How the World-Wide-Web Impacts the way of Doing Business
Since its comet-like boom in the nineties the internet has attracted myriads of companies to do business on this boundaryless media. And the boom does not seem to stop. eCommerceis a catchword, which stands for a whole branch of new types of businesses that mushroomed up in the last couple of years. Retailers, all sorts of companies, even law offices are using the web for their daily business. There seems to be no comparable other way to develop and exploit global markets. The internet is more and more used as a fast, innovative and cost-saving tool to gain and serve customers where they feel most comfortable and relaxed, namely right in their office or at home (Jonscher, 1999,
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A company that based its entire business on the world-wide-web is the web-retailer Amazon (www.Amazon.com). In an unprecedented way Amazon raised its world-wide empire selling books, music articles (CDs, tapes), movies, electronics, toys even kitchen articles to very competitive prizes. Amazon designed their website very creative and im plemented customer-friendly features, such as the possibility to listen to some selected songs of a CD via MP3-player. Hence, an online-customer has almost the same possibilities as a customer in a real music shop. Interested in CDs he can select from an enormous selection and he can even listen to the albums before purchasing them.
The latest trend in e-commerce and e-business in a slowing economy is to focus and use all sources of advertising and commerce. It is not sufficient to have a fancy web-page any more, some customers also expect the company to have catalogues and shops. According to npr.com, the most successful way for any types of retailers is to provide all possible opportunities and to cover broad and multiple channels(multimedia).
Also smaller businesses such as Bed and Breakfast, Small Inns are starting to use the internet to grow their business (Lituchy & Rail, 2000). Very often the world-wide-web is the only possibility for these businesses to reach out for the global market. However, especially young people are using the internet more and more frequently to plan their holidays. Small
The Internet over the past few years has seen a huge increase in online businesses and consumers. Electronic-commerce is expected to generate $36 billion in revenue during 1999, up 140% from last year alone.[1] With such a huge amount of money to be made on the Internet it is becoming very appealing for small businesses and start-up companies to try and make their niche in e-commerce. The Internet is drastically affecting the way companies and people conduct business now. E-commerce encourages growth in existing as well as new businesses because of lower overhead costs, the huge consumer base and the freedom of information flow. However the online revolution has created a large
As a tool available to a fairly wide public, the internet is only twenty years old, but it is already the key catalyst of the most extensive and fastest technological revolution in history. The internet, the single most powerful agent of change in recent history, In the words of Arthur.C Clarke, “any sufficiently advanced technology is indistinguishable from magic.(Clarke, 1961)The rapid pare and reach of the change wrought by the internet indeed has a touch of magic about them. There are two main ways to go shopping in our daily lives. One is shopping online; another is shopping at the real shop. As a matter fact, shopping online is a new way for people to go shopping. Online shopping is better than shopping at the shop in some ways, in
Many businesses have shown that after implementing an e-commerce system into their companies, sales have increased immensely. Sneaker Joe’s is a small family run business that is looking to expand their business after the sneakers they sell have shown to be very popular locally, after a picture of them was spotted on a social networking site. I have been looking at some of the most popular websites that consumers use to purchase their goods and what kind of commerce system they have in place, but first, I have written an explanation of the different types of ecommerce used today.
In todays scenario, online Shopping play a great importance in the modern business environment. Online shopping has opened the door of opportunity and advantage to the firms. Rowley Jennifer, (1998) examined that internet is becoming a hotbed of advertising, shopping and commercial activity. Hsieh et al., (2013) stated that internet is influencing
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
With the invention of World Wide Web, the corporate sector has evolved into new dimensions. The fast, quick, reliable, accurate and efficient internet systems of E-commerce have provided the world with new and unique business opportunities.
The trend toward shopping using the Internet is growing faster than expected (Cramer, 2014). Since Internet has become popular medium for people to shop, more companies then launched online shopping platform. With this new platform, they were able to do sales directly to their customer.
Online Shopping is a current phenomenon which is fast attaining a great importance in the modern business environment and opening new vistas for marketers. Online shopping has not only made life easier for the consumers but also has thrown numerous opportunities for marketers to address existing customer better and taping new ones. Online shopping defined as the process of shopping where consumers buy products or services from any vendors through internet, it also known as e-shopping / internet shopping (MasterCard Worldwide Insights 2008). In other words, online shopping is the procedure in which a customer purchases a service or product online or through internet. A customer may at his or her leisure ,with comfort of their home buy products
Digital media has had much influence on the field of e-commerce in today’s business environment in the US. Initially, it was not easy for individuals to buy products
Web sites allow companies to sell their products and services to consumers around the world, rather than limiting them to driving distance from a store.
A steady increase in the popularity of online sales has caused a major push towards e-commerce in the retail industry.
E-commerce is a product that has been available since the early 90’s. It is something that people are familiar with. A product that is now part and parcel of people’s lives.
In this paper, I wish to analyze and compare two major online music stores – iTunes and Amazon MP3. These online stores have totally transformed the way music is sold and purchased.
Online business using the internet has experienced significant growth over the last two decades. According to the Internet World Stats (2014) the number of worldwide internet users has grown from an estimated 16 million in 1995 to 2.9 billion in 2014. This world of interconnectivity has provided a way for people all around the globe to communicate with one another in a real time format. The internet has removed the distance between governments, industries, businesses and individuals. This interconnectivity has helped to establish the foundation for a globalized community.
Communication--it is a fundamental part of our everyday lives. It characterizes who we are, what we do, and how we relate to others in society. It is a very powerful tool that holds many different uses for our basic needs and survival. At a very simplistic level, it is key in attaining our very basic needs for survival. In that respect, it is key in achieving all needs in Maslows hierarchy. Its uses and possibilities endless.