E-commerce
The world of ecommerce economy is passing through a transition phase. Online technologies turn all companies into information-based operations. The speed of this technical transition is so rapid that today’s e-commerce, with the aid of electronic means, is bringing considerable changes in the economic scenario and is influencing every sphere of business. The Web has extended the scope of companies. Exponential growth in the volume of business information that the global network makes available for the convenience of information collection between firms, a corporation and its clients, and the various divisions of a business itself, is overwhelming. The information-based virtual value chains for any company cannot be ignored operationally or strategically. This review article deliberates on the aspects of electronic commerce, including its importance, facilitators, benefits, challenges, and scope in the Indian market.
Innovative e-commerce markete ideas are characterized by commercially unknown products to the market, enabled by information technology like the Internet and technologies on top of it. An interdisciplinary approach, we call e 3 -3-value, is offered for the exploration of an innovative e-commerce idea. The aim is to understand an innovative e-commerce idea in depth and to evaluate it for potential profitability. Our procedure uses a requirements engineering way of working but employs concepts and language from business science, marketing, and axiology. It depicts how business conditions can be modeled and business–IT alignment achieved in complex multi-actor value constellations typical of electronic commerce. in this idea commerce, including its importance, facilitators, benefits, challenges you may required to focus on point.
E-commerce market
Innovative e-commerce markete ideas are characterized by commercially unknown products to the market, enabled by information technology like the Internet and technologies on top of it. An interdisciplinary approach, we call e 3 -3-value, is offered for the exploration of an innovative e-commerce idea. The aim is to understand an innovative e-commerce idea in depth and to evaluate it for potential profitability. Our procedure uses a requirements engineering way of working but employs concepts and language from business science, marketing, and axiology. It depicts how business conditions can be modeled and business–IT alignment achieved in complex multi-actor value constellations typical of electronic commerce. in this idea commerce, including its importance, facilitators, benefits, challenges you may required to focus on point.
E-commerce works
Business-to-Consumer (B2C):
Perhaps this is the most traditional form of e-commerce. Businesses sell products or services directly to consumers. Example: Amazon, Walmart.com
Business-to-Business (B2B):
Here, businesses sell products or services to other businesses. Example: Alibaba.com, ThomasNet
Consumer-to-Consumer (C2C):
This type enables transactions between consumers. This happens mostly through a third-party platform that helps in facilitating the transaction.
Example: eBay, Craigslist
Consumer-to-Business (C2B):
Here, people offer products or services to businesses.
Example: Freelance marketplaces like Upwork, Fiverr.
E-commerce impacts
ADVANTAGES:
Quicker ecommerce buying/ selling procedure, easily found products. Buying/ selling 24/7. More reach to the customers; no theoretical geographic limitations. No need for physical company set-ups. Easy start and management of a business.
DISADVANTAGE:
Anyone, good or wrong in ecommerce can start a business. And there are many badsites which eat up customers‟ money. There is no guaranteeof product quality. Automated defeats can causeunexpected effects on the total processes. As there isa minimum chance of direct customer-to-companyrelations, customer loyalty is always on a check. Many hackers look for opportunities, and thus anEvery e-commerce site, service, and payment gateway is always susceptible to an attack.
why should we do e commerce?
It has revolutionized ecommerce the way business is carried out and the way consumers shop around the world. Geographical barriers have been eliminated; convenience is foremost with great opportunities opened up for big businesses and small enterprise alike. In such a scenario, with continued advancement in technology and logistic advancement paving the way for further reach, scope, and invention, the future of e-commerce can only remain bright. However, cyber,economy, digital marketing, marketing strategies, pps for selling threats and regulatory complexities are two major challenges yet to be surmounted to maintain this trend. Overall, e-commerce is the epitome of digital disruption at work in converting economies and lives all around the globe.
conclusion
why should we do e commerce?
It has revolutionized ecommerce the way business is carried out and the way consumers shop around the world. Geographical barriers have been eliminated; convenience is foremost with great opportunities opened up for big businesses and small enterprise alike. In such a scenario, with continued advancement in technology and logistic advancement paving the way for further reach, scope, and invention, the future of e-commerce can only remain bright. However, cyber,economy, digital marketing, marketing strategies, pps for selling threats and regulatory complexities are two major challenges yet to be surmounted to maintain this trend. Overall, e-commerce is the epitome of digital disruption at work in converting economies and lives all around the globe.