E-business and E-commerce
E-commerce is exchanging products online and is a major development for the buying and selling of goods which reduces operational and transaction costs, it also can intise people to come to your store and can boost reputation.
E-business is broader than E-commerce and also involves customer service, learning and collaboration.
Digitalization is the transformation of physical to digital business. It has occurred in different amounts in different business areas. Some Businesses remain brick and mortor like fresco. Many businesses are partially digitilized. Then pure play businesses are exclusively digital.
There is a large variety of business models that organizations use.
table 9.1
There are several e-commerce mechanisms that businesses and individuals can buy and sell of the web. Electronic catalogue includes product database, a directory and search. electronic auctions including forward auctions which are traditional, and reverse auctions where customers request a quote with information, then suppliers analyse the requests and submit bids online. electronic storefronts are one online store, where electronic malls are multiple stores in one website address. an electronic marketplace where many transactions can occur between many buyers and sellers. These are facilitated by a variety of online payment methods like credit cards and paypal.
There a a few limitations of e-commerce, the technological limitations are the need for internet accessing equipment, lack of standards and running out of bandwidth resulting in websites crashing.
Online service industries are another development that allows tasks like recruitment, banking and marketing to be exclusively online services.
This new form of marketing results in new ethical and legal issues previously covered.
Gray, H., Issa, T., Pye, G., Troshani, I., Rainer, K. (2014). Management Information Systems, 1st Australian Edition. John Wiley & Sons Australia.
Great breakdown of E-commerce mechanisms!
ReplyDeleteThis summary effectively covers the key concepts of e-commerce and e-business, including different transaction models and limitations. Well done for your last blog post!
I love your summary. I like how you incorporate tables into your blog to break up your work and make it more easier to understand and follow, as well as share quality content. I also like how you acknowledge that even though we live in a digitalised world, some companies are still brick and mortar (e.g. Fresco). I guess some companies just like to be traditional which is completely fine. In total, great work Matt.
ReplyDeleteNice work bro! Touched on all the main points we covered in this weeks lesson. I also like your use of the tables which layout the types of business models there are.
ReplyDeleteAwesome blog post, your paragraphs flowed very well ultimately making for an easier read. A great final post for the semester than anyone could pickup and have a summarised view of E-business and E-commerce.
ReplyDeleteYour post on e-business and e-commerce provides a thorough overview of these two critical components of modern business. The distinction between e-business, which encompasses a broader range of digital activities including internal processes and collaboration, and e-commerce, which specifically focuses on online transactions, is crucial for understanding their respective roles in the digital economy. Your insights shed light on how businesses can leverage both e-business and e-commerce to drive growth and innovation in today's competitive landscape.
ReplyDeleteGreat job summarizing this weeks content, I especially appreciated the use of tables in your explanation!
ReplyDeleteNice work on the blog post, I think the pictures added a nice touch alongside the information and honestly great breakdown.
ReplyDeleteAs E-commerce is increasing, so are its effects. Great coverage of these.
ReplyDelete