The Challenges of E-Commerce - 1403 Words

The Challenges of E-Commerce MKT552 The Challenges of E-Commerce Today’s business managers face many challenges when migrating a traditional ‘brick and mortar’ company to that which is now known as the evolutionary ‘click and mortar’ business model – that is, a business that operates in the Internet market space. To stand boldly in the face of challenges presented by the networked economy, firms must develop competencies that enable not only high performance market interactivity and adaptive, intuitive customer engagement platforms, but also contribute to the development of sound business strategies that ensure a firm’s competitiveness in the vast web-based business environment. Considering this, important factors such as†¦show more content†¦Business Challenges Unique to e-Commerce Operations Managers face many challenges when deploying an e-commerce business model; therefore, it becomes necessary to examine, research, and analyze the different types of e-commerce infrastructures in order to develop and implement a sound business strategy that embraces the networked marketplace. The result of such studies helps managers to â€Å"determine strategy, deploy resources, operate firms, manage relationships with their markets, and measure results,† (Rayport Jaworski, 2003, p.2). Therefore, it is important for leadership to consider the appropriate strategic alignment of such efforts with the firm’s overall mission, values, strategies, and available resources so as to ensure transparency in business operations whether it falls within the physical or web-based operational infrastructure. The first steps that managers must consider when developing and employing an online business strategy include the ways in which information, goods and services and communications are exchanged in the web-based operational model. In essence, they must realize that technology and digitalization is key to fostering customer-centric user experiences, so as to support transactional, order fulfillment, and information exchange. In addition, anShow MoreRelated Internet - Challenges of B2B and B2C E-commerce Essay1291 Words   |  6 PagesThe Challenges of B2B and B2C E-commerce E-commerce â€Å"is the exchange of money for goods or services between companies and/or end consumers† (Hemond-Wilson). The most common image of e-commerce â€Å"is that of a web-based catalogue from which buyers can order products and the sellers can receive payment† (Hemond-Wilson). E-commerce has two main forms, which are business-to-business, and business to consumer. B2B e-commerce â€Å"is business which is conducted between businesses via some electronicRead MoreImpact Of Electronic Commerce On Physical Stores891 Words   |  4 Pagespurpose of this document is to study what is the impact of electronic commerce to physical stores, it is necessary to look at e-commerce development brought opportunities and challenges on physical stores. In order to obtain real results, first of all, There is a comparison e-commerce and physical stores, And then analyze the electronic commerce brought opportunities and challenges on physical stores. 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E-commerce has advantages for small farm farmers seeking toRead MoreE Commerce And The Internet Essay1226 Words   |  5 Pagesdifferent people in different countries throughout the world even though they aren’t physically present in the countries that the sales are made. E-commerce is to use the internet to do business in a better and faster way. E-commerce is defined by an online dictionary as the following: â€Å"Commercial transactions conducted electronically on the internet†. E-commerce is the term to describe the operations, technology and processing that occur when financial or business transactions are conducted electronicallyRead MoreTaking a Look at Flipkart1418 Words   |  6 PagesMARKETING AND ENTREPRENEURSHIP FLIPKART Flipkart is an Indian e-commerce company founded in 2007, by Sachin Bansal and Binny Bansal and headquartered in Bangalore, Karnataka. It is considered as one of the largest e-commerce company that made online shopping popular in India. In the beginning, Flipkart backbone was to sale online books in India and but they get diversified and expanded into electronic products and many other variety of products. Due to very low penetration of net banking and creditRead MoreE-Commerce: Pros and Cons of Taking the Clothing Store Online1535 Words   |  6 Pagesthe Internet. In this text, I discuss a number of issues arising out of my resolve to engage in e-Commerce as the owner of a small clothing store along the Jersey Shore boardwalk. Pros and Cons of Taking the Clothing Store Online According to Schniederjans Cao (2002), e-Commerce is the exchange transactions which take place over the Internet primarily using digital technology. Basically, e-Commerce has in the recent past benefited greatly from recent developments in technology including theRead MoreE Commerce, An Aspect Of Information Communications Technology1335 Words   |  6 Pagescapacities through the use of tools such as electronic commerce (e-commerce) (Briggeman Whitacre, 2010; Roe et al., 2014). E-commerce, an aspect of information communications technology (ICT), is defined as the buying, selling, and marketing of goods and services online (Hua et al., 2015). E-commerce lowers costs, increases revenues, raises productivity, and brings access to new markets (Briggeman Whitacre, 2010; Roe et al., 2014). E-commerce has advantages for small farm farmers seeking toRead MoreE Commerce : A Global Commercial Environment940 Words   |  4 PagesThe evolution of e-commerce has led to organizations shifting a majority of their businesses to online environments.Dot com craze has triggered a global commercial environment and is being exploited by many organizations who are involved in e-commerce. One particular start up organization is Thread.com has engaged many investors and advisors and is constructing their own styling service by recruiting human stylists and intelligent algorithms. However online marketing have their pros and cons. A study