Business models for Internet-based e-commerce (original) (raw)
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The success of Internet based businesses in the Business to Customer segment in recent years is an indication of the events to unfold at the dawn of the new millennium. It is widely projected that the Business to Business segment is poised for a spectacular growth. However, a consistent definition and a framework for a business model for the Internet based business is still non-existent. This paper is an effort to fill in this gap. We propose a three dimensional framework for defining a business model and apply it to the emerging market structure. Furthermore, we also identify certain factors that would guide organizations in their choice of an appropriate business model. We also identify possibilities for further theory building in this area.
E-Commerce and its Business Models
International Journal of Managment It and Engineering, 2012
In the emerging global economy, e-commerce and e-business have increasingly become a necessary component of business strategy and a strong catalyst for economic development. The integration of information and communications technology (ICT) in business has revolutionized relationships within organizations and those between and among organizations and individuals. Specifically, the use of ICT in business has enhanced productivity, encouraged greater customer participation, and enabled mass customization, besides reducing costs.
Electronic commerce (E-commerce) facilitates trading in products and services such as information services, financial and legal services, using computer technologies such as websites, internet and e-mail. E-commerce is the buying and selling of goods and services or the transmitting of funds or data over an electronic network. It is a contemporary business methodology which addresses the needs of organizations, merchants and consumers to cut costs, while improving the quality of goods and services along with increase in the speed of service delivery using computer network. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems and automated data collection systems. Modern electronic commerce typically uses the World Wide Web for at least one part of the transaction's life cycle, although it may also use other technologies such as e-mail. Moreover, E-commerce also facilitates the farmers about the up-to-date market information on prices for farm commodities, fertilizer and pesticide inputs, and consumer trends related to trading of farm produce using computer networks such as the internet and online shopping web sites. E-commerce system could also be developed for providing informed decisions about the public or industry requirement of particular crops and commodities as well as about best time for marketing of the farm produce. Architectural framework of E-commerce includes the synthesizing of various existing resources like DBMS, data repository, computer languages, software agent based transactions, monitors or communication protocols to facilitate the integration of data and software for better applications. E-commerce business models can generally be categorized into seven categories, i.e., Business-to-Business, Business-to-Consumer, Consumer-to-Consumer, Consumer-to-Business, Business-to-Government, Government-to-Business and Government-to-Citizen. Though E-commerce offers many advantages to customers, business, society and nation, there are still some areas of concern that need to be addressed. The limitations of E-commerce include security, lack of privacy, tax issue, product suitability, cultural obstacles, high labour cost, legal issues and huge technological cost. In this article, E-commerce architectural framework and models will be discussed with reference to present scenario to provide expert knowledge to the consumers, businessmen and farming community about the transmission of funds or data, buying and selling of goods and/or information and legal services over the network.
RED’SHINE PUBLICATION PVT. LTD, 2022
NO. UNIT TITLE 1 E-Commerce Overview: Traditional Commerce Vs E-Commerce; E-Commerce & EBusiness; Categories of E-Commerce; Development & Growth of E-Commerce; Advantages & Disadvantages of E-Commerce. 2 E-Commerce Infrastructure: E-Commerce Architectural Framework; The Internet and Internet Protocols; Internet, Intranet and Extranets; Internet connection options; Security Issues in E-Commerce environment; Encryption Techniques; Payment systems; Legal, Ethical & Tax Issues in E-Commerce. 3 Online Marketing: Online Marketing; Business Models of E-Marketing; Online Advertisement; Online retailing; E-Auctions. 4 Online Services: Online Financial Services; Online Banking & Brokerage; Online Insurance Services; Online Real Estate Services; Online Travel Services; Online Hospitality Services; Online Recruitment Services; Online Publishing Services; Online Entertainment; ELearning. 5 Mobile Commerce: Definition of Mobile Commerce; Mobile Commerce framework; Growth of Mobile Commerce; Benefits & Limitations of Mobile Commerce; Mobile Network Infrastructure; Information Distribution for Mobile Networks; Multimedia Content Publishing; Mobile Payment Models; Mobile Commerce Applications.
UCJC Business & Society Review, 2024
The technological change that we experienced recently not only affected our daily lives, but it also started to affect business life and all areas related to economic activities directly. This change brought by technology also brought along new internet-based terms such as "new economy," "e-commerce, "information systems," "digital marketing," "FinTech accounting," "e-business, "e-state, etc. People and institutions change and economically develop themselves in order to increase their productivity and competitive power. Today, the backbone of the Internet is still growing rapidly on a regular basis, and the number of Internet users is rapidly increasing with regard to the dramatic changes that continue to happen within technology. The key element here is the term "adaptive," which includes the features of the Internet and expresses the open access to technical standards and changing opinions. By means of all these developments, the Internet’s area of usage is increasing worldwide day by day. The rapid increase in Internet usage carries shopping to different places. E-commerce provides increased visibility and sales by letting everyone that’s looking for your products online find you. Even when you’re targeting a niche audience, you’re guaranteed to expand beyond your shop’s physical area. And since shoppers don’t have to make it to your shop to browse your products, you’ll be gaining loyal customers across the country. Shoppers a hundred miles away will be browsing your products from the comfort of their own beds. This brings us to what, for most consumers, is the best part of e-commerce. Nowadays, the formula for business success is simple: drive innovation with information technology. So, the first thing start-ups in any industry try to figure out is how to make smart IT recruiting choices. Without the backbone of information technology, a business is not going to go far.