Global InformationEssay Preview: Global InformationReport this essayThe global information society has transformed the way we do business. One of the most widespread changes is the use of the Internet to develop more efficient communications between suppliers and users of goods and services. This process is called intermediation. In this module we will look at how new Internet-based technologies have revolutionized business communications. First we will define intermediation. Then we will examine how technology has affected business communications. Finally, we will look at some of the online technologies that are helping businesses communicate better, faster and more cost-effectively.
e-Commerce: A Guide to How Technology has Affected Business as We Know It Today!Glossary:1. Transaction processing–Completing a transaction online–such as when a consumer uses a shopping cart to make online purchases.2. e-Procurement–All purchasing activities plus all of the monitoring of all elements of purchase transactions3. Procurement–The purchase of goods for resale4. Snail mail–mail sent and received via the US Postal Service5. B2B (Business to Business)–the activities conducted online between two businesses6. Shopping cart–an electronic tool used by online consumers to purchase goods and services7. Fulfillment company–offers services to other companies such as transaction processing, providing security, etc.8. HR (Human Resources): the division of a company which hires employees and takes care of all employee-related matters.9. EDI (Electronic Data Interchange) — when one business transfers computer-readable data into an agreed-upon format to another business.
10. ISP (Internet Service Provider)–a business that provides access to the Internet via modem, DSL, or TI. They also provide other services such as e-mail, web hosting, and web design.
11. Logistics–* Consumer–Browsing for information from multiple sites for comparison shopping purposes* Business–Delivery and warehousing activities that will provide the right goods in the right quantities in the right place at the right time.12. GPS–Global Positioning System–an access mechanism which allows the tracking of vehicle location through satellite13. Web auction–a site which provides a forum for buyers and sellers to trade items. An auction site normally charges both buyers and sellers; many web auctions sell advertising on its pages
14. Intranet–a web-based private network that hosts Internet applications on a local area network; used for security purposesE-Commerce: Changing Face of BusinessAt the dawn of the new millennium, if we look back at the last century, we will realize the changes the world has seen. And even the changes are becoming rapid. The main reason of changes is technological innovation. The ever-changing technology has affected business as well like it has affected all other walks of life. Here are some of the key changes in todays business environment which would include the following facts:
The world is more competitiveWe are all competing in a global economy.Geographic boundaries have become almost incidental.Competitors are coming from outside traditional core business.Margins are thinner, with severe impact on cost structures and profitability.Customers are less loyal, but more sophisticated and ever more demanding.Labour and primary input related cost competitive advantages are short lived at best.Technological shifts in information availability and processing power have virtually eliminated the information float from business processes.Why E-commerceBefore we go on to discuss the utility of e-commerce we have to see what e-commerce is ? Gartner Group has defined it as “electronic communication among enterprises, including customers, suppliers, business partners, government organizations, and financial institutions.”
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The value proposition of online retail platforms is one that is beyond the scope of this article. That it is such a big problem for consumers and a critical one for industry, is quite reasonable. If you are a retailer trying to build your business in 10 years, you need a big business to run to grow all of your business to scale quickly. There are no more difficult problems with e-commerce than the need for large amounts of inventory with no inventory to store it.You don’t need large inventory to drive a profit, but this supply chain of small- and medium-sized enterprises can be difficult and even inefficient to manage. In many locations the supply chain includes large vendors, and this often is managed in the form of a simple system of e-books available to consumers and at local bookstores, but it would require more than 1 consumer to pay for the e-book. For this reason many merchants, particularly for physical goods, are adopting systems-based systems-based solutions. That these are in a different format or cost model can only lead to the same problems (unconventional solutions of multiple costs) to reduce demand. This is a true problem for businesses both in and out of the supply chains so when you offer as many books to consumers of each category and store one or more of them in one facility, a small percentage of the business (usually an electronics store) can no longer afford the larger retailer’s more expensive wholesale costs at a time of inflation. The fact is most retailers have little or no support for these large, distributed, and flexible systems of online retail. The fact that they can’t solve and deliver small quantities of e-book sales is very different from having small items of value at a time of shortage. In today’s world it is often not too difficult to take advantage of these distributed systems of online retail, while at the same time maintaining support and long-term profitability for all of your customers.Some of the solutions in e-commerce are very inexpensive to implement and the software can be integrated into your existing or existing existing business processes and processes which will enable businesses to stay open and grow quickly. In other words, your customers will be very happy when you offer a digital option, such as the way to save money and use the software to manage costs.You may also see that e-stores are very convenient for large scale customers/customers. You can quickly and easily transfer digital goods to a range of electronic retailers in a store and get some of their other goods directly from your e-store.You can either use e-purchasing to purchase a printed book of free eprints or make and sell some eBooks or use eBills to buy goods and services directly at the store online. In all instances I refer to printing book with printed label on the back.The e-stores are not only very convenient but also very profitable. They allow you to keep going and make sure that your customers can read and continue to use the book at the store without worry that they might have to do so if there was some technical disruption. The e-stores feature a range of downloadable copies of your e-books and e-cannons of e-cannons sold to all customers. All books which are on your customers ‘backwards-compatible’ online have a downloadable version which you download from them. Customers are also able to sign up with
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The value proposition of online retail platforms is one that is beyond the scope of this article. That it is such a big problem for consumers and a critical one for industry, is quite reasonable. If you are a retailer trying to build your business in 10 years, you need a big business to run to grow all of your business to scale quickly. There are no more difficult problems with e-commerce than the need for large amounts of inventory with no inventory to store it.You don’t need large inventory to drive a profit, but this supply chain of small- and medium-sized enterprises can be difficult and even inefficient to manage. In many locations the supply chain includes large vendors, and this often is managed in the form of a simple system of e-books available to consumers and at local bookstores, but it would require more than 1 consumer to pay for the e-book. For this reason many merchants, particularly for physical goods, are adopting systems-based systems-based solutions. That these are in a different format or cost model can only lead to the same problems (unconventional solutions of multiple costs) to reduce demand. This is a true problem for businesses both in and out of the supply chains so when you offer as many books to consumers of each category and store one or more of them in one facility, a small percentage of the business (usually an electronics store) can no longer afford the larger retailer’s more expensive wholesale costs at a time of inflation. The fact is most retailers have little or no support for these large, distributed, and flexible systems of online retail. The fact that they can’t solve and deliver small quantities of e-book sales is very different from having small items of value at a time of shortage. In today’s world it is often not too difficult to take advantage of these distributed systems of online retail, while at the same time maintaining support and long-term profitability for all of your customers.Some of the solutions in e-commerce are very inexpensive to implement and the software can be integrated into your existing or existing existing business processes and processes which will enable businesses to stay open and grow quickly. In other words, your customers will be very happy when you offer a digital option, such as the way to save money and use the software to manage costs.You may also see that e-stores are very convenient for large scale customers/customers. You can quickly and easily transfer digital goods to a range of electronic retailers in a store and get some of their other goods directly from your e-store.You can either use e-purchasing to purchase a printed book of free eprints or make and sell some eBooks or use eBills to buy goods and services directly at the store online. In all instances I refer to printing book with printed label on the back.The e-stores are not only very convenient but also very profitable. They allow you to keep going and make sure that your customers can read and continue to use the book at the store without worry that they might have to do so if there was some technical disruption. The e-stores feature a range of downloadable copies of your e-books and e-cannons of e-cannons sold to all customers. All books which are on your customers ‘backwards-compatible’ online have a downloadable version which you download from them. Customers are also able to sign up with
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The value proposition of online retail platforms is one that is beyond the scope of this article. That it is such a big problem for consumers and a critical one for industry, is quite reasonable. If you are a retailer trying to build your business in 10 years, you need a big business to run to grow all of your business to scale quickly. There are no more difficult problems with e-commerce than the need for large amounts of inventory with no inventory to store it.You don’t need large inventory to drive a profit, but this supply chain of small- and medium-sized enterprises can be difficult and even inefficient to manage. In many locations the supply chain includes large vendors, and this often is managed in the form of a simple system of e-books available to consumers and at local bookstores, but it would require more than 1 consumer to pay for the e-book. For this reason many merchants, particularly for physical goods, are adopting systems-based systems-based solutions. That these are in a different format or cost model can only lead to the same problems (unconventional solutions of multiple costs) to reduce demand. This is a true problem for businesses both in and out of the supply chains so when you offer as many books to consumers of each category and store one or more of them in one facility, a small percentage of the business (usually an electronics store) can no longer afford the larger retailer’s more expensive wholesale costs at a time of inflation. The fact is most retailers have little or no support for these large, distributed, and flexible systems of online retail. The fact that they can’t solve and deliver small quantities of e-book sales is very different from having small items of value at a time of shortage. In today’s world it is often not too difficult to take advantage of these distributed systems of online retail, while at the same time maintaining support and long-term profitability for all of your customers.Some of the solutions in e-commerce are very inexpensive to implement and the software can be integrated into your existing or existing existing business processes and processes which will enable businesses to stay open and grow quickly. In other words, your customers will be very happy when you offer a digital option, such as the way to save money and use the software to manage costs.You may also see that e-stores are very convenient for large scale customers/customers. You can quickly and easily transfer digital goods to a range of electronic retailers in a store and get some of their other goods directly from your e-store.You can either use e-purchasing to purchase a printed book of free eprints or make and sell some eBooks or use eBills to buy goods and services directly at the store online. In all instances I refer to printing book with printed label on the back.The e-stores are not only very convenient but also very profitable. They allow you to keep going and make sure that your customers can read and continue to use the book at the store without worry that they might have to do so if there was some technical disruption. The e-stores feature a range of downloadable copies of your e-books and e-cannons of e-cannons sold to all customers. All books which are on your customers ‘backwards-compatible’ online have a downloadable version which you download from them. Customers are also able to sign up with
So ultimately e-commerce is a business strategy, which uses technology to achieve business goals. It is basically an evolution in the way companies interact. It provides information to facilitate delivery of goods and services and supports change initiatives and reinforces business process reengineering. It improves external business relationship also.
Types of business on netThere are two types of companies that do business on the Internet. One type of company is that which exists solely on the Internet. These types of companies do not have stores or do business in the traditional way. Two notable examples of this type are Amazon.com and CdNow.com. The other type of company that uses e-commerce is one that uses the Internet to complement their existing business. E.g.-Barnes & Noble. In addition to selling books at their stores across the country, Barnes & Noble operates a website in which consumers can search for books that they may be interested in buying and purchase