...Running head: EVOLUTION OF E-COMMERCE Business 70 Student Phil Vu De Anza College Abstract In this class project, I did some research on Evolution of E-Commerce through various sources. I picked different related topics to complete the contents for the research and final paper. Evolution of E-Commerce E-commerce has evolved from online billboards to a fully functional, personalized shopping experience over the past decade. While there were admittedly a few bumps along the road, the path from 1994 through the 2004 holiday shopping season is full of crucial milestones of Internet pioneers and technology innovators. A stroll down memory lane reminds us of terms like "stickiness," "eyeballs" and "personalization" that once captured the essence of articles about what it takes to be successful on the Web. However, even as we look back at 10 years of growth, many analysts have one eye on the future and they are saying, "We've got a long way to go." A quick glimpse at the data promises much more evolution in the years to come. Forrester Research, for example, predicted American firms alone would sell US$316 billion in goods and services via the Web by 2010. That figure would more than double 2004's online spending to account for some 12 percent of all retail sales, up from about 7 percent today. ...
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...Evolution of E-Commerce E-commerce has become one of the most prevalent changes in the way we do business today. Businesses, before the creation of the web, were typically at a physical location where customers could come, browse, try-on, and purchase goods and services. Some of the disadvantages of this business model were: customers restricted by location, the need for larger amounts of inventory, larger retail space, and more employees to cover customer-service. E-commerce began with the advent of the Internet and started as billboards for information and advertisement purposes. Then as technology developed through the early 1980s, it grew into e-mail purchasing (Compuserve). From there, the World Wide Web, internet browsers (Netscape) and the first security protocol (SSL) were invented. These technologies, combined together, allowed for the safe transmission of data over the Internet and many entrepreneurs looked at new ways to take advantage of these technologies to grow and develop the way they did business. In 1994, the first services for processing online credit card sales were developed along with digital IDs and certificates to verify the identity of online businesses. Then by 1995 Amazon was selling their first products on-line and their customers were from all 50 states and over 45 countries breaking down some of the restrictions of a traditional retail store. With the development of Web 2.0, broad-band services and more affordable and easy-to-use e-commerce...
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...MGSC-590, Section 001 Information Systems Development (Topics in E-commerce) Spring 2014 Abbreviated Research Paper 1 Emerging Technologies in the Evolution of E-commerce by Jesse Matthews Submitted February 4, 2015 Management Science Department Darla Moore School of Business University of South Carolina Columbia, SC 29208 Table of Contents Section 1……………………………….. Introduction Page 3 Section 2……………………………….. Analysis Pages 4-7 Section 3……………………………….. Results Pages 4-7 Section 4……………………………….. Conclusions Page 8 Section 5……………………………….. References Page 9 E-commerce is becoming increasingly more popular with each passing day as the technology around us continues to advance. Technology has advanced so rapidly just over the past ten years that basically every business has had to adopt some form of e-commerce just to stay in business. The use of different forms of technology by basically everyone on a day to day basis has greatly increased the importance and benefits of e-commerce as a whole. Companies can use technologies like our smart phones and the internet to reach customers with multiple forms of advertisement, customized to meet each individual customer’s preferences. “Internet technology has changed the supply chain by improving collaboration and efficiency, and adding value to products and firms” (Astuti, 2014). Internet technology has improved the supply chain because it has helped...
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...The Evolution and Development of E-Commerce Market and E-Cash Azamat Nogoev1 Faculty of Business Management and Globalization LimkokwingUniversity of Creative Technology, Cyberjaya, Malaysia Azamat_nogoev@yahoo.co.uk Rashad Yazdanifard2 Faculty of Management,Multimedia University Cyberjaya, Malaysia rashadyazdanifard@yahoo.com Shahriar Mohseni3 Faculty of Management,Multimedia University Cyberjaya, Malaysia shahriar_mohseni@yahoo.com Behrang Samadi4 Faculty of Management,Multimedia University Cyberjaya, Malaysia behrang_samadi@yahoo.com Meera Menon5 Faculty of Design Inovation, LimkokwingUniversity of Creative Technology, Cyberjaya, Malaysia meera@limkokwing.edu.my ABSTRACT Given the impact of the Internet on all aspects of economic life, it can be regarded as a source of emergence of new electronic economy with an extremely rapid growth, creating new opportunities for Industrial and business activity, increase employment opportunities.Robust economic activity on the Internet or by using its capabilities led to the emergence of a new concept- electronic commerce. KEY WORDS Internet, electronic commerce, electronic payment systems. 1. INTRODUCTION Advances in communication technologies within the last decade of the twentieth century paved the way for innovations, promoting rapid globalization. The convergence of telecommunications and computer technology has given birth to a new business organizational system called the internet, presenting a revelation...
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...E-Business The days of driving to a store to purchase something is not the only option. E-business has changed the way people shop on a regular basis. He remembers when he was a child his parents calling the number in the JcPenney’s catalog and explaining what they wanted to order, nowadays it is simple as a couple of clicks. This paper will discuss how e-business and evolved and compare and contrast the differences and limitations between e-business and e-commerce as they relate to supply chain management. He will begin by explaining the evolution of e-business. Evolution of E-Business The idea of e-business did not happen overnight, but once the Internet evolved it opened a new world to the way people shop daily and how businesses operate. People can sit in their living rooms and shop for anything and everything; without ever leaving the comforts of their own home. Businesses have come to the realization that the Internet is a very powerful tool and if they want to reach a new level they must look at evolving into the area of e-business. E-business started with major corporations; Wal-Mart, Sears, Target, and other retailers, but has evolved into some grocery chains offer customers the ability to shop for groceries online and have them delivered to their homes. He and his wife have taken advantage of how e-businesses have evolved. Where they use to stand in lines for Black Friday sales, they sit in their living room and do all the shopping from their computer, receiving...
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...The Evolution of E-Commerce Information E-commerce evolution has allowed companies to go from storing data on paper in physical filing cabinets to digital storage of much more data on servers. Electronic storage and processing has allowed companies to increase both the volume and speed of data storage and processing. Forecasting that used to be done manually with calculators is now rapid and more extensive using spreadsheets and dedicated computer programs. Businesses store data on customer interactions and can access this data quickly. Future evolutionary trends are toward more data stored in the cloud. Internet The Internet has become a key e-commerce technology. Evolving from a military and educational network to a commercial Internet in the early 1990s, the basis of websites and e-commerce was set with the development of the browser Netscape in 1994, and the founding of Amazon and eBay in 1995. The largest companies all have an Internet presence, and many offer goods and services for sale on their websites. As the Internet continues to evolve, even small businesses that don't have their own websites will develop them. With mobile devices generating more Internet traffic, websites have become increasingly mobile-friendly, with dedicated mobile apps allowing smartphones and tablets to access information. Communication New electronic technologies have transformed communications in business. E-commerce evolved from pre-electronic paper mail, wire transmissions, and teletype...
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...about to analysis is called “Facebook: The New Face of E-Commerce?” Mark Zuckerberg, 23, founded Facebook while studying psychology at Harvard University. A keen computer programmer, Mr. Zuckerberg had already developed a number of social-networking websites for fellow students, including Course match, which allowed users to view people taking their degree, and Face mash, where you could rate people's attractiveness. In February 2004 Mr. Zuckerberg launched "The facebook", as it was originally known; the name taken from the sheets of paper distributed to freshmen, profiling students and staff. Within 24 hours, 1,200 Harvard students had signed up, and after one month, over half of the undergraduate population had a profile. One of the main trends in 2012 social networks will be the rise of F-commerce or e-commerce through Facebook. Thus, this network becomes the only way, apart from the traditional online store on a web page, for a company to sell their products directly online without intermediates. The purpose of this paper is to discuss the Facebook as the new face of e-Commerce. In the last seven years, facebook has shown a tremendous ecommerce gateway trends. It is worth $5,257 million in the year 2009 having a customer base of 800 million, and 3000 employees across the globe. One of the most ambitious projects of the Facebook social network in last year was the birth and evolution of the F-Commerce, i.e. e-commerce on Facebook. I hope you enjoyed the brief information...
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...Vision, sure. Strategy, yes. But when you go to war, you need to have both toilet paper and bullets at the right place at the right time. In other words, you must win through superior logistics.” - Tom Peters The word logistics was used in warfare where logistics became a pivotal technique to win the game. In that case most of the military logistics literatures of early periods were delivered the tactics and insights to work in complex environments (McGinnis, 1992) where the flow of material and information become vital. This basic phenomenon was integrated into the business and currently logistics acts as a central and essential feature of all economic activities (Christopher, 1986). The importance of logistics can be understood by its evolution. Earlier, flow of material was under different and fragmented activities such as purchasing, warehousing, transportation and etc. Then it became material and distribution management, and thereafter it has moved towards linking it to integrated logistics (Ballou, 2007). All these integrations to intent and purposes were to reduce costs incurred through logistics activities as logistics costs were seemed to be higher than any other cost of business activities. As an example, national level logistics cost of UK was accounted for 16 percentage of sales (Murphy, 1972). So that, organizations considered much on cost cuttings through effective logistics. But with the time, the scope of logistics has been expanded massively, and now it is a part...
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...THE DISTRIBUTION ON THE WEB The web distribution commonly known as e-commerce or e-comm, is the buying and selling of products or services over electronic systems such as the Internet and other computer networks. Electronic commerce draws on such technologies as electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at one point in the transaction's life-cycle, although it may encompass a wider range of technologies such as e-mail, mobile devices and telephones as well. The beginnings and development of electronic commerce are intimately linked with the evolution and spread of the Internet. For nearly a decade, the Internet sector recorded impressive growth figures but it is interesting to return to the beginning of e-commerce. Initially, the lack of central authority able to define rules and sanction let fear some form of anarchy on the Internet and greatly hindered the development of commercial activities on the network. It was formed, almost naturally, a sort of code of conduct which has long regulated the behavior of the network. Using the network for commercial purposes has long been rejected on these behaviors. There are also other factors explaining a delay in the arrival of e-commerce. Indeed, the main language in the beginning of the Internet was almost...
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...The Evolution of Amazon The Evolution of Amazon Learning Team A BIS/219 April 14. 2011 David Avery Jr. The Evolution of Amazon The online company Amazon.com is revered for its creation of the first online bookstore. However, Amazon is also a pioneer in the implementation of information technology platforms that have helped it become a billion dollar global sales generator. When Amazon founder, Jeff Bezos, shipped the first online book order from his garage in Seattle, Washington in 1996, the concept of shopping from home via the internet was in its infancy. By 1999, Time magazine honored Jeff Bezos with the coveted Person of the Year award for making online shopping a part of mainstream society. Amazon.com employs 14,000 employees worldwide, operates out of seven different countries, possesses four IT patents and is still at the forefront of creating and utilizing IT platforms to improve, expand and revamp the data management and e-commerce processes. Amazon .com practically invented online shopping and e- business in much the same way that Wal-Mart did in the creation of the superstore. Although brick and mortar stores like Wal-Mart and Target generated huge profits from selling consumer goods, Amazon.com introduced to the retail giants a new venue to increase those profits. When sales appeared to slip. Amazon quickly regrouped and reinvented itself as an innovator in data storage, multi level e-commerce and a leader in information technology development. Competition...
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...Amazon Evolution Amazon.com was founded by Jeffrey P. Bezos in July 1995 with the online sale of a single book. By 1998, Bezos had expanded the company's selection of titles to more than 3.1 million. He also implemented personal greets and additional title recommendations to online shoppers. Soon Amazon was selling CD's, videos, electronic games, toys, and more. Criticism intensified. Analysts said Amazon was selling too many items, and it would eventually fail. Many new strategies have evolved Amazon into "a sort of Windows for e-commerce, allowing Web developers to sync up with Amazon's e-commerce software much more intimately" (Hof, 2011). Amazon's infrastructure is now available on the open market. They provide services that help online companies run the technical and logistic parts of the company more effectively; the Simple Storage Service (S3), the Elastic Compute Cloud (EC2), and the Mechanical Turk. Wiley.com explains that for a monthly fee businesses use S3 to store data and applications on Amazon disk drives, and rent processing power by the hour. The Mechanical Turk combines processing power with networks of real people who are paid to do the kind of work that machines cannot do well, such as recognizing inappropriate content and transcribing audio (Wiley, unk.) These services have improved Amazon's productivity and allowed the company to remain competitive with major e-commerce giants such as Google, Microsoft, and E-bay. The complexity of Amazon's...
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...Week 1: Information Systems in the Digital Firm - Lecture Print This Page Information Systems in the Digital Firm Evolution | Current State | Trends | Tutorial The Evolution, Current State, and Trends of Information Systems In addition to the material currently described, an introduction to cloud computing and user involvement in IT projects also will be included in this lecture. This is required as foundational knowledge for the chapters to come. We will explore it at a business level and a minimal technical level. Evolution The business landscape has changed over the past seventy years in every significant way. Without information systems, these changes would not have occurred. To gain a perspective on the evolution of information systems, we can review the significant computer inventions from the first computer through to cloud computing. As computer technology progressed, new skills had to be learned, and new methods of management evolved to replace old hierarchical styles with new team based methods. Increased productivity resulting in new information technology caused the downsizing of employees that began in the late 1980s and has continued. Information systems consultants identified productivity gains, so large that they cut the numbers in half and still weren't believed. Many of the products and services we use every day had not been invented just five or ten years ago. The ability to communicate electronically with anyone anywhere in the...
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...utilize the benefits of the internet and e-commerce to continue to grow their businesses. This is persuaded by the explanation of the continuous evolution of today’s society and how it is becoming more digital and mobile. The emergence of e-commerce and now e-tail has transformed the world of business and begun to make the world of buying products more convenient for customers. It is imperative that businesses begin to utilize the internet with this evolution and the benefits that come with it such as social media marketing, lower costs for the business, and other convenient benefits for the customer and owner alike. There have already been companies that have been able to succeed using the internet such as Karmaloop and Netflix. Although it is being shown that many companies are flourishing using the internet there are still some businesses that are not yet on board with this movement, which they need to soon reconsider. This paper will be used to persuade these business owners to begin to use the internet in order to help their businesses continue throughout the continuous evolution of our society. In today’s society everything has become digital. People all around the world are using cellphones, laptops, tablets, and all kinds of other new innovative technology. One of the main things that people do with these devices is shop for other products that they may want or need. This is called e-commerce. With e-commerce becoming so popular many small businesses...
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...E-business (Electronic Business), derived from such terms as ‘e-mail’, ‘e-commerce’, is the conduct of business on the internet, not only buying and selling but also servicing customers and collaborating with business partners. History of ecommerce dates back to the invention of the very old notion of "sell and buy", electricity, cables, computers, modems, and the Internet. Ecommerce became possible in 1991 when the Internet was opened to commercial use. Since that date thousands of businesses have taken up residence at web sites. At first, the term ecommerce meant the process of execution of commercial transactions electronically with the help of the leading technologies such as Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT) which gave an opportunity for users to exchange business information and do electronic transactions. The ability to use these technologies appeared in the late 1970s and allowed business companies and organizations to send commercial documentation electronically. Although the Internet began to advance in popularity among the general public in 1994, it took approximately four years to develop the security protocols (for example, HTTP) and DSL which allowed rapid access and a persistent connection to the Internet. In 2000 a great number of business companies in the United States and Western Europe represented their services in the World Wide Web. At this time the meaning of the word ecommerce was changed. People began to define...
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...Challenges of E-Commerce MKT552 The Challenges of E-Commerce Today’s business managers face many challenges when migrating a traditional ‘brick and mortar’ company to that which is now known as the evolutionary ‘click and mortar’ business model – that is, a business that operates in the Internet market space. To stand boldly in the face of challenges presented by the networked economy, firms must develop competencies that enable not only high performance market interactivity and adaptive, intuitive customer engagement platforms, but also contribute to the development of sound business strategies that ensure a firm’s competitiveness in the vast web-based business environment. Considering this, important factors such as copyright infringement, regulatory compliance, and policy and procedure guidelines must be considered in order to ensure safe business practices while endorsing and protecting a company’s brand, reputation, and intellectual property. This paper serves to identify the primary challenges posed by e-commerce landscapes, while profiling the characteristics of the four infrastructures most commonly found in web-based business models. Furthermore, this paper also discusses the ways that managers can optimize their business strategies to gain competitive advantage by employing the opportunities provided by the Internet market space. Overview of e-Commerce Business Models Today’s networked economy presents a variety of business challenges that are unique to e-commerce...
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