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Challenges and Opportunities of Electronic Business: eBay Australia PDF

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Added on  2021-06-14

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Businesses in Australia and the world over are increasingly adopting the Internet and the World Wide Web (WWW) as mediums of trade to carry out online transactions. The Internet and the WWW are essential for E-commerce as they allow businesses to reach new suppliers and customers enabling the firm to expand its market (Singh, 2002).  This chapter gives a detailed account of the background of the study exploring E-commerce in Australia, the challenges, and opportunities experienced by businesses that use the internet to carry out business transactions.

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Challenges and Opportunities of Electronic Business: eBay Australia PDF

   Added on 2021-06-14

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Running head: CHALLENGES AND OPPORTUNITIES OF ELECTRONIC BUSINESS1Challenges and Opportunities of Electronic Business: A Case Study of eBay AustraliaStudent’s NameInstitution
Challenges and Opportunities of Electronic Business: eBay Australia PDF_1
CHALLENGES AND OPPORTUNITIES OF ELECTRONIC BUSINESS21.IntroductionBusinesses in Australia and the world over are increasingly adopting the Internet and the World Wide Web (WWW) as mediums of trade to carry out online transactions. The Internet and the WWW are essential for E-commerce as they allow businesses to reach new suppliers and customers enabling the firm to expand its market [ CITATION Sin02 \l 1033 ]. The Internet and WWW are digital technologies and are used to enhance communication between suppliers and buyers. This chapter gives a detailed account of the background of the study exploring E-commerce in Australia, the challenges, and opportunities experienced by businesses that use the internet to carry out business transactions. The issues presented indicate that e-commerce in Australia has created value for businesses, although the benefits and longterm and depend on the management and technical issues to be addressed. Because of the fast-evolving nature of technology and E-business, many businesses found the new developed to be challenging. Some of the challenges include issues with globalization and global trade such as cross-border taxation, information flow, cybersecurity and trust, authenticity and the high cost of acquiring new and emerging technologies, as well as the skilled workforce, operate and maintain the infrastructure[ CITATION Ana15 \l 1033 ]. Study findings also report that businesses require formal methods to evaluate the performance of e-business to realize the benefits of online investment and further expand their online venture.The electronic business is also known as Electronic commerce, or E-business refers todoing business via the Internet. As such, E-business can be defined as the use of digital technology to improve organizational performance. Burns (2016) defines E-business as the process of buying and selling of goods and services via the internet. Some of the
Challenges and Opportunities of Electronic Business: eBay Australia PDF_2
CHALLENGES AND OPPORTUNITIES OF ELECTRONIC BUSINESS3organizational opportunities that are available with E-business include increased market shareand profitability, better customer service, and improved product delivery. E-business includesall the activities of trade, funds transfer, digital communication and interactions between businesses and between individuals. The increased adoption of E-business in Australia and globally has the changed the face of trade and finance. The digital platform has created globalmarkets including business-to-business (B2B) and business-to-consumer (B2C) systems such as eBay. Following the development of the Internet and the adoption of digital technologies in conducting businesses, many challenges and opportunities have emerged. It is due to these previous findings that this paper proposes to carry out research to determine the opportunitiesand challenges presented by online business in Australia. The research will be conducted as a case study of eBay Australia. 2.Project ObjectiveThe primary objective of the research will determine the challenges and opportunities of electronic business. Other specific project objectives will include:1)To determine the background of electronic business in Australia.2)To examine the regulatory landscape of Australia.3. Project ScopeThe study will investigate the challenges and opportunities of electronic business. Theresearch will focus on eBay Australia and will ignore the other online businesses since they are many and cannot be covered in totality within a single study. However, the study will use an appropriate method in research to guarantee generalizability of the findings, validity, reliability, and trustworthiness.
Challenges and Opportunities of Electronic Business: eBay Australia PDF_3
CHALLENGES AND OPPORTUNITIES OF ELECTRONIC BUSINESS44. Literature Review4.3 IntroductionTechnology is rapidly evolving within the contemporary world of business. At the same time, the experience of consumers and suppliers is also changing. The challenges and opportunities in business affect consumer behavior which influences emerging products and services at a speed that is at times difficult for regulators and consumers to keep pace. Burns (2016)suggests the consumers within the emerging markets often have difficulties in determining effective technologies for their use. The electronic business which refers to digital commercial transactions includes various stakeholders including manufacturers, governments, marketers, service providers and the consumers. Currently, consumers the world over can make purchases on almost everything through online transactions including electronics, groceries, textile products, jewelry, and other products (Ngai, Gunasekaran, Wamba, Akter, & Dubey, 2017). Consumers can also make use of electronic businesses to make other unspecified transactions for services such as the online purchase of tickets, purchase, and payment of insurance, professional consultations, among others. However, regulators need to determine the areas of emerging e-commerce that are most profitable for future benefits of their businesses. The past decade has seen E-business in Australia evolve to a great extent resulting in more sophisticated supply chain creating challenging situations for online businesses like eBay as well as bringing opportunities for business expansion concomitantly (Wamba, Akter,Edwards, ChopinG, & Gnanzou, 2015). It is, therefore, essential for managers of electronic businesses to ensure that they adequately address the challenges of digitalization as they utilize the potential opportunities for the expansion of their businesses. Consequently, the
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