You can use them for inspiration, an insight into a particular topic, a handy source of reference, or even just as a template of a certain type of paper. Cookies Policy, This research paper on The Impact of E-Commerce on Business was written and submitted by your fellow student. Marketing Management. Through this gadget most of people make this medium as a platform to do e-commerce business. Need a custom Research Paper sample written from scratch by The work I provide is guaranteed to be plagiarism free, original, and written from scratch. When the later happen, it is risky for the business since it can loss all its viable data in case it has not backed it up. It is apparent that since the inception of computers and internet, everything particularly on how business is carried out has tremendously changed. With e-commerce, a business will be able to get various group segments directly especially via internet. Similarly, a firm that adopts e-commerce can be provided with an easy and very flexible opportunity to maneuver pricing issues. This will help even small firms to gain competitive advantage and increase their market shares. The next section is the main body tackling the impact of e-commerce to businesses. In a well thought out PowerPoint presentation, discuss the impact of e-commerce and digital technology for small business. The advantage that will be realized as a result of this is reduced cost, increased strategic target marketing as well as facilitated sell add-on goods and services when need arise. IvyPanda. January 14, 2020. https://ivypanda.com/essays/the-impact-of-e-commerce-on-business/. The whole idea centers on buying or transaction via the internet. Of these 200 million users, roughly 40 percent reside in the United States (Styliano, A., Robbins, S. & Jackson, P., 2003). (1997). E-Commerce 2011. New York: The Penguin Press. Impact Of E-Commerce Technologies On Business Practices, The Impact of E-Commerce Strategies on Firm Value: Lessons from Amazon.com, OECD Electronic Commerce Business Impact Project, Strategic Issues and Problems Affecting Starbucks Company, The Impact of E-Commerce Technologies on Business Practices, Electronic Payment Systems for E-commerce, Economics, Information Systems, and Electronic Commerce Strategy. Additionally, there is an economic as well as social impact as a result of the rate at which changes occur. Mass customization and network production can be made possible by adopting e-commerce. Similarly, issue of confidentiality in using e-commerce will be highly compromised. Since the advent of computers, mankind has experienced an unmatched surge in development of new and cutting edge technologies. Sharma, S. & Gupta, J. E-commerce is the process of managing online financial transactions by individuals and companies. for Economic Cooperation & Development. As the company grew, it peaked in 2001 and was hit by controversies including Malcolm Walker being accused of selling the company’s shares and later resigning. From the customer satisfaction and availability of services, online shopping is creating a major impact upon the retail stores. The continuous expansion of electronic commerce can lead to downward pressure on inflation through increased competition. A clear understanding of this legal provision is key in ensuring that any emerging legal issues for instance differing prices advertisement can be handle with clear precedent. On the same note, e-commerce carries with it the advantage of doing business around the clock, 24/7. Firms have rushed to adopt e-commerce the belief that it will help them gain competitive advantages and increase their market shares as well as revenue. E-Commerce – History of E-Commerce Early Development: The history of E-commerce begins with the invention of the telephone at the end of last century. E-commerce has also, Business Skills for E-Commerce The sophisticated of technology in day by day is rapidly arising without us realize. As suggested by Coulter & Vogel, 2004 with the introduction of e-commerce, managers and line supervisors will be faced with very serious ethical issues that need to be addressed in time. under the outcome criteria of understanding, THE SWOT ANALYSIS OF E-COMMERCE January 14, 2020. https://ivypanda.com/essays/the-impact-of-e-commerce-on-business/. The method used to arrive at the conclusion in this paper is through an analysis of secondary data from existing books, journals and internet sources. E-commerce`s prime driver is Internet which presents an hierarchical framework. The reason for this is that customers will be provided with all necessary information regarding products and services available, information on progress on orders placed as well as deliveries. It is also thanks to e-commerce that it has been possible to fill tax return forms on line and submit them on time (Seethamraju, 2006). Therefore, the impact to the whole organization, consumers, current market and legal issues can be very dramatic (Kotler, 2009). This will help the firm to keep track of the required goods and the services, quantity, quality and the time of delivery. E-commerce has been developed by the high Thus businesses need to critically examine the concept of e-commerce and develop better strategies to curb some of its drawbacks. In most cases the products are delivered in at the customers’ door steps. The last section of the paper is the conclusion which entails a … In recent past, there are cases reported where hackers get into businesses data bases and obtain full details of customers (Chaudhury & Jean-Pierre, 2002). Less than ten years old and it already has radically altered the potential to economic activities and the social environment. Since it is everybody’s anticipation that there will be development of further technological innovation, the business might face problems with compatibility of its old and the emerging innovation. Helpful in Globalization:. There is a shift towards using internet as a platform for firms to carryout business. The documentation is about the process of implementing an e-commerce solution for the For an e-commerce website, the costs of storing and referencing a product represent a small fraction of the cost as compared to the cost of storing and referencing a product for "physical" stores. E-commerce is a term describing a new and innovative more efficient way of doing business completely by use of the internet, to conduct trade dealings both on a national and global scale. This in turn will shape how the business strategizes on production. On the other hand, there is need for the business especially if it operates in the United States to carefully evaluate the associated legislations such as the copyright legislation, computer misuse act 1990, trading standards, delta protection act of 1998, freedom of information act of 2002 as well as e-commerce regulation. Today e-commerce has become a prominent trading approach for organisations and businesses alike and has made a considerable impact on society, and the way in which business is carried out on a global scale. They later use these details to steal money from unsuspecting customers. Web. 14 January. IvyPanda, 14 Jan. 2020, ivypanda.com/essays/the-impact-of-e-commerce-on-business/. The E-commerce was introduced on 1970s as a transfer of funds. E-Business and E-Commerce Infrastructure. The database is updated daily, so anyone can easily find a relevant essay example. What’s your deadline? After this, the negative effects are succinctly covered. 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