Internet and its application Internet is a network of computers linking many different types of computers all over the world.It is a network of networks sharing a common mechanism for addressing(identifying) computers,and a common set of communication protocols for communications between two computers on the network. Applications of Internet 1. Communication Computer users around […]
THE LIMITATIONS OF E-COMMERCE These again will be dealt with according to the three major stakeholders – Organisations Consumers and Society Limitations of e-commerce to organizations Lack of sufficient system security, reliability, standards and communication protocols. There are numerous reports of websites and databases being hacked into, and security holes in software. For example, […]
THE BENEFITS OF E-COMMERCE The benefits of e-commerce can be seen to affect three major stakeholders: Organisations, Consumers and Society. Benefits of e-commerce to organizations Electronic commerce expands the market place to national and international market with minimal capital outlay, a company can easily and quickly locate more customers, the best suppliers, and the […]
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 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 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 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 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 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 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, […]
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