...E-commerce in China E-commerce has been greatly developed in both United States and European countries when we look at the success of eBay and Amazon. However, according to researchers at IDC (International Data Corporation), it is forecast the annual Asian sales outside Japan, including Taiwan, Hong Kong, South Korean and India, charged ahead at 38% a year through 2007 eBay sales (Miller, 2004). E-commerce not only creates business opportunities, but also helps enterprises save money and operate more efficiently. Therefore, the potential of the market among Asian regions in recent years has been extremely large, especially in Taiwan and Hong Kong. However, many people notice that China seems to be lagging behind this trend and e-commerce is not very suitable for the culture in China as people may prefer face-to-face business. This essay argues that China has the need and potential in developing e-commerce. E-commerce is becoming more compatible with the Chinese culture of business. Although it may be argued that E-commerce is too technological that violates the traditional Chinese business culture as in the past of Chinese society, social relationship plays an important role in Chinese business and shows appropriate respect to the customers or partners. However, all the things in e-commerce are done by the systems only. Nowadays, more and more people in China have an opportunity to receive education so that they can more easily access to internet world and also different cultures...
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...multi-stage e-commerce model Rajesh Salunkhe May 13th, 2013 Kaplan University (Prof. Sheila Fournier-Bonilla) Abstract This paper is written to review some of the challenges associated with all global systems attempting to implement a multi-stage e-commerce model. The paper endeavors to examine these challenges from a cultural, language, time and distance, infrastructure, and currency perspective. Additionally challenges related to state, regional and national law too are examined. Challenges implementing multi-stage e-commerce model Implementing global systems for a multi-stage ecommerce model can be a daunting challenge and yet provide a growth opportunity simultaneously. Simplistically, e-commerce refers to some form of electronic activity (e.g. buying or selling goods or services online) , that cross organizational barriers, with or without the involvement of WWW or Internet. Ecommerce systems can be implemented as Business-to-Business (B2B), Business-to-Consumer (B2C) , Consumer-to-Consumer (C2C) and Business-to-Government (B2G) models (IBMR, 2008). Regardless of the model, if their associated challenges are well-identified and proactively addressed, then a new world of opportunity due to market expansion and growth potential, awaits the companies, undertaking the risk to implement these e-commerce models...
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...Barriers to E-Business There are several barriers involved in e-business, however the main success to e-business depend on the amount of online users available globally, and the base and originator of the buyers and sellers. The barrier of e-business it is divided into two categories technological and non-technological. . . 1) Personal Computer Penetration Personal computer penetration is the main display t( necessary need) to starting up and e-business. When it comes to PC penetration and ecommerce we can see that there is a direct relationship between them Rabe 2001; Singh, Jayashankar, and Singh 2001), moreover owning a pc is very much directed to actual revenue or income owned (Polster and Trinh 2000). So in this case developed countries are capable of owning more pc however the poorer countries are quite limited in the amount of Pc owning. For example PC manufactures in china may produce a computer for a price of $ 300; in our standard of developed countries it is extremely cheap. however in accordance to the poor countries ,economical factors and salary wages $ 300 could mount up to about 2 month of their average wage. This could cause a major problem for e-business as it could decrease the amount of global interaction or awareness. 2)Infrastructure Access to the internet in global developed countries is not a problem even if computers price have declined on increased. Having internet in developing countries is extremely common and in fact everywhere...
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...University of Nottingham Ningbo China Business School Academic Year 2015/16 Autumn Semester INTERNATIONAL BUSINESS ENVIRONMENT Lianxi Zhou EBay: China and India External Business Macro Environment Entry Report Group 2 Hugo John MASON; ID: 6513963 Boon Long Tan; ID: 6512494 Sung Jun PARK; ID: 6508247 Yasong ZHAO; ID: 6511938 Word Count: 3000 Table of Contents Introduction 2 China 3 Political Environment 3 Political and Legal System 3 Five Year Plan 3 One Belt, One Road 4 Risk 4 Economic Environment 5 Market Size 5 Currency 5 FDI 6 Socio-Cultural Environment 8 Guanxi 8 Hofstede’s Model of National Culture 9 China Recommendation 11 India 12 Political Environment 12 Political and Legal System 12 Opportunity 13 Risk 13 Economic Environment 14 Market Size 14 Currency 14 FDI 15 Regional Trade Blocs 16 Risk 16 Socio-Cultural Environment 17 Socio-Demographic 17 Trust and Uncertainty Avoidance 17 Human Resources 18 India Recommendation 19 Reference 20 Appendix 25 Introduction In recent decades a global shift has arisen and revolutionized the way businesses operate as we move into a more integrated and interdependent global economy. Known as Globalization, the e-commerce industry has been the crux of such a radical metamorphoses of nations. National economies are no longer self-contained and independent. China, having one of the fastest growing e-commerce markets at 22.6% (iResearch, 2014) has...
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...nations faces various obstacles in adoption of new business ranging from infrastructural issues of technological advancement, network problem, lack of skilled resources, etc; investment issues in inter-organization communication, network establishment, etc; security and privacy issues of customer information in transaction; government regulations for legal protection of consumer rights; logistics issues of distribution; lack of physical and social interaction in virtual environment for purchase; and returning policy of traders (OECD, 2004). Although infrastructure and deregulation governs the success of commerce, transactional trust is mandatory for encouraging the participants to pursue the shopping from foreign firms (Oxley & Yeung, 2001). Socio-cultural characteristics of these countries also raises concern of institutional trust in the new business as substitute for social milieu lacking in personal touch or localization of product (Efendioglu, Yip, & Murray, 2004). Temporal and spatial separation requires radical shift in consumer pattern to create trust between parties involved in transaction occurring in trading based on agreed contract. Delivery of products to the increasing number of customers in new system brings challenges for seller to keep the promises of order fulfillment in committed time. Logistics capability determines the delivery and distributed channel of firm to ensure speed and timeliness of delivery in business operations (Alemayehu, & Heeks, 2007). Developing...
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...Electronic Commerce Charanpreet Singh Sullivan University Abstract E-commerce revolution is increasing day by day with thousands of new customers joining in everyday for shopping goods and services online. But still in today’s age of internet, some of the barriers exist which hampers the growth of E-commerce. Few of such barriers are Lack of trust, language & culture and infrastructural issues. A joint effort is required to put in place a proper process by which these issues can be addressed so that the effects are minimal. Lack of trust (Werthner, 2001) It is very important for the businesses to establish trust with their customers but the online businesses which exist through online websites have anonymity and it is hard to establish then said. The existence of business through website and lack of physical presence at a place is a factor which affects a person’s trust in a company. The issue of anonymity can be explained by an example that no one can know only through a website that how established a bank is only through their website and unless and until one trusts a bank they will not become a customer with the bank. Therefore, companies really need to have a plan to how they can make their customers trust a business. Also, when designing a website it is very important that we address all the needs of the customers in a good manner so that they do not get an impression that this company does not provide the services which the customer are looking for. In E-Commerce...
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...Starting a Business Online Abstract E-Commerce has become one of the emerging business trends towards the provision of services. The ability of a business to realize the impacts and benefits of e-commerce to the business is central towards the evaluation of its necessity. The evaluation process requires an entrepreneur to undertake a SWOT analysis in order to understand the advantages and disadvantages of e-commerce. The e-commerce industry is experiencing a variety of issues that range from culture, trust, language, infrastructure, and the government regulations. Addressing these issues is central to the viability and feasibility of the business in the market. Designing of a mechanism of addressing the issues that relate to the regulations governing the operation of businesses is necessary. The online crimes also present a major challenge for most of the businesses. Therefore, this paper elucidates strategies and operations that help in the analysis and addressing various issues that relate to the e-commerce industry. Question 1 The SWOT analysis is a major tool that can be used in the evaluation of the advantages and disadvantages of engaging in e-commerce. Strengths A major strength is the expansion of the global market commanded by the store. It expands the geographic retail market for the clothes stores beyond the Jersey Shore boardwalk to areas all over the world. Another strength is the time-saving potential of e-commerce both for the store and the customers. It...
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...Associated with E-Commerce December 18, 2012 IT500-01N: Critical Concepts and Competencies for the IT Professional Instructor: Dr. Sheila Fournier-Bonilla Kaplan University Unit 2: Assignment 1: Global Challenges Associated with E-Commerce E-Commerce has changed the ways that companies do business, they are no longer confined to certain areas, regions, or even countries. "E-Commerce and m-commerce offer enormous opportunities by allowing manufacturers to buy supplies at low cost...they also offer enterprises a chance to sell globally.." (Stair and Reynolds, 2012). E-Commerce is not an easy venture and there are many challenges that are associated with all global systems wishing to implement e-commerce. The challenges that will be discussed and analyzed in this paper are; cultural, language, time and distance, infrastructure, currency, and state, regional, and national law challenges. It is very important that companies wishing to implement e-commerce systems in a global market pay very close attention to dealing with these challenges or they just might fail in their venture. Cultural Challenges The first thing that must be realized when implementing e-commerce is that you are going to be dealing with people from other cultures and not all cultures are the same. According to Kamel (2008) "cultural differences have a profound impact on the usability, acceptability, and user performance of Web sites". Companies must understand that different cultures contain different...
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... Submission Date: 13th April 2014 Course: E-Commerce Class Timings: Sunday 4:15 – 7:15 Student ID#: 2011-3-07-12484 Course Instructor: Mr. Faisal Dehdi A STUDY OF THE FACTORS THAT INFLUENCE THE ACCEPTANCE OF E – COMMERCE IN DEVELOPING COUNTRIES SUMMARY: E-Commerce which facilitates transaction of goods & services via computer networks such as internet has become a powerful tool of socio-economic development & therefore is a significant issue for developing countries. Many developing countries have made Information & Communications Technology (ICT) as part of their development plans to ensure deployment & utilization of ICTs in their country for the benefit of enterprises & citizens. This research paper aims to study: - * E-Commerce across national borders to find out relationships among certain factors & attitude about e-commerce. * Issues & areas necessary to the implementation of e – commerce that may be influenced by National culture. * Impact of culture, previous web purchased experience & age of developing countries on e-commerce. The two nations (Iran & UAE), gender & previous experience are the independent variables whereas attitudes about different aspects of technology use are taken as the dependent variable. From the literature review, we conclude that E-Commerce has a potential to add value in developing countries by offering advantages such as globalization of commerce, elimination of time & space limits, easy...
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...retailing will continue to decline as a result of the continued growth of e-commerce. This decline is inevitable because there is an intense competition between two markets. Businesses find it is more beneficial to operate e-commerce so there are less businesses operate high street retailing. This is because operating e-commerce has a low operation cost such as free rental cost and reduces the expense on human resources. Moreover, there is a larger customer base since it is able to attract customers internationally and nationally, and there is also no time restriction which is one of the main factors that leads to the growth of e-commerce. In addition to this, businesses that operate e-commerce can offer a wider range of products whereas there is a limitation for high street retailing to offer products because of the limitation of space. On the other hand, the high street retailing is not replaceable because customers are more satisfied when they can see real products in hand which enhances the levels of repeat purchasing which shows the demand of high street retailing. However, whether or not the high street retailing will continue to decline as a result of the continued growth of e-commerce depends on the external factors such as economic which affects the level of deposable income. Also, it is depends on the financial capacity of individual business which affects how well they can manage the business during changes in the market. Therefore, the purpose of the essay is to discuss...
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... | |Challenges in performing specific Human Resource function |7 | |Guidelines for Hr professionals |9 | |Do it E-commerce way |10 | |Conclusion |11 | |Reference |12 | PAPER TITLE: “HUMAN RESOURCE CHALLENGES IN E-COMMERCE” ABSTRACT: E-commerce and Internet technology is changing the face of HR and the way companies do business. New technologies are being developed every day, with each new innovation promising increased employee efficiency and greater and greater interactivity. The impact of these new technologies on the human resources professional is both profound as well as challenging. The challenge is to define what the new HR role is and determine how it can best be aligned with evolving business strategies. But the challenge is also whether HR professionals are willing to embrace technology as a competitive weapon and integrate its potential power into the development of solutions-based strategies that...
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...University Introduction Commerce is the conducting of business; it could be buying, selling, marketing, or providing services. The newer forms of commerce are electronic commerce (e-commerce) and mobile commerce (m-commerce). The types of e-commerce are business-to-business, business-to-consumer, and consumer-to-consumer. The traditional commerce practice required consumers to buy at a retail location, order from catalogs over the phone, or fill out order forms to mail in. These processes where lengthy and inconvenient to consumers needing products fast or even business needing a rush order could still take weeks. E-commerce emerged eliminating the long processes of ordering and waiting on receipt of order, then processing; to just clicking buttons and shipment within hours or days. E-commerce and M-commerce have many benefits to businesses and consumers but as with any great thing there are challenges. In attempting to implement a multi-stage model for e-commerce with global systems, the key challenges are; cultural, language, time and distance, infrastructure, currency, and state, regional, and national laws. Cultural challenges Culture includes difference in morals and beliefs, language, currency, laws and the way individuals as well as businesses function. Cultural challenges occur when the major understandings and assumptions of the business leaders is different from the consumer or other business, in which business is to be conducted with. Within e-commerce cultural challenges...
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...Associated with E-Commerce Pamela Moss IT500-02 Critical Concepts and Competencies for the IT Professional Instructor: Sheila Fournier-Bonilla Kaplan University 03.20.2013 Global Challenges Associated with E-Commerce For many businesses today, implementing e-commerce capabilities into a traditional business can seem like an easy task on the surface, but there are many challenges associated with successfully implementing an e-commerce web site into a business that will appeal to global consumers and increase the success and profitability of the business. One model commonly used in e-commerce is the multi-stage model; this model breaks down each stage of the customer’s shopping experience to ensure quality and service that will induce positive feedback from the customer and return visits. Like all traditional businesses, there are challenges at start-up, and e-commerce also has its own challenges. This document will discuss six major challenges businesses face when trying to implement a successful e-commerce web site, the effects these challenges have on an e-commerce business, and what steps may be taken to overcome these challenges. Cultural challenges in e-commerce are one of the most difficult challenges to overcome because the language challenge must be considered simultaneously. A clear assessment of culture is a combination of language and routine executed in a specific location or geographical region. Therefore, cultural challenges for an e-commerce web site include...
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...For any business, engaging in e-commerce would be a smart move. Especially in the technological age we live in, engaging in e-commerce is practically necessary for a business to thrive. In the field of life insurance, e-commerce can come in the form of something like a small company gift shop; offering souvenir products of their company logo. For example, the company may sell calendars, pens, t-shirts, and more to their policyholders and the general public. Or it can also come in the form of allowing policyholders the option to make payments on their policy/policies online. In either forms of how Pacific Guardian Life Insurance can engage in e-commerce mentioned above, it can definitely improve business for the company. Company souvenirs like T-shirts, and other logo items, are great for advertising, whether they are received as gifts or purchased. By having this selection available, it could possibly increase the company’s awareness with the general public. Accepting online payments for the company will give customers more options and will meet current market demands of allowing exchange of business to be more convenient and in control of the consumer. A1. Customer Payments Now that online businesses are at an all-time high, there are several options available to businesses to help aid in the transition to accept online payments. There are numerous companies offering merchant services; now in a sense even bundle up products and services needed to begin accepting online...
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...Assignment 1 Ryan Butler Darren Tunnyuk BUS107 26 January 2012 Identify the advantages and disadvantages of taking your small business online by performing a SWOT analysis. Include 2-4 items in each category. When performing a SWOT analysis you have to take into consideration the four categorizes of SWOT which is strengths, weakness, opportunities, and threats. Strengths consist of what does your company do well, for my company we make comfortable jeans, jean shorts, cargo pants, and cargo shorts along with t-shirts and collared shirts to fit the fashion of consumers today and in the future. Then you have to ask yourself is your company strong in its market, and my company is picking up momentum to being a very strong competitor in this market. With our advertising and customer care we have made a name for ourselves. Weaknesses play a part in the SWOT analysis and one is what does the company do poorly. I would have to say for my company it is that the shipping department has been doing poorly with the increase of sales, in which we are having a hard time getting the products out the door to our customers in a timely manner. The second thing we need to look at is what problems could be avoided, for my company I need to hire more employees to help with the increase load in the shipping department to be able to get customer orders out of the warehouse. So for me to avoid this I will have to hire more employees to fix this void. Opportunities also play a big part in the...
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