Report For Best Books of Mackay By Tran Huynh Contents Introduction 2 What is e-business? 2 Advantages and Disadvantages of E-business 2 Advantages: 2 Disadvantages: 2 Establishment of an E-business 3 Costs Involved 4 Levels of e-business 4 Risks 5 Security Controls 5 Business-to-consumer (B2C) 5 How does B2C work? 6 Business to Business (B2B) 6 Supply chain management 6 Legislation 6 Spam 6 Privacy 6 Assurance of integrity 6 Globalisation 7 Recommendation 7 Bibliography 10 Introduction As Best Books of Mackay have not changed their practices for the last 30 years, they wish to embrace e-business principles as a way of expanding their customer base and streamlining their business operations. Management understands that …show more content…
It allows both businesses and consumers to conduct transactions online, instead of using traditional methods. E-Business would allow Best Book of Mackay to link their internal and external processes more efficiently and effectively, and work more closely with suppliers and partners to better satisfy the needs and expectations of their customers. (1) Development of computer and communication technologies have led to the evolvement of E-business and it will no doubt continue to do so. Advantages and Disadvantages of E-business Implementing E-business would give Best Books of Mackay a lot of advantages but also some disadvantages. Advantages: • E-business enables Best Books of Mackay to sell their goods all around the world (refer to appendix A) • E-business operates 24 hours a day, seven days a week • The set-up costs are a lot cheaper than the costs of setting up a normal business • It allows the customers to purchase products from anywhere in the world • Consumers can compare prices from different sites before buying • Best Books of Mackay can save money as they don’t need as many staff as before. • Best Books of Mackay can answer customer’s enquiries at any time without face-to-face contact and not just during normal trading hours • Consumers can save a lot of time buying products online as they don’t have to go to the shopfront physically • The inventories can be
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
An e-business solution for an enterprise is the incorporation of all aspects of the business operation into an electronic format. Many well-established businesses have been selling on-line for years. Columbia Records has been selling "music" directly and indirectly (through their artists ' website) to end-users for years. When Columbia Records has incorporated an e-business solution, the business will experience a lower operation cost while at the same time increasing its profit. The e-business solution will allow the company to eliminate unnecessary paperwork. All paperwork and data can be transformed into an electronic format. Thus, it will eliminate valuable shelf space and data can be searched and accessed in a matter of seconds. E-business will also automate the sales process. Thus, efficiency will be significantly improved. With an e-business solution, the business will be open 24 hours a day, 7 days a week. People from anywhere in the world with Internet access will be able to visit the site at any time. They will not be restricted to the normal business operating hours. A brick plus mortar business is normally limited to serving the customers in its local geographical location. With an e-commerce solution, that business will not be limited a geographical restriction, rather it opens itself to the global on-line market. Essentially, the business ' market exposure will be greatly increased.
Evaluate how successful a selected business organisation has been in preparing for the growing use of e-business.
COMBE, C. ( 2006). Introduction to e-business : management and strategy. Amsterdam ; Boston: Butterworth-Heinemann.
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
In this part of the assignment I am going to explain the competitive pressure on selected, contrasting business organisations to develop their use of e-business. Also I will explain how two selected, contrasting business organisations have responded to competitive pressure to develop their use of e-business. At the end I have to evaluate how successful a selected business organisation has been in preparing for the growing use of e-business.
University, Adapted by Faculty of Business- Athabasca. Electronic Commerce for Managers. Pearson Learning Solutions, 2014. VitalBook file.
Therefore if the company merely adds the option to place orders and checkout online, then it may significantly help increase their market share. Customers can easily sieve through their product list and then place and order online. This will be quicker and easier to process both for the customers as well as the company.
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.
Chaffey, D (2009). E-business and E-commerce Management; Strategy, Implementation and Practise. 4th ed. Harlow: Pearson Education Ltd. P166.
That is to say, using e-commerce not only can increase services level to keep customers, but also make profits more than before. Nowadays, there are many companies using e-logistics and e-procurement for customers, because those will be an optimal way to extend and increase business processes in supply chain management and also those are real value methods to attract more customers than before. Therefore, e-commerce can create a lot of additional values in the company in order to maximize its chances of success.
Electronic business (e-business) can be defined as the use of the internet to network and empower business processes, electronic commerce, organizational communication and collaboration within a company and with its customers, suppliers, and other stakeholders. E-businesses utilise the internet, intranets, extranets and other networks to support their commercial processes (Colin Combe, 2006).
Whether e-business is economically harmful or beneficial to businesses has always been a controversial topic. Despite the trend of traditional companies turning their businesses into e-business is uprising, some still tend to not modifying their models. Does it indicate that e-business is more of an economic disadvantage to businesses than it is an advantage? We will have a better look into both sides in this essay.
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
E-business offers a range of advantages compared to the traditional business system. These benefits are continuously increasing the popularity of e-business. Below are some main advantages that will be beneficial for Best Books of Mackay.