My first entry to this blog will be about the first topic as I thought this would be a good place to start a review on the introduction to e-commerce.
I find that using the concepts that e-commerce encompasses in the real world occurs at almost every part of the working day in my environment, from doing my personal online banking to communicating with brokers for a clients draw down of funds. I do also recognise that e-commerce is more than simple transactions using B-pay or EFT, but anything that involves modern technology and online means of performing actions that results in business transactions.
The question is that whether e-commerce is as simple as transferring or adapting old methods and business processes into electronic formats? The concept that e-commerce was always a course of natural progression could be debated. B2C, C2C and B2B commerce models would of always moved into the online realm. Personally I consider that e-commerce was always the natural manner in which business strategies would progress, as concepts such as reducing costs, increasing exposure, increasing communication and leveraging more effective and efficient means of doing business.
Evidence of how integral e-commerce has become in our world today, sum of the largest companies on the Earth are ones whose primary strategic business units are providing online services and products. Not only are their primary sources of incomes converted through the online portal realm, the overall business is steered due through concepts of
e-commerce. It was good to also take note that despite this surging boom in e-commerce, not all answers can be found or problems fixed by utilising it. Some of the largest corporate crashes have been caused by failures or failure to take certain actions. Since computers are such powerful tools, manipulation of data and access to sensitive files are some of the negative aspects that will destroy a company from the inside out.
The concept relating to information being created and treated as a purchasable commodity I found to be quite agreeable. Information today is probably the most sort after and powerful form of “good” one can buy. If information is power, e-commerce is the tool that allows for business and customers alike to acquire it. Everything from travel information to the trading of national secrets is done through online resources.
e-commerce and the Internet itself is such a powerful tool that all the major types of interactions encompassing the Business 2 Consumer model, Consumer 2 Consumer model and Business 2 Business model have a specific role online. These 3 major models have shaped the manner in which we (the consumers) look at all marketplaces today. The Internet as a tool for seeking information on commonly used terms such as “pricing, industries, competitors, offers, alternatives, rare items and international access” has become second nature to many, many people.
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2 comments:
Paul I echo your thoughts on this first topic. I had no thought as to how big a role e-commerce played in my everyday life both at work and personally. I work for a law firm, for many obvious reasons we are not an e-tailor as selling advice on-line would be rather complex at this point in time. However, e-commerce has many different advantages for this type of industry. As you stress information is power and this is where e-commerce has proved to be invaluable in the law industry. Who knows, perhaps down the track the vanilla type transactions such as leasing or trademark legal work may in time be sold on line?
Your third paragraph was a bit of a clincher for me. Until I read your post the simple thought of achieving the same outcome for example paying a bill but just going about it in a different more convenient way and using e-commerce technologies to achieve this. As you note interestingly not all solutions can be found using e-commerce and one thing for sure is that the introduction of the internet phenomena has created immeasurable conveniences.
Sorry Simon, I called you Paul in error. Not sure how to correct this...
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