Business management: E-business

Business management information

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

Friday, 9 March 2018

Business to consumer model / E-business / B2C Model

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Business to consumer model / E-business / B2C Model

Business to consumer model


The model clearly concentrates on individual buyers and is thus known as the business to consumer (B2C) model. This model enables consumers to browse, select and merchandise online from a wider variety of sellers and at better prices. The B2C e-busines interaction is most appropriate for the following type of transactions.
1  Easily transformable goods, that is, products that are easily transformable into digital format, such as videos, software packages music books etc.
2  Highly – rated branded item or items with return security.
3  Items sold in packets that are not possible to open in physical stores.
4  Items that follow standard specifications.

The B2C procedure for comprise the following steps
1         The customer identifies his/her need.
2         Then , the customer looks for the product or services that suit his/her needs.
3         The consumer selects a vendor and negotiates a price.
4         The consumer than receives the product and services.
5         The customer makes the payment for the received product.
6         The customer gets the services and warranty claims that are associated with the products.

Wednesday, 7 March 2018

Business to business model / B2B/ E-business

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Business to business model / B2B/ E-business

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-businesses. The B2B e- business is of the following types
·       
         Supplier oriented : in this type of B2B e-business, a supplier establishes 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 organizations with a high volume purchase capacity create an e-business marketplace for purchases and gain by establishing a website of their own. The online e-business marketplace and attracts both buyers and sellers to interact with each other.

Friday, 10 February 2017

Business model Definition | Business model Example

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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?

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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

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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 ?

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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?

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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