Importance of e-commerce to modern organizations
Create a 3-5 page MS Word document that explores the role and importance of e-commerce to modern organizations and businesses
• List 3-4 common major features of an e-commerce site, and some common variations of these features. (Example: A shopping cart.)
• List 5 typical stakeholders (by business or organizational role, such as “customer” and “CEO”) of an e-commerce project. Select 3 of these and explain their typical interests and concerns. Give examples where appropriate.
• Describe in detail examples of three different kinds of organizations that might benefit from an e-commerce site. (These examples can be real or fictitious, of any size, and you can be more specific than “company” – for example, “tech company,” or “grocery stores.” Also consider non-profit organizations.) Explain how the organization might benefit from an e-commerce site, and provide the following details:
o Number of employees
o Type of service offered, such as manufacturing, business services like accounting or auditing, retail sales, non-profit org, education, transportation, freight/shipping, data/information services, etc.
Sample Solution
E-Commerce has a great history since it was invented back in May 1989, when SequoiaData Crop introduced Compumarket, the first internet-based system for e-Commerce. In the emerging global economy, e-commerce has increasingly become a vital component of business strategy and a solid catalyst for economic development. The continued expansion of e-Commerce could lead to downward pressure on inflation through increased competition, cost savings, and changes in sellers` pricing behavior. E-Commerce helps businesses reduce costs. To have an online store it is not necessary that you have all your products presented in a physical space. This implies not only saving by not needing a rental or purchase of premises but also everything that involves electricity, the Internet, etc.
