Importance of E-commerce and Digital Technologies for Amazon
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Added on  2023/06/10
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This presentation discusses the importance of E-commerce and digital technologies for Amazon. It covers the use of E-commerce platform, recommendations, and conclusion. The presentation also includes a summary from CW1 and references.
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Table of Content INTRODUCTION About Company Summary from CW1 Conclusion from CW1 Recommendations CONCLUSION REFERENCES
About Company Amazon is American multinational company that have focus on e-commerce, artificial intelligence, cloud computing and many more. The company was incorporated by 1994 by Jeff Bezos. It earned well reputation through technological innovation and mass scale. The Headquarter is located in US. The company offers products of Echo, fire tablet, Kindle and it deals in services of Amazon.com, Amazon Alexa, Amazon prime video etc.
Summary from CW1 From CW1 e-commerce is also known as internet commerce which helps in buying & selling of activities of products and services. In the emerging global economy it is becoming vital component. The use of E-commerce platformin Amazonhelpsinreachingtowideaudiencewithlow operational cost and customer gets great selection of goods availability. For the amazon the e-commerce is important as it helps in reducing cost, it offers opportunity to expand globally through help of internet (Hsieh, 2019). The use of E-commerce platform will broaden brand image of amazonby assisting organisation to make aware about products to customer across the world.
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Continue… The E-commerce is the transactions of goods and services which made easier to discover and purchases through online retailers & marketplaces. There are several types of E-commerce models which is used by business organisation that assists in describing each transaction which is taking place between consumer and businesssuchasbusinesstoconsumer,businesstobusiness, consumer to consumer, and consumer to business (Nazarenko, and et.al., 2022). There are several platforms used in e-commerce platform such as shopify, magento, big commerce and many more.
Conclusion from CW1 From the CW1 it has concluded that for the business organisation E-commerce has great importance along with customers as the facility of online shopping is rendered which helps in increasing sales and growth. With the of E-commerce platform company expand its business operations across the world. The products of company are promoted by taking several internet tools such as social media, search engine optimization etc. The e-commerce is important for amazon and using of different technologies helps in increasing the business prospects.
Continue… It is effective as offers wide range of product and services from which customercanmaketheirownchoicesandgetsqualitygoodswith reasonable prices. The impact of e-commerce will be far reaching and more prominent as there is revolution in information technology happening simultaneouslywithotherdevelopments.ThenewageofglobalE- commerce is creating new economy which changes lives tremendously, reshapingcompetitionthatresultingintohigheconomydevelopment (Roscoe, and et.al., 2019).
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Recommendations The amazon can improve the effectiveness by taking use of e-commerce. It is recommended to amazon to offer free shipping in the forthcoming holiday season. The most of e-commerce platforms has built some form of free shipping option which involves minimal amount of configuration. The companies can send an thank you card by order is placed by customer as e-mail works and it helps in knowing how much business is appreciated by employee. To improve e-commerce business, it is recommended to build brand awareness as it impacts trust, repeat purchases. The increase of brand awareness helps in knowing people about brand which leads to increase of sales and growth. There must be focus on quality to improve brand awareness which helps in creating high-quality content, considering partnership etc.
CONCLUSION From the above it is being concluded that is wide platform which helps in buying and selling of products through electronic medium. It is a constant and emerging evolving business management and information technology. The use of E-commerce platform help organisation to reach wide customers all across the country where individual can make purchase anytime and anywhere. The advancement of e-commerce platform become very affordable and easy to set & run with lower overhead. The e-commerce websites support in offering large information about goods with demo videos, customer testimonials in order to increase conversion.
References Gruber, 2019. proposals for a digital industrial policy for europe. telecommunications policy, 43(2), pp.116-127. Hsieh, 2019. entrepreneurship through the platform strategy in the digital era: insights and research opportunities. computers in human behavior, 95, pp.315-323. Nazarenko, and et.al., 2022. applying digital technologies in technology roadmapping to overcome individual biased assessments. technovation, 110, p.102364. Ravikumar, and et.al., 2022. technologies driving digital payments in india: present and future. in proceedings of second international conference on sustainable expert systems (pp. 71-78). springer, singapore.
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