Opportunities & Problems of Social E-Commerce-Samples for Students

Question: Discuss about the Opportunities Problems of Social E-Commerce. Answer: Introduction The rapid advancement in information and communication technologies as well as the distribution of networked data processing has led to extensive access to information resources as well as globalization regarding businesses, communications as well as services. The fundamental nature of e-commerce is consistent delivery of transaction in a dynamic environment that is having the involvement of people, processes as well as a service or business infrastructure. In simple terms, e-commerce or electronic commerce is associated with trading electronically. The advancement in information and communication technologies as well as the surfacing of the internet has revolutionized the activities for business to enable new means of conducting business described as e-commerce. Companies are accepting e-commerce as a way for accessing the international markets, improving the customer service, reduction of the costs as well as to do the enhancement of productivity as well as effectiveness. On the other hand, the plethora of advantages that e-commerce is offering in respect of transactional businesses has also gave rise to major concerns, particularly in respect of users privacy as well as security of information that is shared online. The major hindrances that are preventing the developing countries from leveraging the e-commerce solutions are deficiency of sufficient, secure, effective communication as well as banking infrastructure, technical expertise as well as processing of information regarding the economy as well as environment. Project Objective The major objective of this research is assessing the present practices, challenges as well as scopes of e-commerce. The particular objectives of this research are, To identify the availability of major scopes for the adoption as well as implementation of e-commerce. To identify the key challenges that are hindering the growth of e-commerce Project Scope The project scope is associated with the aspect of identifying the challenges as well as opportunities that will be having a positive impact on the organizational performance of companies that are interested in the adoption of e-commerce applications. It will also be providing a scope in respect of decision-makers as well as organizational managers for considering as well as evaluating the challenges as well as opportunities found in the current practices for undertaking pertinent remedial measures in respect of promoting the practices for e-commerce. Literature Review The development of internet gave rise to an electronic marketplace or in other words e-marketplace that is considered being the most important part of electronic commerce. Different types of economic transactions as well as purchase and sale of products and services, and exchange of information occurs in e-marketplaces. The opportunities regarding e-commerce will be comprising of e-business, integration of e-commerce, open and distance learning, e-commerce as well as e-insurance, economic concerns raised by e-commerce in respect of the developing nations as well as WTO, future media of e-commerce (Bilgihan 2014). Opportunities regarding E-Commerce E-business The overall business process gets influenced by the e-business as well as the value chains where it is operating. It does the enabling of a highly integrated collaboration level within the various elements of a value chain than it was earlier. Through the adoption of e-business it will also be allowing the organizations in reducing the expenses as well as improving the consumer response time. E-commerce is having an association with all the things that is related to an online transaction that ranges from ordering online through online delivery of paid content in respect of financial operations such as transferring money in the bank accounts. Within the financial services area, there are some positive signs in respect of e-commerce. It has also been found out that the price level in the e-marketplaces will get lowered by the overcoming of the spatial hurdles (Chen 2014). As because, e-marketplaces are having the ability for achieving economies of scale through the aggregation of disso lved demands, they permit the economy in having more diversities that were not having any existence prior to their materialization. E-commerce integration There will take place the addition of an e-commerce component to the course of business via the aspect of integrating the topics in relation to e-commerce into the upper-level business curriculum that is having an existence at present. The aspect of infusing e-commerce education into every course of business states that the development in technology will be influencing, in a significant manner every aspects of the present business scenario (Cunningham 2013). Towards offering support in assuring that every related business curriculum in respect of disciplines such as accounting, marketing, economics, information systems will be paying pertinent attention to the essential aspects in respect of e-commerce, it can be stated that there is the need to integrate specific e-commerce topics that is necessary to be integrated into the business curriculum that is existing. Open and Distance Learning With the expansion in the availability of the internet, there will occur an increase in the popularity of e-learning since computing devices get more reasonably priced and the shrinking of energy needs as well as form factors take place. E-learning will be becoming hugely accepted since the internet exposures as well as e-learning often start in the primary grades, as a result making increased number of students in having the familiarity as well as ease regarding online learning (Fernie 2014). As a matter of fact, in respect of various countries, distance education is being considered to be the most feasible solution to provide education for large number of students. E-commerce and E-insurance Even though, e-commerce is focusing majorly on business to consumer applications, the prominence has currently shifted towards the business to business applications. The insurance industry is providing a pertinent model that is combining the B2B as well as B2C applications. Moreover the purchasing of online policies is considered being faster, more user-friendly and certainly more secured than the traditional methods (Cavusgil 2014). As a result, online policy purchase is considered being increasingly attractive for the insurer. Similarly, it will be incurring limited expense as well as requiring less number of resources in comparison to the traditional insurance and as a result, is considered being more profitable in respect of the insurance organizations. E-insurance will also be making the insurance process more secured, as because there occurs the storing of the policy details digitally and every transaction occurs through secured channels (Savrul 2014). These channels assist in providing additional penetration of the market, which is not present in traditional channels and assists to earn additional revenue in comparison to the traditional insurance methods. Future media of e-commerce At present, majority of e-commerce occurs through the use of either desktops or laptops. In respect of B2B e-commerce, this is less like to change but in respect of B2C, on the other hand, there will occur more complex aspects. For example, there will be occurring enormous range of relevant media that comprises of interactive digital television and an assortment of mobile as well as wireless services. There will be major difference amongst various customers ownership regarding the accessibility of technologies. While some will be having accessibility of broadband, others will be lacking completely in digital communication (Awa 2015). Moreover, digital media is having the ability for supporting e-commerce that is related to customers that can be grouped under certain major segments such as home PCs, IDTV, utility meters and so on. In short, it can be stated that although the online PC is having a better establishment, there is still occurring the slow but steady emergence of the other B2C digital media (Akter 2016). Raising of the economic concerns by e-commerce regarding the developing countries and the WTO In regard to the WTO, the accessibility to e-commerce is often associated with e-exports that is comprising of two elements requiring sharp distinction such as accessibility to internet services as well as accessibility to services which can be traded electronically. While the former is dealing with the aspect of accessing the infrastructure of internet, the latter is related with particular assurances regarding services that are electronically tradable (Rahimi 2014). E-commerce is offering unique scope for the countries that are considered developing as well as those that are already developed. In the short-run, the profits are supposed to get accumulated in the developed countries having more to benefit (Chaffey 2015). The reason for this is that in the short-run, the developing countries are lacking in the infrastructure that is essential for taking complete advantage of the internet. Regarding many countries, particularly the ones that are developing, majority of the customers are not having computers or accessibility to internet. Therefore, a possible scenario in this regard would be the one where a few independent entrepreneurs will be receiving the product via internet and then will be converting it into the physical form like CDs and will be selling it to the customers (Ngai 2015). However, this procedure might be considered being expensive, which uses resources that are real. But in the longer phase, there is the possibility to skip certa in stages relating to the growth of the information technology through which there is the need for the developed countries to pass. There is the requirement for addressing certain issues related with effectiveness. The issue regarding tariffs that are applicable regarding products whose import occurs in the physical form but not when electronic transmission for the same occurs. As long as, there is lower electronic transmission cost in comparison to the physical delivery, the existence of tariffs regarding the physical delivery will be posing no challenges. In an effective manner, the electronic transmission will be offering the products in respect of the countries at a price that is less in comparison to the one having the availability via physical delivery (Galliers 2013). Challenges concerning E-Commerce Ethical concerns Certain ethical concerns are required to be taken into consideration in relation to e-commerce such as privacy, security issues, as well as other ethical concerns. In respect of privacy, it can be stated that privacy has been and will be continuing to be a major concern in respect of the present as well as probable customers regarding e-commerce. In respect of e-commerce as well as web-interactions, the below mentioned elements are considered being most significant, Privacy that is comprising of not getting interfered with and to possess the power for excluding. It needs to be stated that individual power is considered being a moral right. Privacy is considered being a condition that is sought-after in regard to the aspect of possessing information by other individuals about oneself on the aspect of observing the individual by other individuals (Schultz 2014). Along with the issues related with privacy, there is also the involvement of other ethical concerns with e-commerce. The internet is offering unprecedented accessibility for a huge array of products as well as services. The rapid expansion regarding click and mortar as well as the largely unregulated medium of cyberspace, have on the other hand did the prompting of issues related with privacy as well as security of data (Laudon 2013). Risk perception in encounters regarding e-commerce As the organizations are racing towards digitization of the service methods that are physical-based in respect of repackaging them as online services, it is becoming increasingly significant for understanding in what ways customers are perceiving the alternatives regarding digitized e-service. E-service replacements might be appearing unfamiliar, artificial as well as non-reliable when compared with traditional processes of service processing (Johnson 2017). Customers might be believing that new internet-based methods of processing expose them towards new probable threats associated with the risks of online fraudulence, identification theft, as well as phising defrauds meaning the methods that are associated with the aspect of stealing information that are regarded as confidential by the use of web-sites that are spoofed. This will, as a result, be likely to create fear amongst the customers. Conclusion To conclude, it needs to be stated that e-commerce is creating new business opportunities. It is also creating new scopes regarding education as well as academics. It seems that there is a huge potential in respect of providing education related with e-business. Even though, various organizations, establishments as well as communities have started taking advantage of the potentiality relating to e-commerce, crucial challenges still persist that is required to be prevailed over so that e-commerce can turn out to be an indispensable resource in respect of the common individuals throughout the world. References Akter, S. and Wamba, S.F., 2016. Big data analytics in E-commerce: a systematic review and agenda for future research.Electronic Markets,26(2), pp.173-194. Awa, H.O., Ojiabo, O.U. and Emecheta, B.C., 2015. 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