Shruti Speak's

E-Commerce: Organizing Themes Technology Business S ociety Technologies used are: Personal Computer LAN RDBMS Client/Server Fibre Optic Switches As we all know that now a days computer has become a necessity as it is no more for accounts and finance people rather they are eduinfotainment. Evolution of Internet has brought the world of digital era to a next level. LAN(Local Area Network) and (RDBMS)Relational Database Management System use packet switching technology for transfer of data in the form of packets. Fibre Optics are generally used for long distance transmission because of high data transmission rate and minimum attenuation. Business Computing Applications Enterprise wide computing system Supply Chain Management system: Transformation of raw material into selling of product Manufacturing Resource Planning system: Inventory/database management Customer Relationship Management system: Feedback from customers  ...

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 mo...