2.1 Problem statement:
During research of this topic, a problem statement has been formulated that I believe requires some researching into. As with any problem statement, it needs to address the 6 questions that always would get asked concerning research worthy problem statements namely.
The problem, noted in this study, is that the exact reasons behind the sudden expansion of online shopping are unknown.
One thing that is certain is that the world has become more connected and this growth in online shopping has become a necessity to keep abreast of modern times.
2.2 Thesis statement
E-commerce has become a part of human daily lives whether it is at work or in our personal lives. It is by almost everyone because of the benefits it offers
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2.3 Research aim and objectives:
The aim of the research is to find the reasons for the expansion in use of online shopping and the factors that contributed to this growth.
To get to a final product/answer one must take the topic and break it down, Asks questions about it, how do we get there? What needs to be done to achieve a final result?
This study will objectively show all variables involved in the growth of e-commerce including the growth of the internet and try to prove whether the two are related.
2.4 Research questions:
One specific question cannot answer the anomaly of whether e-commerce growth is directly related to the growth of the internet. One has to asks many questions and these could lead to additional questions being formulated.
Many questions come to mind when considering this topic. I will list them below:
• What are the reasons for online shopping sudden growth and use in current society today?
• Is E-commerce directly linked to the growth of the
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This study will explain where e-commerce came from and try to shed light on the topic of where e-commerce will be heading.
2.6 The substantial idea / significant original contribution:
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.
The idea is to find out the reasons behind the growth in e commerce. How it began, what it is today and where it will be going in the future.
This study will prove that e-commerce has grown because it adds value to people’s lives. It will show that e-commerce will not disappear but evolve into something even greater than what it is right now.
2.7 Significance of solution to theory:
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.
The availability of products that could only be bought at certain shops which may have been difficult to reach now sits at just the click of a
The e-commerce is one of the biggest things that have taken the Indian business by storm. It is creating an entire new economy, which has a huge potential and is fundamentally changing the way businesses are done. It has advantages for both buyers as well as sellers and this win-win situation is at the core of its phenomenal rise.
It has allowed access to limitless information and became a tool that made everyday communication in an instant. Among the many opportunities created by internet is the emergence of electronic commerce (e-Commerce). Online shopping is a development brought by the e-Commerce and progress of internet.
Online shopping is a new dimension of trade that emerged as a result of the overbearing usefulness of the internet as an information dissemination platform. Its remarkable growth has attracted numerous comments of researchers. This is evidenced by the number of publications on this theme in the recent time. Nevertheless, while the behaviour of online shoppers has dominated in the literature, little attention has been paid to their level of satisfaction and general experience in shopping online. Online shopping is actually an offshoot of e-commerce whereby consumers directly buy goods or services from a seller in real-time, without an intermediary service, over the internet. Online shopping from the shoppers perspective has been defined as the process consumers go through to purchase products or services over the internet (Monsuwe, Dellaert
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
47% (almost half) of online consumers in Middle East, Africa, Pakistan, India have never shopped online (Nielsen Global Consumer Report 2010). Online shopping provides several facilities like 24x7 shopping at the comfort of home with no travel, wider products availability, better product selection and access to all specifications etc. E-shopping has the potential to replace traditional in-store shopping. There are many motivations for enhancing the experience of online shopping like online shopping open the doors to access the global market place for marketers, introduces the more flexibility in shopping as compared to traditional shopping environment and revolutionising the speed of business. These motivations have encouraged businesses to attract and retain customers by understanding the new ways of online shopping behaviour. Additionally, the evolution of online shopping has opened new doors of opportunities to exploit and provide a competitive advantage to the firms, smart and fast enough to seize new opportunities by adapting itself strategically and technically which
There’s no doubt that people are shopping and buying more items these days. Whether it’s from necessity, for luxury, or as an investment, people have the ability to buy more and have more options for shopping.
The continuous development of Internet leads to the growth of e-commerce. The electronic commerce is growing constantly due to the continuously increasing number of mobile and online users in the market, primarily the emerging markets. Besides that, the development of the Information Technology (IT), such as the advance of paying processes and the improvements of shipping method also the main reason to cause the growth of electronic commerce (John Ingham, 2015). Most consumers accept e-commerce as their feasible alternative in the purchase of goods and
Online shopping is a new style of shopping. With the rapid development of economy and the internet technology, that made the pace of life increasingly fast, more and more people would like to choose shopping online rather than buying in physical stores. Young people, even the elderly, they have got used to shopping online.Online shopping has come up into every aspects of our life, and it becomes an unshakable hobby of many people. People enjoy the convenience way of shopping,stay at home can get the goods they love. In other words,online shopping has become a kind of trend, physical stores is slowly abandoned by people, Comparing with buying in a store, online shopping is more likely to be accepted by people, because the biggest features of online shopping are embodied in convenience, quicker and cheaper.
Most people with different ages can easily browse the internet for several reasons; however, the online shopping considered being one of the most amazing motives. Internet revolution and growing of online marketing shifted most of consumers’ preferences to rely on online shopping instead of the usual traditional mall shopping especially when it comes to convenience, easiness, and globalization.
E-commerce is generally viewed as exchange of goods or services through electronic networks or the internet. An estimated number of 2.4 billion users globally exchanges data on this platform with those known to be actively involved being teenagers and people at middle age who are pressed for time to create time for other activities and it is not only tedious but time consuming to go out shopping in physical stores. In a market scale this could be an astounding figure providing enormous market space.
The e-commerce market has changed the way business is functioning, whether in retail or business-to-business, locally or comprehensively. Before the Internet, accomplishment in retail was said to depend on area. Presently, the Internet is a worldwide commercial center, managing even the littlest retailer a national - if not a worldwide - vicinity. Block and-mortar areas now have sites, and new organizations now offer items that were unimaginable preceding the Internet and the blast
Indisputably, e-commerce plays an important role in today 's economy. Since the Internet was introduced, the world has become more interconnected and shopping has become easier. For businesses, it has become important to maintain an online presence. "This is particularly true if businesses wish to
“In e-Commerce, your prices have to be better because the consumer has to take a leap of faith in your product.” These were the words uttered by actor, producer, and investor, Ashton Kutcher. It is clear that what Ashton is saying is 100% factual, as it is essential to give customers the best shopping experience by providing with a well-rounded and most efficient website. However, in my paper I will be defining e-Commerce, discussing the types of e-commerce, an evolution of e-commerce and the impact it has on today’s economy.
In this study we try to explore that the online shopping in the UK is becoming one of the hottest trends in retailing today. On the other hand, the exponential increases in online shopping and the fast rate of growth in the number of retailers selling online have created an extremely competitive marketplace. In this already highly competitive market, it becomes essential for e-commerce managers to understand the
E-commerce is short for Electronic Commerce and over years there are different definitions of it. Since e-commerce is identified diversely by various scholars, many researchers normally used the term e-commerce based on their research scope. In this study, the definition of e-commerce provided by Turban, Lee, King, Mckay, and Marshall is adopted since it is simple yet comprehensive. According to Turban et al. , e-commerce is " to the process of buying, selling, or exchanging products, services and information via computer networks, including the Internet” (Turban et al. ,2008; p. 4). When e-commerce is implementation successfully, it can provide companies with a wide range of chances for improving some important business activities, for example, trading relationship, exchanging information, co-ordinating logistics and communication through regional or global supply chains (Humphrey, Mansell, Pare, &Schmitz, 2003).