E-Commerce for My 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

As a result, the company could not cope with the growing and changing need of the customer and started losing them gradually. According to Michael Hammer, customers want more products from less money, more quality and service and more flexibility and convenience and more innovation. While the organization had been expanding in size and competence level, productivity was affected and quality decreased. It was very difficult to fulfill the needs and wants of powerful customers who have the ability to search for best service, quality, technology, innovation, etc.

The idea behind this study is of great significance because e-commerce (online shopping) has grown tremendously since the turn of the century. It has shaped the way people do shopping for the most part.

1. INTRODACTION: In the modern world, shopping through the Internet becomes extremely popular between the consumers. The reasons behind becoming so popular are instead of travelling around the world to get a specific goods, now you can get it through online shopping and save time, get different variety of goods, easy to access and to pay through credit cards. The online shopping recently became one of the regular behaviors of the Internet users, especially in Saudi Arabia. The amazing growth of the Internet users, lead to an incredibly increase of the online shops. In the united state, 79%of the Internet consumers shops online. Also, The highest percentage of consumers using the online shops is in Korea. Almost 99% of Korean Internet population

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.

How much did U.S. consumers spend on-line in 2014? According to the website Internet Retailers, consumers spent almost $300 billion in 2014. That was an increase in 15.4% over 2013 sales. 2013 sales totaled close to $265 billion (internetretailer.com). Today technology is business. E-commerce is big business. In the discussion I will state how e-commerce impacts consumers in many areas. First, I will define e-commerce. Then, I will discuss the advantages and disadvantage of e-commerce. Next, I will discuss hosting an e-commerce site for a small on-line business. This paper will focus on capabilities and costs for creating an e-commerce site. In addition to the capabilities and the costs the hosting sites, I will examine their tools and offerings. Lastly, this paper will indicate which choice was made and an explanation of that choice.

Our presentation ended up being a hybrid of a time-based and topical structure. Our “tell” presentation was informative, yet we had an order of steps that we created that correlated with the way an e-commerce business should be set up. When crafting the content, we determined what Eduardo and I already knew. We both had experience with selling merchandise online and both make a decent secondary income stream by doing it. With our own knowledge and experience, along with the new knowledge the survey provided for us, we crafted a great message and completed a very informative and useful “tell” presentation.

I …………….. …………… have done a research concerning the company’s e-shopping performance in comparison with other companies in China. I have recommended on the necessary steps that can possibly apply in order to eliminate the kind of drawbacks o limitations that majority of clients have been facing. I, therefore, allow the company to utilize this information to the best of their capabilities in order to meet their expected goals.

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.

3) Tata Motors had to revise many of its manufacturing processes to support digital manufacturing.

E-commerce has origins that trace back to the mid 1900s. In these times very few organizations had access to the very expensive electronic data interchange (History of E-Commerce, n.d.). E-commerce is now being used in all types of business, including manufacturing companies, retail stores, and service firms. E-commerce has made business processes more reliable and efficient. Consequently, e-commerce is now essential for businesses to be able to compete in the global marketplace. “E-commerce is now being used in all types of business, including manufacturing companies, retail stores, and service firms. E-commerce has made business processes more reliable and efficient” (Smith, K.T., 2011, p.3). Consequently, e-commerce is now critical in order for businesses to compete in the global marketplace. Knowledge that was distributed over this network paved the

A group project submitted to Ms. Izzal Asnira bte Zolkepli Lecturer of E-Marketing CBEB 2316 Faculty of Business and Accountancy, University of Malaya

According to Lončarić & Radetić (2015, p.17) there are different factors which known as previous requirements or preconditions for implementing e-Marketing in any organization regardless its size or business field. These factors like: the existence clear and obvious strategy at an organization level, the presence of the marketing function within the organization, the domination of the marketing function in the development, implementation and monitoring of e-Marketing results, and the presence of a database and building customer relationships. on the other hand the implementation of e-Marketing can be identified with numerous factors: owner skills, the organization available resources, the organizational culture of the organizations, adoption cost, size of the organization, ease of use, compatibility, competitive pressures, government influence, market trends, national infrastructure, and cultural orientation towards e-Marketing by the organization’s customers (Lončarić & Radetić, 2015, p.17).

As this journal intended to identify the outcome of executed e-commerce capabilities and organizational culture that has influence on the performance of hotel industry in Malaysia, it has recognize several reason why many firms still does not have the idea about what kind of advantages that e-commerce has brought. Although there are many articles that discuss about the applications and benefits of e-commerce, but the academic studies that explain about its effectiveness is really limited. The first reason of why the application of e-commerce is still not yet identified is that the traditional business which applies brick-and-mortar company, have not enough knowledge about the success story by the click-and-mortar company that investing in e-commerce. Secondly is Small and Medium Industries (SMIs) in Malaysia does not have knowledge in e-commerce, lowest internet access among the buyers and also lack of knowledge about the potential of e-commerce.

These are the standard requirements for any business to run better. But in case of e-commerce industry the issue become how to use technology to improve the service in order to retain the customer create awareness in rural market as well and in turn increase the revenue. When it comes to online purchase it’s still about earning the trust of right kind of customers. Firms must be able to deliver the superior experience that will attract the customer. Though there are various techniques to analyze the patter of customer behavior but still the exact ways to analyze the key factors for attaining the customer purchasing behavior over online platform especially on life style products is still an exploration that is being done by almost every e-shopping website. Though the study was restricted to a very limited demography still the results from the respondents proves to be a big alarming issue for all the e-shopping websites. The study