This website uses cookies to ensure you have the best experience. Learn more

E Business And E Commerce Essay

2765 words - 12 pages

E-BUSINESS MANAGEMENT
MHN212839

JOSEPH BEAVER
BA(HONS) – MANAGEMENT, TECHNOLOGY AND ENTERPRISE

REPORT ON TOYBOX

WORDS:-2292

SUBMISSION:26TH NOVEMBER 2015

Contents
2 INTRODUCTION 3
2.1 Company 3
2.2 Purpose of Report and What it will Cover 3
3 E-BUSINESS 3
3.1 What is E-Business 3
3.2 Definition 4
3.3 Why is it Relevant to Toybox – Discussion of Concept 4
4 STRATEGIES 4
4.1 Definition of a Strategy 4
4.2 Strategy Definition Stage 5
4.3 Decisions That Toybox Should Take At This Point 5
4.3.1 Decision 1: Strategy To Assist with Market and Product Development 5
4.3.2 Decision 2 – Look at the Capabilities of Having a Supply Chain 6
4.3.3 ...view middle of the document...

Purpose of Report and What it will Cover

A report has been commissioned by the management of Toybox in which they have asked for further investigation into using e-business in which to grow their business and make it more attractive and improve the overall strategy of the company. To do this firstly, the report will look at definitions of e-business and why using it will help the Toybox company. Further to this, the report will also advise Toybox on how to utilise e-business to grow all areas of the business, with focus on the Strategy Definition Stage and recommendations as what decisions Toybox should take at this stage. The final part of the report will discuss the various E-Business Revenue Models that are available for Toybox to use along with suggestions as what models they should use and how it improve their business and potentially bringing in more revenue. The final section of the report will bring together conclusions from what has been discussed and the way forward for Toybox.

E-BUSINESS

What is E-Business

Combe (2006) suggests that businesses that have an e-business function whether it be for business or for selling (commerce) can be split into varying categories, an example being companies who exist solely online and don’t have an offline presence i.e. shops and companies who have an online presence to complement their existing offline presence. To further look into e-business as a whole, the definition’s need to be looked at.

Definition

Li (2007) explains that IBM came up with the term E-Business in the 1990’s. At that time, they defined E-Business as being the transformation by using the internet of important business processes whereas Jelassi and Enders (as cited in Li 2007) improves on that definition by explaining that e-business is the means to conduct all activity within a business whether it be their internal business or external business.

Why is it Relevant to Toybox – Discussion of Concept

It is extremely relevant for Toybox to introduce the concept of e-business within their organisation. At the moment, their only online presence as outlined within the introduction is that their website setup consists of basic information pertaining to the company only with no facility available to contact the company via electronic means or to even place orders on line. There are two stores within the organisation so the Internet could be used to link their two shops with Toybox creating the e-business facility i.e. Improved Internet Site for its customers therefore allowing potentially a lot more sales revenue. Singh and Waddell (2004) suggests that you will be reaching out to a greater number of customers from further distances that are unable to go to the Toybox stores and who will therefore be able to order on line. It creates the illusion of having 24 hour opening by having online shopping available. For the staff within the Glasgow and Edinburgh stores having e-business available can also...

Other Essays Like E-Business and E-Commerce

E-Commerce Essay

1435 words - 6 pages Shopping on the internet is certainly a popular past time, an efficient time-saver, and a great way to comparison shop on virtually any kind of item you’re interested in. E-commerce has risen and become one of the most successful platforms for shopping in the most convenient way. One of the best examples of the online shopping portals is Fashion and You. Fashion and you Fashion and you | | Founder(s) | Harish Bahl and Pearl Uppal

E-Marketing and E-Commerce Consultant Essay

1032 words - 5 pages You Decide You Decide Assignment Title:  E-Marketing Scenario Summary You are an e-commerce expert and you have some friends who own their own local bookstore. The husband and wife team have owned this company for 20 years and have built an amazing business that is very successful to the local community and is known to have an amazing collection of rare and exotic books. However, due to the World Wide Web, bookstores have had challenges, as

E-Commerce

677 words - 3 pages Tipos y características del comercio electrónico (E-Commerse) El comercio por internet ha evolucionado a gran escala. El mundo virtual se ha convertido en una de las maneras más utilizadas para realizar negocios. Se estima que el comercio electrónico B2B comenzó para el 1970 cuando la empresa Baxter Healthcare inicio esta modalidad para que los hospitales volvieran a pedir suministros (Laudon, Traver, 2012). El modelo B2C se desplego en Francia

E-Commerce

1188 words - 5 pages Question 1 A text book publisher can sell his book chapters on-line by using 2 types of e-payment methods. Credit card payment method: Credit card which is an electronic card with coded users, issuers and account number information embedded in the card chip. The buyer can login to the book publisher's website, view the book chapters, choose the one he or she wants place it in the shopping cart. Buyer’s input card information and the

E-Commerce - 1297 words

1297 words - 6 pages The Financial Effects of the Internet By E McCray Fundamentals of Electronic Business Bus 107 March 13, 2011 The life cycle of any business consists of change but many people desire to embrace the familiar and the need to keep everything normal. As a business increases or downsizes, change is inevitable. The internet has change the

E Commerce in Bangladesh

597 words - 3 pages ) ● Internet Applications ● Network Applications History Of E-Commerce • In 1950‟s companies began to use computers to store and process internal transaction records. • By 1960‟s businesses that engaged large volume of transaction had began exchanging transaction information on punched card. • In 1968 Transportation Data Co-ordination Committee (TDCC ) wasormed by some companies. Dimensions of E-commerce Business-to-Business (B2B

E-Commerce in Iran

1447 words - 6 pages opportunities can e-commerce provide for Iranian business people? Advantages and disadvantages of e-commerce Using the e-commerce new ways for business people and consumers is provided helping them communicate and conduct business easier and faster. There are some advantages and disadvantages in using e-commerce as a way of doing business. Advantages of e-commerce The following list is the number of advantages that can be achieved

Guide To E-Commerce

1562 words - 7 pages business hours due to its around the clock operations, lower labour costs than a traditional business, and exposes the business through a larger market by means of the World Wide Web. With our ever-changing society undeniably striving for technological advancement, E-commerce has become an effective method of conducting business.Electronic Commerce is defined as "The conducting of business communication and transactions over networks and through

E-Commerce in India

5037 words - 21 pages internet. On the Internet, it relates to a website of the vendor, who sell products or services directly to the customer from the portal using a digital shopping cart or digital shopping basket system and allows payment through credit card, debit card or EFT payments. E-commerce involves carrying on a business with the help of the internet and by using the information technology like Electronic Data Interchange. In general words, Electronic commerce is

Global E-Commerce

3121 words - 13 pages Global E-Commerce Advanced Multichannel Expectations in Highly Developed Markets Joanne Bethlahmy, Paul Schottmiller Cisco Internet Business Solutions Group December 2011 Cisco IBSG © 2011 Cisco and/or its affiliates. All rights reserved. Cisco Public Internet Business Solutions Group 1 Executive Summary  Many retailers are ―going global‖ to capture a larger share of the $1.4 trillion e-commerce market  Leading-edge

Chapter 1, E-Commerce

2956 words - 12 pages Week 1 Assignment Discussion Questions RQ1. Describe three factors that would cause a company to continue doing business in traditional way s and avoid electronic commerce. This answer can be found on pages 15 and 16 and Table 1.5. If we start with the first reason, traditional commerce is well suited for the sales of impulse items that are for immediate use. For instance, I’ve been taking my son to his baseball games for the past few

Related Papers

E Commerce And E Business Essay

674 words - 3 pages E-commerce and e-business Introduction Pandora offers online radio subscription services. Glaser and Westergren founded Pandora back in 2005. According to Kenneth and Traver (2012), Pandora has over 80 million registered users and continues to add about 600,000 subscribers a week. The firm accounts for over 50% of all online radio listening hours. When I read about Pandora offering a radio service, I first though about news but it

E Commerce Essay 857 Words

857 words - 4 pages New electronic technologies have transformed communications in business. E-commerce evolved from pre-electronic paper mail, wire transmissions, and teletype to email, texting and fax, with the latter now on the verge of obsolescence. On the telephone side, long distance calls became substantially less expensive and Voice over Internet Protocol calls can be completely free to any Internet connection. New technologies like Skype and Google Hangouts

E Commerce Essay 669 Words

669 words - 3 pages 1. What are the major differences between pure play e-commerce and bricks-and-clicks operations? What are the benefits and limitations of each? (5 marks) Pure play companies are companies doing only online business. They are not physically in touch with their customers, because all their business is done electronically. Bricks-and-clicks companies conduct their business online and offline at the same time. For example a designer clothing

E Commerce Essay

1653 words - 7 pages Limitations of the Business: Actually in every business whether it is E-commerce or other business, each and every business there are some limitations. So while doing this E-Business many hurdles are to be faced generally. That limitations and hurdles are to be overcome to bring success in this sector. These limitations are classified into two, such As: 1. Technological Limitations. 2. Non-technological Limitations