Business Case Study Electronic Commerce - 941 Words

Electronic Commerce is the process of exchanging products and services or information with the help of computer networks, which includes the Internet (Turban, King, McKay, Marshall, Viehland, 2008). We can classify e-commerce by their relationship among different participants in the following types (Turban, King, McKay, Marshall, Viehland, 2008). Business-to-Business (B2B): All the participants in this model are business organizations. For example, Dell applications include B2B with their suppliers (Turban, King, McKay, Marshall, Viehland, 2008). Business-to-Consumer (B2C): This is an e-commerce model where the business organizations sell products and services to individual shoppers. For example, Amazon.com. E tailing is the other†¦show more content†¦In 1969, Internet began life in the US and mainly used by government and its departments, researchers and scientists. In 1990s, the World Wide Web came into existence and that is when e-commerce was coined. From then until today, e-commerce has seen both success as well as failures (Turban, King, McKay, Marshall, Viehland, 2008). The failure was mainly because the e-commerce field was going through consolidations and organizations were trying different models and structures (Turban, King, McKay, Marshall, Viehland, 2008). The other reason was giants like Amazon were working on expanding their operations and generating increased sales. However, the future looks bright for e-commerce and the usefulness is starting to materialize. As e-commerce expands, these benefits wi ll increase significantly. E-Commerce offers benefits to business organizations, individuals and the society (Turban, King, McKay, Marshall, Viehland, 2008). Benefits to Organization EC helps in locating customers and suppliers around the globe at a reasonable cost. Processing information, storage and distribution at lower costs. It helps to reduce delays, cost and inventories when coming to supply chain improvements (Turban, King, McKay, Marshall, Viehland, 2008). Transactions are 24/7/365. Talking about customization, it is according to the customers wish, quick and at reasonable cost. SellersShow MoreRelatedE-commerce: Its Development and Future Prospective Essay659 Words   |  3 PagesIntroduction Technological advancements have taken the world by storm. The daily chronicles have a different story to tell with every dawn of a new day about a technological invention and/or innovation. Doing business has become competitive more than ever. This phenomenon has created a business environment that follows the clichà ©, the survival of the fittest. It is in this spirit that businesses have adopted technology to survive and remain relevant in the dynamic consumer environment. 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