Effect of E-business and on firm’s Supply Chain Introduction E-business is computing and communication through internet which has enabled a business to execute front end backend processes of a business. In today’s scenario it has become a key enabler to drive the supply chain integration. Business can use internet to • Gain global visibility across their extended network of trading partners • Help them respond quickly to a range of variables from customer demand to shortages of resources. By adopting e-business methods in the supply chain pattern we can achieve goals of reduced cost increased flexibility, faster response times more efficiently and effectively. In the past decade, electronic business has increased demand and attention from
The introduction of e-commerce has diminished the effect of geographical barriers. Finally, modern market environment forces companies to implement e-commercial activities in their course of actions in order to be competitive. Brilliant innovation in field of trading is the m-commerce, which itself is an appendage of traditional electronic commerce, rapidly gains the approval of the customer audience. In addition, despite of common basis both types of commerce have several significant distinctions and we need to define these two terms in order to have a clear picture on how they differ. Both e-commerce and m-commerce is a field of marketing where selling, distributing and servicing activities done on the Internet with a help of various devices.
Electronic business (e-business) can be defined as the use of the internet to network and empower business processes, electronic commerce, organizational communication and collaboration within a company and with its customers, suppliers, and other stakeholders. E-businesses utilise the internet, intranets, extranets and other networks to support their commercial processes (Colin Combe, 2006). Companies go online to engage in advertising, buying and selling of products and services. Due to the increased competitiveness in the hypermarket industry, the adoption of e-business has helped companies gain a competitive edge over their peers in terms of reduced costs, increased revenue streams and greater customer satisfaction. Operational costs such
Introduction The power and utility of the internet is common knowledge to literate people. It has fundamentally shifted the economic land scape to such an extent that its era is dubbed the new economy (Turban et e, 2011l). At the heart of this new economy is e-commerce. E-commerce is simply doing business online. Amongst the companies at the pinnacle of the new economy and more specifically e-commerce is Amazon.
In this chapter we will delve into various aspects of email marketing. This chapter will expand on the email marketing background from chapter 1 and introduce new aspects of the field. According to Kumar and Sharma (2014), the rapid adoption of the internet as a commercial medium has caused companies and marketers to experiment with innovative ways of marketing to consumers in computer-mediated environments, known as online marketing or e-marketing. Though e-marketing involves digital technologies to sell goods or services, the basics of marketing remain the same – i.e. to create a strategy to deliver the right messages to the right consumers at the right time (Kumar and Sharma, 2014).
The Internet is changing the way consumers shop and buy goods and services, and has rapidly evolved into a global appearance. Lots of companies nowadays use the Internet to convey, communicate, promote and spread the information to sell the product, to take feedback and also to conduct satisfaction surveys with customers. Customers use the internet not only to buy the product online but also to compare prices, product features and after sale service facilities. After compared the price they will choose the one which is more suitable and reasonable. Consumer can get more detailed information and choices to compare product and price, more choice, convenience, easier to find anything online.
Advantage and Disadvantages of Internet Advertising It is more important than ever for a company to use online advertising, as consumers use the internet in many different ways. Consumers are using the internet in every part of their daily lives, which is given advertisers countless opportunities to place relevant as messages to their targeted audience. Some advantages and disadvantages are as follows; Advantages • Its more cost efficient than traditional media advertising as it can target consumers more accurately. • It is beneficial to both large and small
With its large processing capacity, Web 3.0 is able to bring services and products to people and businesses with high added value because of their assertiveness and high customisation, promoting the democratisation of the capacity of action and knowledge, which was previously only accessible to large businesses and governments. Web 3.0 will be the next logical step in the evolution of the Internet. For Web 1.0 and 2.0, the Internet is trapped within the physical walls of the computer, but as more devices become connected to the Web, such as smartphones, cars, and other household appliances, the Internet will be set free and become omnipresent. Moreover, Web 2.0 is the “writable” phrase of the World Wide Web with interactive data. Web 2.0 facilitates interaction between web users and sites, so it allows users to interact more freely with each other.
Before people use electronics for broadcasting purpose and now through this, people adopted the modern way of communicating, and advertising products for business concern. As a matter of fact, online shopping is now possible through electronics. It only takes internet and personal computer and in an instant people can now have their own business. Many patronize online products nowadays because of its convenience and availability. The World Wide Web has influenced the world market and has gone very far in the field of business.
Today the most significant change that the internet has brought about is in sharing of information and ideas with each other which are more available in the society, in the field of communication, socialize with existing and make new ones, banking system, and paying for things from our own home. So mainly, the internet is playing a great role in the ordinary people of our country. Even then it has