...The Business Environment s BUS100 Abstract This paper covers varies aspects of business and the effect it has on our economy. Inside I will cover the role of business in the economy and I will also educate you on some of the differences and similarities of a for-profit and a non-profit organization. I will also cover the impact of our current fiscal and monetary policies on our economy. The final part of the paper will give you an idea of how I would expose a product to global markets and the impact of social responsibility on a stakeholder group. The Business Environment Introduction In today’s business environment a new era has dawned upon us. A business can be open almost anywhere as long as it follow the rules and regulation. A business environment depends upon the enterprise operating within the framework of the competitive market economy. Therefore globalization and society as a whole has presented opportunities that has arisen in recent years to change the business environment. There was a time when we iron our own cloths, now there are drycleaners on every corner, advertising for our business. People are eating out at fast food restaurants instead of cooking at home. These complex structures are known as a business. These small functioning businesses play a vital role in our economy...
Words: 1389 - Pages: 6
...HND Business E-Business Integrated Assignment 2014/15 Tiarnan Farquhar Table of Contents 1.1 Introduction to the environment in which e business is conducted and business transaction types 1.2 The benefits and barriers to businesses considering an on-line presence 1.3 Security and legislative issues facing an on-line business 1.4 The models of communication available to an e-business and their application 3.1 The different e-business models that can be used to generate revenue for a business 3.2 Analysis of each model in terms of capacity to generate revenue 3.3 Report of future developments in e-business models 1.1 Introduction to the environment in which e business is conducted and business transaction types Electronic business or as it is more widely known ‘e-business’ is is the application of information and communication technologies (ICT) and applications that support and drive business processes, most often using web technologies. E business allows companies to link internal and external procedures more proficiently and effectively. It allows them to connect more with suppliers and associates to produce a better service, product and experience to their customers. This generally results in an enhancement to the complete business performance.A website is the most well-known application used, e-business delves much deeper than this. There is an immense range of internet technologies to select...
Words: 5636 - Pages: 23
...ASSIGNMENT 0N E-COMMERCE IN BANGLADESH * SUBMITED TO: MJF RUPOM * SUBMITED BY: MD SAHAJALAL (MAHADI) * ID NO:BBA 04814818 * BATCH: 48(A) In the emerging global economy, e-commerce and e-business have increasingly become a necessary component of business strategy and a strong catalyst for economic development. The integration of information and communications technology (ICT) in business has revolutionized relationships within organizations and those between and among organizations and individuals. Specifically, the use of ICT in business has enhanced productivity, encouraged greater customer participation, and enabled mass customization, besides reducing costs. However, this is premised on strong political will and good governance, as well as on a responsible and supportive private sector within an effective policy framework. This primer seeks to provide policy guidelines toward this end. E-BUSINESS E-business is the use of the Internet and IT to execute all of the business processes for the firm. E-business includes e-commerce, all internal processes, and coordination with business partners such as customers and suppliers’-business refers to the use of digital technology and the internet to execute the major business processes in the enterprise. It includes the activities for the internal management of the firm and for coordination with supplier and other business partners...
Words: 1278 - Pages: 6
...E-Commerce 2015 Questions ------------------------------------------------- Chapter One Review Questions 1. Describe three factors that would cause a company to continue doing business in traditional ways and avoid electronic commerce. 2. Figure1-5 lists roommate-matching services as a type of business that is well-suited to a combination of electronic and traditional commerce. In one paragraph, describe the elements of this service that would be best handled using traditional commerce and explain why. 3. Choose one major difference between the first wave and the second wave of electronic commerce. Write a paragraph that describes this difference to a person who is not familiar with either business or Internet technologies. 4. What are transaction costs and why are they important? 5. Provide one example of how electronic commerce could help change an industry’s economic structure from a hierarchy to a network. 6. How might managers use SWOT analysis to identify new applications for electronic commerce in their strategic business units? 7. In about 200 words, explain the difference between language translation and language localization. ------------------------------------------------- Chapter Two Identify the key components of e-commerce business models. A successful business model effectively addresses eight key elements: * Value proposition—how a company’s product or service fulfils the needs of customers. Typical e-commerce value propositions include...
Words: 812 - Pages: 4
...E-Business ACC/340 December 16, 2013 E-Business Introduction William Dillard founded Dillard’s Inc. in 1938 as a small store in his wife’s hometown. Mr. Dillard opened the store after working many summers in the retail industry and college. He also completed the management training course at Sears Roebuck and Company prior to the opening Dillard’s. His first store was located in Austin Texas. Over the years technology has been innovated and transformed how consumers shop. There are several different ways that the e-business can affect Dillard’s Inc., both internally and externally. Dillard’s Inc. has many advantages and disadvantages when dealing with e- business. Dillard’s Inc. is a store that sells clothing and many other household items. Most consumers love to shop whether it is online or in a brick and mortar location. There are advantages, limitations, and risks of using the Internet for the business activities. Advantages One advantage of Dillard’s, being that it is an e-business is that consumers can shop online and not have to leave their home. Another advantage is that it removes location and availability limitations for customers. In store there are hours of operation, which will limit the times when consumers can purchase items. Being an e-business allows consumers to make purchases when and where they like. There are often more products available online than in the store because local stores usually have limited storage. Reducing time and money...
Words: 778 - Pages: 4
...organization can continue to develop employees while reducing cost associated with the training. Information technology can develop the workforce, and increase the profitability. In my research I investigated all aspects of employment development known as E-Learning. I applied this advanced training methodology to my current company for direct analysis. I wanted to develop a plan based on the research that could present to the company showing the advantages of E-learning. Even though I don’t have direct financial access to all of the company’s resources, I could still show the fiscal impact of my research and request a proposal for implementation. Keywords: E-Learning, infrastructure, costing, development, advantages, information technology E-Learning: Employee Training and Development When reviewing the company’s strategic plan I noticed a decreased budget in training and development without a qualitative solution to supplement the change in planning. As I began to think of solutions I used my learned knowledge in Information Technology to suggest idea’s for change. When analyzing the company’s current developmental plan I noticed a lack of advancement in technology and how it applies to training. I suggest we visit the topic of E-Learning. This teaching tool incorporates current Information Technology advancements and updated learning techniques to create an educational experience that can enhance individual employee’s abilities. The following presentation...
Words: 1896 - Pages: 8
...An analytical framework for evaluating e-commerce business models and strategies Chung-Shing Lee The author Chung-Shing Lee is Director of Electronic Commerce Resource Center and an Assistant Professor of Information Systems and Technology Management in the School of Business at Pacific Lutheran University, Tacoma, Washington, USA. Keywords Internet, Economy, Innovation, Strategy Abstract Electronic commerce or business is more than just another way to sustain or enhance existing business practices. Rather, e-commerce is a paradigm shift. It is a ``disruptive’’ innovation that is radically changing the traditional way of doing business. The industry is moving so fast because it operates under totally different principles and work rules in the digital economy. A general rule in e-commerce is that there is no simple prescription and almost no such thing as an established business or revenue model for companies even within the same industry. Under such conditions, an analytical framework is needed to assist e-commerce planners and strategic managers in assessing the critical success factors when formulating e-commerce business models and strategies. This research develops an analytical framework based on the theories of transaction costs and switching costs. Both demand-side and supply-side economies of scale and scope are also applied to the development of this framework. In addition, e-commerce revenue models and strategies are also discussed. Based...
Words: 6443 - Pages: 26
...were to start an e-business the main thing I would focus on would be functionality of the site and ease to make customers feel comfortable and confident about shopping with my storefront. By this I mean designing a site that gives customers several options for the products they are shopping for; along with that my customers would have access to multiple pictures of every product available, and a detailed description of the item they are interested in. My customers would also be able to compare similar items by their available options and provide a side by side analysis. The main thing for my e-business though would be the superior customer service that is provided to my clients by means of email, live chat, and a customer service hotline if you would prefer to talk to a representative. One of the final details that would make my site superior to others would be a hassle free return policy that even included return shipping for those who need to return their products for any reason. To be able to make this dream come true there are several other factors that I will be discussing throughout this paper as I present my business plan for establishing my storefront. I. E-Commerce Infrastructure Just as brick and mortar companies have an infrastructure to help them succeed in business, so do e-businesses. By having the correct infrastructure in place allows a company to run smooth, must be viewed as part of the overall picture at start up, and evolve as the business expands over time...
Words: 2620 - Pages: 11
...E-commerce and e-business Introduction Pandora offers online radio subscription services. Glaser and Westergren founded Pandora back in 2005. According to Kenneth and Traver (2012), Pandora has over 80 million registered users and continues to add about 600,000 subscribers a week. The firm accounts for over 50% of all online radio listening hours. When I read about Pandora offering a radio service, I first though about news but it wasn’t event the case. It’s all about music from a radio that doesn’t work like the one we always listen to that I will refer to as traditional radios for the purpose of this case study. With Pandora, the users select a genre of music they want to listen to and a computer program determines all of types of music related to along with other artists they might be interested to listen to their music. I will first compare describe Pandora’s original business model as well as its current business model, and then compare the two business models. I will also discuss if Pandora would have been successful if it had started out originally using another business model. I will therefore explain some of the concepts related to the case study such as free revenue and freemium revenue models. I will question the assumption that free revenue models have a predominant place in e-commerce. Pandora’s business models When Pandora was founded, the firm first business model was to offer its users 10 hours of free access as bait and then asking them to...
Words: 651 - Pages: 3
...The following report will seek to explain the difference between E-Business and E-Commerce providing examples where applicable to support the answer. Most if not all companies nowadays have realized that the Internet is not only here to stay but that its influence in the way business is conducted will increase with the passage of time. We have all heard the terms e-business and e-commerce being used quite frequently but what do these terms really mean and what are the differences between the two terms that are being used. E -business and e-commerce are terms that are used to differentiate one vendors' product from another. Both terms are different, and that difference matters for today's companies. The ‘e’ stands for electronic networks and...
Words: 2032 - Pages: 9
...CRM and E-business Fiche de synthèse La Relation clientèle et le E-business Présentation du thème La gestion de la relation client est un système de gestion et de promotion à destination des clients d’une entreprise. Cela consiste pour l’entreprise à charmer et à fidéliser les clients. Depuis que le e-business existe, gérer la relation client relève de la mise en place d’outils informatiques dans le but de planifier et de contrôler au mieux les activités générées par le client. L’avantage de cette gestion client, c’est quelle ce passe aussi bien avant, qu’après la vente. L’attrait de ce système par les entreprises se justifie par la possibilité d’attirer de nouveaux clients et de les fidéliser. Pour cela, des moyens de renforcement sont mis en place, afin d’optimiser au mieux la relation entreprise-client : ← Automatisation de la force de vente : cela consiste à créer des fichiers de prospects afin de pouvoir suivre le client et de le relancer si cela est nécessaire. ← Organisation de support à la clientèle : ce moyen a pour objectif de réceptionner les requêtes des clients par des centres d’appels spécifiques permettant ainsi de mieux suivre les réclamations des clients. ← Gestion des profils clients : il s’agit de prouver au client que nous nous intéressons à lui en lui souhaitant son anniversaire ou en lui proposant des services spécifiques par rapport à des informations recueillies au préalable… De nos jours, la relation client est dites...
Words: 6928 - Pages: 28
...E-Business Paper Julie Prater ACC/340 March 07, 2016 Joyce Williams E-Business Paper Electronic business (e-business) allows businesses to use the Internet to buy and sell merchandise, provide services, and process payments. The ability to shop online offers numerous advantages, limitations, and risks for the average consumer. Traditional brick and mortar establishments have found tremendous growth and sales potential following today’s technological advances. Walmart is an example of a retail chain that has found success and growth potential offering online shopping and services to its consumer. E-Business and Walmart Sam Walton built today’s largest retail chain on one simple strategy: “provide the lowest prices, anytime, anywhere (Walmart, Inc., 2016). Walmart’s first store opened in Rogers, Arkansas in 1962 as a small five and dime retail shop. Walmart became a publicly traded company by the early 1970’s and officially was listed on the New York Stock Exchange. Entering the 1980’s, Walmart’s sales topped $1 billion and computerized point-of-sale systems were installed in stores enabling fast and accurate checkout experiences for its customers (Walmart, Inc., 2016). Walmart launched the largest private satellite communication system in the United States, connecting the company's operations through voice, data and video communication (Walmart, Inc., 2016). In the early 1990’s Walmart entered the...
Words: 1073 - Pages: 5
...global business community would not able conduct business and produce products. In all aspects of business, ethics and morals have to be the foundation but where the rubber hits the road, business etiquette will aid in maintaining high job satisfaction and keep customers coming back. With the vast majority of business operations having a foothold in technology there is a severe need for e-etiquette. What is Driving Technology in Business? In today’s era of business there would be a severe lack of production if the power goes out. With the advancement’s and availability of computer technology in business, there has been a significant shift in the way day-to-day business operations are conducted. The introduction of the computer and data processing capability to the business world transformed the workplace. Unlike the traditional typewriter, the computer brought with it the ability to easily store and correct documents without having unsightly spots of “white-out”. The usage and utilization of computers, computer systems and information technology (IT) applications in every aspect of business is now routine. Wide-ranging means of connecting to and access technologies with computing interfaces expedite communication between employees and with business partners, suppliers, customers, or other stakeholders. With the plethora of software, production tools and networking applications installed in computers, it enables employees in a business to streamline...
Words: 2949 - Pages: 12
...E-business plan An e-business plan for e-bookstore Presented to the professor of E-business Radostina Ruseva By: Anel Nussupbayeva (3.11.2014) Executive summary “Read Business Easy” Company is a start-up which wants to create an e-bookstore for global usage. The e-bookstore will provide people with e-books strictly related to business topics in short period of time. The goal of the company is to acquire a market share in the e-book industry through dominant selection of products, a competitive variety of services and products including the application for electronic devices, suitable prices for chosen segments and friendly environment, good browsing and reading. The RBE Company will have its head office in USA, Massachusetts, Boston. This area was chosen because many colleges and universities make Boston an international center of higher education in business area, and the city is considered to be a world leader in innovation. Boston's economic base also includes finance, professional and business services. Introduction The idea of the current business plan is to create an e-bookstore with specialized books on business topics and provide with e-book students who study business currently or business people who currently are running their own business and sometimes need to refresh the knowledge they got before. Offered Products and Services Read Business Easy will offer a wide range of books on business topics. This includes books on Economics, Finance...
Words: 2044 - Pages: 9
...Linux/Intel Effectiveness For Running E-Business: A Case Study of Oracle E-Business Outsourcing An Oracle White Paper January 2003 Linux/Intel Effectiveness For Running E-Business: A Case Study of Oracle E-Business Outsourcing Executive Overview ............................................................................................. 3 Introduction .......................................................................................................... 3 Why Linux? ........................................................................................................... 4 Price/Performance Measurement of Intel Architecture ................................. 4 UNBREAKABLE LINUX ................................................................................ 4 Architecture for E-Business outsourcing.......................................................... 5 Oracle E-Business Outsourcing Standard Infrastructure .............................. 5 effectiveness of Linux/Intel for outsourcing ................................................... 6 Reliability ............................................................................................................... 7 Reliability Advantages of Oracle E-Business Suite on Linux/Intel and RISC ........................................................................................................................7 Performance .....................................................................................................
Words: 3458 - Pages: 14
