The internet has transformed many organisations be it big or small, creating many positive and negative impacts for the business. This essay will list and discuss the advantages and disadvantages for an organisation using e-business to carry out their own business activities. Throughout this I am going to evaluate both of these aspects.
E-business also known as electronic business is the conduct of business processes on the Internet. These electronic business processes include buying and selling products, supplies and services; servicing customers; processing payments; managing production control; collaborating with business partners; sharing information; running automated employee services; recruiting; and more. (Rouse, 2012) I have chosen The Body Shop as my organisation to discuss. The Body Shop has expanded their business to online as well as having hundreds of stores on market streets all over the world. By using e-business it has introduced them to a wider audience of people and is keeping them up to date with their competitors.
There are many pros and cons to using e-business, The Body Shop has given their customers a chance to buy their products online. This means that customers can purchase items from the comfort of their own homes. This can benefit the people who are housebound or disabled because they can turn to online shopping. This will boost profits for The Body Shop keeping them in competition with the competing businesses, also gaining a better
Electronic business, or e-business or "electronic commerce"(55) has increased exponentially because so many businesses are on digital networks. Major business transactions are completed on the enterprise. Digital networking is transforming businesses relationships with the companies customer, their employees and relationships with suppliers and partners in business. E business technology is also improving the way business is done in the government. The government uses the Internet to enable and increase business
I am choosing to do my Business Analysis paper on e-commerce. I will explain the importance of it as well as the effects on the global economy. I will discuss the advantages of telecommunications and information technologies in a business versus those businesses without e-commerce. I will also discuss the marketing strategies involved with e-commerce and how it helps businesses. Due to the global nature of internet business, electronic commerce (e-commerce) standards have become a priority on the national and international level. While most traditional businesses are subject to local, state, and national
E-business has been a growing segment of the retail and wholesale markets since the proliferation of the internet in households began in the early 1990’s. E-business has become an important business model for both new businesses as well as traditional brick and mortar stores to understand in order to reach a growing segment of the population that comparison shops online. Evogear is an excellent illustration of the e-business model and will generate sales for the company for years to
COMBE, C. ( 2006). Introduction to e-business : management and strategy. Amsterdam ; Boston: Butterworth-Heinemann.
Daily Mail. (2012). 1 in 7 of us have a smartphone as number of owners passes ONE BILLION Read more: http://www.dailymail.co.uk/sciencetech/article-2220488/1-7-smartphone-number-owners-passes-ONE-BILLION.htm
E-business uses the digital technology to optimize the business activities of organization in order to increase the efficiency and effectiveness of operation and gain competitive advantages. E-business provides the solution that allows the organization to instantly share database, information of products and services, financial figures and data and nearly anything else that the organization may need to operate the business activities effectively and efficiently (Nguyen, 2013). E-commerce which is the abbreviation of electronic commerce is the subset of e-business. It focuses on the online transaction which includes selling of products or service by using computer network, primarily the Internet.
Nonetheless, as compared to spending on petrol and transportation, e-commerce is actually more cost saving. The transportation fee saved up by shopping online can be used to buy extra items while being charged the same shipping fees. Some e-commercial businesses even provide free delivery and some would waive off shipping fees when customers spend more than a certain amount. Besides avoiding spending on petrol and transportation, e-shoppers can also avoid the hassle of finding parking. They can ‘shop’ leisurely at home in their own time without the constant hammering of salespersons to look for the cheapest deal in
After I have gone through this article paper, my opinion would be, e-commerce is becoming a major factor in the development of business whether it is a global or a local business. This is happening because the selection of data innovation is on the expanding pattern and hence prompts various changes in business exercises. In any making decision situation, it has never been easy and that is the situation that the SMEs nowadays are facing in their business. Before I go further with the advantages of having e-commerce in SMEs, I will first start with the disadvantages. First and foremost is the organizational readiness. According to Chong (2009), the hierarchical preparation measures whether the associations’ traits are sufficiently adequate in receiving the e-commerce. They proposed that top administration backing is the most critical component to figure out if the organization is prepared to receive the e-commerce. Based on above citation, I can say that it is all depending on the level of understanding of someone in the SMEs in the usage of Internet at the workplace. In other words, this kind of people can be called as
Your matter would have a amassing suspend 24 hours a hours of hours of day, 7 days a week, 365 days a year. Each page regarding your web buildup, a sales person who doesnt dependence breaks or holidays!!
E-Business is quickly becoming an important initiative for companies to take into consideration. E-Business impacts every aspect of how a business is run. Implementing e-business applications will require a new process design, organisation restructuring, new job descriptions within the business and new policies. An organisation’s ability to adapt to new technologies being introduced and new business models is an important factor to increasing productivity within the organisation.
E-commerce has a no. of benefits to companies & customers in terms of cost reductions & time saving, which are equivalent to profit generation.
New approaches to business sought through use of the Internet and its continuous updated technologies are dynamically being deployed by organisations to appropriate innovative value creation online (Chaffey, 2009). Information technology has been noted for its value creation, defined as “drivers of product differentiation” (Amit and Zott, 2001) in business, as it supports alternative marketing strategies. More specifically, the current state of the Internet as a communication platform, with its powerful and far reaching influence and lack of constraints to time nor place (Deighton, 1997), has had a profound affect on both culture and business practice throughout recent years
Running an E-business comes with many advantages such as: quicker and easier communications with customers, wider range of marketing strategies, increased hours of operation ( a website can run 24 hours a day 7 days a week for every day of the year), reduced start-up and operational fees. These are just a few of the advantages of running an E-business. There are also many risks that you need to be aware of when running an E-business for example technical failures: when technology breaks down and needs repairs. Less security: when a stranger to the company gains access to the website. Less privacy: allowing anyone on the internet access to certain information over the internet. Inability to look at your customers or clients during sales and hackers breaking and gathering secure and important information.
Objective of the dissertation is to understand the strategies followed in implementing e-business and e-commerce in an organization.
o Expands the size of the market from regional to national or national to international