CORP 2181 - E-Commerce Business, E-Commerce System
Added on 2020-03-04
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E COMMERCE BUSINESS.1BOTTLENECKS FACING E COMMERCE AND THEIR REMEDIES.Course NameProfessor NameUniversity NameCity, StateDate of submission
E COMMERCE BUSINESS.2RESEARCH QUESTION: BOTTLENECKS FACING E COMMERCE BUSINESS.In the advent of the web development and internet technologies, E-business hasdeveloped worldwide reaching a great number of enterprises advertising their products in onlinemarketing effectiveness. As reported by (Asiedu 2006, p 70), E-commerce business has beeninvented as the latest domain in business, becoming a requirement in open market with a highdrive for technology. Besides this, there are challenges facing its prowess in many of theorganizations and developing countries. This simply means problems encountered whiletransacting E-commerce business, for example, insufficient ICT facilities, lack of onlinemarketing knowledge, poor payment services, etc.STATISTICS COMMUNICATING THE PROBLEM.Currently, many investors are diverting their business to shopping malls which have greatlyabsorbed a lot of people nationwide. The impact of this is a decrease of people engaging inonline E commerce business. For example, the current trends in social media are the upcomingmalls, strategies to successful shopping mall businesses, Government finance to shopping mallinvestors .etc. These trends are key communication to the fact that online E commerce businessis highly challenged.CAUSES OF THE PROBLEM.The absence of government ICT strategies has created a great barrier in embracing the E-business. As the number of internet users continues to be large, scarcity in telephones PCS and
E COMMERCE BUSINESS.3other software/hardware materials needed to access the internet becomes a hindrance. Odedra-Straub (2003, p: 456) in his journal reported this to cause stunted growth in E-business. Inaddition to this, the operational cost that is installation; maintenance, training, and support to E-business is very high In comparison with the enterprise's ability to afford it becoming a strongdisparity in the level of E-business access. The infrastructural barrier is another limitation slowing down the growth of E-business.This includes lack of credit cards which are highly valued in E business, poor transport facilitieswhere access to eligible E business organizations is limited and unsecured payment for onlinepurchases due to online frauds as per (Coltman et al. 2007, p 100) journal.Again achieving regulatory and legal framework from the set institutions becomes ahindrance. This comes about. As a result, inaccessibility brought about by poor physicalinfrastructures. Moreover, connectivity is another bottleneck faced by consumer markets.Thiscounts in where payments, deliveries and willingness to purchase is limited by low economicdevelopment, social trends and small per capita income as reported by Odedra-Straub (2003, p505), in his article.Poor Title display that there is a failure to display a unique title hinders prowess greatlyin E business. This happens with the respect that there is a lot of information being fed on theinternet as E business deals with products from different categories, identifying once targetbecomes harder.Social and cultural barriers still affect most developing countries.In that E business is not highlysupported and accepted. Efendioglu et al. (2004, p 67) stated clearly that "people didn't haveconfidence in online culture and steady prowess in technology."
E COMMERCE BUSINESS.4 Despite online transaction being a basic element in E business, facilities to E business such astelephone sales and catalog are not recommended in the culture way of doing business. Thefounders of business are not linked to such a methodology. It's also identified that primarycultures such as personal contact limitations, trust in shopping places, institutions and languagebarriers still stand as strong barriers hindering E business growth.Political and government barriers also have become a major hindrance in thedevelopment of E business. Great levels of poverty, poor states in network andtelecommunication have contributed to this. As per the research, most developing countries areassociated with an imbalance in budget brought about by political instability. Lack or poor policyimplementation in ICT, by the government, has slowed down the growth of E business. Noprogress can be made in E business where a government fails to give an initiative regardingpromotion of ICT education and Implementation of a clear adequate regulatory framework for Ebusiness.Unavailability of reliable and authorized payment services in E business is anotherbottleneck facing E business. lack of institutional environment which process credible paymentchannels such as debit, smart cards or online currencies, which makes the payment over theinternet possible, hinders online consumer market.This happens since no transaction can be madewithout them. As shown from a study by frauds Oxley and Yeung, (2001, p 400) other means ofpayment are subject to frauds.People have different tastes and priorities in that they largely differ in opinions about aproduct on the consumer market. Others follow what they here and comments they come across
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