This study analyzes the impact of Brexit on e-commerce and proposes system architectures to support e-business. It examines different strategies and activities in e-business and discusses the legal and security implications of Brexit. The study also suggests ways to attract and reach more clients through e-business.
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Running head:BREXIT AND E COMMERCE Brexit and E commerce Name of the student: Name of the university: Author Note
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1BREXIT AND E COMMERCE Executive summary The e-commerce is seen as the business made through online and includes different money transactions. Here, the Brexit or British Exist has been opted as the case study. This denotes to the decision taken by U.K. on June 2016. It is the referendum for leaving the European Nation. The analysis is made on Brexit and e-commerce. The study the critical assessment s performed on different kinds of strategies and tasks. Apart from this, a justification is done and a proposal is made for the system architectures for supporting the business.
2BREXIT AND E COMMERCE Table of Contents 1. Introduction:......................................................................................................................................3 2. Finding of research questions for the current case:...........................................................................3 2.1. Identifying the research questions:.............................................................................................3 2.2. Explaining the research questions:.............................................................................................3 3. Suggesting and providing justification of system architectures to support the e-business:..............4 3.1. The summary of the applications needed:..................................................................................4 3.2. Understanding the interfaces required for needed standards:.....................................................6 3.3. Explaining how the applications has been differing from current systems:...............................8 3.4. Identification of benefits:..........................................................................................................10 3.5. Response and analysis of the research questions:.....................................................................12 4. Conclusion:......................................................................................................................................12 5. References:......................................................................................................................................13
3BREXIT AND E COMMERCE 1. Introduction: The e-commerce is also denoted as the electronic commerce and Internet commerce. The innovation includes various types of transactions of money. This also considers the data and funds that are important for managing business through Online. The tasks are undertaken in various ways. They involves the customer to business, customer to customer, business to customer and business to business. In the present study the Brexit or “British exist” is chosen as the case study. It refers to the decisions of United Kingdom during June, 2016. Further, this is the referendum to leave the entire European Union. In this study an evaluation is done of E-commerce and Brexit. Here, in the discussion to critical analysis is done on various current strategies and activities of e-business. Further, a proposal and justification is provided for the system architectures to support the e-business. 2. Finding of research questions for the current case: 2.1. Identifying the research questions: The questions includes the following. To what extent Brexit can put the impact over the various legal elements for the SME business? Till what limits can Brexit affect the security of the e-commerce innovation?
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4BREXIT AND E COMMERCE 2.2. Explaining the research questions: The first question helps in understanding the limit to which Brexit can put effect to entice anyone to commit crime or anything that is illegal for SME business. Further, it helps in understanding whether it was agreed through deceptive and misleading duress, unconscionable conduct, duress and undue influence. The second research question would deal with the idea of where, when and how the clients can perform shopping and how the e-commerce is developing. The case of Breexit would highlight about what have worked and never be counted on for the future of e-commerce security. 3. Suggesting and providing justification of system architectures to support the e- business: 3.1. The summary of the applications needed: At the first place, there is the levels of enterprises. It has been relating to various strategic directions of Brexit. Apart from this, it has helpful for imparting the effect of the business behaviors and provide the supplies and collaborations of the customers. It is also useful to influence on the business behaviors. Further, it has been also useful to provide and make collaborations of clients (Reillier and Reillier 2017). Apart from this, it has been assisting the collaboration of clients at various areas of sales, customer relations, customer and marketing contracts. Apart from this, there are functional levels. It is the e-business architecture model related to elements of value chains. This is also helpful to seek the main process-to-process relations. Moreover, it has been related to those who are related to make collaborations with clients. Further, there is the operational level. Here, it is stated as the architectural model for the e-business (Hawlitschek, Teubner and Gimpel 2016). It denotes to the detailing and documentation of integrates
5BREXIT AND E COMMERCE definitions and processes. At the operational level, it is helpful for defining the task executions, process roles, controlling points and supporting the roles and applications of processes. It can also promote the consistency and integration with the help of same type of web services, various operating systems and various view-points that are conceptual. This is helpful to communicate within architectural model from the physical view (Conejero, Jordán and Sanabria-Codesal 2016). At the first place, Brexit has needed to think about the overall worldwide expansion. This is useful for risisng the revenue. This can be done through assuring the online stores to make worldwide success. Next, they are intended to make various currencies to be visible. They are needed to ensure that the policy gets adapted to make changes as any additional cost takes place. It has also included the avoiding the margin disruptions (Bayram 2018). Apart from this, extra ecommerce markets can also be focused. Further, they must also consider the geoblocking. Further, the fluctuation of the currency is also needed to be followed. As one takes belief in the effect of Brexit to be hurting the business greatly, the member stat can also considered to be moving. Again, Brexit has been also unfolding the control over what has been happening at regular basis (Batra 2018). Now, different strategies are highlighted hereby: Social media strategy: It has been changing into an important concentration for the e-business owners. This is the smart strategy of the social media. It has included the setting of the accounts on Twitter and company’s blog. They are used to bring the readers with useful information. It is related to the products and services provided by various business (Chen et al. 2017). Here, for instance, the Twitter has been utilized in effective manner to notify the followers of the fresh information. Besides, the social media can also be utilized as an important persuasive source for risisng the sales.
6BREXIT AND E COMMERCE Understanding advertising strategy: Here, many methods can be considered for making the advertisement. Apart from this, the business has needed for coming up with different keywords. They are related to the products and services. In this popularity test can be done for the keywords and the best ones can be used on the campaigns of advertising. Further, the business owners has been a look to making money at home (Weinstein 2016). Development strategy: At this place, Brexit has not been out of money about the product and service for promotion. Here, they has been selling various virtual products such as e-books regarding self-help. It has been affiliated to 75% of the overall sales. Apart from this, they are found to be delivering the affiliation of various advertisements. This also involves sales copy and helpful resources to get started (Steppe 2017). Again, the affiliations has been considering the advertisements and clients are set to the primary company. Thus, one can make the purchases. The affiliation is 70% of the sales and the business has been getting feedback of about 20%. 3.2. Understanding the interfaces required for needed standards: Within the model for e-business architectures, there are supply of collaborationsand customers under the interfaces. The supply of the collaborations related to the business process, information required for operations and information technology. Further, the collaboration of customers are needed for the business processes, rules, data and information technology needed for the business partners, This also involves the customer supports, customer services, sales and marketing(No and Kim 2015). Further, within the service organizations there are calculations for the idle capacity. It actually includes the quantity of employees. Here, the capacity of resources is
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7BREXIT AND E COMMERCE measured for machine hours including the square feet and staffs. It is compared with industry standards for assessing the efficiency of the Brexit. The ways in which the applications has been different from the current systems: The strategies are useful for the companies to modify the e-business. Here, all the aspects of the enterprise are also involved. They has been forming designing of products and services of customers. This can be used through computer systems.
8BREXIT AND E COMMERCE Advantages of the methods of measurements: Here, the primary advantages is that they are simple to set-up. Furthermore, this has been cheaper than the traditional format of business. Here, the expenses are seen to be setting eh e- business to higher extent. Moreover, there are no type of geographical boundary. Any individual has been ordering the element from any point of time. The e-business can break into different time barriers in the presence of Internet. This is encountered by business. Further, there is the Average Order Value and AOV(Marhayanie, Ismail and Muda 2018). It denotes to the average dollar to be sent every time as the customer put orders over website and mobile applications. Next, there is abandonment of shopping cart. 3.3. Explaining how the applications has been differing from current systems: The current systems has been fossicking on the exchange of services and products with personal interactions. This it has been manual as the e-commerce trading tasks are done through Internet and is seen to be atomic. The current systems has been restricted to the hours mainly during the day. On the other hand, the applications discussed has been continuous through the day. Again, the current commerce has been permitting the buyer to be physical and inspect the goods and then test the services prior making the purchase. On the other and, the e-commerce, services and products as not be investigated suitably. Again, in terms consumer interaction, the resent application is screen to face-to-face. Moreover, the current application is not limited to any specific geographic locate and it is global without any physical barrier. With the current commerce, there has been no distinct platform for exchanging information. Contrawise, the present application is distinct as far as uniform platform to exchange the data are considered. Unlike the current case, the business relationships are linear in nature and the e-commerce in the resent case is end-to-end. As the marketing is concerned the conventional commerce has been considering the way towards marketing approach. The present
9BREXIT AND E COMMERCE application on the other hand has been tang into consideration of the strategy of marketing. Further, the payments models has included the credit cards, cheques and cashes. On the other hand, the current system has been including the fund transferring, number of credit cards and so on.For the current system the delivery and goods and services are instant. On the other hand the delivery of e- commerce has been taking much time. Besides, it has been complicated to maintain and establish the standard practices currently. Nevertheless, the applications a helpful to maintain and establish uniform strategies. Here, the renovation of business process has been including various process of radical strategy of BPR or Business Process Reengineering. Further, it has included the CPD or Continuous Process Development. This consists of enough IT and infrastructures of e-business. Further, the method of renovation is the strategy for re-engineering. This is helpful to critically exam the current business policies, practices and procedures. Further, one can rethink about the different mission critical projects and redesigning. This also involves the processes and services. Again, the efforts of BPR at the earlier stages has been denoting primarily to the internal benefits such as cost reduction of company’s downsizing and operation efficiency(No and Kim 2015). The CPD on the other hand, it has been relying to develop the present measures of business. This is instead of any expectations to change. Apart from this, BR has revealed that it is a balanced approach for controlling the realistic modifications to seek the where radical changes can be tried (Bi, Davison and Smyrnios 2017). Again, there is efficiency and renovation, hat must be assimilated by business. Moreover, it is seen that information technology and specifically the infrastructures. Apart from this, it is also seen that IT and business infrastructures are seen to be playing a notable role for the e-business process. This also requires the development of causes and needs of the current product development and making commandmentsontheinnovativebusinessmodels.Hence,asBrexitfollowstheoverall implementation of the business, there are changes that can lead to broader changes. This can affect
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10BREXIT AND E COMMERCE the products, markets and society. Again, the created business strategies across the information flow and the value chain flow. This denotes that the e-business and the information technology is main driver and initiator of business strategy. Further, the relationship and influence occurring between the BPR and e-business strategies are essential for classic tests at the area. 3.4. Identification of benefits: It is useful to attract and then reach various clients. The e business has been delivering scopes to each new and more clients. They has been giving the opportunities to reach more clients. Within the traditional market, there has been various retailers who has been running the business with personal relations, brandings and references. Because of the SEO, this has been common o the e- commerce portal to gain different visitors of the landing page. It is due to the search of specific products and services across Online and it is because of the browsing of the website. Apart from this there are accessibilities and easiness (Chatzoglou and Chatzoudes 2016). Here, the availability has been an important benefit for the website. Moreover, the e-commerce is a preferred way of shopping as it is been enjoyed with easiness and more convenience. At this place, the catering of e-commerce for buying different scopes that ate faster and user-friendly with continence has been considered here. Brexit can miss its efficient clients as they are absent over the Internet. These are the customers who wishes and never gets the access to the market. This is because of the hectic time-constraints or the schedule. Apart from this, it is useful to focus on the buyers habits. Thus ne can target the clients over the Internet with same type of products. This is to help the prior browsing history. In this way for satisfying the instant necessities, Brexit can develop strong and long-term relationship with the clients. The initial reason is that eBusiness is useful to decline the costs. It is clear that the costs are been inserted within the design. This also involves the maintaining and deployment of e-business. In
11BREXIT AND E COMMERCE this way, cost saving is done for valid reason. Here, for example, depending on the business involved, the e business approach has been decreasing the unit costs through the rise in sales and higher through puts. Thus, the relying on the involved business, the approval to e-business has been found to be declining the expenses(Illgen and Höck 2018). The primary planning has been to query whether the good and services are provided for turn into attractive for the clients with the electronic presentation medium. The items of high-touch has been sold traditionally to the clients over the Internet. Here, the product has been appealing to the customers over the Internet. Within the sales routs, the agents are found to be completing the sales. The needs of business has involved the storefront of the solutions. Again, various competes must be established. It is helpful to implement the competitors hat has been undertaking that. It is complex for the enterprise to ignore and the reasons has turned to be cautious. As the competitors has been undertaking that it has been never indicating that to be the suitable aspect to perform. After that the combat should be performed on the advantages. This must be done at the marketplace with more benefits. It is impossible for avoiding to what has been occurring with the present eBusiness(Agag and El-Masry 2017). Ways to measure the benefits: In order to closely monitor the effect and cause of relationships for the benefits various casual linkage models can be deployed. Further, appropriate metrics can also be developed. It should be consistent with and then support the aims and drivers and the primary success factors that are defined already. Here, the chosen metrics has been likely to be including the assimilation of outcome metrics, outputs, processes and inputs for measuring the performance effectively. Further, the involved senior managers under the process of ecommerce decision making has been developing the metric suitably for the objectives and strategy of the initiative of e-commerce. This also involves the
12BREXIT AND E COMMERCE stakeholders and companies. Thus, to measure the process of selection, it is helpful for the involved people for choosing the measures and focus on the senior managers involved. This is under the e- commerce initiative over critical indicators of performances. Here, for the success factor, the targets has been determined and the results has been calculated against the targets. Next, the outcomes has been communicated broadly for the senior managers who are involved directly under the initiate of e-ecommerce However, the individuals under the business has been on the initiates that has been putting the effect. 3.5. Response and analysis of the research questions: It is understood that Brexit can put effects on different legal elements for the SME business through various ways. It can be helpful to enhance the business concept financial features, financial requirements and present business positions. The Brexit can impact the security of e-commerce innovation through many ways. This can be helpful to mitigate the threats that are naturally rising with exposures. Next, the vulnerabilities can also be checked that increases with the rise of complexity. 4. Conclusion: At first there is the analysis of threats of the resent business. Since, the business has been makingadoptionofeBusiness.Thisisnotpossibleforfindingthesuitablecasesforthe organizations adopt the strategies. It is certain that every enterprise has been aware of the e business trendandcompetitor’sactivities.Inthiswayonecanconstantlyanalysesthesituationat marketplace. Thus they can seek the identity. Different manners has been there for anticipating the new entrants and current players to pose serious threats through eBusiness. Apart from thus, the different business strategy that are demonstrated in the above discussion must be adopted by Brexit.
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13BREXIT AND E COMMERCE In this way, the thinking should involve the threats that are actual. The new business must achieve the success and remain within enterprise. The main concentration is for creating relationships and provide the data. This has been on hard selling. Furthermore, Brexit can utilize the social media sites. It is used to share the informative articles of the benefits that are wear with proper shoe for various acts of sports. At this place, the goal for making the content useful with the product is to make the selling. In this way, the business can run the risk for sustaining the stagnant. Thus, there is the same type of aspect that is true for the virtual market. Furthermore, it can be said, threat the e business strategy developed has included the considering of advantages of the latest scope of marketing. Thus, the target to the wider audiences for products and developing the affiliation program of marketing is highly required. It is essential for products and services. This has been of less cost manner for developing the force to be effective for sales. It has been affiliating to get page as the sales are made. 5. References: Agag, G.M. and El-Masry, A.A., 2017. Why do consumers trust online travel websites? Drivers and outcomes of consumer trust toward online travel websites.Journal of Travel Research,56(3), pp.347-369. Aithal,P.S.,2015.ConceptofIdealBusiness&ItsRealizationUsingE-BusinessModel. International Journal of Science and Research (IJSR), ISSN (Online), pp.2319-7064. Batra, R., 2018. Harnessing Disruptions for Marketing Strategies.Handbook of Advances in Marketing in an Era of Disruptions: Essays in Honour of Jagdish N. Sheth, p.147. Bayram, A.K.A.Y., 2018. The Use of Information Technologies (IT) in Car Rental Businesses. Social Sciences Researches in the Globalizing World, p.411.
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15BREXIT AND E COMMERCE Hiles, A. and Hon, F.B.C.I., 2016.E-business service level agreements: Strategies for service providers, e-commerce and outsourcing. Rothstein Publishing. Illgen, S. and Höck, M., 2018. Literature review of the vehicle relocation problem in one-way car sharing networks.Transportation Research Part B: Methodological. Jia, W., 2017. 45. Optimization of Data-mining-based E-commerce Enterprise Marketing Strategy. Revista de la Facultad de Ingeniería,32(13). Jiang, J., 2016, June. The Challenges and Opportunities of Sharing Economy-a New Wrapping for Doing Business Online?. InPACIS(p. 111). Kaptein, M. and Parvinen, P., 2015. Advancing e-commerce personalization: Process framework and case study.International Journal of Electronic Commerce,19(3), pp.7-33. Ke, D., Chen, A. and Su, C., 2016. Online trust-building mechanisms for existing brands: the moderating role of the e-business platform certification system.Electronic Commerce Research, 16(2), pp.189-216. Leung, K.H., Choy, K.L., Siu, P.K., Ho, G.T., Lam, H.Y. and Lee, C.K., 2018. A B2C e-commerce intelligentsystemforre-engineeringthee-orderfulfilmentprocess.ExpertSystemswith Applications,91, pp.386-401. Marhayanie, M., Ismail, M. and Muda, I., 2018, January. Impact of Smartphone Features on" Omset" Services Online Car Rental. In1st Economics and Business International Conference 2017 (EBIC 2017). Atlantis Press. Mazzarol, T., 2015. SMEs engagement with e-commerce, e-business and e-marketing.Small enterprise research,22(1), pp.79-90.
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16BREXIT AND E COMMERCE No, E. and Kim, J.K., 2015. Comparing the attributes of online tourism information sources. Computers in Human Behavior,50, pp.564-575. Reillier, L.C. and Reillier, B., 2017.Platform strategy: How to unlock the power of communities and networks to grow your business. Routledge. Soto-Acosta, P., Popa, S. and Palacios-Marqués, D., 2016. E-business, organizational innovation and firmperformanceinmanufacturingSMEs:anempiricalstudyinSpain.Technologicaland Economic Development of Economy,22(6), pp.885-904. Steppe, R., 2017. Online price discrimination and personal data: A General Data Protection Regulation perspective.Computer law & security review,33(6), pp.768-785. Wang, P., Chaudhry, S. and Da Xu, L., 2016. Introduction: Advances in e-business engineering and management. Weinstein, A., 2016.Superior customer value: Strategies for winning and retaining customers. CRC Press. Xu, S.X. and Huang, G.Q., 2017. Efficient multi‐attribute multi‐unit auctions for B2B E‐commerce logistics.Production and Operations Management,26(2), pp.292-304. Zhu, Z., Zhao, J., Tang, X. and Zhang, Y., 2015. Leveraging e-business process for business value: A layered structure perspective.Information & Management,52(6), pp.679-691.