Many companies are just beginning to use the Internet for commerce. Newspapers are full of stories of Internet companies that have billion-dollar market capitalization and have not yet made a profit. The reality is: Many companies have successful e-commerce sites. Since the technology is new, peopleRead more
Many companies are just beginning to use the Internet for commerce. Newspapers are full of stories of Internet companies that have billion-dollar market capitalization and have not yet made a profit. The reality is:
- Many companies have successful e-commerce sites.
- Since the technology is new, people are conservative when purchasing over the Internet. The financial rewards of doing business transactions over the Internet are growing fast.
- You will need to integrate e-commerce into your overall marketing and sales strategy to make it lucrative.
What is disintermediation?
Disintermediation is the process of becoming closer to your customer by eliminating the middleman. Time-When your company automates procedures, time may be the middleman that is being disintermediated. People Automation of procedures can disintermediate people currently handling the procedures. DistRead more
Disintermediation is the process of becoming closer to your customer by eliminating the middleman.
Intermediation is the process of creating a new middleman; online auction house eBay is an intermediator.
See lessHow does the internet affect the way we work?
The Internet is changing the way people work. Digitization-Employees now have the ability to store many types of information on a computer. Globalization-The Internet provides a global community: Employees and partners may be located anywhere. Mobility Employees now have access to information wherevRead more
The Internet is changing the way people work.
- Digitization-Employees now have the ability to store many types of information on a computer.
- Globalization-The Internet provides a global community:
- Employees and partners may be located anywhere.
- Mobility Employees now have access to information wherever they go.
- Workgroups-Employees from different locations can collaborate on projects.
- Immediacy-Employees can have real-time access to information wherever they are.
See lessWhat is an extranet site?
An Extranet provides you with an Internet site that is accessible to a select group of people. An Extranet provides you with the ability to create applications that associates and customers can access, but that are not accessible to the general public. Extranets can use encryption and password proteRead more
An Extranet provides you with an Internet site that is accessible to a select group of people.
- An Extranet provides you with the ability to create applications that associates and customers can access, but that are not accessible to the general public.
- Extranets can use encryption and password protection to secure access to the site.
- For business-to-business transactions, Extranets enable secure electronic commerce.
- An Extranet can automate information sharing by providing access to specific information and controlled access to internal databases.
See lessCan small companies compete with big companies?
Ecommerce makes it easy for companies to provide customers with a worldwide presence. The Internet tends to yield profits to both small and large companies. An Internet presence is easy to establish for both small and large companies. Because of a more level playing field, the Internet is proportionRead more
Ecommerce makes it easy for companies to provide customers with a worldwide presence.
- The Internet tends to yield profits to both small and large companies.
- An Internet presence is easy to establish for both small and large companies.
- Because of a more level playing field, the Internet is proportionally more advantageous for smaller companies.
- A small company’s flexible, innovative management style provides a competitive advantage in the ever-changing world of the Internet.
See lessHow can your company benefit from e-commerce
The Internet brings you closer to your customer since customers and partners can access information directly. Through the Internet, your company's product information can be accessed directly from the purchaser's desktop. The Internet: Makes the size of a company irrelevant. Large and small companieRead more
The Internet brings you closer to your customer since customers and partners can access information directly. Through the Internet, your company’s product information can be accessed directly from the purchaser’s desktop. The Internet:
- Makes the size of a company irrelevant. Large and small companies have the same access to customers and can create the same kind of Internet presence.
- Makes the location of a company irrelevant. Customers located anywhere can easily access your company’s site. You can support customers outside of your geographic area.
- Increases feedback. You have instantaneous access to your customer responses and feedback when you publish new marketing and pricing programs and new products on your web site.
See lessWhat is e-commerce?
Electronic commerce or e-commerce covers the range of online business activities for products and services, both business-to-business and business-to-consumer, through the Internet. This section breaks e-commerce into: Online shopping—the scope of information and activities that provides the customeRead more
Electronic commerce or e-commerce covers the range of online business activities for products and services, both business-to-business and business-to-consumer, through the Internet. This section breaks e-commerce into:
It’s True: Online purchasing is a metaphor used in business- to-business e-commerce for providing customers with an online method of placing an order, submitting a purchase order, or requesting a quote.
See lessWhat are first, second, third, and fourth generation web sites?
As use of the Internet became more sophisticated, web sites changed to meet new needs. The changes in the Internet can be categorized in generations of web sites. Generation One-Initially companies created simple "brochures-online" web sites. Generation Two-As the Internet became more sophisticated,Read more
As use of the Internet became more sophisticated, web sites changed to meet new needs. The changes in the Internet can be categorized in generations of web sites.
- Generation One-Initially companies created simple “brochures-online” web sites.
- Generation Two-As the Internet became more sophisticated, many companies became aware of its potential. Management established web sites that reflected corporate issues: investor relations, company mission statements, and messages from the president.
- Generation Three-As companies began to understand the potential the Internet has for driving business-to-business and business-to-consumer transactions, web sites became simpler, faster, and more focused on specific needs of the person visiting the site.
- Generation Four-The future of the Internet is generation four web sites. Generation four sites physically resemble generation three sites. The difference between generation three and generation four web sites is predominantly behind the scenes. Generation four sites are dynamically created and tightly integrated into the operations of the company.
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