Saturday, June 14, 2008
E-Commerce reduces cycle time, improves employee's empowerment and facilitates customer support
Posted by mapleleaf at 8:55 PM 0 comments
Labels: Technology Infrastructure
The Failure of Webvan.com and Its Causes
References:
- Farmer, M.A., & Sandoval, Greg (2001). Webvan delivers its last word: Bankruptcy. Retrieved June 12, 2008, from http://news.cnet.com/Webvan-delivers-its-last-word-Bankruptcy/2100-1017_3-269594.html?tag=news.1
- German, Kent (n.d.). Top 10 dot-com flops. Retrieved June 12, 2008, from http://www.cnet.com/4520-11136_1-6278387-1.html
Posted by PanDa at 11:45 AM 0 comments
Labels: E-Knowledge, Failure and Success
Thursday, June 12, 2008
History and Evolution of E-Commerce
E-Commerce was birth out from the World-Wide-Web (WWW). The first extended use of a form of electronic commerce appeared in the early 1970s, when system called Electronic Fund Transfer (EFT) was introduced. This enabled banks and financial institutions to transfer over secure networks large amounts of money either among themselves or with associated businesses.
In the late of 1970s, the introduction of the Electronic Data Interchange (EDI) made it possible for companies to interface and trade without any human contact and it enables inter-company exchanges of documents, such as order forms for suppliers, invoices, customs forms, reimbursement receipts, stock inventories and etc.
In the late 1980s, the new type of applications which is electronic mail (e-mail) was widely adopted in the business world. When it was first introduced, this system was considered a major breakthrough.
In year 1992, The National Science Foundation lifted restrictions on the Internet allowing commercial use. CompuServe offers online retail products to its customers. This gives people the first chance to buy things off their computer.
In year 1994, Netscape arrived which providing users a simple browser to surf the Internet and a safe online transaction technology called Secure Sockets Layer.
In year 1995, two of the biggest names in e-commerce are launched which is EBay and Amazon.com. Generally, B2C websites are the bridge that link customers to suppliers such as EBay, online auction. Beside that, the B2C concerns itself with selling to the end user such as Amazon, online book retailers. On the other hand, the e-commerce that is conducted between businesses is referred to as B2B such as Microsoft sell his software to other organization.
In the very beginning, many people will have doubt on e-commerce but now it is become a modern tool, not only e-commerce revolutionized the world of wholesale, but also retail. As a result of that, the businesses are now continually searching for new ways to meet the needs of the online market such as Wal-Mart, they target on integrating consumer relationship with e-commerce industry to increases their customer base.
The technology used for e-commerce is young, but it's expanding faster than any before it and will soon be the most advanced system the world has ever seen and e-commerce is still one of the leading forces of economic growth today.
Posted by DownBang at 8:44 PM 0 comments
Labels: E-Knowledge, History
The success of Amazon.com and its causes
Amazon.com does not only sale the book, it also sale variety of electronic items such as video, music, health and fitness, wireless cell phones, house holds, software, and many more stuff. Besides that, Amazon.com also offer more types of products, more conveniently, and at lower prices to fulfill the customers need.
Amazon.com has been success in the field of e- commerce because the effective management and consumer identification in the market. The strategy for Amazon.com for selling the product is different from other e-commerce organizations. Its prudential approach generated a marginal increase to the revenues as well as expanded its existing commercial activities. So, when the market is slow, Amazon.com also has the globally customer base with a steady increase from its sales products.
Values play an important role in Amazon.com’s succeeding. There are two values that are practiced by Amazon.com. These are customer satisfaction and operational frugality. Due to frugality value, Amazon,com paid the lower rate of salary to employees compare than other company. So, it can invest more on branding and business expansion. However, Amazon.com sustain employee loyalty through employees own the company’s share. Therefore, when Amazon.com earns the profit, their shares will profit too.
Another factor that causes it success is customer services. This success is based on customer-value proposition, such as leave a positive impression to the visitor when they visit the Amazon.com site, while also providing buyers with reasons to visit the store again. Besides that Amazon.com has to perform as their promised, such as punctual delivery.
In 2008 Amazon expanded into film production and is currently funding The Stolen Child with 20th Century Fox. The domain amazon.com attracted at least 615 million visitors annually by 2008 according to compete.com survey.
Posted by QQ at 5:17 AM 0 comments
Labels: Failure and Success