E-commerce managent Essay Example | Topics and Well Written Essays - 2000 words

E-commerce managent - Essay ExampleNow, E-commerce is the function of creating transpose i.e., buying and selling over digital media (Kalakota and Robinson 1999). Once it was interchangeable in meaning with e-business. Now, the term e-commerce has write out of age by not just exchanging business but beyond that comprising e-marketing, e-franchising, e-mailing and much more. Corporate winner has to be essentially a strategic application based on entrepreneurial principles.Traditionally, strategy was speculate and implemented on Solution-Based Logic. Senior members of companies used to spend days in suggesting strategies to increase profits. Strategies suggested by come along members served personal interest more than real work, questioning and ridiculing others ideas. All members had different perspectives of evaluating the proposed strategy. It was an amalgam of conflicting strategies, where finding a consensus was just a formality. Politics played a major role in zeroing on a strategy. Customer satisfaction on adopting a strategy based on traditional method acting was not beyond 5% to 15% better than earlier solutions. (Anthony, 1999)Advanced strategy, on the other hand, involves mentation process applied at senior level, called Outcome-Based Logic. It provides solutions, satisfying 80% more customers than the earlier solutions, performing hug drug times better than traditional strategies. Due to the fast changing IT environment, advanced business strategy demand to be formulated to convert new opportunities and add value to turn corporate investment into appealing propositions, remaining in the competition by providing invariable benefits to business units. The fast pace of technological culture has changed the ways of doing business on the global platform. The World Wide Web has changed the strategic mindset of companies to intercept the vast market potential, earlier unavailable. The major challenge of this dynamic business world is to run dura ble profit-earning