...E-COMMERCE IN SECURITY MARKET (Source: Most of the Data & charts from NSE website) A) ABOUT E-COMMERCE World Trade Organisation (WTO) defines E-Commerce as “the production, distribution, marketing, sale or delivery of goods and services by electronic means”. The strategic benefit of making a business ‘e-commerce enabled’, is that it helps reduce the delivery time, labour cost and the cost incurred in the following areas: ➢ Document preparation ➢ Error detection and correction ➢ Reconciliation ➢ Mail preparation ➢ Telephone calling ➢ Data entry ➢ Overtime ➢ Supervision expenses Further, it enables - ➢ Easy reach to a fast growing online community ➢ Unlimited shelf place for products and services ➢ Fuse the global geographical and time zone boundaries ➢ Reach national and global markets at low operating costs The sudden spurt in growth of e-commerce in India is felt due to the following favourable factors: ➢ Rapidly increasing Internet user base ➢ Technology advancements such as VOIP (Voice-over-IP) have bridged the gap between buyers and sellers online ➢ The emergence of blogs as an avenue for information dissemination and two-way communication for online retailers and E-Commerce vendors ➢ Improved fraud prevention technologies that offer a safe and secure business environment and help prevent credit card frauds, identity thefts and phishing ➢ Longer reach - Consumers in the Tier II & Tier III cities...
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...tMARKET RESEARCH REPORT E-Commerce In the Middle East Contents Introduction .......................................................................................................................... 3 E-Commerce Market Trends ................................................................................................. 3 Online buying habits: ........................................................................................................... 7 Demographics of Online buyers: ........................................................................................... 9 Challenges for e-commerce implementation ........................................................................ 11 Group buying players of Middle East .................................................................................. 13 Online Payment gateways in Middle East............................................................................ 15 Confidential Page | 2 Introduction Electronic commerce, or E-Commerce, involves the sale of goods and services via electronic means—principally over the internet, although sales via television (terrestrial, cable, and satellite) are also included. E-Commerce can be further divided into the following sectors: business-to-business (B2B), business-to-government (B2G), consumer-to-consumer (C2C), government-to-business (G2B), government-to-citizen (G2C), and business-to-consumer (B2C). Retailers that rely primarily on E-Commerce to sell goods or services...
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...Market Entry Strategies for Entering E-Commerce Business in China May 18th 2014 Table of Contents 1 Introduction 1 2 Market overview 1 3 Market analysis 2 3.1 Approach using Porter’s Five Forces 2 3.2 Approach using SWOT analysis 2 4 Failed market entrants 3 5 Successful market entrants 3 5.1 Leveraging local platforms 3 5.2 Buying stakes in local businesses 4 5.3 The case of Amazon 4 6 Key success factors 4 6.1 Understanding the market 5 6.2 Differentiation 5 6.3 Social Media 5 6.4 Payments 5 6.5 Logistics 5 7 Conclusion 5 8 Bibliography 6 Introduction This paper covers challenges and strategies in entering the e-commerce business in China from a Western point of view. The focus thereby is on companies doing classical business-to-consumer (B2C) business and that are established players in their home market. Market overview According to market analysis (ref 1-2-3) the e-commerce market in China surpassed the U.S. one in 2013, reaching almost 300bn USD in turnover while U.S. reached just little above 250bn USD. Not only the size is impressive but also the growth rate, which has been around 70% in China since 2009 compared to 13% in the U.S. (see Figure 1). The online part of the retail sector is around 7% whereas Western countries report from 2% to 6% according to (Hoffmann & Lannes, 2013). In addition, more than 50% of all transactions are carried out via mobile devices. Finally, it is important to mention...
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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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...1. Executive Summary Selling online can help your business reach new markets and increase your sales and revenue gains. Those who are interested in selling to other businesses, can use the Internet to find sales leads, announce calls for tender, and to offer products for sale. Searching for products and services online can save time and money by allowing to find the best prices without having to do all the legwork. You can use the Internet to find new suppliers, post buying requests or search for products and services. The benefits of effective B2B e-commerce include lower costs associated with selecting suppliers, establishing prices, ordering, and finalizing transactions. Online trading networks can also be used to support efficient information exchange between buyers and sellers. 2. Business description Mission —The mission of Budget Cars will be to buy and sell a desirable mix of quality used cars, trucks, and vans, and to create a friendly atmosphere where Budget Cars will be known for being your family used car center. 3. Industry analysis Immediately following World War II, there were roughly nine buyers for every new car produced. Sales personnel merely had to find out who could afford a new car. "Afford" was defined as paying cash. This condition existed until the early 1950s when supply began to discover that some new terms were creeping into the retail salesperson's vocabulary. Words like "overallowance," "discount," "deal," and "terms." The...
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...Easy Lasagna Recipe Ingredients * 1 lb lasagna, soaked in water * 1 cup romano cheese * 1 1/2 cups mozarella cheese Meat Sauce: * 1 1/2 lb ground beef * 3 tablespoons extra virgin olive oil * 1 cup celery heart, minced * 3/4 cups onions, minced * 1/8 cup fresh basil, chopped * 28 ounces crushed tomato * 1 teaspoon salt Bechamel Sauce: * 1/4 cup butter * 3 cups milk * 5 tablespoons all purpose flour * 1/2 teaspon salt * 1/4 teaspoon nutmeg Watch the cooking video: Cooking Procedure 1. Make the meat sauce by heating a cooking pot then pour-in cooking oil. 2. Saute onions and celery. 3. Put-in the ground beef and cook for 5 to 8 minutes. 4. Add the basil and crushed tomatoes then stir. Cook for 10 to 12 minutes. 5. Sprinkle salt and stir. Cook for 2 minutes then set aside. 6. Make the bechamel sauce by heating a clean cooking pot then put-in butter and allow to melt. 7. Gradually add-in flour while stirring. 8. Pour in milk then stir continously. 9. Add ground nutmeg and salt then stir. 10. Continue cooking while stirring until texture becomes thick. 11. Arrange soaked lasagna in a baking pan. 12. Alternately top the lasagna with meat sauce, bechamel sauce, romano cheese, and parmesan cheese. 13. Create another layer by arranging a new set of lasagna and other ingredients on top. Note: feel free to add layers as desired. 14. Preheat oven to 375 degrees Fahrenheit...
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...businesses that fail to invest in e-commerce will lose market share to competitors that do invest? (40 marks) In this essay I will be discussing the extent to which businesses that do not invest in e-commerce lose market share to competitors that do invest. E-commerce is the trading of business online rather than through physical stores. There are several businesses that trade solely online. For example ASOS, whereas most businesses trade online as well as owning physical stores, these include Topshop, Next, etc. I will use these businesses to discuss to what extent is it inevitable that businesses that fail to invest in e-commerce will lose market share to competitors. One reason why it is inevitable that businesses that do not invest in e-commerce will lose market share to competitors that do invest in e-commerce is because of the improvement in technology. Several years ago when the Internet didn’t exist or when it was very limited, in order to succeed businesses had to own physical shops, as they were the only way of selling their produce. However, nowadays everyone has the Internet, therefore it is not always necessary for a business to own physical shops as customer can purchase items using their computers, which is much quicker and easier than searching through the shops, the Internet also opens up their target audience, allowing them to target a variety of ages. Therefore if a business does not invest in e-commerce then they will lose market share because customers would...
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...To what extent is an e-commerce strategy the best way for businesses to increase their profits? (40 marks) E-commerce is the online transaction of goods and services, which has completely revolutionized business and the way in which businesses can operate. It’s now easier for customers to compare prices/products with a little time spent browsing the Internet opposed to dragging themselves to the stores. This means that e-commerce is having an impact on what and how much businesses sell, therefore influencing the profits the business gets. In this essay I will consider whether an e-commerce strategy is the best way for a business to increase their profits, or whether e-commerce is not the best strategy to do this. I will be arguing that with the use of e-commerce businesses have more reach to customers and can provide more options to increase their profits. Alternatively I will also talk about how e-commerce may not work for all business plans/strategies, therefore increasing the risk of loss. Introducing an e-commerce strategy allows the business to increase its customer reach, creating a larger customer base, as e-commerce is accessible to anyone who can use the Internet. E-commerce also creates an ease of use/purchase for customers, which means they do not have to go the physical stores, saving money and time. The combination of ease of use/purchase and larger customer reach results in the ability for companies to increase sales, and so this would lead to higher revenues...
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...E-COMMERCE By Name A Paper Presented in Partial Fulfillment Of the Requirements of INFS-732: Electronic Commerce Abstract The purpose of this paper is to provide descriptive evidence supporting Kenneth C. Laudon and Carol Guercio Traver’s concept that e-commerce is a relationship between business, technology, and society. This paper will also examine the idea that e-commerce is creating new markets in three distinct areas: where prices are transparent, markets are global, and trading is highly efficient. The findings analyzed in this paper will assist in determining whether these concepts are pushing the markets or if the markets are pulling these concepts. TABLE OF CONTENTS Abstract ii TABLE OF CONTENTS iii INTRODUCTION 1 types of e-commerce 1 concept of e-commerce 1 e-commerce MARKETS 1 CONCLUSION 3 References 3 INTRODUCTION In their book titled E-Commerce: Business, Technology, Society, Kenneth C. Laudon and Carol Guercio Traver define e-commerce as “the use of the Internet and the Web to transact business. More formally, digitally enabled commercial transactions between and among organizations and individuals.” There are many benefits to an e-commerce enabled business, and EcommerceEducation.com lists some of the more distinct advantages as the following: * Business happens without regard to time and distance * Allows sellers to reach buyers around the world * Lower total cost per sale for the seller * Better purchasing decisions...
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...Define e-commerce and describe how it differs from e-business. Identify and describe the unique features of e-commerce technology and discuss their business significance. Recognize and describe Web 2.0 applications. Describe the major types of e-commerce. Discuss the origins and growth of e-commerce. Explain the evolution of e-commerce from its early years to today. Identify the factors that will define the future of e-commerce. Describe the major themes underlying the study of e-commerce. Identify the major academic disciplines contributing to e-commerce. Key Terms e-commerce, p. 12 e-business, p. 13 information asymmetry, p. 14 marketplace, p. 16 ubiquity, p. 16 marketspace, p. 16 reach, p. 16 universal standards, p.16 richness, p. 17 interactivity, p. 17 information density, p. 17 personalization, p. 18 customization, p. 18 Web 2.0, p. 19 business-to-consumer (B2C) e-commerce, p. 22 business-to-business (B2B) e-commerce, p. 22 consumer-to-consumer (C2C) e-commerce, p. 22 social e-commerce, p. 22 mobile e-commerce (m-commerce), p. 23 local e-commerce, p. 23 Internet, p. 23 World Wide Web (the Web), p. 24 disintermediation, p. 32 friction-free commerce, p. 33 first mover, p. 33 network effect, p. 33 Copyright © 2013 Pearson Education, Inc. 2 Brief Chapter Outline Opening Case: Pinterest: A Picture Is Worth a Thousand Words 1.1 E-commerce: The Revolution Is Just Beginning The First Thirty Seconds What Is E-commerce? The Difference between E-commerce and...
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...E-commerce The usage of networks by an individual or a company in order to promote or sell the product or service the individual or the company is producing or trading is defined as Electronic Commerce or E-commerce. The concept of E-commerce is to perform business via networks and internet. E-commerce includes mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. World Wide Web and Electronic Mail (E-Mail) is used for the transactions in modern electronic commerce. Importance of E-commerce From the business point of view E-commerce can be cost effective. But it makes trading much more easy. It provides better connectivity for potential customers as the websites of the company can be accessed from anywhere in the world. This way more potential customers can get in touch with company's business. With the help of E-commerce customers can now browse through the whole catalog of a company without any hassle, they can also compare products and on top of that they can do it from their home or from work. E-commerce has opened up various windows and opportunities for the companies to reach to its potential customers easily. Eventually it will become a major marketing plan for all the companies in order to survive and compete in the ever changing market. E-commerce in Bangladesh Bangladesh is developing country...
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...Interaction June 15 - 18, 2008; Bled, Slovenia Value Creation in B2B E-Markets of China: A Practical Perspective Jing Zhao a, , Shan Wang b and Wilfred V Huang c a Center for International Cooperation in E-Business, College of Management China University of Geosciences, Wuhan 430074, P.R.China zhao5563@gmail.com b Department of Management Science, School of Business, Renmin University, 59 Zhong Guan Cun Avenue, Haidian District, Beijing 100872, P.R. China wangs7@gmail.com c College of Business, Alfred University, Alfred, NY 14802, U.S.A. fhuang@alfred.edu Abstract In China, the development of e-market has unique characteristics in the transactional processes and market mechanisms, which relate largely to the current industry structure, financial infrastructure and organization structure. This paper seeks to develop a conceptual model of B2B e-market value creation strategy, and can also be used to highlight the complexity of such activities for Chinese B2B e-markets. A process-oriented approach to modelling the value of e-market, rather than strategic position theory or a simple descriptive approach, is found to be more suitable and has been selected. The model consists of two dimensions: the e-commerce process and the controlling complexity. We apply the model in an actual Chinese B2B e-market (Alibaba.com). The crucial value creation activities and strategies in the four phases of e-commerce process are identified, and the controlling complexity of these activities...
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...TYPES OF E-COMMERCE There are a variety of different types of e-commerce and many different ways to characterize these types. Table 1.3 lists the five major types of e-commerce discussed in this book.1 For the most part, we distinguish different types of e-commerce by the nature of the market relationship—who is selling to whom. The exceptions are P2P and m-commerce, which are technology-based distinctions. Business-to-Consumer (B2C) E-commerce The most commonly discussed type of e-commerce is Business-to-Consumer (B2C) e-commerce, in which online businesses attempt to reach individual consumers. Even though B2C is comparatively small ($140–$170 billion in 2005), it has grown exponentially since 1995, and is the type of e-commerce that most consumers are likely to encounter. Within the B2C category, there are many different types of business models. Chapter 2 has a detailed discussion of seven different B2C business mod- E - c o m m e r c e : T h e R e v o l u t i o n I s J u s t B e g i n n i n g 17 TABLE 1.3 MAJOR TYPES OF E-COMMERCE T Y P E O F E - C O M M E R C E E X A M P L E B2C—Business-to-Consumer Amazon.com is a general merchandiser that sells consumer products to retail consumers. B2B—Business-to-Business ChemConnect.com is a chemical industry exchange that creates an electronic market for chemical producers and users. C2C—Consumer-to-Consumer eBay.com creates a marketspace where consumers can auction or sell goods directly to other consumers...
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...Development of an E-Commerce Website for ABC Corporation Tammy Semelsberger Managerial Applications of Information Technology – IS535 DeVry University, Keller Graduate School of Management August 18, 2012 Table of Contents Abstract 3 Company Background 3 Business Problems 4 High-Level Solution 5 Benefits of Solving the Problem 6 Business/Technical Approach 7 Business Process Changes 7 Technology / Business Practices Used to Augment Solutions 9 Conclusions and Overall Recommendations 10 High-level Implementation Plan 10 Summary 11 Summary of Recommendations 11 References 13 Development of an E-Commerce Website for ABC Corporation Abstract ABC Corporation (ABC) is a clothing store in Chicago, IL. They are a local store that needs to increase profitability and competitiveness. Designing a custom e-commerce online store on their current website, that is tailored to ABC’s goals and customer needs, is key in attracting and maintaining a customer base, and increasing profitability. The business problem to be solved is how to implement, market, and maintain a successful e-commerce site while building customer loyalty, increasing profitability, improving strategic planning, and expanding the market. ABC will use an outside source to develop, produce and maintain this store. There will be reporting systems in place to analyze data...
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...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 whether or...
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