VALUE CHAIN MODEL A value chain for a product is the chain of actions that are performed by the business to add value in creating and delivering the product. For example, when you buy a product in a store or from the web, the value chain includes the business selecting products to be sold, […]
Types of Electronic Commerce
Types of Electronic Commerce 1. Business-to-Consumer E-Commerce The exchange of products, information or services between business and consumers in a retailing relationship. In B2C e-commerce, businesses sell directly a diverse group of products and services to customers .Some of the first examples of B-to-C e-commerce were amazon.com and dell.com in the USA and lastminute.com […]
Origin of Electronic Commerce/History of E-commerce & Evolution of E-Commerce
Origin of Electronic Commerce/History of E-commerce And Origin Of E-Commerce Development of EC applications started in the early 1970s with electronic funds transfer (EFT), which refers to the computer-based systems used to perform financial transactions electronically. However, the use of these applications was limited to financial institutes, large corporations, and some daring businesses. Electronic […]
Factors affecting E-Commerce /Key Drivers of E-commerce/ forces fueling e-commerce
Factors affecting E-Commerce /Key Drivers of E-commerce/ forces fueling E-Commerce There are many external environmental factors that can affect e- business. It is common for managers to assess each of these factors closely. The aim is always to take better decisions for the firm’s progress. Some common factors are political, economic, social and technological (known as PEST […]
Electronic Commerce-Introduction
Electronic Commerce Meaning Electronic Commerce(e-Commerce) is a general concept covering any form of business transaction or information exchange using information and communication technologies(ICTs). E –Commerce takes place between companies,between companies and their customers or between companies and public administrations.Electronic Commerce includes electronic trading of goods,services and electronic material. The e-commerce include: Electronic trading of […]
Barriers to cross-cultural communication
Barriers to cross-cultural communication In business, cross cultural communication plays a critical role in successfully carrying out business with teams and stakeholders in other areas of the globe. When the communication is effective, everyone benefits from increased bandwidth, institutional knowledge, and competitive advantage. Ineffective communication however, can offend, confuse or send a misconstrued message […]
Visual Communication – Meaning, Types, Advantages and Disadvantages
Visual Communication- Meaning, Types, Advantages and Disadvantages Visual communication is communication through a visual aid and is described as the conveyance of ideas and information in forms that can be read or looked upon. Such as facial expression, gesture, eye contact, signals, map, chart, poster etc. it also includes graphic design, illustration and animation, books, print, magazines, […]
Visual Communication
Visual Communication Visual communication is communication through a visual aid and is described as the conveyance of ideas and information in forms that can be read or looked upon. Such as facial expression, gesture, eye contact, signals, map, chart, poster etc. it also includes graphic design, illustration and animation, books, print, magazines, screen-based media, interactive web design, […]
Negotiation Process & its Management – Meaning, Definition, Nature, Process and Types
Negotiation Process & its Management Meaning Negotiation is a method by which people settle differences. It is a process by which compromise or agreement is reached while avoiding argument and dispute.In any disagreement, individuals understandably aim to achieve the best possible outcome for their position (or perhaps an organisation they represent). However, the principles of fairness, seeking […]
Negotiation Process & its Management
Negotiation Process & its Management Meaning Negotiation is a method by which people settle differences. It is a process by which compromise or agreement is reached while avoiding argument and dispute.In any disagreement, individuals understandably aim to achieve the best possible outcome for their position (or perhaps an organisation they represent). However, the principles of fairness, […]
