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-business benefits little to the consumer in such cases. Kotler, P. (2009). Electronic Commerce: A Manager’s Guide. Additionally, the business can benefit by using the whole idea as an alternative source of income. This is IvyPanda's free database of academic paper samples. discuss the impact of e-commerce and digital technology for small business. E-Commerce has a chance to be widely adopted due to its simple applications. There is a shift towards using internet as a platform for firms to carryout business. Using internet to carryout business has been deemed to be the most current innovation in the world of business and offers an opportunity to businesses to carryout business through electronics. The paper begins with the positive contribution of the technology. 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). Web. For instance there is concern about increase in crime rates that are not easily detected, the real time production of goods and services have and will continue to create stock crisis, there is potential of loss of resources as well as underutilization of the same (people will lose jobs and rates of disposed equipment will increase), unavailability of power, ICT manpower, telecommunication facilities leaves some communities especially in third world countries at a disadvantage, social division and broken human interaction that creates and nurture trust. What this will imply is that there will be instances where sharing of information is hindered which will call for installation of entirely new system which will have huge financial implication to the business (Eisingerich & Kretschmer, 2008). This will be brought about due to the multiple roles played by e-commerce (advertising and publicizing) (Bonnett, 2000). 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. Additionally, information gathered online concerning the desires of customers will aid the firm to be in contact with demand and supply curve hence always striving to stay competitive. There is also need to adhere to international laws and regulations concerning usage of e-commerce (Miller, 2002). As a result of trying to meet these demands and needs, there will be room for the firm to develop new products to cope up with ever tightening competition in the business environment. [E-commerce enables organizational change and helps organizations to conduct business with improved efficiencies and productivity. Impact Of E Commerce On Business Essay The Impact And Future Of E-Commerce And Its Impact On Business. Pets.com, Inc.: Assessing financial performance and risks in the e-commerce industry. It is also a fact that surfing the internet is an interesting as well as time consuming, there is a possibility of an employee to surf during work time which can jeopardize the efforts of adopting the innovation (Mellahi & Johnson, 2000). What’s your deadline? The next section is the main body tackling the impact of e-commerce to businesses. Of these 200 million users, roughly 40 percent reside in the United States (Styliano, A., Robbins, S. & Jackson, P., 2003). E-commerce has also, Business Skills for E-Commerce The implications of this is that more revenue will be generated and at the same time widening customer base. Through this gadget most of people make this medium as a platform to do e-commerce business. Nissanoff, D. (2006). January 14, 2020. https://ivypanda.com/essays/the-impact-of-e-commerce-on-business/. It has been shown that in traditional environment of doing business, it was difficult and cumbersome for a new entrant or a small firm to conquer other geographical locations. This includes business-to-business (B2B), business-to-consumer (B2C) and business-to-government (B2G) transactions. The electronic and social impact of e-commerce. After this, the negative effects are succinctly covered. 3. Future Shop: How the New Auction Culture Will Revolutionize the Way We Buy, Sell and Get the Things We Really Want. Using internet to carryout business has been deemed to be the most current innovation in the world of business and offers an opportunity to businesses to carryout business through electronics. The sophisticated of technology in day by day is rapidly arising without us realize. It is also a fact that most customers’ critic some business concerning the products and services it offers. January 14, 2020. https://ivypanda.com/essays/the-impact-of-e-commerce-on-business/. It reduces transaction costs; allocates recourses better; increases economies of scale; improves the competitiveness of business in general; increases efficiency; generates important changes in the management and production processes of business. This has come with low investment level but in turn high return. professional specifically for you? Role of eCommerce in Business. Introduction The primary way in which E-commerce will affect the economy is its impact on productivity and inflation. It is human nature to interact while doing business; this usually fosters the concept of building customer trust. Group Assignment There are nearly 200 million Internet users worldwide currently. The focus of e-commerce is on the systems & procedures whereby financial documents and information of all types are exchanged. Mass customization and network production can be made possible by adopting e-commerce. As a result, this will call for the firm adopting this kind of technology to set aside funds that will be used to educate potential and willing consumers so that they become confident in using e-commerce. The quality of my essay was worth the money I had paid. It is apparent that since the inception of computers and internet, everything particularly on how business is carried out has tremendously changed. Impact of Technology in Business – E-Commerce Since the introduction of the Internet in the 1950’s, development of technology began for use by the military until it was soon introduced to the public for commercial and private use. Examining the e-commerce important question is what impact ICT and the Internet have had on the productivity growth. Sharma, S. & Gupta, J. Pearson: Prentice-Hall. Small and medium-sized enterprises, Electronic commerce (e-commerce) over the Internet is the fastest growing method for consumers to conduct business. They later use these details to steal money from unsuspecting customers. The problem statement is also clearly written down together with the objectives of the entire work. E-commerce technologies have provided opportunities for business growth but have also presented the business world with many challenges (Nissanoff, 2006). 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. Similarly, with advancement in technology, there are those who after acquiring the full details of customers, hack their bank accounts and transfer money to unknown accounts (Eisingerich & Kretschmer, 2008). Firms have rushed to adopt e-commerce which entails making transaction online with the belief that it will help them gain competitive advantages and increase their market shares as well as revenue. The influence of e-commerce is undeniable and unreversable especially on retail trade. We use cookies to give you the best experience possible. P2.1- Analyse the impact, including the risks, of introducing an e-Commerce system to an organisation ANS E-COMMERCE : e-commerce is a way for any size of organisation to do business over internet, selling products or services , taking payment and providing customer support which have positive impacts on organisation and as well as have some risk to organisation and customer of organisation … This process of buying and selling online is referred to as e-commerce. 14 January. The impact that e-commerce has had on how an operations manager address a situation can vary from extreme to barely noticeable. After this, the negative effects are succinctly covered. It is evident that e-commerce help firm cut the costs of doing business, for instance there will be less paper work which requires human resource, a flexible or telework arrangement can be put in place making working execute their tasks, duties and responsibilities not necessarily in the office among other advantages. Lacks physical proximity. Seethamraju, R. (2006). The E-commerce in immediately Prepared by: Liuyingzi Wang Student Number: U1455550 Course Code and Course: BHO0171-1415(1415-E-commerce) E-commerce is the modern business activities that through computer technology, network technology, and telecommunications technology to help trading. E-business also can be linked to the evolution of supply chain management that at around the same time IBM was incorporating e-business through the initial use of e-commerce, supply chain management was also developing and becoming a manner in which to manage supply chains effectively. It is worth mentioning that there are a group of people who will resist doing business through this kind of platform and will prefer doing business the traditional way. The Impact Of E-Business On Organization Essay Impact of E-Business on Organization Electronic business is utilization of information and communication technologies so as to support the business activities. Here the complaining party can gain full understanding of the issue at hand which cannot be attained through online communication particularly when the other party is agitated (Laudon & Traver, 2010). Additionally, there is an economic as well as social impact as a result of the rate at which changes occur. (Sharma & Gupta, 2003, p. 655). One notable issue is what a firm will do with those employees for instance who work on business paperwork’s now that most of the things have been automated. We utilize security vendors that protect and ensure the integrity of our platform while keeping your private information safe. On the same note there are organization such as Amazon.com among other that have adopted this technology in ensuring that delivery of placed order is quick hence reaching customers on time. Using internet to carryout business has been deemed to be the most current innovation in the world of business and offers an opportunity to businesses to carryout business through electronics. The paper begins with the positive contribution of the technology. After identifying the circumstantial, organization’s core business functions have assesses Failure to give this concept a serious thought might be a recipe for an organization to fail. A physical touch and smell of a product influence a person’s decision to buy it. The E-commerce was introduced on 1970s as a transfer of funds. Understand the impact of e-Commerce on business According to Kalakota & Whinston, 1997 these include increase crime rates that are not easily detected, the real time production of goods and services have and will continue to create stock crisis, there is potential of loss of resources as well as underutilization of the same (people will lose jobs and rates of disposed equipment will increase), unavailability of power, ICT manpower, telecommunication facilities leaves some communities especially in third world countries at a disadvantage, social division and broken human interaction that creates and nurture trust. Having in mind that changes are always part of human life, advent of new technology will always present a challenge to the business. Many people nowadays are excited to explore the application was provided into gadget such as mobile smartphone, tablet, Ipad, etc. (2003). In E-Commerce, More is More. Be able to manage an e-Commerce strategy IMPACT OF E-COMMERCE ON BUSINESS Name Institution Task 1: 1.1.1 Introduction In the UK, the retail industry is very competitive and every company is looking for a competitive edge over the other. This in itself is a competitive advantage. Impact of e commerce in Business Strategy. 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. Adverse effects of e-commerce. 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. Coulter, J. The strength of this migration cannot be ignored since some of the success stories of organizations as well as retail businesses have been attributed to the digital migration towards e-commerce (Hoover, 2009). The advantages of this working scenario not only include convenience but also offer a conducive environment to take part in activities that aid in generating revenue. However, one sure way some of the retail shops have been able to break off is through migration to e-commerce and turning their stores into e-business hubs. Iceland Food Ltd Advancement in technology has reshaped and revamped the way business is being done. It is worth noting from the onset that just like any other business and for that matter a normal concept, there are both benefits and draw backs associated with introduction of e-commerce to any business organization. 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. Be able to plan an e-Commerce strategy E-commerce technologies have helped nations to accelerate their economic growth and to provide more opportunities for the businesses to grow. for Economic Cooperation & Development. 1. IvyPanda. Over the years, E-commerce (Electronic Commerce) has brought lot of changes in the business world. At that time, they specialized in loose frozen foods and made huge profits making it thus opening several stores across England. E-commerce has the potential of making a firm cut itself an edge and stay competitive even during economic hard times, as it can learn and promote its image to different market segment depending with their needs, thus promoting market expansion and consequently, high sales volume. E-commerce has provided not only a quick way to exchange products and services, but also provided the most efficient and convenient way of accomplishing the transactions involved in this trade (Syed and Raisinghani 13). After capturing a global market, a firm can parcel out some production processes to other firms that offer goods and services similar to it. E-commerce has a significant impact on business costs and productivity. Similarly the paper will give recommendations to businesses that desire to adopt e-commerce. This will help even small firms to gain competitive advantage and increase their market shares. Less than ten years old and it already has radically altered the potential to economic activities and the social environment. Helpful in Globalization:. The main way in which e commerce will affect the economy, in general, is its impact on productivity and inflation. 2020. E-commerce`s prime driver is Internet which presents an hierarchical framework. It is worth noting that failure to follow a number of government provisions might land businesses which have adopted e-commerce into serious legal battles (Chaudhury & Jean-Pierre, 2002). As noted previously, there is need to have this information in the public domain so that organizations are not misled that adopting e-commerce is a bed of roses. Unfortunately, your browser is too old to work on this site. E-commerce has been simply defined as a use of electronic range of networks to simplify, resolve, improve and pace up the various stages and processes of business like buying and selling and delivery of goods and services. By 2003, the company had collapsed (Hoover, 2009). This will help the firm to keep track of the required goods and the services, quantity, quality and the time of delivery. Management has also had to learn how to adopt new technology with the growing e-commerce world. The impact of e-commerce on business Electronic commerce also known as e-commerce can be defined as the process of conducting business electronically or through the internet, a website, … 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. "The Impact of E-Commerce on Business." They use techniques such as better services, lower prices, and customer feedback to lure more customers into their businesses. It is also changing how the government regulates online commerce. Development of computer technologies and Informational Age have established a strong scientific field called e-commerce.According to the scientific definition, it is a branch of economics which comprises all financial and trade transactions that are executed by networks and all related business processes. The whole idea centers on buying or transaction via the internet. The new transaction mode of purchasing and supplying goods has become explosive in terms of efficiency, competitiveness, Over the years, E-commerce (Electronic Commerce) has brought lot of changes in the business world. "The Impact of E-Commerce on Business." From the customer satisfaction and availability of services, online shopping is creating a major impact upon the retail stores. 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. E-commerce is one of the fastest growing industries worldwide and is one of the most rapidly evolving areas of national and international trade. London: Org. On the same note, e-commerce carries with it the advantage of doing business around the clock, 24/7. Name 3.1 Critically assess the risks of linking business systems to the, and business.