This assignment delves into the world of e-commerce, examining the features of websites that draw in a large number of visitors. It analyzes various aspects contributing to website attractiveness and how they influence surfer behavior. The document provides insights into the factors driving engagement and success in the online marketplace.
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THE SCOPE OF INTERNET AND E-BUSINESSES
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Table of Contents INTRODUCTION...........................................................................................................................1 TASK 1............................................................................................................................................1 1.1 Environment where e- business is conducted and major types of business transactions.....1 1.2 Benefits and barriers to online businesses...........................................................................2 1.3 Evaluate the security and legislative issues faced by E- commerce....................................3 1.4 Modes of communication in Ocado.com and the ways by which it can be applied...........3 TASK 2............................................................................................................................................4 2.1 Importance of internet and its use in making the organisation successful............................4 2.2 Main features of HTML.......................................................................................................4 2.3 Evaluate the client server, browser and the main role of search engine..............................5 2.4 Use of intranets and extranets businesses communication in Ocado.com...........................5 TASK 3............................................................................................................................................5 3.1Various models of e- business and the ways by which it can be used for generating revenue.......................................................................................................................................5 3.2 Analysis of e- business models in terms of revenue generating ability...............................6 3.3 E- business models in terms of its future development........................................................6 TASK 4............................................................................................................................................6 4.1 Key elements of good structure of web design and element that will best suit to the company......................................................................................................................................6 4.2 Major impact of a well designed websites............................................................................7 4.3 Issues on website usability and the major improvements in e- businesses..........................8 CONCLUSION................................................................................................................................8 REFERENCES...............................................................................................................................9 .........................................................................................................................................................9
INTRODUCTION In the era of technology, it has become very easy to maintain and conduct all the business operations. This includes the use of internet and its scope is vital for all all online companies. E- commerce is one of the major medium of buying and selling of gods. Its implication can only be done with the help of internet. That is why, the concept of internet marketing plays a major role in order to ensure the smooth running of e- commerce (Turban, King and Viehland,2010). As far as this report is concern about, Ocado.com is one of the top most online grocers. It was established in 2000 and now it is the pioneers in U.K for delivering grocery services and hence they are considered as the most popular online super market. Main mission of this online company is to make the online shopping experience more easy for the customers. This report will enable to know the various environment in which e- business is conducted. This will also make a clear understanding of benefits and barriers to internet business. TASK 1 1.1 Environment where e- business is conducted and major types of business transactions. Environment of E- business can be divided into the following given points in respect of Ocado.com - Political- It is essential for the company to follow regulations in order to conduct online business. There are some political rules upon which the company have to rely. Economic- In the U.K, online companies are doing great and contributing maximum to the national income and GDP. They are responsible for providing a sustainability to the market. Social- E-commerce has changed the face of society (Schafer, Konstan and Riedl, 2010). This is because now a days, people are more interested in buying online. This saves their time. Technological- It is important for E- commerce to be updated with several new technologies. This will help them to be more fast in delivering the products and services on the basis of online. Legal-All the operations over internet marketing must be legally accepted. There should not be any operations which is abiding the laws of online marketing. Environmental- Online companies need to focus upon those activities with the help of which environment can be saved. There should not be any harm to the environment. 1
Given below are the major types of business transactions : Business to consumer-Its the most common type of online business where business sells products and services to the customers. Example- Amazon, Flip kart Business to business-Its a commerce between a business and other business over online Customers to customers- In this, there is a buying and selling of goods between customers over internet. Customers to business-Its a transaction between customers and business. 1.2 Benefits and barriers to online businesses. Benefits of online business: It provides a more easy platform of buying and selling of product and services-This can be considered as the most important ways by which the benefit of internet marketing can be calculated (Corbitt, Thanasankit and Yi, 2010). Online marketing is the easiest way of selling and buying of products and services. It saves time of both seller and the consumers-Online marketing is the process where commerce can be done with the help of few clicks. Process of marketing over internet has become easy. This will result in saving the time of customers and sellers as well. Fastest platform of commerce-All the process over online marketing is very fast. Thus in this fast moving world, people prefer fast services and thus e- commerce is in much demand. Barriers to online businesses Data security- This is so far the most critical barrier which is being faced by the online companies. It is important for the mentioned company to make sure that the data of customers can be disclosed. Privacy-Allthetransactionsofe-commercemustbesafeinnature(Corbitt, Thanasankit and Yi, 2010). There has to be privacy in whatsoever activities going on over online businesses. Trust –It is essential for a customer to trust the online companies. This could be possible only when consumers can fully rely over internet marketing. A part from this, sometimes there are also some linguistic problems that have been seen over internet marketing. 2
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1.3 Evaluate the security and legislative issues faced by E- commerce. Its a well known fact that security and legislation affects the customers as well as business in the following given ways: Lack of privacy- This is so far the most important factor which is responsible for creating the legislative and security issue over internet marketing. There is lack of privacy between business and the consumer and that is why people mostly do not prefer internet marketing. It is essential for the mentioned company to overcome these issues in order to successfully run their business. People needs to be more secure about any online purchasing. This can be done through following some major technology which can ensure the data safety of customers. Impact of virus and hackers-Due to the fear of hackers, people do not want to get into any online transaction (Awad, 2010). Viruses are also result in affecting the online buying pattern of consumers.Mentioned company have to ensure that websites can not be hacked by any person and thus the chances of virus attack can also be reduced. 1.4 Modes of communication in Ocado.com and the ways by which it can be applied. There has to be some major medium of communication on the basis of which activities over internet can be done. One of the major mode of communication that is present for Ocado.com is electronic data interchange. This can be defined as the way by data and which business documents can be exchanged. Other major modes of electronic communication can be represented as follows: Video calls- This is the second most widely used mode of online communication which can be represented by having a face to face interaction over the phone of computers. Both audio and visuals are available in this type of communication mode. E- mails- This can be represented by sending mails over internet (Gefen, 2011). This is the most common platform where an online company can interact with their potential customers. Information about various offers and coupons can be directly send to customers via e- mails. This is the most convenient way of sending information to the customers. Instant messaging, text messaging, social networking sites- Online marketing can use other modes of communication as well. Instant messaging, social networking sites and text messaging are some of those medium. 3
TASK 2 2.1 Importance of internet and its use in making the organisation successful. As it has already been conveyed that internet is one of the major invention of technology. It has develop such platform where people can work in a more fast environment (Barnes and Vidgen, 2012s). This may also refers as the virtual platform where any kind of business operation can take place. Importance of internet can be considered as the way by which most of the people are going online for the purpose interaction and even for the business context. It has made several other task of human and business activities more easier. Internet plays a vital role in online marketing. In other words, without proper use of internet, an online business can not be conducted. It is the key for the success of any business. Its use is vital in context of e- commerce. This is because all the business operation of internet marketing is online. That is why, it is essential for the mentioned company like Ocado.com to make proper use of net. A part from e- commerce, internet is now being used by retail sectors as well. This is because it has made all the business processes more easy. HTML is the major component of internet. It can be better defined as the major web language. It plays a major role in order to facilitates the all online services to the customers. It is required to use HTML by the user in order to work on the internet. This can be further defined as the language which is used for the purpose ofcreating several web pages. It has mainly two section that is head and body (Turban, Lee and Turban, 2010). The main purpose of head is to provide information about the web pages and on the other side, body is made for the purpose of containing some publishing data. Given below are the major key tags used in web pages- <html> <body> a part from HTML, there is another web language known as XML. Difference between these two can be recognised as presentation. HTML is meant for only human readable but XML can be human as well as machine readable. It is considered as the fastest way of receiving large files from one computer to another computer. There is no need to complete various operations to obtain entire file or file transferred. FTP servers required user to login with the username and password therefore it is secure and safe. With the help of FTP the owner of any organisation can easily send information and 4
guidelines to their employees and their employees also able to give information and feedback on the same server. 2.3 Evaluate the client server, browser and the main role of search engine. Client server model- It can be defined as a computer system where central sever gives all possible data to networked workstation. It is important to facilitates smooth process of internet that is why, it is important to make proper use of client server. Browser- Is is so far the most important element upon which the internet works. It provides a platform where the user can use internet (Corbitt, Thanasankit and Yi, 2010). There are different browsers with the help of which surfers can get the most desirable information without spending too much of their time. Role of search engine- There are various search engine with the help of which all the internet users can get what they want from the internet. One of the most famous search engine is Google. It provides a platform where users can get best internet results. 2.4 Use of intranets and extranets businesses communication in Ocado.com. These are the two most important elements of online communication. Intranet can be defined as the way by which company can establish efficient network communication within the range of the company. On the other side, extranet as its name suggest is used for the purpose of network communication with the external stakeholders such as customers, suppliers and business partners (Schafer, Konstan and Riedl, 2011). It is essential for Ocado.com to use these tools of business communication in order to perform their online activities more effectively. There are various merit and demerits of these tools of business communication. They are used for solving various purposes of the company. Internet: Advantages: ï‚·Through internet the people can send and receive information across matrix of computer system. The people can send messages using email service for both business and personal purpose. ï‚·It provides the facility to make online purchase at bargain price without visiting to the physical store. ï‚·The people can collect information about new job opening and facilitate the people to apply online for jobs. 5
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Disadvantages: The internet is not free of cost. It is expensive ton install and manage . It makes physical distance between the loved ones as they prefer sending messages online. Too many online vendors confuse the customers that from which internet site they need to purchase the product. Intranet: Advantages: Intranet offering work[place productivity which help the user to find and observe information very fast. Intranet allows the business companies to share information to employees according to their needs and requirements. Disadvantage: One of the major problem occur using intranet is the risk of security and privacy to the corporate information resource. It reduces the face to face interaction between employees which lead to im- personalization of the enterprise. Client server advantages: ï‚·It helps in storing files at one place which help the company to find files easily. ï‚·It helps in recovering of lost data in more effective and efficient manner. ï‚·By upgrading the server the change can be made easily and also helps in adding new resources and systems in order to make necessary changes. TASK 3 3.1 Various models of e- business and the ways by which it can be used for generating revenue. There are various models of e- business with the help of which company can calculate their revenues. Given below are the major models of e- business that can be further used for estimating the revenue of the company: E- distributor model-This kind of model is used for delivering online products and services. Example can be DVD downloads and online audio (Laudon and Traver, 2013). This is so far the most useful model of E- business. This is because here direct selling and purchasing of products involves via internet. 6
E- procurement-This model basically holds the idea where customers are allowed to buy products in a bulk amount . These products are further discounted. This method also attract so many surfers in order to buy products in bulk amount. Auction model-In this type of model both the seller and the bidder meets at a same platform and offers different dynamic prices of products. This type of model is not used by each companies. There are some specific purposes for which this model is being used. Exchange model-One of the major example of this kind of revenue model can be ChemConnect. 3.2 Analysis of e- business models in terms of revenue generating ability. In order to estimate the revenue generating ability of the e- business model, it has been found that different models are used by different online companies (Gefen, 2011). This is because the choice of e- business model depends upon the objective of the company. Revenue can be generated by using right kind of e- business model in the right company. E- procurement is the widely used model result in generating high amount of revenue for the company. This is because here customers are free to shop large amount of products and services at a very discounted price. In this way it can be concluded that all the models are capable of producing revenues for the online companies. 3.3 E- business models in terms of its future development. The era of technology having a large influence on E- business approach and provide a consistent growth to their operation in the longer run, Specially, the development of smartphones changes the face of business and which is very crucial for the enterprise. Each and This will make the face of marketing more attractive and fast for the customers. People will get best products and services within less period of time over internet. TASK 4 4.1 Key elements of good structure of web design and element that will best suit to the company. Given below are the major elements of a good website structure: Page should be well organised- This is the core practice of making a good structure of web site. It is essential for the online company to make a well organised page in order to attract 7
maximum number of surfers (Turban, King and Viehland, 2010). An organised page includes systematic arrangement of content, pics and other informatory objects. Easily downloadable pages of web-It is essential for online marketers to make sure that their page can be easily downloadable. This will make the viewer more attracted towards the website. Colour combination must be catchy to eyes-It is required to use such combination of colour which can be easily read by the people. There should not be any bright colour which gives difficulty to the surfers to read the content (Schultze and Orlikowski, 2010). Thus, it is important for every web site maker to use more attractive colours for making their websites. No irrelevant content-There should not be any irrelevant content over the website. This is because it create confusion in the mind of the people who are surfing the websites. If there are so many confusing statement made on the websites then this will lead to create frustration and irritation among surfers. That is why it is required by the company to make such website which are having all relevant content. Proper use of pictures and diagrams-It is important for the online companies to make such websites with the help of they can attract maximum number of customers. This will lead to make the company more popular in the market. The use of proper pictures and diagrams on websites makes it more attractive for the surfers. 4.2 Major impact of a well designed websites. Making good website is one of the key factor of any online business. That is why, Ocado.com has also use some element with the help of which they can make their site more attractive in front of viewers. Given below are the major impact of well designed websites: It will attract more number of viewers-One of the major impact of having good designed websites is that it will attract more number of viewers (Krol, 2010). The core objective of every online companies is to increase the number of subscribers. This will lead to maximize their popularity and market shares as well. Particular online company will get good rank over internet marketing-If online companies are doing great and attracting more customers day by day that means the company will place at the top most rank of online companies. Profitability of company will increase-If there will be more number of subscriber then this will lead to earn maximum number of profit and market share to the online company. It is 8
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one of the major goal of every company to achieve profit in order to expand their business in the market. 4.3 Issues on website usability and the major improvements in e- businesses. This is the concern of each and every single online companies to make such websites which can be easily surfed. There can be many issues in website usability such as: Complexity in reaching to the websites- This is most critical issues being faced in terms of website usability. There are websites which is very hard to find (Miller and Slater, 2011). That is why, it become a complex process for the customers to reach to the website. More buffering times- There are sites which takes so much of time in disclosing the content. This will automatically make the customer to switch to some other site. That is why, it must be ensured by the mentioned company to reduce the issues inusability of websites by minimizing the loading or buffering time of the websites. CONCLUSION On the basis of above mentioned report it can be concluded that internet is the backbone of e- commerce. This has made the process of buying and selling of goods more virtual and fast in nature. There are various models of e- commerce that can be used by the company on the basis of their objective. There are also some benefits as well barriers to internet marketing. It is important for each online companies to follow some basic policies. This will make their online operations more authentic in nature. Both intranet and extranet are used by the mentioned company in order to communicate within and outside the company. There are various features of the websites that can attract a number of surfers. This makes the surfers more attractive towards the websites. 9
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