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

E Commerce Essay

4050 words - 17 pages

e-Commerce Research Paper Abstract: Electronic Commerce.For this paper, clearly differentiate business-to-business (B2B) electronic commerce from business-to-consumer (B2C) electronic commerce. Why is B2B electronic commerce so important and what are the implications of this new practice for managers? B2C electronic commerce also has significant social, political and commercial implications. What are some of these B2C electronic commerce implications and why should the successful manager be aware of and prepare for them? 1 ELECTRONIC COMMERCE Electronic commerce or "e-commerce" is commonly believed to be a new concept that was born of the dot-com explosion in the 1990's. Actually, e-commerce ...view middle of the document...

What was achieved was the ease with which buyers and sellers could meet in an electronic marketplace. This e-marketplace promoted fierce competition on price, and the pooling of buying or selling power, even among competitors.Although not universally perfected, the ability to streamline the e-commerce transactions was improved. For example, Sprint worked with online auction site eBreviate to improve the procurement process. With the old method, Sprint would mail bids to several suppliers, which created a paper trail mired with corporate bureaucracy. The paper process often took two months. But now, Sprint can find appropriate suppliers and gain online bids and manage approvals in a few hours.With the promised efficiencies of e-commerce and the Internet as the backbone for its implementation, e-commerce has grown significantly. Deloitte Consulting estimates that by the end of 2001, 91% of U.S. businesses will be conducting transactions on the Internet. This acceptance by business will allow total B2B sales to reach an estimated $7.29 trillion by 2004 according to the Gartner Group. This is compared to only $114 billion in 1999.Expected B2C growth is at a relatively modest pace with sales expected to reach $269B by 2005, up from $45B in 2000. Although B2C dot-com companies driving e-commerce continue to grab headlines, in 2000 e-commerce represented only 2.4% of all retail sales, which was up from 1.4% in 1999.Despite their shared accelerated growth rate and leverage of the Internet, B2B and B2C e-commerce solutions each have their own unique benefit propositions and problems. Each will be further defined and detailed in the following sections, beginning with B2B.2 BUSINESS-TO-BUSINESS Business-to-business or "B2B" is the connecting of two business entities for the purpose of creating commerce efficiencies. B2B-enabler business products are often described as an "exchange". This is similar in concept to the New York Stock Exchange where numerous buyers and sellers can either meet directly, or through a trading representative. Like online exchanges, those on the NYSE trading floor also have their own "protocol" for communication to make transactions fast and efficient.With computerized B2B transactions, the protocol may be TCP/IP over a virtual private network, or perhaps it is an XML exchange. The goal is to have one business computer system communicating directly with another company's system. Not all B2B exchanges are exactly alike. "Some link buyers with sellers, while others operate with a middleman at the center of the process. Still others offer auction capabilities." Initially, the B2B marketplace was feared and rejected by some suppliers. Many feared when they could be compared digitally with their competition, their competitive advantage was reduced only to price. In many cases, this was true. Equally disturbing was the fear that if a company did not join or create an e-marketplace, they wouldn't even be considered as a market player....

Other Essays Like ECommerce

Ecommerce Essay

1445 words - 6 pages FOREIGN TRADE UNIVERSITY FACULTY OF INTERNATIONAL ECONOMICS AND BUSINESS | CHOCOFACTORY WEBSITE | E – COMMERCE: Group Assignment Report | Instructor: Dr. NguyễnVănThoan | GROUP MEMBERS | Bui Minh Nhat | 1001060118 | Le Hanh Thao | 1001010903 | Hoang Bui Minh Phong | 1001010749 | Pham Thanh Duy Hieu | 1001060203 | Pham Viet Dung | 1001020028 | | Hanoi, 04/2013 | | I. Introduction to Business Idea Our business

Ecommerce Effect on Steel Logistics Essay

3620 words - 15 pages PGP2015-17 Project Report on Recent trends in Ecommerce logistic and their adaptation in Steel Logistics process To Mr. Gopal Kapoor & Mr. Alok Singh Student Name: - Suraj Tripathy Roll number: - PGP/19/350

Ecommerce: Paypal

960 words - 4 pages From an analytical prospective, explain why do you think PayPal has been so successful throughout the world? PayPal had become the largest, faster and secure online payment system. It is founded in the year 1998 that provided services of transfer money from one another via internet. It started to provide internet payment services in 1999. At first PayPal named as Confinity. In 2001, the name had been changed from Confinity to PayPal

Ecommerce And Globalization

679 words - 3 pages In the past couple years the relationship between E-Commerce and globalization has become more complex then it was in the mid-2000s. Many economists believe that it is becoming more beneficial for local firms to stray away from conducting business nationally. As stated in a journal article from 2012, local firms may have certain advantages, which include “local knowledge, strong brand names, distribution channels and service infrastructure.1

Walmart Global Discount Retailer Moves from Brink and Mortar to Click and Mortar

3995 words - 16 pages Since San Walton opened his first store in 1962, Walmart has grown into a global retailer with more than 4,000 store in the United States and more than 6,000 internationally. Walmart is comprised of three business segments, Walmart US, Walmart International and Sam’s Club. Walmart Global eCommerce works across all three segments. Walmart’s mission statement “We save people money so they can live better”, is not indicative of where its

Zappos Case Study

851 words - 4 pages an excess or 3+ million shoes, handbags, clothing and accessories, offering the best selection of shoes available anywhere (one stop shop) o Uses eCommerce for the transaction between business to consumer o Best customer service experience, employing approximately 1,600 workers o Offers free delivery and returns as well as a guaranteed 4-day delivery window and a 365-day return guarantee. o Innovated Company that kept culture and work

Proliferation of Mobile Phone in E-Commerce

1693 words - 7 pages bright. Zorrille Ltd (Ecommerce article) explained how the field of wireless technology is tremendously increasing. Ferner (2011) gave us 21 ecommerce applications for mobile phone that are being used to facilitate ecommerce, and how businesses are coming up with applications after another to make it easier for them to conduct business. Consumers and businesses are conducting their business on a mobile device through an application (commonly known

Traditional Businesses Vs. Dot Com Companies

510 words - 3 pages differently than Americans.Works Cited"Ecommerce-Advantages and Disadvantages." 23 May 2004..Marc. "Impact of e-commerce." Online posting. 18 Feb. 2001. Dr. Ecommerce. 23 May 2004..Richardson, Tim. "EU Shoppers Don't Trust Web." 15 Mar. 2004. 23 May 2004..Tony. "Privacy and Payment Issue." Online posting. 4 Apr. 2001. Dr. Ecommerce. 23 May2004. .

E Commerce in Bangladesh

597 words - 3 pages E-COMMERCE What is E-Commerce E-commerce is Electronic Commerce which means buying and selling of goods and services over electronic systems through Internet and other computer networks . Ecommerce provides a quick and convenient way of exchanging goods and services both regionally and globally. The most popular medium in which e-Commerce is conducted is ● Electronic Data Interchange (EDI) ● Electronic mail (E-mail) ● World Wide Web (WWW

Christianity vs Islam

2101 words - 9 pages Term Paper: A Key Concept in Information Systems On a daily basis, for many Americans ecommerce is something we participate in. For example online bill payment, or purchasing from an e-tailer are a few ecommerce transaction we make. By definition, ecommerce or electronic commerce, is the purchasing and selling of products or services via the internet. About 40 years ago ecommerce was introduced and, to this day, it continues to grow

Walgreens

911 words - 4 pages for success in “Well Experience” initiative. Once the pharmacist is engaged with the customers in their community it creates transparency and trust not only in them but also in the Walgreens’ brand. Information Technology Reorganization The eCommerce and Design departments will be moved under the direct supervision of the Chief Information Officer (CIO) to reduce the direct reports of the CEO. Consolidating these two departments under the CIO

Related Papers

Ecommerce Essay

3065 words - 13 pages value chain of the business * To discover the business model that fits with wiggle * To determine the current strategy and the key factors for the success of the company * To suggest the evaluation criteria and to evaluate the site and technical solution for the particular aspect of website. * To discuss about affiliation models and how it will affect Wiggle’s business. 2. Literature review: Ecommerce is a way to sell the

Ecommerce Essay

663 words - 3 pages Bibliofind Case 1) Due to Bibliofind's size the company they should have taken preventive measures to protect their information from attack. Many policies could have been enforced to protect the data and ensure a safe haven for their customer's information. Firewalls are essential to protect sensitive data in multitudes of ways. One of the steps would be to set up a secure channel in which to communicate with the client, such as SSL, TSL

Ecommerce Essay 5621 Words

5621 words - 23 pages Introduction The concept of marketing has long been prevalent existed in a number of ways. Marketing has always seemed to have a direct relation with the everyday trading that takes place. It is through marketing that a large number of buyers and sellers meet at a place and exchange their products or service for money or the product in return. Marketing today is more than simple trade of goods and services. The term itself has changed

Ecommerce Essay 879 Words

879 words - 4 pages The Impact of E-Commerce Willie M. Gray GB 365 Legal Environment of Business Miles College Instructor: Wendy M. Stewart October 13, 2015 Abstract Today’s economy is truly a global one, allowing a lot more room to maneuver and focus on providing customers with a value product ensuring success. E commerce has made a profound impact on society, people can shop online in the privacy of their own homes without ever having to leave. This