Showing posts with label E-business. Show all posts
Showing posts with label E-business. Show all posts

Friday, 10 February 2017

Business model Definition | Business model Example



Business model



 A broad term that explains the position of a business organization in the value chain, the choice of customer, products and the cost of conducting business.

Business model

Business models

1.     Business-to-business
2.    Business-to-consumer
3.    Consumer-to-consumer

Business to business model

This model needs two or more business organization that do business with each other. It entails commercial activity among companies, through the internet as a medium. At present there are many types of e-business. The B2B e-business is of the following types:
·       Supplier oriented : in this type of B2B e-business, a supplier establish an electronic market where a number of customers or buyers transact with suppliers. Generally, it is done by a supplier who has monopoly over the products that he supplies.
·       Buyer oriented : In this type of B2B electronic commerce, big business organization with a high volume purchase capacity create an e-business marketplace for purchases and gain by establishing a website of their own.
·       Intermediary oriented : In this type of B2B e-business, a third party establish the e-business marketplace and attracts both buyers and sellers to interact with each other.

Business to consumer model

This model clearly concentrates on individual buyer and is thus known as the business to consumer model. This model enables consumers to browse, select and merchandise online from wider variety of sellers and at better prices.The B2C  business interaction is most appropriate for the following types of transaction
·       Easily transformable goods, that is, products that are easily transformable into digital format, such as videos, software packages, music, books, etc
·       Highly-rated branded items or items with return security.
·       Items sold in packets that are not possible to open in physical stores.

Consumer to consumer model

In a consumer to consumer model, consumers sell directly to other consumers via online classified advertisements and auctions or by selling personal services or expertise online. The C2C model involves the popular peer-to-peer software,that facilities the exchange of data directly between individuals over the internet.

Tuesday, 7 February 2017

what is E-commerce mechanism?


E-commerce mechanism


Internet is the best way of communication between two parties. Online business is growing speedily through a variety of software that help consumers buy and sell. In the field of online businesses, two popular methods are the following
·       Shopping cart software
·       Online e-telephony


E-commerce mechanism


Shopping cart software is a means of online presentation of goods for sale. shopping cart software provides an idea of the goods, online payment facility, joint selection of goods in form of a list, etc. By selecting items, shopping cart software allows shopping online effectively. There are many features provided by this software. They include the following


·       Credit card adequacy
·       Simple navigation system for consumers
·       Consumer account ability
·       Order management ability
·       Web based administration ability
·       Flexible shipping and tax options
·       Built-in site optimization tools
·       Inventory management ability


One of the finest ways to communication regarding business is online telephony. It is the technology which is used to convert voice singnals into data packets which are transported to a data networks running an internet protocol .it is the technology that allows the consumer to call by phone on same line which they are using for internet connection. It helps in saving the cost making calls on basic telephoneline for business communication. This online communication technology is commonly known as voice over internet protocol.

what are application of e-commerce



Application of E-commerce


1.    Searching capability : The consumer should be able to search products of interest and switch directly to the interested product over the internet.
2.    Downloading products : Consumers should able to download products and other supporting information and make their purchase decision.
3.    Online support : Staff should focus on customer services issued online.
4.    FAQ based on products : Once customers buys the products, they expect their problems to sort out directly without having to pick up the telephone.
5.    Message board to support customers : A message board provides customers access to information at all the time in a day. New customers can get benefited from the Questions and solution provided by a message board.
6.    Product newsletter : Customers can stay up-to –date with product information. Users can easily subscribe to mailing lists for product information.

what are convergence technologies ?


             Convergence


The merging  of two different technologies so they can work together.

Categories of convergence

1.    Network convergence : convergence is fundamentally changing data networks as we know them today. Data networks are moving from the traditional data packet store-and-forward mechanism to a real –time communication infrastructure. Due to this change there is an ever rising need for higher bandwith, class and quality of service, and policy management.
2.    Application convergence : Application have converged based on standards and they can now interoperate across different vendor system. From a high-end videoconferencing system we can talk to a low-end desktop system using the same similar-application standard.
3.    Payload convergence : This is the aspect of converged networking in which varied types of data is carried in the same communication format. However, payload convergence allows networks to handle data packets according to the service requirement.
4.    Protocal convergence : This is the movement away from multiple protocols to a single protocol networks. While legacy networks can handle many protocols and single kind of data, the new converged netwoks are designed in such a way that they can handle a single protocol but are able to service multiple types of data (such as voice, video and interactive communication).
5.    Physical convergence : If the equipment over which the payloads/packets travel is the same regardless of the service requirements, itamounts to physical convergence. For example, an edge network can be used for both multimedia and web traffic even though multimedia traffic has higher bandwidth reuriements than web traffic
6.    Device convergence : Different networking paradiagrams can be supported on a single system using a network device architecture that support various different networking. For instance, router can support wirless as well as wired networks.
7.    Application convergence : This represents applications that appear the same every time but are capable of performing different function based on the content for instance, web browser one can browser the net and with sutible plug-ins one can play multimedia content such as audio, video, animation etc within the same screen
Technology convergence : This signifies support for different types of networks by using common networking technologies. For example, ATM networks are capable and can be used to provide both WAN and LAN dervices

Sunday, 5 February 2017

What is functions of e-business?


Functions of E- Business

E-business application enable various business functions and transactions to be conducted electronically. Some of the functions are discussed as follows :
E-Advertising  advertising of information is currently the largest commercial activity on the web. For example :
·       A company’s website contains its profile and all the information on its products and services.
·       It displays banners that can be clicked.
·       E-business portals like www.yahoo.com, are used for advertising.
·       Newsgroup also provide publicity.

E-Catalogues : Web pages that the information on provide products or services that a company offers are available on an e-catalogue provides information on
·       Packaging
·       Product attributes and characteristics
·       Availability
·       Payment modes
·       Cost,etc

E-Publishing : This sector was among the first to spend on this noval technology, especially on the internet. E-publishing has led to several successful e-commerce endeavours, such as an independent publication through the internet and electronic news papers.
 Online publications offer services, such as:
·       Online reading/browsing
·       Online search
·       Customized information services
E-Banking : This facility offers remote banking electronically. Electronic banking is also referred to as online banking , cyber banking , home banking or virtual banking. It enables web users to make online purchase and pay for same, using an online –banking facility. It is cost effective , simple and available round the clock. The customers have access to several services, such as:
·       Bill payment
·       Electronic cheque writing
·       Record keeping
·       Tracking of bank account, credit cards


What is e-business? E-Business application


E-BUSINESS


 E-business deals with buying and selling of information, products and services through the computer network. E-business is also defined as a business activity which uses an electronic medium. It also refers to the buying or selling of goods and services without visiting a store. E-business involves activities , such as delivery of information, product, services and payment through the electronic medium. In addition, e-business refers to paperers business activites, such as supply chain management, enterprise resource planning, customer relationship management, and knowledge management.
E-business

Origin of e-business


In the 1960s, businesses that enagaged in the large volumes of transactions had begun exchanging transaction information on punched cards or magnetic tapes. Data communications technology eventually allowed trading partners to transfer data over telephone lines, instead of shipping punched cards or magnetic tapes to each other in advance.
Although these information transfer agreements between trading partners increased efficiency and reduced errors, it was still not an ideal solution. Only large trading partner could afford to participate in the benefits of these paper-free exchanges, becauses the translation programs that one trading partner established, generally would not work for other trading partners.
During the 1970s , the introduction of electronic data interchanges(EDI) between banks over a secured private network changed the financial market. In 1973, the ANSI committee developed a uniform EDI standard. This committee and its subcommittees included experts from the information technology background from over 800 organizations. During  the late 1970s and early 1980s,  became widespread widespread within companies in the form of electronic messaging technologies, i.e.,EDI and e-mail  


Advantages of e-business


1.    All-time processing : Customers can use the marketplace at all times with the use of e-business services.
2.    Better services: Customers are fully satisfied and receive better service.
3.    Removing mediator : Customers can directly contact the suppliers and remove all mediators.
4.    Data on consumer performance: Using the e-business services, one can understand consumer behavior, for example, websites, products, schemes and modes of payment which are preferred by the customer.
5.    Time saving : Customers can save time because they can purchase anything through the merchant websites.
6.    Improved customer services : These days, consumers want better services. Therefore, e-business services offer a means of communication between the consumer and the company. The consumer can even make online complaints to a company.
7.    Origin of new business opportunity : The biggest network between consumers and the companies can lead to the origin of new business opportunities, like infinite possibilities for business to develop and increase their consumer base.
8.    Enhanced speed and accurancy of a product : The usage of e- business services reduces human errors and other problem like duplication of proceedings, This perfection in speed and accuracy, plus easy access to documents and information affect the increase in production.
9.    Product Cost saving : Despite the fact that you can reduce the cost of  a product by the use of online services, it also reduces the errors and the cost of sending the information to partners.


Other advantages

·       It reduces the cost of the product.
·       It reduces paper work as the entire work is done electronically.
·       The product is directly supplied to the customer because all orders and enquiries are processed online. This eliminates the need for wholesellers and retailers and brings down the cost
·       Improved customer relationship is achieved by fast dissipation of information.
·       online minimizes the time taken from order to delivery.
·       Provides better, faster and effective linkage with clients.
·       Enhances the orangnization ‘s product and also does a market analysis,as the organization gets feedback from the customer.
·       E-business helps people work together.
·       E-business is a 24 x 7 operation and has a global reach.

Disadvantages of e-business


1.    Lack of customer awareness : Mostly people have no knowledge about electronic communication like the internet, computers, etc. Therefore, they are not able to transact electronically.
2.    Not for small businesses : Small businessmen do not want to take any extra burden because they have no knowledge of e-business functions.
3.    Does not support all type of businesses : Some type of businesses  are not fit for e-business services.
4.    Legal formalities : If you want to use online services in your business, you have to complete certain legal formalites like authorization and authentication

Other disadvantages :

·       High risk for internet startup organization
is not free
·       Security problems
·       Customer relation problems
·       Data integrity problems
·       Cutomer satisfaction problems