Shruti Speak's

Evolution of E-Commerce E-Commerce I E-Commerce II Technology driven Business driven Venture capital financing Traditional financing Emphasis on revenue growth Emphasis on earnings and profits Ungoverned Stronger regulation and governance Entrepreneurial Large traditional firms Disintermediation Strengthen intermediaries Perfect markets Imperfect markets, brands and network effects Pure Online strategies Mixed ‘brick s and clicks’ strategies First mover advantage Strategic follower strength and complimentary assets Eg: Autoweb, iVillage , Drugstore.com, Amazon.com, eToys, Eve.com Eg: Amazon.com, Dell.com, Wal-Mart stores E-Commerce I: It was traditional and failed drastically as there was less awareness about internet and online transactions, security was a biggest issue as earlier online frauds were easier and difficult to tra

Features of E-Commerce Ubiquity: Any time Any where Internet and web technology has facilitated e-commerce ubiquitous by breaking the physical boundaries of the traditional media. Business Significance: Customer convenience, shopping costs reduced, leads to more opportunities, saves cognitive energy, involves any kind of payment or booking. Global Reach/Measure of Reach Allows transaction across national boundaries and the potential customer are maximum(infinite). Universal Standards There are universal standards for business deals, price, staring a business, running a business. Reduced market entry cost Reduces search cost 1 world market space Easy price discovery   Information regarding supplier, dealer, vendor   A one world market space(no boundaries) is the one where price and product description are inexpensively displayed universal to all. Price discovery is very fast and more accurate.   Richness Richness of information is more in traditio

E-Commerce Non Technical aspect involves any kind of transaction for business/dealing which leads to earnings. Further the earnings can be of 2 types: 1.        Direct Earning 2.        Indirect Earning eg: Infomediaries Technical aspect involves usage of Internet for building websites, updating the website and managing it and the online payment model used within the website. Key Requirements of a Server: 24/7 365 days working,(Must operate all the time), efficient, robust, high performance, storage capacity Technologies required for conducting E-Commerce   Internet The term Internet is made up of 2 words: inter(between two) and net(network). Web is a network between various computers or interconnection of networks. Connections are always host to host. Network in a network is called as subnet. Before websites, internet was there which was used in the form of FTP(File Transfer Protocol) and Telnet(Remote distance communication). Web is a spectrum or a reposit