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
In the unique service delivery process, customers are also taken into consideration for new role. Hotels upgrading their flow of work process with adopting technology, like automated services for front and back office. Because of the process innovation there is improvement in the efficiency in the delivery of services to the customer. Logistics Innovation: The information flow in the organization is now getting much quicker. Due to busy schedule of guest, hotelier is providing complete information in the internet so that it will be easier for them to book a suite from a single window.
BRIDGEWATER ENGINEERING COMPANY ASSIGNMENT NO: 04 Computer and its vast technology raise and grab our attention to think globally and use this technology for the betterment of the business and spread on international platform. By using this technology we create value to our business through effective low cost and just in time product supply strategies and helps to explore our supplier and increase number of customer all around the world. In this case Bridge Engineering, a company which manufacture and sell heavy duty machine. But due to increasing competitiveness in world market they should also need to internet connectivity to deal with their customer and seller. Now a days mostly every suppliers dealing through internet with the companies
It is a tool for the abstraction of the industry. Business Model shows the image of a company and provides the solutions for most problems (Frank, Nikki Timmermans, & Nico Kreinberger, 2014). Example as the development of Web 2.0 Business Model, it impacts on both Tourism Demand and Tourism Supply. Tourism Demand: With the development of technology nowadays, specifically social networking, Tourists can now being connected with the Internet for the whole trip. It allows tourists to find the best package, easily book hotel/transport and offers many promotions.
An advertisement that usually seen on the internet are also considered as digital advertising (Sugget, 2015). It is the main source of revenue for the internet as it entertains consumers to utilize their marketing products. More marketers tend to make innovations in advertising. From interactive advertising to digital adverting, economist find more efficiency and effectiveness through digital advertising. Because of innovation of technology, people were to get involved to the changes in modernization.
Online booking portal driving growth for travel agencies What benefit online travel agents are getting by adopting travel technology? Technology, whether we like it or not has changed the way our world works and how we travel and make our travel bookings online. Things are now a lot more convenient and easier for ardent travelers to book their customized trips, vacations and in the same way it is easier for travel agents to serve their customers in a more structured manner, reaching out to more audience and incrementing revenues. When it comes to travel, technology has played a very important role technology dominates your day to day travelling experiences its amazing that with the click of a button, you can have a car to pick you up at your doorstep. There is a lot more to the travelling stories.
4. Last but not least is the distribution (place) strategy where by alibaba.com uses the internet as its intermediary whereby it has several websites, it also uses direct distribution channel. www.alibaba.com is the global trade market for exporters and importers thus the websites have many different type of language setting. For instance, Japanese, English, Chinese and may be more in the future. Other factors that contributed to the success are such as; strong brand, providing customers with outstanding values and superior shopping experience, massive sales volume and realizing economies of scale.
The Impact of Online Shopping on Retail Marketing and Sales Name Institution Introduction For retailers, one of the main concerns at in the modern era is in the continued development of online channels of marketing and sales. Online retailing is becoming more attractive for many businesses as more consumers show preference for its convenience. However, brick-and-mortar retailing remains common. It is impossible for retailers to overlook the significance of the internet in influencing their operations. Some analysts have states that it is difficult to tell apart online shopping from in-store retailing because virtual marketing campaigns have often attracted foot-traffic into physical stores.
Moreover, it is believed that Information Technology has brought lots of change in daily activities which help to save time and money as well. Impact of IT on hospitality industry has played a significant role to lead hospitality industry to success more rapidly. In this 21st century, the whole world is globalized and there is new platform of information technology (IT) and people had found a lot of advancements regarding it. This includes not only computers but also facilities for mailing services, telephone and fax networks information centers and libraries and most important one is the Internet.Information technology is playing its momentous position in the betterment of the organizations as well as managing the global ability in an environment of cultural diversity and managing global supply chain administration. IT too, has helped to redefine the vision of global corporations by
Ever since the 1980s, Information Communication Technology (ICT) had been transform hospitality industry globally. Progress in ICT has transformed business practices, strategies and industry structures dramatically (Porter, 2001). ICTs provide a powerful tool that can bring advantages in promoting and strengthening the tourism industry’s strategy and operations. ICTs not only enable customers to search for and purchase customized hospitality and tourism products, but also benefit suppliers by developing, managing, and distributing their products without any time limits and geographical constraints to support the globalization of the industries by providing effective tools (Buhalis and Law, 2008). Since it is convenient to use the internet and the cost of using it is relatively inexpensive, many hospitality businesses have started to use web-based training.