E-commerce systems are changing the shape of competition. E-commerce systems are changing the speed of action. E-commerce systems are changing the nature of leader ship. The streamlining of interactions, products and payments from customers to companies and from companies to suppliers is causing an earthquake in many boardrooms.

Monday, February 28, 2011

Definition of Internet Commerce

Definition of Internet Commerce
The internet is redefining relations between businesses and consumers enabling companies to sell their products and services around the globe on an unprecedented scale.

Shoppers can buy online at their convenience at any time and from anywhere.

It is necessary to distinguish terms e-commerce, e-business and internet commerce at the very start of the discussion.

There is a range of definitions for e-commerce relative to its perspective, may it be communications, business process, service or in the context of on-line business.

E-commerce can be defined as “the buying and selling of information, products and services via computer networks”.

While e-commerce encompass business activities that is conducted electronically, such as using the world wide web, the multimedia interactive component of the internet, telephone lines, leased lines and wireless, e-business can be understood as a superior set which extends the understanding of e-commerce to reflect the vision of the organization.

The goods or services are ordered over the internet, but the payment or ultimate delivery of the good or service may be conducted on or off line.

Internet or the information superhighway, has been well understood as the enabler or the enabling technology.

Subsequently, internet commerce refers to the marketing, selling and buying of products and services on the internet.
Definition of Internet Commerce

Saturday, September 18, 2010

Ease to Use online

Ease to use is the single most most importance need to fulfill for your potential customers. Building site that are speedy and easy to use has become increasingly important.

Thus, a successful, stickiness strategy would involve making large amounts of information and resource available without forfeiting the sense of familiarity and user friendliness that the site encapsulates.

Online customers are lazy; many are not technical savvy; and they will go elsewhere rather than tolerate difficulties.

Ease to use involves simplicity in access and in navigation online. They don’t want to wait more than ten seconds for a site to download.

They don’t want to scroll horizontally because a Web page doesn’t fit in their browser window, although vertical scrolling is OK.

They don’t want to wade through dozens of features and links that don’t interest them. They don’t want to try to understand unfamiliar jargon or to read long paragraphs of text.

Online customers want a professional, clear, and concise site, they want to be able to search and get accurate search results. They want the technolingo replaced by easy to understand wording.

They want to be able to find the right product and conduct the transaction quickly. After the transaction, they want fats shipping and an easy return process if return are necessary.

According to both conceptual and empirical studies of online trust, website ease to use impacts a trustor’s trust in the party who is considered accountable for the sign and maintenance of the website interface.

Expert argue that website interfaces that are perceived to be easy to use indicate that the other party associate with this interface invests in the relationship with website users and is thus trustworthy.

An easy to use website interface is also likely to signal that the party who is held responsible for this interface has the resources and qualifications to live up to his commitments and is thus trustworthy.
Ease to Use online

Saturday, July 24, 2010

Electronic Commerce

Electronic Commerce
The business phenomenon that we now called electronic commerce has had an interesting history.

For humble beginning in the mid - 1990s, electronic commerce grew rapidly until 2000, when a major downturn occurred. Many people have seen news stories about the “dot-com boom” followed by “dot-com bust” or the “dot-bomb.”

In the period from 2000 to 2003, many industry observers were obituaries for electronic commerce.

Just as the unreasonable expectations for immediate success fueled the high expectation during the boom years, overly gloomy news reports colored perceptions during this time.

Beginning in 2003, with the general economy still in the doldrums, electronic commerce began to show signs of the new life.

Companies that had survived the downturn were not only seeing growth in sales again, but may of them showing profits.

Although the rapid expansion and high levels of investment of the boom years are not likely to be repeated, this wave of electronic commerce is well under way.
Electronic Commerce
 

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