The number of online user in USA and UK has growth significantly during this period. The retail industry had a flat growth but still managed to hire a net 645,000 new jobs. International Journal of Quality and Service Sciences, 1(3), 271-279. Managerial Law, 47(1), 167-196. This slows the ability of customers to be more informed on the product that they are purchasing. The case study was selected as it provided the best avenue for the exploration of the research questions. A wholes… Search, Read and Summarize…, You are the chief financial officer at SD International (SDI), Research Paper: Nike (Operating in an International business environment), http://search.proquest.com/docview/1364836326?accountid=45049, http://www.articlesbase.com/ecommerce-articles/impacts-of-ecommerce-on-business-1882952.html, FY026 Preparing for Success At University. E-commerce entered a period of consolidation since 2001,, Traditional firms learned how to use web to strengthen their market position. Inexpensive mass commodities were brought into existence by the industrialization era (Saini, 2014). These write ups were central in the generation of insights of each case since they are important in managing the analysis process, particularly for large volumes of data. In the process of e-commerce, the customers benefit since they have a better access to information regarding the products they need and this enables them to make informed choices. The main objective of the study is to determine the impact of e-commerce of the traditional retail. Customer profiles can be used as a source of information for the improvement of products or in design of new ones. E-commerce reduces the cost of logistics by ensuring that fast order processing of goods is enhanced to satisfy the wants of their customers on timely basis. Retail and wholesale trade E-commerce: What the numbers really mean. With up-and-coming wearable technologies and refined mobile products, customers are shopping online in more ways than one and are using technology on a daily basis. This has made the potential for the retailing industry to increase their revenue and customer base dramatically. You’re in a better position to use your selling techniques and make a customer buy the product. High cost is reduced when dealing with-Commerce in the transaction of different goods to the required destinations and this leads to higher profits that the firm will definitely incur at the end. For more information, check out our, E-commerce has a major impact on the retail industry. What impact will E-commerce have on the U.S. economy? E-Commerce is easier in terms of market entry especially when geographical limits are no longer relevant while in traditional commerce market entry is not that easy; due to the fact that a lot of research has to be done physically. Journal of Electronic Commerce Research, 11(1), 53-72. Channel of new sales: E-commerce is famous for its proper distribution channel for products that already exist in the market. The decrease in prices of personal computers and increased penetration of smartphones is making the e-commerce market segment to grow larger and larger. 78, p4-20. The systems of production are currently integrated with finance and marketing, business partners and customers. The business firms have the swapping technique of their goods through the use of barter trade exchange technique. With ecommerce, there is no requirement to acquire expensive shops in high streets. However, in traditional commerce the increase of variety of goods is not much certain because; the assurance of the expansion of the markets is not guaranteed for there is no assurance of the increase of goods availability for a long period of time or even expansion of the market that takes place when many goods are availed in the given industry. Boateng, R., Heeks, R., Molla, A., & Hinson, R. (2008). Large retailers are forced to sell online. The web can be easily used to transfer business orders to designers for production within seconds. As technology is rapidly evolving, there is greater need for retailers to find out new ways to connect with their customers. They will be stagnant to their own area while losing against the innovative ideas other retailers have dependent upon. The impact of e-commerce announcements on the market value of firms. Assessment 1- Part A- Case Study-1- Managing Growth…, ACCT3102 Individual Case Study Assignment…, Assignment #2 Midterm 1. Barkley, E. F, Cross, K. P. & Major, C. H, 2005, ‘Collaborative Learning Techniques:’ A Handbook for College Faculty. Gunasekaran, A., & Ngai, E. W. T. (2005). In addition, e-commerce has a more sophisticated level of impact on supply chains: Firstly, the performance gap will be eliminated since companies can identify gaps between different levels of supply chains by electronic means of solutions; Secondly, as a result of e-commerce emergence, new capabilities such implementing ERP systems, like SAP ERP, Xero, or Megaventory, have helped … This is made possible by creation of a website and uploading it into a server that is accessible by millions of servers in a given country. With online sales, a business is able to carry out the double function of marketing and selling their products at the same time. 1. The use of internet doing business gives the firm high exposure of exploring new markets that lead to high profits to the firm having attracted customers from all over the whole world. The contact to customers by E-commerce is both attractive and interactive. E-commerce offers buyer and sellers a new method of communication and offers opportunities to create new marketplace and has created new activities and features in which consumers and businesses can participate. Impact of E-commerce on business in general, It goes without saying that the internet has really changed many aspects of our lives, including the manner in which we now communicate to people. As e-retail entrenched itself in the first decade of the millennium, it jostled for space and began to push the traditional or brick-and-mortar retail towards the sidelines. E-commerce standard user interface: An E-menu system. The impact of ecommerce is far and wide with a ripple effect from small business to global enterprise. Journal of Electronic Commerce Research, 12(1), 78-93. The diagram below shows the outlook of e-commerce market from the year 2009 to 2012 in billion dollars. In traditional retail shops swapping is not much practiced because; firms do not easily meet to discuss or reaffirm that. Barsauskas, P., Sarapovas, T., & Cvilikas, A. The web swap and ubarter are example of sites that are best in performing the indicated functions in the firm. Case study, research receives consideration as one of the best ways of generating new theoretical understandings that are not expected by other research methods (Yin, 2009). When they are in need of doing mass shopping they shop in the merchandise stores and the specialty stores where they are assured of getting all the commodities they need in large quantities. In this technique a firm is required to offer something in exchange of something else from the other firm that they are trading with in the market. These data were analyzed within case analysis and across case analysis, before later being confirmed by the expert advice. E-commerce reduces the cost of logistics by ensuring that speed and precision is highly employed for use in the production of goods and services in the industries and even in delivering them to the customers on the required time. It’s the largest world retailer and has matured to the sale of forty categories of goods despite it being an E-Commerce company that is highly technology platform. Maes, K, Van, G. W, & De Haes, S 2014, ‘Identifying Multiple Dimensions of a Business Case: A Systematic Literature Review’, Electronic Journal Of Information Systems Evaluation, 17, 1, pp. This is possible since the use of e-commerce employs the use of World Wide Web, which enables millions of people from all corners of the world to have a glance at the products under sales. The expectations of the buyers have increased with the boom in eCommerce industry and they expect much more than just buying products. The business transactions of electronic commerce are processed in an automated system (Gotzamani & Tzavlopoulos, 2009). Some negatives of online retail include: Website costs - planning, designing, creating, hosting, securing and maintaining a professional e-commerce website isn't cheap, especially if you expect large and growing sales volumes. Goods were gathered in large quantities and most of time they were gathered and shopped for one destination (Perreault, Cannon, & McCarthy, 2014). This will as well guarantee reduced packaging costs and reduction of the freight, sortation and shipping costs of goods form the organization to customer’s premises. In this digital age, the nature of work and employment has been greatly transformed (Subramani & Walden, 2001). Thought the E-Commerce, the whole world has been created to be global village where anyone is capable of buying anything at any given to form all the corners of the world. 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