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Slides 01 - E Com
Slides 01 - E Com
Slide 1-1
E-commerce Trends 2019–2020
Mobile platform solidifies
Mobile e-commerce explodes
Continued growth of social networks
Expansion of social e-commerce
Explosive growth in “Big Data”
E-books gain wide acceptance
Slide 1-2
BIG DATA & CLOUD COMPUTING
In order to make sense out of Big Data, firms turn to
sophisticated software called business analytics (or
Web analytics) that can identify purchase patterns as
well as consumer interests and intentions in
milliseconds.
Cloud computing completes the transformation of
the mobile platform by storing consumer content
and software on Internet servers and making it
available to any consumer-connected device from
the desktop to a smartphone.
Slide 1-3
Commerce
While business refers to the value-creating
activities of an organization for
profit, commerce means the whole system of
an economy that constitutes an environment
for business.
Thus, commerce is a system or an
environment that affects the business
prospects of an economy.
Slide 1-4
What Is E-commerce?
Use of Internet and Web to transact business
More formally:
Digitally enabled commercial transactions between and
among organizations and individuals
Slide 1-5
Electronic commerce
However, the term may refer to more
than just buying and selling products
online. It also includes the entire online
process of developing, marketing, selling,
delivering, servicing and paying for
products and services.
Slide 1-6
E-commerce vs. E-business
E-business:
Digital enabling of transactions and
processes within a firm, involving
information systems under firm’s control
Does not include commercial
transactions involving an exchange of
value across organizational boundaries
Slide 1-7
Eight Unique Features of
E-commerce Technology
1. Ubiquity
2. Global reach
3. Universal standards
4. Information richness
5. Interactivity
6. Information density
7. Personalization/customization
8. Social technology
Slide 1-8
Slide 1-9
UBIQUITY
It is available just about everywhere and
at all times.
Market Place vs Market Space
Reduce Cognitive Energy (Advantage)
Examples:-
Accessing a bank account (24/7) | https://www.abl.com
Purchasing from Internet. | http://www.shophive.com/
Online Tracking | http://www.cargoserv.com/tracking.asp?Carrier=PK&Pfx=214
Online Ticket Reservation | www.piac.com.pk
Paying Utility Bills | https://epayment.ptcl.net.pk
Slide 1-10
GLOBAL REACH
Reach: the number of user or customers
an e-commerce business can obtain.
Traditional Commerce base on Television , Radio, Newspaper and
Sales force.
Using Internet Commercial transactions to cross cultural and
national boundaries
Examples:-
100 million customers | http://www.amazon.com/
1,310,000,000 Active Users | http://www.facebook.com/
Growing Mobile Social Network |smsall.pk (A messaging App) [National]
The Designers Mall | http://www.fashionsouk.com/ [Global Presence]
Slide 1-11
UNIVERSAL STANDARDS
Standards (i.e. INTERNET) shared by all
nations around the world
Traditional commerce technologies differ from one nation to the
next ( Radio, Newspaper, TV ) etc.
Using Internet Commercial transactions to cross cultural and
national boundaries
Benefits of Universal Standards
Reduced search costs for consumers| http://www.google.com/
simpler, faster, with more accurate price discovery | https://pricenoia.com/
Lower market entry costs for merchants
find many of the suppliers, prices, and delivery terms of a specific product
| https://www.mysupermarket.co.uk/
Slide 1-12
RICHNESS
The complexity and content of a message
- Traditional commerce national sales forces, and small retail stores
have great richness face-to-face service using aural and visual cues
when making a sale.
- But there is Trade-off between richness and reach
Benefits of Richness
more information richness than traditional media
chatting with an online customer support person
sell ‘complex’ goods and services
Compare All (Prices, attributes, Services etc)
Examples:
http://tcsconnect.com/nokia-lumia-1520.html | Product description, Vendor info, Compare Prices etc.
http://www.daraz.pk/ | Product Detail, Size, Color etc. ; Online Chat
Slide 1-13
INTERACTIVITY
Communication between the merchant
and the consumer.
- Traditional commerce national sales forces, and small retail
stores have great richness face-to-face service using aural and visual
cues when making a sale.
Interactivity in E-Commerce
Customer Support | http://www.beliscity.com/support/index.php?a=add
Customer Reviews| http://www.tcsconnect.com
Feedback, FAQ’s, Newsletter Option | http://www.Dell.com/
E-mail Support | http://www.amazon.com
Live Help with customer representative | http://tcsconnect.com
Slide 1-14
INFORMATION DENSITY
Total amount and quality of information
available to all market participants
Internet and the web vastly increase information density.
Ecommerce technologies reduce information collection, storage, processing,
and communication costs.
Due to E-commerce Technologies information becomes more plentiful, less
expensive and of higher quality.
Go to Amazon, Ebay or wallmart website you can find varity of products and
prices.
Growth in information density could result in
Greater price transparency- for customers
Greater Cost transparency- for customers
Marketers to practice price discrimination (Segmentation)
http://www.statisticbrain.com/facebook-statistics/ | Data use for Segmentation
Slide 1-15
PERSONALIZATION & CUSTOMIZATION
PERSONALIZATION: The targeting of marketing
messages to specific individuals.
by adjusting the message to a person’s name, interest, and past
purchases.
Examples:- 1. Product search history on amazon.com
2. Welcome message by name on Gmail.
Slide 1-16
SOCIAL TECHNOLOGY
User content generation and social
networking technologies.
- socializing traditional e-commerce sites by integrating social
elements into existing retail websites.
- Social technologies are increasingly being used to connect with
customers to build strong and lasting relationships, through ratings
and reviews, blogs, Wiki’s, micro-blogging, forums and communities
like Facebook.
Social Media Examples
Facebook | plugins integration
Twitter | plugins integration
Pinterest | plugins integration
Google+ | plugins integration
Slide 1-17
Types of E-Commerce
Business to Consumer (B2C)
Business to Business (B2B)
Consumer to Consumer (C2C)
Mobile Ecommerce
Social Ecommerce
Local Ecommerce
Slide 1-18
Business to Consumer (B2C)
B2C stands for Business to Consumer as
the name suggests, it is the model
taking businesses and consumers
interaction. Online business sells to
individuals. The basic concept of this
model is to sell the product online to
the consumers.
Example ???
Slide 1-19
Business to Business (B2B)
“It is one of the cost effective way to sell
out product through out the world”
Benefits
Encourage your businesses online
Products import and export
Determine buyers and suppliers
Position trade guides
Example ???
Slide 1-20
Consumer to Consumer (C2C)
C2C stands for Consumer to Consumer.
It helps the online dealing of goods or
services among people.
Example???
Slide 1-21
Mobile Ecommerce
. Use of Mobile to enable online
transaction
Mobile such as tablets, smartphone,
Slide 1-22
Social Ecommerce
Ecommerce enabled by social networks
and online social relationships
FB , Insta, LinkedIn,
Slide 1-23
Local Ecommerce
E commerce that is focused on engaging
the consumer based on his and her
current geographical region
On Demand Services
Uber, Food Panda, Metro stores
Slide 1-24