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Paper On Role of Adopting E-business

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Added on  2020-02-23

Paper On Role of Adopting E-business

   Added on 2020-02-23

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Running head: ROLE OF E-BUSINESS ADOPTIONIN THE ORGANIZATIONRole of E-Business Adoption in the OrganizationName of the StudentName of the UniversityAuthor Note
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1ROLE OF E-BUSINESS IN THE ORGANIZATIONEssay TopicRole of E-Business Technology Adoption in the OrganizationIntroductionThis paper is introduced to throw light on the ‘role of adopting e-business and leavingbehind the traditional method’. With the passage of time, technology has been evolving withhigh rate of speed and people are becoming more reliable on the digital world make loyalcustomers of the organization. Almost every individual is connected to the internet, whichgives a great platform of large number of the audiences. Every industry needs largepopulation of audience where the products and services could be introduced to them andaware them about the products. E-business provides that platform for the industries and theorganization and offers a chance to reach at the top. E-business is an electronic business,which is a process of doing business on the internet, which includes buying and sellingproducts, goods, services and supplies. This includes managing production control, servicingcustomers, and collaborating partners, processing payments, running automated employeesservice, information sharing and many more activities.Essay MapThis essay will discuss the following objectives:1.Specialty of e-business2.IT adoption in Organization3.Data analysis
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2ROLE OF E-BUSINESS IN THE ORGANIZATIONTopic Sentence 1: Specialty of e-businessE-business can be the best way to replace traditional business methods in order toreduce the costs of products and enhancing shoulder to shoulder with the technology. E-business is not as simple as it seems, even though once adopting e-business it could improvethe performance of the organization (Chen & Holsapple, 2013). For efficient adoption of e-business, following are the objectives, which should be considered before the adoption:E-Business trendsCrowdsourcing: e-business provides technologies that allow common people insteadof the employees to modify, create, and monitor the development of the services and theproducts (Saxtone & Kishore, 2013). Examples of crowdsourcing value are Facebook,Youtube, eBay, Twitter and many more.Mobile Commerce: this can be categorized into two groups, mobile computing andmobile commerce. Mobile computing is a technology to operate information and softwarefrom distant location via connecting to the internet wirelessly (Falk & Hagsten, 2015).Virtual Goods: Virtual goods are the goods and accessories bought from the onlinecommunity like music, clothes, toys, e-cards, and other objects.Figure 1: Global online game market
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3ROLE OF E-BUSINESS IN THE ORGANIZATION (Source: Gaming market)Long-Tail Economics: Chris Anderson first offered this trend by explaining the e-commerce profitability by using sales curve. E-business has the ability to carry huge aamounts of “niche” inventory that could be sold only couple of times in a year where asoffline stores or businesses carry limited amount of popular inventory only (Zhang, Williams& Polychronakis, 2012).Positive aspects of e-businessIt has strengthen the capabilities and reach of the market with the accessibility of 24-hour seven day for the products and the services. Eliminate the mediators, which led facilityto the customers of buying products direct from the seller at low prices than it was before intraditional business. Quicker and easier communication between the buyer and the seller isanother beneficial aspect of e-business. It allows the owner of the business to collect broaderinformation using researches through CRMs and GDSs technologies (Bordonaba-Juste,Lucia-Palacios & Polo-Redondo, 2012). It gives opportunity to the business owners to adoptnew business models and increased customer support. Many costing like, postage, stationary,and travelling charges reduced by using online banking as the payment mode.Negative aspects of e-businessThere are certain disadvantages of E-Business like, there are some sectors where e-business cannot be growth like groceries and food. Even though nowadays e-commerce istrying to expand in this sector by providing delivery of the foods ordered online. Maintenanceof e-business is highly costly including security and resources both (Niranjanamurthy et al.,2013). There are several security concerns also that might affect e-business like data breachor security breach, which can expose security related information to unauthorized user.
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