Skip to main content

E-Commerce Notes #6



Phases of development of e-commerce:

E-commerce phases can be broadly classified
E-Commerce I - Period of explosive growth (1995-2000) E-Commerce II - Current Era (beginning 2001)

Vision behind E-Commerce I  :
  • Existence of internet : availability of PCs, LAN
  • Starting of Bertrand market: It’s a market where price, cost, quality  info. Is equally distributed, where infinite set of suppliers compete against one-another. Merchants have direct access to all relevant market info. Worldwide. 
  • Development of shopping  bot : It’s a program that automatically searches web for best prices and delivery times.
  • Cost of searching fell : There was a limit that end of wasteful ad campaigns which were meant to ….
  •  Reduction of info. Asymmetry 
  • Dis-Intermediation : Implies disappearance of market middleman, i.e. displacement of market middleman who traditionally are intermediaries between producer and the consumer by a new direct relationship between manufacturers and content originators with their customers. E.g. distributor, wholesaler, etc. 
  • Friction free commerce : A vision of commerce in which info. was equally distributed, transaction cost are low, price are dynamically adjusted to reflect actual demand. Intermediaries and unfair competitors are eliminated. Usage of communication tech. which are universal, powerful but inexpensive. 
  • First movers : E-comm I was a blessing for first-movers. The entrepreneurs a firm that is first to the market in a particular area and that moves up quickly to get a market share. Establishing a large customer base quickly, building brand names early and most benevolent.
Labels:

Comments

Post a Comment

Popular posts from this blog

Advantages and Disadvantages of EIS Advantages of EIS Easy for upper-level executives to use, extensive computer experience is not required in operations Provides timely delivery of company summary information Information that is provided is better understood Filters data for management Improves to tracking information Offers efficiency to decision makers Disadvantages of EIS System dependent Limited functionality, by design Information overload for some managers Benefits hard to quantify High implementation costs System may become slow, large, and hard to manage Need good internal processes for data management May lead to less reliable and less secure data
1 comment
Read more

Inter-Organizational Value Chain

The value chain of   a company is part of over all value chain. The over all competitive advantage of an organization is not just dependent on the quality and efficiency of the company and quality of products but also upon the that of its suppliers and wholesalers and retailers it may use. The analysis of overall supply chain is called the value system. Different parts of the value chain 1.  Supplier     2.  Firm       3.   Channel 4 .   Buyer
Post a Comment
Read more

CONCEPTUAL VIEW OF MIS

The concept is a blend of principles, theories and practices of management, information and system giving rise to a single product called MANAGEMENT INFORMATION SYSTEM . The concept of management gives high regard to the individual and his ability to use the information. MIS gives information through data analysis. While analyzing the information, it relies on many academic disciplines like management science, OR, organization behavior, psychology, etc. The foundation of MIS is the principles of management and its practices. MIS uses the concept of management control in its design and relies heavily on the fact that the decision maker is a human being and is a human processor of information. A MIS can be evolved for a specific objective it is evolved after systematic planning and design. It calls for an analysis of business, management views and policies, organization culture and the management style. The MIS,therefore relies heavily on systems theory.The systems theory offers soluti
Post a Comment
Read more