the question where the profits should be taxed becomes crucial. Taxing the Internet is a topic haunting governments from all over the world. The Need To Tax The e-commerce industry of India is one of the fastest growing segment in the Asia Pacific region. With a staggering CAGR of 34.58% from 2009 to 2012, the Industry has expanded from INR 19249 Crore (USD 3.49 bn) to INR 47,349 Crore (USD 8.60 bn) in a matter of 3 years. Electronics and Apparel are the biggest categories in terms of sales...
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...Unit 2: IT 500 Assignment – Challenges implementing multi-stage e-commerce model Rajesh Salunkhe May 13th, 2013 Kaplan University (Prof. Sheila Fournier-Bonilla) Abstract This paper is written to review some of the challenges associated with all global systems attempting to implement a multi-stage e-commerce model. The paper endeavors to examine these challenges from a cultural, language, time and distance, infrastructure, and currency perspective. Additionally challenges related to state, regional and national law too are examined. Challenges implementing multi-stage e-commerce model Implementing global systems for a multi-stage ecommerce model can be a daunting challenge and yet provide a growth opportunity simultaneously. Simplistically, e-commerce refers to some form of electronic activity (e.g. buying or selling goods or services online) , that cross organizational barriers, with or without the involvement of WWW or Internet. Ecommerce systems can be implemented as Business-to-Business (B2B), Business-to-Consumer (B2C) , Consumer-to-Consumer (C2C) and Business-to-Government (B2G) models (IBMR, 2008). Regardless of the model, if their associated challenges are well-identified and proactively addressed, then a new world of opportunity due to market expansion and growth potential, awaits the companies...
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...Introduction Commerce is the conducting of business; it could be buying, selling, marketing, or providing services. The newer forms of commerce are electronic commerce (e-commerce) and mobile commerce (m-commerce). The types of e-commerce are business-to-business, business-to-consumer, and consumer-to-consumer. The traditional commerce practice required consumers to buy at a retail location, order from catalogs over the phone, or fill out order forms to mail in. These processes where lengthy and inconvenient to consumers needing products fast or even business needing a rush order could still take weeks. E-commerce emerged eliminating the long processes of ordering and waiting on receipt of order, then processing; to just clicking buttons and shipment within hours or days. E-commerce and M-commerce have many benefits to businesses and consumers but as with any great thing there are challenges. In attempting to implement a multi-stage model for e-commerce with global systems, the key challenges are; cultural, language, time and distance, infrastructure, currency, and state, regional, and national laws. Cultural challenges Culture includes difference in morals and beliefs, language, currency, laws and the way individuals as well as businesses function. Cultural challenges occur when the major understandings and assumptions of the business leaders is different from the consumer or other business, in which business is to be conducted with. Within e-commerce cultural challenges emerge when...
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...E-Commerce Global System Challenges IT-500-02: Critical Concepts and Competencies for the IT Professional Professor Dawn Giannoni, PhD Date Submitted: Feb/05/2012 Table of Contents Abstract3 Introduction4 Cultural Challenges4 Language Challenges5 Time and Distance Challenges5 Infrastructure Challenges5 Currency Challenges6 State, Regional, and National Law Challenges6 Conclusion 6 References7 Abstract This paper defines how the Information Technology is important in the current world of E-Commerce. It has changed the business style from old traditional method to E-Commerce. Many companies have found out the hard way that successful e-commerce requires more than a flashy web presence. Despite of latest technology and law, still there are number of challenges associated with E-Commerce implementation. Many of such challenges like Cultural, Language, Time and distance, Infrastructure, Currency & State, regional, and national law are discussed and addressed by Stair & Reynolds (Stair & Reynolds, 2011). This paper gives directions on how processes may be reengineered with this aim. Introduction There is a historic parallel for the current limited success of e-commerce. The first wide-scale introductions of IT in the business place focused on the improvement of isolated parts of business operations. E-Commerce basically began (although debated) in 1994 when Jeff Bezos started Amazon.com out of his own garage. Since...
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...Unit 2: Assignment 1: Global Challenges Associated with E-Commerce December 18, 2012 IT500-01N: Critical Concepts and Competencies for the IT Professional Instructor: Dr. Sheila Fournier-Bonilla Kaplan University Unit 2: Assignment 1: Global Challenges Associated with E-Commerce E-Commerce has changed the ways that companies do business, they are no longer confined to certain areas, regions, or even countries. "E-Commerce and m-commerce offer enormous opportunities by allowing manufacturers to buy supplies at low cost...they also offer enterprises a chance to sell globally.." (Stair and Reynolds, 2012). E-Commerce is not an easy venture and there are many challenges that are associated with all global systems wishing to implement e-commerce. The challenges that will be discussed and analyzed in this paper are; cultural, language, time and distance, infrastructure, currency, and state, regional, and national law challenges. It is very important that companies wishing to implement e-commerce systems in a global market pay very close attention to dealing with these challenges or they just might fail in their venture. Cultural Challenges The first thing that must be realized when implementing e-commerce is that you are going to be dealing with people from other cultures and not all cultures are the same. According to Kamel (2008) "cultural differences have a profound impact on the usability, acceptability, and user performance of Web sites". Companies must understand...
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...TL1033: Logistics (Part 1 – Introduction to Theory) Level 1 – Semester 2, Bachelor of Transport and Logistics Management Department of Transport and Logistics Management Assessment 1 131448P “Leaders win through logistics. Vision, sure. Strategy, yes. But when you go to war, you need to have both toilet paper and bullets at the right place at the right time. In other words, you must win through superior logistics.” - Tom Peters The word logistics was used in warfare where logistics became a pivotal technique to win the game. In that case most of the military logistics literatures of early periods were delivered the 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...
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...February 3rd, 2012 Homework 1 1. How does e-Business differ from e-Commerce? Give a definition for e-Commerce and examples to explain the differences. E-Business is the conduct of transactions by means of electronic communications networks (e.g., via the Internet and/or possibly private networks) end-to-end. E-Commerce is a part of e-Business, which has to do with the buying and selling of goods and services, and the transfer of funds through digital communications. E-Business is different from e-Commerce because it deals with digital transactions and processes within a firm, involving information systems under the firm’s control. E-Business does not just refer to information exchanges related to buying and selling, but it also has to do with servicing customers and collaborating with business partners, distributors and suppliers. Another way e-Business is different from e-Commerce is that e-Business encompasses sophisticated business-to-business interactions and collaboration activities at a level of enterprise applications and business processes. E-Commerce is different from e-Business because it mainly deals with just the buying and selling, whereas e-Business deals with more than just buying and selling. Also, e-Commerce primarily deals with on-line display of goods and services, ordering, billing, customer service and handling of payments and transaction. One final difference between e-Business and e-Commerce is that e-Business includes key business processes like...
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...E-commerce and CSR issues In the words of Alejo and Joan (2005), regarding E-commerce and its Corporate social responsibility issues, “Reality is virtual, virtual reality-the reality that exist in the form of bits and bytes activated by electromagnetic energy and made powerful by IT and the internet-has changed the way we relate to one another. It has also revolutionized economics and business”. The authors state that while e-commerce, the sale of goods over the internet, has boosted online sales, especially products like books, CDs and computer products; it has also raised important new ethical challenges. These challenges revolve around four main issues: security, privacy, identity and transaction non-refutability. There is no doubt that a new ethical dilemma has arisen and these authors propose two universal principles that must be upheld by internet commerce. The first ethical challenge of internet commerce is security, commonly referred to as “hacking”, ‘cracking”, or “page jacking”. Internet security breaches involve trespassing or breaking into computer networks, websites, and mailboxes. Hackers will steal information from confidential files, steal services or damage a system by swamping a PC, a server or a network. The second ethical challenge relates to privacy, which involves protecting the collection, storage, processing, disseminating and destruction of personal information. They continue that no one is anonymous on-line and what is nirvana for direct...
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...Porter’s Five forces | 12 | 5. | Critical Success factors | 15 | 6. | Challenges Ahead | 18 | 7. | References | 21 | 1. INTRODUCTION 1.1 About E-Commerce As a result of globalization and revolutionized technology and in many ways its feature, the term e-commerce represents the edge of success in this modern age computers and technology. E-commerce stands for electronic commerce. It means dealing in goods and services through the electronic media and internet. On the Internet, it relates to a website of the vendor, who sell products or services directly to the customer from the portal using a digital shopping cart or digital shopping basket system and allows payment through credit card, debit card or EFT payments. E-commerce involves carrying on a business with the help of the internet and by using the information technology like Electronic Data Interchange. In general words, Electronic commerce is the activity of buying and selling of the goods and services across the world through the World Wide Web. The Customers having interest in the products and services of particular website and vendor can get information about products and can purchase anything ranging from household product like sofa set to computer and so on, comfortably by sitting one's in room and just by one click of the mouse. Although business-to-business transactions play an important part in e-commerce market, a share of e-commerce revenues in developed countries is...
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...|Human Resources in Virtual World |6 | |Challenges in performing specific Human Resource function |7 | |Guidelines for Hr professionals |9 | |Do it E-commerce way |10 | |Conclusion |11 | |Reference |12 | PAPER TITLE: “HUMAN RESOURCE CHALLENGES IN E-COMMERCE” ABSTRACT: E-commerce and Internet technology is changing the face of HR and the way companies do business. New technologies are being developed every day, with each new innovation promising increased employee efficiency and greater and greater interactivity. The impact of these new technologies on the human resources professional is both profound as well as challenging. The challenge is to define what the new HR role is and determine how it can best be aligned with evolving business strategies. But the challenge is also whether HR professionals are willing to embrace technology as a competitive weapon and integrate its potential power into...
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...Essay title: opportunities and challenges that the Internet had brought In 2006, the total e-commerce spending by customers and businesses would reach and even surpass five trillion Dollars[1] according to e-marketer (2004). This astonishing number confirms that e-commerce and e-business must be taken into consideration now by firms in order to be competitive. Even if e-commerce and e-business seem to be rather new phenomena for customers, that is to say clients have not been used to buy online for a long time; the Internet has already a long history. In the late sixties[2] (1969), the American department of defence created ARPANET (Advanced Research Projects Agency Network) group in order to install secure networks among computers. In 1973, Great Britain is connected to ARPANET. Then in 1984, JANET: joint academic network, is installed in United Kingdom. But the big step is the introduction in 1990 of the World Wide Web, which is considered to be one of the most significant contributions to business activity. By the end of 1992, the Internet and the World Wide Web have already more than one million users over the world. In 1995, many elaborated browsers are being developed and created. Today, one can say we belong to the Internet generation, for in 2000; more than twenty million websites were registered in over one hundred fifty countries. Thus, this quick historic shows that the Internet is not new and has known a long evolution within fifty years. From an internal...
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...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...
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