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Emerging modes of business

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Emerging modes of business

  1. 1. EMERGING MODES OF BUSINESS Presensted by, Gautam Rath, Naman Mohanty, Pranayranjan Mahala, Amitanshu Nanda
  2. 2. What is e-Business? • E-business (electronic business) is the conducting of business on the Internet, not only buying and selling but also servicing customers and collaborating with business partners. • The processes and tools that allow an organization to use Internet- based technologies and infrastructure, both internally and externally, to conduct day to day business process operations.
  3. 3. e-Business Types CONSUMERS C2C BUSINESS B2B ADMINISTRATION C2A B2C B2A
  4. 4. What is B2B Commerce? • Stands for Business to Business as in businesses doing business with other businesses. • On the Internet, B2B (business-to- business), is the exchange of products, services, or information between businesses. • Can even take place between the same firm by exercising a real-time control over it's stock-in- transit • Examples:
  5. 5. What is B2C Commerce? • Stands for Business to Customers as in businesses selling products or services to end-user consumers. • Not just selling goods online, but advertising, delivery of products, etc. also comes under this. • B2C allows a business to be in touch with its customers around the clock. • E-commerce decreases the distance between producers and consumers. Consumers can make their purchase without entering a traditional shop. • Examples:
  6. 6. What is C2C Commerce? • Abbreviation for consumer-to-consumer commerce; that is, commerce with no middle business people • Here, even a common man, becomes a businessman • Best for businesses with no estabilished market mechanism, eg: selling old books. • A consumer who has used the specific product can let other potentional customers know about the pros and cons of the product. • Example:
  7. 7. What is Intra-B Commerce? • Parties are here involved in the electronic transactions are from one given business firm • They use 'Intranet', not the 'Internet' • They use the Interanet, for managing interactions and dealings amongst various departments of a firm. • Leads to efficient inventory and cash management, greater utilisation of machinery and plants, effective handling of customers, etc • Virtual Private Network (VPN) enables employees to not come to office and work from home.
  8. 8. Applications of e-Business
  9. 9. Benefits of e-Business • Easy to form • Global access • Easy accessiblity • Consumer friendly • Customized Products • Movement towards paperless society • Time and effort saving • Wide range of payment options
  10. 10. Limitations of e-Business • Lack of personal touch • Lack of security • Tenchincal drawbakcs • Ethical concers • Requires Technical knowledge • High Risk • Shipment delay • People's resistance • Ethical fallouts
  11. 11. Despite the limitations, e-commerce is the way
  12. 12. Online Transaction • Step 1: Finding an appropriate and reliable shopping website and registering on it. • Step 2: Browsing the products and selecting the desired ones with the place of delivery. • Step 3: Proceeding to the payment window and choosing a suitable mode of payment. Step 1 Step 2 Step 3
  13. 13. Modes of Payment • Cash-on-Delivery • Cheque • Net-Banking Transfer • Credit or Debit Cards • Digital Cash (Bitcoins)
  14. 14. Security and Safety of e-Transactions
  15. 15. Outsourcing • The process of contracting out less important (i.e., non- core) business activities to external agencies that are highly specialised in those business activities. • In outsourcing, companies contract out certain activities to other firms that specialise in them. • Generally, non-essential activities that are contracted out. • Activities may be outsourced to a third party.
  16. 16. Advantages of Outsourcing • Focusing of attention on core activities • Quest for excellence • Cost of operation are reduced • Helps in generating employment oppurtunities • Growth through alliance
  17. 17. Disadvantages of Outsourcing • Confidentiality breach • Sweat-outsourcing • Ethical concers • Resentment in the home countires
  18. 18. Thank you for your patience hearing

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