Problem statement
Statement 1
To provide an efficient service that is fast, cheap, easy to use, and can reach an audience that is in any part of the world, eCommerce should be incorporated in any business that intends to take its services to another level.
Statement 2
At present, several businesses especially in the third world countries have not yet embraced commerce due to poor infrastructure, the initial cost of installation among other things. This makes it difficult for them to expand their businesses to regions that are outside their own and enjoy other advantages that accompany the use of eCommerce such as reduced cost of business, business efficiency among others.
Statement 3
Failure to embrace eCommerce hurts a business, especially one which plans to expand worldwide. This is because the traditional ways of doing business cannot guarantee several merits that eCommerce brings about. Thus to maximize profit and cut on costs of doing business, eCommerce is required.
Objectives
The objectives of this paper include the following:
- This paper intends to look at the rate at which several businesses have adopted the use of eCommerce. This is intended to find out how the popularity of eCommerce is spreading in several regions,
- Look at the benefits that are brought about by the use of eCommerce in several businesses in conducting transactions.
- The challenges that come with the use of eCommerce in business transactions.
Thesis statement
With the introduction of eCommerce, several businesses have experienced a significant change in terms of profit, efficiency, quality handling of customers among other things.
Literature Review Synthesis
Ecommerce activities
This segment of the literature review is intended to cover the various services of eCommerce. Those services include; business-to-consumer (B2C) services, business-to-business (B2B) services, Consumer-to-consumer C2C is another e-service, Business-to-employee (B2E) services, and governance. This is where we get to see these different services and how they apply or are used in eCommerce. Here, there will be a distinction on how several services of eCommerce are used.
Applying e-commerce in technical firms
In this section, we get to see how there has been a change in the application of e-commerce in businesses. This is because eCommerce has been shifting from its earlier focus which was on technology to a focus on the users of that technology. Here is where we get to see how the technical firms put eCommerce into use in business processes such as electronic data interchange. Reasons, why eCommerce has found a soft spot for landing in such industries, are also looked at in this section.
Factors influencing the adoption of eCommerce in various regions
This section is meant to look at the different rates in which eCommerce is used in different regions and as well as in different countries. This is due to the characteristics that are inherent in these countries or regions. There are different levels of technological infrastructure in different countries that affect the adoption of eCommerce. From the research, it is noted that different countries and regions are affected by different factors, and the level at which a country or region is developing translates to a factor that boosts the adoption of eCommerce.
Application of eCommerce using appropriate models
In this section, it is established that the use of eCommerce by business organizations is considered to be advantageous. This is because it is seen as one of how business organizations can stay competitive and relevant in the existing business environment. Different considerations that are to be adhered to during the initiation of e-commerce in business are also established since a business cannot just implement eCommerce without following any consideration.
There are different models of eCommerce that have been developed to exploit all the potential that come as a result of poor planning that is put into the initiative. If a firm focuses on a good eCommerce planning model, it will have a background for the organization eliminating gaps that will prove to be important in the implementation phase.
Benefits of eCommerce in supply chain management
Several benefits come with the implementation of eCommerce. Because of this, several business organizations are being forced to implement eCommerce. This is due to the benefits that come with it such as the reinvention of relations they have with their customers and suppliers by adding value to the relation at a cost that has been minimized among other such benefits.
Benefit of procurement
The practices of procurement have a positive effect when they are applied in business organizations. There is also a high rate at which procurement services in business are being adopted by these firms, this shows that several companies have embraced the use of eCommerce technologies which is a good way of conducting various business activities that have been mentioned earlier.
The support for eCommerce
The use of eCommerce can be applied both in large business organizations, as well as, small and medium enterprises. If these firms opt to use eCommerce, they will maximize their business potential. All these businesses despite their sizes will enjoy almost the same benefits that come with eCommerce.
Synthesis of Arguments Presented
Ecommerce has proven to have several benefits to all businesses despite their size. Furthermore, the use of e-commerce in several countries depends on various factors in those countries such as infrastructure among others. To successfully implement and put into use eCommerce, there should be a good planning model of eCommerce. If a proper implementation of eCommerce is done by a business organization, then that organization will see its profits being optimized.
Synthesis of Interpretations and Conclusions
As has been seen, e-commerce began in the late twentieth century and it involves the use of the internet by business organizations to optimize their businesses. It has been seen that businesses, as well as, other organizations are adopting eCommerce at a very high rate due to the benefits that accrue to eCommerce. This is because eCommerce is an effective tool for enhancing the performance of the business.
These businesses that are adopting the use of eCommerce are getting a lot of benefits that come with it. However, if there is proper planning before the implementation of eCommerce, then several benefits that come with e-commerce will be witnessed. It can thus be simply concluded that the adoption of eCommerce has several advantages in several aspects as much as it has a few disadvantages that are associated with it. It is because of this that most organizations are being advised to adopt the use of eCommerce