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Business Skills for e-Commerce: Assignment

   

Added on  2021-04-17

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BUSINESS SKILLS FOR ECOMMERCE 1BUSINESS SKILLS FOR ECOMMERCEBy NameCourseInstructorInstitutionLocationDate
Business Skills for e-Commerce: Assignment_1
BUSINESS SKILLS FOR ECOMMERCE 2Task 11.1Core Business Function and SWOT Analysis of “ULKOM BICYCLE HIRE”.The core business function of this organization is to increase the sale of bicycles to customers all over the available markets. In that connection, the company need to initiate a program that will attract many customers as possible. As a profit making organization, the company should continue using the new technology so as to facilitate the process of selling these bicycles. The function of this organization also relates to the process of hiring bicycles.In that connection, the company need to record accurate data on hired bicycles so as to maintain a proper record on all transactions taking place within the company. Lastly, record keeping involves management of data. Therefore, database management system must be accurate. This process is very important to the company which remain as part of organization’s core business function. This process is facilitated by SWOT analysis as indicated below.SWOT AnalysisStrengths 1.The company has skilled employees.2.The company has managed to achieve competitive advantage.Weaknesses 1.There is more market that has not been ventured. 2.The use of manual record limited profits generated.Opportunities 1.There is an opportunity to attract more customers. 2.More sales can be made.Threats 1.Competition may arise.2.New stores may take time to adopt database system.1.2How to Achieve Business Aim by Considering Business Strengths.The company has managed to develop a database management system to facilitate the process of hiring and selling bicycles from all the branches. This is the main strength because the company can increase the profit margin. The main aim of this company is to make profits. Thus, use of database system will increase market venture. Ecommerce process will attract customers all over the globe
Business Skills for e-Commerce: Assignment_2
BUSINESS SKILLS FOR ECOMMERCE 3thus increasing wealth margin. The positive part of SWOT analysis can be used to explain this concept.Strength 1.Ability to use database system for recoding sales and hired bicycles.2.Ecommerce for selling increase wealth margin.Opportunity 1.There is an opportunity to attract more customers. 2.More sales can be made.Task 22.1Impact of Introducing E-Commerce System to ULKOM and Risk Associated to SystemImplementationE-Commerce is a technology applied to conduct business transactions via the internet. In this process, customers can place orders on products they wish to purchase and then make payment via credit card transfer. For this company, there will be increase in sales made through e-Commerce since customers will be attracted from all over the globe (Dann & Dann, 2007). This will increase growth and development of the company and more profits will be collected. However, this process is not applicable in marginalized areas without internet connectivity. E-Commerce business is also affected by cyber-attacks thus becoming difficult to implement. 2.2Economic and Social Impacts of E-CommerceEconomic impactsThis business process increase market venture where transactions made are simple to undertake within a very short period of time. In that connection, companies are able to increase their profit margin at a significant rate. Again, apart from internet connectivity, there are fewer transaction costs associated with this process. Customers are able to save money andtime.Social impacts
Business Skills for e-Commerce: Assignment_3

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