Week 11 - Chapter 9
We learned about e-business and e-commerce in today's lesson, and we also looked at how these might affect businesses. In short, this week's lesson looked at e-business and e-commerce can shape and change the way we access information, resulting in businesses either losing or gaining market share.
9.1
In the first part of this chapter, we aimed to distinguish the difference between e-commerce and e-business, which we had done more thoroughly in the future sections. We also looked at how businesses would apply the use of websites to reach their organisation's goals, this could goals such as to sell their goods and services, minimise costs (e.g. operational and transactional costs), and more. As technology has become more easily accessible by everyday people, technological advances such as websites can outperform brick-and-mortar (physical stores) in selling their products; therefore the rise of many organisations going digital.
9.2
This section looked at Business-to-consumer (B2C). B2C involves a big number of buyers conducting millions of various transactions per day with a comparatively small number of sellers. We looked at a wide range of sectors that relate to B2C, such as banks and other financial institutions (through Cyberbanking and online securities trading), travel (such as Expedia, Webjet, etc) and job markets (e.g. Seek, Indeed, etc.
9.3
9.3 focused on the features of business-to-business (B2B) electronic commerce. We broke down three stakeholders/users of B2B, this consists of sellers, buyers and exchanges. We also quickly looked over sell-side marketplace, buy-side marketplace and exchanges. Sell-side marketplace is where organisations sell their products to other businesses via online. Buy-side markets promote e-procurement and group-purchasing, where exchanges have the ability to connect groups of buyers and sellers together.
9.4
The last sections we look at dives in the ethical and legal issues that concern e-business; more specifically we addressed ethical issues such as privacy and job-loss and legal issues such as fraud, cybersquatting, domain name conflicts, copyright, etc. It places emphasis on why we and users in general, need to be cautious and fair when using e-commerce.
Thanks for reading.
References
I like how you mentioned that the improvement of technology means that is more accessible to more people, and that online shopping can now potentially outperform regular brick-and-mortar businesses. Nice work, Elwyn!
ReplyDeleteYour Summary offers a clear and structured summary of Chapter 9, covering key topics such as e-commerce, B2C, B2B, and ethical/legal issues in e-business. Each section is succinctly outlined, making it easy to grasp the main points of the chapter. The format effectively breaks down the content into manageable sections, enhancing readability and comprehension. Keep it up!
ReplyDeleteYour post eloquently captures the essence of e-business and e-commerce and their significance in the digital era. By highlighting the various components of e-business, including online marketing, customer relationship management, and electronic data interchange, you paint a comprehensive picture of the digital landscape in which modern businesses operate. Additionally, your discussion of e-commerce platforms and their role in driving online sales underscores the transformative impact of digital technologies on traditional retail models. Overall, your insights provide valuable context for understanding the evolving nature of business in the digital age.
ReplyDeleteLove the way you broke down this chapter and explained it.
ReplyDeleteGreat summary, loved how you broke down the ethical and legal issues with e-commerce.
ReplyDeleteAppreciate your meticulous analysis and elucidation of this chapter.
ReplyDeleteVery concise and informative
ReplyDelete