This assignment examines the impact of technology on businesses, highlighting both its benefits and drawbacks. It discusses how technology can lead to expansion, increased revenue, and cost savings. However, it also acknowledges concerns regarding security, privacy, and potential losses associated with this technological shift.
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Opportunities And Problems Of Social Electronic Commerce
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Table of Contents INTRODUCTION...........................................................................................................................1 Project objective...............................................................................................................................1 Project scope....................................................................................................................................1 Literature review..............................................................................................................................1 Research Questions..........................................................................................................................2 Research Methodologies.................................................................................................................3 Research Limitations.......................................................................................................................4 Research Plan...................................................................................................................................5 CONCLUSION................................................................................................................................5 Reference List..................................................................................................................................6
INTRODUCTION Social electronic commerce is part of electronic dealings which has provided many opportunities in the market. With the assistance of this systems transactions has become more easy and effective and also limitations of accessibility is almost vanished form the society. Different social sites are utilised in this context and buying and selling of goods and services is made possible. It is not true to say that social commerce has always positive results as there are also various drawbacks of the same (Aggarwaland Zhai,2012). In the following report the problems and opportunities of this system will be discussed in depth which will help user in understanding the subject matter in more detail. Thereafter, the research methodology will also be described in depth in the text below which will show what all options are available with the researchers to gather the required information. Project objective ï‚·To analyse the opportunities and problems faced by social electronic system ï‚·To study the overall impact of e-commerce Project scope ï‚·The given report will cover all the aspects related to the e- commerce mainly focusing on the problems and opportunities offered by same. Literature review According toAggarwal,(2011) e- commerce is helping different industries which wish to expand the total business using the online sites. They promote their products through various sites and accordingly revises orders for the same. It shows that this concept has brought a positive move for companies who do not exists physically and can be accessed only through their websites. On the other hand as per the context ofBrown, and Green, (2012) e- commerce utilization is limited to the extent of advertising and promoting. He suggest that marketing is the core opportunity introduced by the digital commerce and is limited to that only. After this when the views ofTurban, and et. al., (2015)were analysed it was observed that if the market which is unexploited by e-commerce is added under the domain of digitalisation hat quick growth can be experienced. For same it is necessary that the market is investigated deeply so that possible opportunities can be achieved an growth can be experienced. Also in the views ofHuang, and 1
Benyoucef, (2013) after the introduction of social electronic commerce the purchasing power of the middle class has raised to a good level. It is due to the reason that a variety of options are now made available with comparatively less price which further promotes higher profits.Liang, and et. al., (2011)brought in front various problems related to the same system. He says that afetr the introduction of digital commerce the issue related to accumulation of excess of inventory has raised to a great level. It is due to the reason that under this concept it is difficult too predict the expected supply which further leads to the issues in supply chain. Also, apart from this there are problems which are in connection to the delivery of the commodity. Due to high possibilities of return sellers are always at the risk involving with the cost of delivery which is high and if not recovered than may lead to excess of loss to the company. Jackie and Gilbert presented the other ethical issues related to the subject matter. They says that in this system privacy is at risk as while placing the order customers need to give their personal information which if in case is miss-used than can lead to great risk. Apart from this it is also evident that process of completing the e – commerce transaction can not be successfully done until the personal data is shared among the seller and buyer. Hence there is possibly no solution to the refereed problem of digital business. With the privacy issuesMayo, (2014)discussed the security issue also which are associated with the same concept. He says that internet has given immense ease to customers that they can reach to every minute detail related to a particular product. This way problems can be created by unfair use of available information and can bring adverse effects to the society. Another issue which is faced by this code of conduct is under this system the total margin for the suppliers get reduced which further decreases the income of the business. It is due to the reason that much margin gets less due to expenditure incurred on cash on delivery. In this manner the suppliers has to share their profit which limits their capacity to grow. In view of Turban,Bolloju, and Liang, (2011) it is not like that the subject matter offers only the disadvantages. It has also provided positive change in the current business scenario. The cost of construction of offices and its maintenance is eliminated as in online business no fancy physical property is required and stock can be simply kept on go downs. This way the saved cost can be used for other productive purpose which can help an entrepreneur in developingto a great extent. Research Questions Does social electronic commerce has brought development in present business world? 2
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ï‚·What are the problems faced in e- commerce? ï‚·Discuss the different opportunists offered by social commerce. Research Methodologies In order to collect information sources are required by the researcher. There are immense options which re available in the surroundings through which the data can be extracted. Depending upon the nature and type of information the mode is selected. In the given research report the methods which are utilised are given below in detail: ï‚·Information accumulation:in order to gather the data there are two strategies that is collecting it manually for the first time or using the already available data. In this report the two techniques have been utilized for collecting the information. Primary strategy is one that is gathered and which isn't distributed earlier while in the other method, data which is now distributed by various writers in different books, diaries and so on are taken. There are distinctive techniques for gathering the essential data that is study, poll, and so on (Yadav, and et. al ., 2013). In exhibit investigate analyst will utilize review strategy for gathering the data in which inquiries will be solicited from the employees of Amazon. Apart from this, indirect data can be gathered through books, diaries, web and so on. In the provided report investigator has made utilization of books and diaries for gathering data. Adjacent to this, there together exists another incite necessity of directing a questionnaire for considering the viewpoints of the employees working with amazon. ï‚·Research approach: It is likewise one of the compelling strategy which feature the example through which information will be gathered. For the most part, two sorts of research approaches are present under it that is deductive and inductive. In the present investigation specialist will utilize deductive approach because of the idea of the open writingwherethisexamination willbemorecentredaround the makingof new hypotheses (Silverman, 2016). Here, research will be done on the premise of the accessible data. The purpose for choosing these procedures is it enables researchers to grow profound comprehension of the subject presented. ï‚·Research configuration: Study design is the procedure through which facts of gathered data isgiven in methodical way. In this exploration, specialist will utilize descriptive examination outline since it helps qualities of populace incorporated into the flow look 3
into. This exploration configuration will be utilized in light of the fact that with the assistance of this researcher can without much of a stretch get access of legitimate wellsprings of data on the premise of which substantial results can be drawn (Brinkmann 2014). Information examination:For investigating the gathered information there are two sorts of strategies that is subjective and quantitative procedures are utilized. In quantitative systems, all the gathered information is displayed in numeric frame. Then again, in subjective strategies all the assembled data will be reflected in textual form. In the existing report, investigator will utilize subjective method under which all the data will be available in textual form(Flick, 2015) Research Theory: Research theory means the conviction, supposition and estimations of researcherfortheexistingsubject.Tworesearchreasoningaretherewhichis interpretative and positivism. In the present report analyst will utilize interpretive theory since it indicate the single concept with various number of certainties. Thereafter, this rationality is exceptionally affected by the strategy for research which will be done in this investigation. Owing interpretive rationality help with receiving legitimate outcome for the present theme. It would be viable for the analyst in regard to grow profound understandingwithrespecttopartofforefrontsupervisorsinupgradingworker engagement (Neuman and Robson, 2014). Sampling:Under this examining techniques different options are available that is probabilistic and non-probabilistic. Under the given study, non-probabilistic inspecting procedure will be utilized under which purposive examining technique will be utilized. Here 20 workers will be chosen for getting the response on the effects of e – commerce (Smith, 2015). Research Limitations While conducting the research the biggest limitation which was faced was of the limited time provided. In order to provide the quality information it is necessary that the required time frame is given so that all the quality aspects can be put in front. When enough time is provided work can be done with greater efficiency and hence the results are more useful. Another limitationwhichwasfacedwasofthebudgetprovidedagainstthesame.Toconduct 4
investigationatthisscalemuchfundsarenecessarysothatmaximumstandardcanbe maintained. Apart from this similar data availability at different secondary resources acted as a barrier. Different authors had almost same views on the subject matter which restricted the variety in the quantity of collected data. Apart from this it is also observed that when same research aspects are discussed again and again the quality of whole study gets affected and hence this way the user losses interest in the presented investigation. Research Plan While conducting the research various steps need to be taken which give effective results if proper planning is done in advance. For this researcher needs to prioritise each task so that accordingly he can allocate his time and resources accordingly. This will help in achieving the desired results and therefore the objective will be accomplished. Given figure shows the time taken by each activity according to which the research was completed. CONCLUSION From above research report this has been summarised that social electronic commerce has mixed effects on the present business environment. As per the view of different authors it provided various opportunities to an enterprise to develop and experience expansion in the business with the use of such technology. The revenues got increased due to saving in the cost which further helped the enterprises in investing the cash in the sections which can bring better results. After this the given report also shows also how the same has negative effect on the 5
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business scenario. This is due to the reason that with the introduction of this system fear of security and loss of privacy is observed which can lead to great loss to an individual as well as to the enterprise. 6
REFERENCES Books and Journal Aggarwal, C.C. and Zhai, C. eds., 2012.Mining text data. Springer Science & Business Media. Aggarwal, C.C., 2011. An introduction to social network data analytics.Social network data analytics, pp.1-15. Brown, B. and Green, N. eds., 2012.Wireless world: Social and interactional aspects of the mobile age. Springer Science & Business Media. Huang, Z. and Benyoucef, M., 2013. From e-commerce to social commerce: A close look at design features.Electronic Commerce Research and Applications.12(4). pp.246-259. Liang, T.P. and et. al., 2011. What drives social commerce: The role of social support and relationship quality.International Journal of Electronic Commerce.16(2). pp.69-90. Mayo, E., 2014.The social problems of an industrial civilisation. Routledge. Turban, E., Bolloju, N. and Liang, T.P., 2011. Enterprise social networking: Opportunities, adoption, and risk mitigation.Journal of Organizational Computing and Electronic Commerce.21(3). pp.202-220. Turban,E.andet.al.,2015.Electroniccommerce:Amanagerialandsocialnetworks perspective. Springer. Yadav, M.S. and et. al ., 2013. Social commerce: a contingency framework for assessing marketing potential.Journal of Interactive Marketing.27(4). pp.311-323. Silverman, D., 2016.Qualitative research. Sage. Brinkmann, S., 2014. Interview. InEncyclopedia of Critical Psychology(pp. 1008-1010). Springer New York. Flick, U., 2015.Introducing research methodology: A beginner's guide to doing a research project. Sage. Neuman, W.L. and Robson, K., 2014.Basics of social research. Pearson Canada. Smith, J.A. ed., 2015.Qualitative psychology: A practical guide to research methods. Sage. 7
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