Thus businesses need to critically examine the concept of e-commerce and develop better strategies to curb some of its drawbacks. P2.1- Analyse the impact, including the risks, of introducing an e-Commerce system to an organisation ANS E-COMMERCE : e-commerce is a way for any size of organisation to do business over internet, selling products or services , taking payment and providing customer support which have positive impacts on organisation and as well as have some risk to organisation and customer of organisation … Coulter, J. 1. Sharma, S. & Gupta, J. [E-commerce enables organizational change and helps organizations to conduct business with improved efficiencies and productivity. On the other hand, there is need for the business especially if it operates in the United States to carefully evaluate the associated legislations such as the copyright legislation, computer misuse act 1990, trading standards, delta protection act of 1998, freedom of information act of 2002 as well as e-commerce regulation. In a well thought out PowerPoint presentation, discuss the impact of e-commerce and digital technology for small business. It is worth noting that doing business around the clock will attract more potential customers especially those who do not have time to physically come to the offices to place an order. The whole idea centers on buying or transaction via the internet. E-commerce means electronic commerce. The sophisticated of technology in day by day is rapidly arising without us realize. It is apparent that since the inception of computers and internet, everything particularly on how business is carried out has tremendously changed. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. Small and medium-sized enterprises, Electronic commerce (e-commerce) over the Internet is the fastest growing method for consumers to conduct business. Through this gadget most of people make this medium as a platform to do e-commerce business. IvyPanda, 14 Jan. 2020, ivypanda.com/essays/the-impact-of-e-commerce-on-business/. How can the latest technologies be integrated into small business? "The Impact of E-Commerce on Business." The new transaction mode of purchasing and supplying goods has become explosive in terms of efficiency, competitiveness, Over the years, E-commerce (Electronic Commerce) has brought lot of changes in the business world. Similarly the paper will give recommendations to businesses that desire to adopt e-commerce. Role of eCommerce in Business. (2020) 'The Impact of E-Commerce on Business'. This does not mean that other businesses in other geographic locations are exempted. The reason for this is that customers will be provided with all necessary information regarding products and services available, information on progress on orders placed as well as deliveries. Pearson: Prentice-Hall. Similarly, issue of confidentiality in using e-commerce will be highly compromised. The Legal and E-Commerce Environment Today. From the customer satisfaction and availability of services, online shopping is creating a major impact upon the retail stores. & Vogel, T. (2004). Thus it has a large economic impact. The Impact Of E-Business On Organization Essay Impact of E-Business on Organization Electronic business is utilization of information and communication technologies so as to support the business activities. It is however important to note that the full impact of e-commerce on an economy depends on several factors such as the rate at which the economy adopts e-commerce. The continuous expansion of electronic commerce can lead to downward pressure on inflation through increased competition. Need a custom Research Paper sample written from scratch by This will help the firm to keep track of the required goods and the services, quantity, quality and the time of delivery. This will help even small firms to gain competitive advantage and increase their market shares. Such a relationship will definitely result in a better relationship between the two that might lead to more market segmentation as well as customers’ satisfaction hence a potential to develop into a global market. London: Addison Wesley Longman, Inc. Karyn, W. & Filson, D. 2001. This has brought obstacles and resolutions within a business. Impact Of E-Commerce Technologies On Business Practices, The Impact of E-Commerce Strategies on Firm Value: Lessons from Amazon.com, OECD Electronic Commerce Business Impact Project, Strategic Issues and Problems Affecting Starbucks Company, The Impact of E-Commerce Technologies on Business Practices, Electronic Payment Systems for E-commerce, Economics, Information Systems, and Electronic Commerce Strategy. However, one sure way some of the retail shops have been able to break off is through migration to e-commerce and turning their stores into e-business hubs. Additionally, there is an economic as well as social impact as a result of the rate at which changes occur. E-commerce has been simply defined as a use of electronic range of networks to simplify, resolve, improve and pace up the various stages and processes of business like buying and selling and delivery of goods and services. Today e-commerce has become a prominent trading approach for organisations and businesses alike and has made a considerable impact on society, and the way in which business is carried out on a global scale. This will be very important since it will help them make informed decision as well as prepare them in developing better strategies that can help them overcome the negative impacts of such technology. Using internet to carryout business has been deemed to be the most current innovation in the world of business and offers an opportunity to businesses to carryout business through electronics. E-Commerce – History of E-Commerce Early Development: The history of E-commerce begins with the invention of the telephone at the end of last century. The paper has an introduction where the topic to be covered is succinctly brought to readers attention. The quality of my essay was worth the money I had paid. At that time, they specialized in loose frozen foods and made huge profits making it thus opening several stores across England. As the first step of completion, a preliminary investigation has done about the selected
The electronic and social impact of e-commerce. E-commerce business models are different from traditional business models because e-commerce offers firms different market opportunities and changes organisations’ revenue models, competitive environments and advantages, which are core elements of a business model. Of these 200 million users, roughly 40 percent reside in the United States (Styliano, A., Robbins, S. & Jackson, P., 2003). This is costly and laying them off can imply legal battle on the basis of the contract signed between employees and their employer (Kalakota & Whinston, 1997). Similarly, working from home help reduces traffic congestions as well as cutting down air pollution (Bonnett, 2000). A clear understanding of this legal provision is key in ensuring that any emerging legal issues for instance differing prices advertisement can be handle with clear precedent. There are nearly 200 million Internet users worldwide currently. Task 1: 1.1.1 professional specifically for you? Over the years, E-commerce (Electronic Commerce) has brought lot of changes in the business world. January 14, 2020. https://ivypanda.com/essays/the-impact-of-e-commerce-on-business/. Electronic Commerce provides the capability of buying and selling products and information on the internet and other on-line service. What this will imply is that there will be instances where sharing of information is hindered which will call for installation of entirely new system which will have huge financial implication to the business (Eisingerich & Kretschmer, 2008). One notable issue is what a firm will do with those employees for instance who work on business paperwork’s now that most of the things have been automated. The role of E-commerce in business is that it helps in the exchange of goods and services through electronic support. IvyPanda. The main features of e-commerce is that one does not physically feel an item nor sees it and places order on the basis of information supplied through website or in response to consumers inquiry, as yet e-commerce has last preference for daily consumption items. Firms have rushed to adopt e-commerce which entails making transaction online with the belief that it will help them gain competitive advantages and increase their market shares as well as revenue. This they do by sending customers mails which are fictions for instance one might be told that he or she has won a price and needs to send some cash to a certain bank account. E-Commerce is the paperless exchange of business information and refers to Internet shopping, online stock and bond transactions, the downloading and selling of “soft merchandise” and business-to-business transactions. The paper begins with the positive contribution of the technology. An IBM Guide to Doing Business on the Internet. Additionally, another issue linked to this is addressing the issue of resistance as well as employees who are difficult to be retrained so that they fit into the system. A physical touch and smell of a product influence a person’s decision to buy it. In this chapter, I am going to review 3 organizations that have been successful in e-commerce no matter their areas of specialization:- Additionally, the business can benefit by using the whole idea as an alternative source of income. Iceland Food Ltd (2000).The Economic and Social Impact of Electronic Commerce: Preliminary Findings and Research Agenda. & Colecchia, A. "The Impact of E-Commerce on Business." Convenient services appeared, IMPACT OF E-COMMERCE ON BUSINESS They use techniques such as better services, lower prices, and customer feedback to lure more customers into their businesses. Although adopting e-commerce sounds heavenly send solution to doing business in the 21st century, Lefebvre et al 2001 note that there are very serious issue regarding customer trust and lack of human contact while carrying out transaction might be a blow to the desires of any firm which seek to have a direct contact with its customers. London: Thomson Learning. With e-commerce, a business will be able to get various group segments directly especially via internet. The method used to arrive at the conclusion in this paper is through an analysis of secondary data from existing books, journals and internet sources. One notable technology that has propelled a number of organizations to greater height is internet-e-commerce (Coulter & Vogel, 2004). With this come the concepts of convenience and reliability. E-commerce has been developed by the high The main way in which e commerce will affect the economy, in general, is its impact on productivity and inflation. Mass customization and network production can be made possible by adopting e-commerce. The work I provide is guaranteed to be plagiarism free, original, and written from scratch. There is also need to adhere to international laws and regulations concerning usage of e-commerce (Miller, 2002). Firms have rushed to adopt e-commerce the belief that it will help them gain competitive advantages and increase their market shares as well as revenue. Dinapala Group of company. Information exchange was constraint in transnational business but e-commerce provides... iv. When the later happen, it is risky for the business since it can loss all its viable data in case it has not backed it up. As noted previously, there is need to have this information in the public domain so that organizations are not misled that adopting e-commerce is a bed of roses. Of these 200 million users, roughly 40 percent reside in the United States (Styliano, A., Robbins, S. & Jackson, P., 2003). For the simple reason of adopting the innovation, paper work will be tremendously reduced. Seethamraju, R. (2006). It contains thousands of paper examples on a wide variety of topics, all donated by helpful students. I got a 2:1 grade. Does it pay to be a first mover in e-commerce: The case of Amazon.com. "The Impact of E-Commerce on Business." under the outcome criteria of understanding, THE SWOT ANALYSIS OF E-COMMERCE Introduction An e-business … E-Business and E-Commerce Infrastructure. On the other hand, there are drawbacks that the society has experience as a result of adopting e-commerce. As a result of trying to meet these demands and needs, there will be room for the firm to develop new products to cope up with ever tightening competition in the business environment. E-commerce is considered to be one of the ways of increasing profits in firms. Airlines are turning to e-commerce to keep business flying, and the reason they are focusing on selling tickets through their Web sites is that it is the cheapest distribution channel. Institution Prentice Hall. (2020, January 14). Harvard Business Review 86, 20–21. New York: McGraw-Hill. And Impacts of E-Commerce E-COMMERCE BUSINESS:- E-Commerce refers to a wide range of online business activities for products and services. It is worth noting from the onset that just like any other business and for that matter a normal concept, there are both benefits and draw backs associated with introduction of e-commerce to any business organization. Your privacy is extremely important to us. E-commerce`s prime driver is Internet which presents an hierarchical framework. 3.1 Critically assess the risks of linking business systems to the, and business. E-commerce has a significant impact on business costs and productivity. Examining the e-commerce important question is what impact ICT and the Internet have had on the productivity growth. Introduction The advantage that will be realized as a result of this is reduced cost, increased strategic target marketing as well as facilitated sell add-on goods and services when need arise. The Impact of E-Commerce Strategies on Firm Value: Lessons from Amazon.com. The development of e-commerce was fast over the countries since 2000. Additionally the desire for organizational effectiveness as well as using it to attain competitive advantage has made the adoption of these technologies to be deemed paramount in ensuring that organizations do cut themselves an edge in this competitive business world (Sharma & Gupta, 2003). Indeed there are numerous advantages associated with this concept such as capturing new markets by allowing firms to go global, 24/7 operation, cutting costs among others. Many people nowadays are excited to explore the application was provided into gadget such as mobile smartphone, tablet, Ipad, etc. The last section of the paper is the conclusion which entails a brief summary of the work done. Technical hiccups can also hit the innovation and this might include failure of the web site, problems with the surrounding environment, failure in power systems, failures in hardware and software as well as virus attacks (Bonnett, 2000). E-commerce has also, Business Skills for E-Commerce
Kalakota, R. & Whinston, A. Transformation in the Marketplace: ii. Failure to give this concept a serious thought might be a recipe for an organization to fail. & Jean-Pierre, K. (2002). Malcolm would later join the company in, The Importance Of A Independent Audit Is Stronger Than It Ever Has Been Essay, Results And Selection Of Study Selection Process Essay, Indian Investment And Trade : India Essay, Estimating Exchange Rate Volatility With Garch Models Essay, The And Finance Executives When It Is A Financing Option Of Last Resort Essay. The Impact of E-Commerce on Business Essay 614 Words | 3 Pages. What’s your deadline? The implications of this is that more revenue will be generated and at the same time widening customer base. This paper has identified the pros and cons of adopting e-commerce. Meanwhile, it has also created many challenges and adverse effects, such as concerns over privacy, consumer protection, and security of credit card purchases, displacement of workers (especially low-status ones), and is charged with having a negative impact on quality of work life.] Electronic Commerce: A Manager’s Guide. Be able to manage an e-Commerce strategy Here we discuss the social and economic impact of e-Commerce on society, and the main advantages and disadvantages. After capturing a global market, a firm can parcel out some production processes to other firms that offer goods and services similar to it. The next section is the main body tackling the impact of e-commerce to businesses. Since the introduction of the Internet in the 1950’s, development of technology began for use by the military until it was soon introduced to the public for commercial and private use. Using internet to carryout business has been deemed to be the most current innovation in the world of business and offers an opportunity to businesses to carryout business through electronics. Less than ten years old and it already has radically altered the potential to economic activities and the social environment. In recent past, there are cases reported where hackers get into businesses data bases and obtain full details of customers (Chaudhury & Jean-Pierre, 2002). Therefore, the impact to the whole organization, consumers, current market and legal issu… The problem with this is that the firm might incur extra cost and still the group refuses to change. E-commerce offers a different mode of performing trade throughout the world without the need for tangible contact between the buyer and seller. E-commerce is credited with empowering employees and knowledge workers, by giving them easy access to virtually unlimited information. The ultimate outcome of this is highly satisfied who will be loyal to the firm which translates to doing business with them for a longer period. Wyckoff, A. E-commerce is one of the fastest growing industries worldwide and is one of the most rapidly evolving areas of national and international trade.