Introduction
As Best Book of Mackay has not changed their practices for the last 30 years, they wish to embrace e-business principles as a way of expanding their customer base and streaming their business operations. The following report will provide the accounting practices that could be used when trading online and the advantages and disadvantages these accounting practices may impact the business. The report will also take into account other factors in terms of cost, risk, security etc. for Best book of Mackay to consider. Finally the report will make recommendations as to which practices the business is advised to implement.
Electronic Business
As Best Books of Mackay is wishing to establish e-business system, they should firstly understand the basic concepts and the processes involved in e-business. Electronic business is the conduction of business processes through the application of information and communication technologies, especially via the Internet. This includes managing internal processes such as human resources, financial and administration systems, as well as external processes such as sales and marketing, supply of goods and services, and customer relationships.
Advantages and Disadvantages of E-business
E-business offers a range of advantages compared to the traditional business system. These benefits are continuously increasing the popularity of e-business. Below are some main advantages that will be beneficial for Best Books of Mackay.
• Consumer has
Electronic business, or e-business or "electronic commerce"(55) has increased exponentially because so many businesses are on digital networks. Major business transactions are completed on the enterprise. Digital networking is transforming businesses relationships with the companies customer, their employees and relationships with suppliers and partners in business. E business technology is also improving the way business is done in the government. The government uses the Internet to enable and increase business
E-business also known as electronic business is the conduct of business processes on the Internet. These electronic business processes include buying and selling products, supplies and services; servicing customers; processing payments; managing production control; collaborating with business partners; sharing information; running automated employee services; recruiting; and more. (Rouse, 2012) I have chosen The Body Shop as my organisation to discuss. The Body Shop has expanded their business to online as well as having hundreds of stores on market streets all over the world. By using e-business it has introduced them to a wider audience of people and is keeping them up to date with their competitors.
E-business is a primary factor and force behind any successful business or organization. When a company becomes more accessible to customers and partners this could generate more expansion for a company as well as create more revenue. The idea of e-commerce is to operate under technological systems. When we look at e-business we are confronted with these systematic programs to fully understand e-business and how a company uses this strategic system.
A report on competitive strengths through e-commerce, opportunities, advantages, challenges, development, operations to achieve company’s goal. This report is upon; Information such as e commerce is ease of customer, process, and product superiority, description on souq.com website, financial aspects and organization capabilities.
In e-business, companies undertake their business operations through electronic means. E-business is very similar to e-commerce, but e-business goes past simple buying and selling of services and products online.(是要分开介绍两者区别吗?还是一笔带过?) E-business involves wide array of business, but the primary premise is its dependence on the internet for commerce.
Objective of the dissertation is to understand the strategies followed in implementing e-business and e-commerce in an organization.
There is so much arguing about how does the internet changed normal businesses into something more complicated, E-business is defined as the use of the internet or any network to empower any business process and support the core activities such as, advertising, customer’s services, electronic commerce, organization collaboration and communication with suppliers, customers and maybe stakeholders (Colin, 2012).
Electronic business, commonly known as "eBusiness" or "e-business" ,is a business running on the Internet. Beside buying and selling, it also serves a much wider consumer base and collaborates with business partners. The term also has an accurate definition -"interaction with business partners, where the interaction is enabled by information technology". When information technology has become more accessible, much cheaper and more powerful, E-business has become a new trend. Because of low running cost, E-business lowers transaction costs and has hundreds of millions of participants already. The world is now full of people who are much more familiar with advanced technology than twenty years ago. E-business, therefore, is understandable to
Electronic commerce (EC) provides a cost effective technique for organizations to marketplace their business, improve communication, identify potential business partners, and launch new way to their customer to purchase products online.
Electronic commerce, or e-commerce has developed exponentially in the last few years and has left some in the cold. The majority of people think e-commerce is just about buying and selling things over the Internet like through auctioning sites such as E-Bay and U-Bid. However, E-commerce is a broad term describing the electronic exchange of business data between two or more organizations' computers. Some examples might be the electronic job applications, on-line services like America online, and on-line billing that automatically pays specified bills each month so you don’t have to mail a check. E-commerce also includes buying and selling any item over the Internet, electronic banking so you can transfer funds between
E-business uses the digital technology to optimize the business activities of organization in order to increase the efficiency and effectiveness of operation and gain competitive advantages. E-business provides the solution that allows the organization to instantly share database, information of products and services, financial figures and data and nearly anything else that the organization may need to operate the business activities effectively and efficiently (Nguyen, 2013). E-commerce which is the abbreviation of electronic commerce is the subset of e-business. It focuses on the online transaction which includes selling of products or service by using computer network, primarily the Internet.
The progressive advances in technology have resulted in remarkable life-style change. This has particularly impacted the education system, traditional educational approaches, which were focused at the classroom were very limiting due to the extensive curricula. Time allocated to individual classes is not enough for teachers to explain all the content, to solve case studies and to teach students skills, such as oral and written communication, critical and creative thinking, group work, and a usage of new learning technologies.
E -business and e-commerce are terms that are used to differentiate one vendors' product from another. Both terms are different, and that difference matters for today's companies. The ‘e’ stands for electronic networks and describes the application of the electronic network technology. This include Internet and electronic data interchange (EDI) and is used
Trim and Lee (2004) assert that a learning organization is especially skilled at regular problem solving and is better prepared with the power of communication and information technology to confront arising challenges in the external environment. A learning organization can be defined as “an organization that concentrates on developing and using its information and knowledge abilities in order to produce higher-valued information and knowledge, to alter behaviors and enhance outcomes”, which yields a competitive advantage (King, 2001). Moreover, the Learning Company is a vision of what might be possible. It is not realized simply by training individuals; it can only take place as a result of learning propagation at the whole organization level. So, a Learning Company is an organization that eases the learning of all its members and persistently develops itself (Pedler et. al.,1991).
Operating computer network is a time taking process firstly we need to go through different procedures to do our task. For example if a person went to office to make his passport card firstly he has to get a receipt then he has to go to finger print scanning, making of picture means that he would has to go through to distinct methods.