Essay E-Business

Describe the insight generation process used at Ben & Jerry’s. What benefits did Ben & Jerry’s achieve from utilizing the process?

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

Evaluate how successful a selected business organisation has been in preparing for the growing use of e-business.

A computers have become more mainstream, more and more operations are conducted online. From online bill pay to simple searches, as one would do with the yellow pages, to online shopping, the Internet has helped shape the way computers are used today. With the Dotcom boom of the mid-nineties and early 2000s, ecommerce and e-business really started to take off. The Internet has given way to some of the biggest economic booms in history. The invention of smartphones and tablets has allowed for consumers to have instant access to the Internet, right at one's fingertips. While e-business is becoming more mainstream, and has its advantages, e-business also has its disadvantages.

COMBE, C. ( 2006). Introduction to e-business : management and strategy. Amsterdam ; Boston: Butterworth-Heinemann.

Many organizations industriously look for the opportunity to gain the competitive advantages in their industries. One of the opportunities that frequently used by the organization is the implementation of e-commerce. Thus, the e-commerce and the online sale transaction become popular in each industry. E-commerce provides many benefits, such as the saving of shopping time, the cost savings, convenience, and free from geographical constraints.

E-business can transform the way a company does their business. There are plenty of benefits of this form of business for both the company and the customers. It gives customers an unlimited access to your products at every time of the day while most traditional brick shops would only be opened for a limited time. Secondly it makes expansion into foreign markets much easier as you can always sell your products abroad as customers can see all the products with a mouse click

With the development of society, e-commerce, a new type of business in Marketing emerges. It stands for Electronic Commerce. Rayudu (2009), the author of E-Commerce: E-Business, states that “E-commerce is a selling and transfer process requiring several institutes. It is a systematic and organized network for the exchange of goods between producers and consumers. The Net embraces all those related activities which are indispensable for maintaining a continuous, free and uninterrupted distribution and transfer of goods.” However, both the advantages and disadvantages exist in this new business type. (p. 1)

Although e-commerce is one of the most prevalent to dealing business of this generation, there are a lot of advantages to business, customer and society. however, there are still some areas of concern services will need to be processed.

E-Business and the internet allow for businesses to reach large sections of the population. It has changed the way we conduct business. It has impacted the way consumers make their decisions. The internet has enabled long distance purchasing as there are no geographical barriers. This is very evident from Zappos.com one of the first companies to take advantage of this.

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.

One of the cons of e commerce in business is that the company cannot have face to face interaction with the customer because they have to deal them online and the payment is also done online. There is also a lot of competition and if the company decreases the price then they have to face the margin down. Another con is that in 24/7 online trading the site needs to be updated frequently and they have to make check frequently for any responds and this makes the work a little

Globalization has paved the way for e-business models that currently sweeps the internet with its’ revenue share to improvise the economy (Hong-Oanh Nguyen,2013). Cost (production to delivery) (Evangelista and Sweeney,2006; Gunasekaran and Ngai,2008; Australian Bureau of Statistics,2008; Samar and Robert,2004), customers interest (Australian Bureau of Statistics,2008; Evangelista and Sweeney,2006; Samar and Robert,2004), size of the company (Davies et al.,2007; Nurmilaakso,2008), skills of the employee , compatibility of system/service, support and security by management (Gunasekaran and Ngai, 2008; Gudmundsson and Walczuck,1999), investment and return rate of product(Samar andRobert,2004) are the factors influencing on adoption of e-business (Hong-Oanh Nguyen,2013). Lastly, Hong-Oanh Nguyen,2013 states “e-business is essentially an investment decision” as to start a business the focus will be on making a profit even with small amount of investment.

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.

The Internet has created a platform for online selling and buying of goods and services. Business firm is also called e-enterprise or digital firm, as most of the business organization are using internet and wireless network for improving their performance in terms of cost, efficiency and profitability with the use of e-business and e-commerce solutions to reach worldwide audience to sell their products and services. The business process across the organization and outside run on an e-technology platform using digital technology. In a e-enterprise business conducted electronically. These enabling capabilities of technology constitute to e-business, e-commerce, e-communication and e-collaboration that work in an e-enterprise.3