E Commerce : Business On The Internet

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

Brick-and-mortar stores are losing their touch in the retail world. Not only has there been a huge surge in online-only stores in the last decade, but traditional retailers have had to up their online game.

Online stores are growing in popularity and drawing attention. Because of this, other retail stores are losing that attention and business. Some major stores include Sears, Radio Shack, JCPenney, Macy’s, Payless ShoeSource, Dillards and more. These are called brick-and-mortar stores. According to www.merriam-webster.com the definition of a brick-and-mortar store is, “a traditional business serving customers in a building as contrasted to an online business” (Brick-and-mortar, n.d.). “It’s possible more than 8,600 brick-and-mortar stores will close their doors in 2017 (…) JCPenney announced plans to shutter 138 stores by July, Payless ShoeSource is closing hundreds of stores, and Macy's said it's shutting down 68 locations” (Wattles, 2017). What a shame to lose these resources and businesses, especially for those who support and appreciate the local retail option.

1. Explain how Apple achieved business success through the use of information, information technology, and people.

Technological advancements have taken the world by storm. The daily chronicles have a different story to tell with every dawn of a new day about a technological invention and/or innovation. Doing business has become competitive more than ever. This phenomenon has created a business environment that follows the cliché, the survival of the fittest. It is in this spirit that businesses have adopted technology to survive and remain relevant in the dynamic consumer environment. This is especially so because the world has become a global village where information, ideas and products flow between different continents have become seamless. The internet has made it easier and cheap for manufacturers, wholesalers, and retailers to

John’s new online business, Recycledgolfballs.com, will need to include online payment options. Building an online business requires multiple payment options to help your local customer, to the international buyer paying with multiple different currencies. Recycledgolfballs.com now takes credit cards, PayPal, e-checks, and is now offering gift cards. Along with accepting new payment options comes with securing and making your customer feel safe also. With the addition of new payment options John will also feature one of the most essential e-commerce tools, the shopping cart.

BuildDirect, an e-commerce organization in the home improvement division, began with only two employees. However, they experienced rapid growth in less than a decade. Sustaining the original culture, vision, and mission can become a challenging endeavor for organizations like BuildDirect to overcome through periods of expansion. In order for BuildDirect to maintain their original vision, they must a) hire individuals who fit the skills and culture, b) have leadership role model the culture and behaviors they wish to see in the organization, and c) remain flexible and keep an open mind on the natural progression of the organization’s culture.

TeesforPeeps is a up and coming e-commerce business which allows people to design t-shirts per what they want. The main office will be located in Melbourne, Australia. With the latest in cutting edge technology and using the process of computer dye sublimation, you will have the opportunity to design your t-shirts to your liking. Here at TeesforPeeps, we believe that designing your t-shirts is a type of art and expression, whether it may be for sports, conventions, family or even to convey a message. Whatever you want on the t-shirt, we can get it printed for you.

Shopping has become easier to do now that almost everything is electronic. When it’s time to go back to school shopping, all you have to do is hop on the computer and find what you need, and have it delivered to your home. This makes it easier for parents with small children or even parents who live in Weatherford away from major shopping centers. Brick and mortar shopping took place in a storefront only; so, if you were looking for something specific and they didn’t have it, you would have to order it online and ship it to the store anyway. Now that stores have decided to utilize the internet people can do the ordering from the comfort of their own homes. My hypothesis is that online shopping will make brick and mortar shopping obsolete. While there are benefits to shopping online, there are also many downsides which will be discussed later on.

Many stores are already feeling the effects of online shopping. Big department stores like Sears, Kmart, Macy's, and J.C. Penney have filed bankruptcy. According to The Independent, about 300 retail businesses went bust just between January and June of this year. Online shopping isn't the only reason that they're closing down, but it does play a significant role in their closing. The reason why these stores are closing down is that they just cannot compete with online shopping because they don't have reasonable revenue for brick and mortar stores to compete with these monstrous

In 2013, online retail spending are estimated to reach $1.3bn, up 19.2% in 2012. In this global market, Asia accounts for 33% of the market, followed successively by North America with 31.5% and Western Europe with 25.7%. On average, online retail spending grew by 21% a year between 2011 and 2013, with the main growth being located in the Middle East with 37% average growth and the Asia-Pacific region with 32%.

But a major impact of this growth is the decline in recent years of big box retailers and subsequently the fall of "The Mall". As more consumers choose to do their shopping online many retailers and shopping centers are being left behind. As the number of failing malls begin to rise and consumers choose in larger numbers to forgo the lines and do their shopping online, it is a trend that we predict will grow in importance and impact in the coming years.

Organizations today face a lot of competition in the market and they try every day to find new ways to stay ahead in the race. To achieve what these organizations desire, they require data and some efficient analytical applications to analyse this data. Analysing the data and making certain decisions towards the growth of the organization, to remain ahead of the growing competition, forms the crux of competing on analytics.

Due to rapid progress in the internet and cloud computing technologies, electronic commerce is becoming more and more popular. Many people and businesses deal with their payment transactions via the Internet. In a conventional payment system, buyers and sellers transfer cash or payment information through credit cards and checks, however in early electronic payment systems, online payment services must add capabilities to process orders, accounts and receipts. As e-commerce has gradually grown, digital currency payment have become popularized. The technologies of credit cards, electronic tickets, electronic cash (e-cash), and other advanced payment services have realized the vision of electronic commerce. Credit cards, debit cards and

Small farms have an important part in the rapid expansion of the U.S. agricultural sector (USDA-NASS, 2015). Ninety-two percent of all farms in the United States are classified as small with small farms being defined as those with annual gross revenues of $250,000 or less (USDA-NASS, 2015). A way to increase the competitiveness of small farmers is to enhance their management practices and to expand their capacities through the use of tools such as electronic commerce (e-commerce) (Briggeman & Whitacre, 2010; Roe et al., 2014). E-commerce, an aspect of information communications technology (ICT), is defined as the buying, selling, and marketing of goods and services online (Hua et al., 2015).