E-business refers to conducting business over the internet and integrating internet technologies into various business processes. It allows companies to attract and retain customers, streamline supply chains, automate processes, and make better business decisions using data analytics. To be an e-business requires integrating various applications like e-commerce websites, supply chain management, CRM, and ERP. The integration of these applications and business processes both within and across companies is key to realizing the benefits of e-business. E-business trends indicate it will continue growing globally and revolutionizing how companies interact with customers and partners.
What is E-commerce; it's features,advantages & disadvantages;origin and phases of development; the Business Models; the E-commerce process; Payment systems and its security; Legal aspects; Real Examples-Amazon, Alibaba, eBay, Flipkart; Stats.& Figures for Indian GDP
What is E-commerce; it's features,advantages & disadvantages;origin and phases of development; the Business Models; the E-commerce process; Payment systems and its security; Legal aspects; Real Examples-Amazon, Alibaba, eBay, Flipkart; Stats.& Figures for Indian GDP
E-commerce is an facility for each and every user buying and selling product through the internet. By using E-commerce we can manage everything in our time. Every person/user can handle different transaction like E-payment-billing, Mobile banking, Net banking-learning, E-insurance, etc. In india E-commerce technology is increased because of wide range of products and minimum price wide range of suppliers and customers internet. Electronic Commerce is enabling the customer to have an increasing say in what products are made, how products are made and how services are delivered. Through the E-commerce we can achieve greater economic efficiency (lower cost) and more rapid exchange (high speed, accelerated, or real-time interaction.This paper gives an overview of the future of ECommerce and discusses the scope,challenges,Types of E-commerce,Uses ,Advantages and disadvantages of E-Commerce. Also use of EDI.We also find out to help future growth of Indian e-commerce. This paper also represent evaluation of internet users. Ashwini Jagdale | Rupnawar Ashwini"Challenges of E-commerce " Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-1 | Issue-5 , August 2017, URL: http://www.ijtsrd.com/papers/ijtsrd2260.pdf http://www.ijtsrd.com/computer-science/other/2260/challenges-of-e-commerce-/ashwini-jagdale
E-business vs. e-commerce. E-commerce and e-business are similar, with e-commerce referring to buying and selling products online. However, e-business defines a wider range of business processes by including aspects such as supply chain management (SCM), electronic order processing and customer relationship management (CRM) designed to help the company operate more effectively and efficiently.
business research topics for mba
mba topics for presentation
mba project topics
mba research topics in management
dissertation topics for mba
mba finance research topics
mba topics on strategic management
thesis topic for mba
e business information
e business pdf
e business definition
ericsson e business
list of e businesses
e business sv
tetra pak e business portal
e business examples
What is E-BUSINESS?
Benefits and Limitations of E-Business
Types of E-business
Online Transactions And Security Of E- Transactions
Applications of E-commerce
Why Are E-commerce Trends so Important?
Class Activity done with data accumulation from various internet websites and database sources for better understanding of e-commerce models functioning at present and their uses in Indian scenario.
Copyright Notice:
This presentation is prepared by Author for Perbanas Institute as a part of Author Lecture Series. It is to be used for educational and non-commercial purposes only and is not to be changed, altered, or used for any commercial endeavor without the express written permission from Author and/or Perbanas Institute. Appropriate legal action may be taken against any person, organization, or entity attempting to misrepresent, charge, or profit from the educational materials contained here.
Authors are allowed to use their own articles without seeking permission from any person, organization, or entity.
E-commerce is an facility for each and every user buying and selling product through the internet. By using E-commerce we can manage everything in our time. Every person/user can handle different transaction like E-payment-billing, Mobile banking, Net banking-learning, E-insurance, etc. In india E-commerce technology is increased because of wide range of products and minimum price wide range of suppliers and customers internet. Electronic Commerce is enabling the customer to have an increasing say in what products are made, how products are made and how services are delivered. Through the E-commerce we can achieve greater economic efficiency (lower cost) and more rapid exchange (high speed, accelerated, or real-time interaction.This paper gives an overview of the future of ECommerce and discusses the scope,challenges,Types of E-commerce,Uses ,Advantages and disadvantages of E-Commerce. Also use of EDI.We also find out to help future growth of Indian e-commerce. This paper also represent evaluation of internet users. Ashwini Jagdale | Rupnawar Ashwini"Challenges of E-commerce " Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-1 | Issue-5 , August 2017, URL: http://www.ijtsrd.com/papers/ijtsrd2260.pdf http://www.ijtsrd.com/computer-science/other/2260/challenges-of-e-commerce-/ashwini-jagdale
E-business vs. e-commerce. E-commerce and e-business are similar, with e-commerce referring to buying and selling products online. However, e-business defines a wider range of business processes by including aspects such as supply chain management (SCM), electronic order processing and customer relationship management (CRM) designed to help the company operate more effectively and efficiently.
business research topics for mba
mba topics for presentation
mba project topics
mba research topics in management
dissertation topics for mba
mba finance research topics
mba topics on strategic management
thesis topic for mba
e business information
e business pdf
e business definition
ericsson e business
list of e businesses
e business sv
tetra pak e business portal
e business examples
What is E-BUSINESS?
Benefits and Limitations of E-Business
Types of E-business
Online Transactions And Security Of E- Transactions
Applications of E-commerce
Why Are E-commerce Trends so Important?
Class Activity done with data accumulation from various internet websites and database sources for better understanding of e-commerce models functioning at present and their uses in Indian scenario.
Copyright Notice:
This presentation is prepared by Author for Perbanas Institute as a part of Author Lecture Series. It is to be used for educational and non-commercial purposes only and is not to be changed, altered, or used for any commercial endeavor without the express written permission from Author and/or Perbanas Institute. Appropriate legal action may be taken against any person, organization, or entity attempting to misrepresent, charge, or profit from the educational materials contained here.
Authors are allowed to use their own articles without seeking permission from any person, organization, or entity.
This presentation is prepared by Author for Perbanas Institute as a part of Author Lecture Series. It is to be used for educational and non-commercial purposes only and is not to be changed, altered, or used for any commercial endeavor without the express written permission from Author and/or Perbanas Institute. Appropriate legal action may be taken against any person, organization, or entity attempting to misrepresent, charge, or profit from the educational materials contained here.
Authors are allowed to use their own articles without seeking permission from any person, organization, or entity.
Modern World has witnessed tremendous growth of e-commerce industry in term of volume of business and its acceptance among the customers. It has really posed a question on traditional commerce module so as many of them has associated or converted themselves into e-commerce. The question remains whether all of India has been included in it or only urban population is availing the facilities available via e-commerce; and secondly are the online customers fully satisfied and do not expect anything else save what is offered right now ? In this research we have tried to find out answer to these questions so as the customer can share their experiences and perceptions towards the e-commerce business module and how the relationship could be better by identifying areas of improvement and inclusion for the e-commerce industry to make the relationship fruitful.
Ebusiness offers SMEs away to gain competitive advantage. Ebusiness as opposed to Ecommerce helps to provide e-enablement to all aspects of business from manufacturing processes to HR,marketing,finance and sales,etc...and not just the selling or buying through electronic means.
89% of consumers switch to a competitor after a poor CX Abhishek Sood
89% of consumers switch to a competitor following a poor customer experience, according to an Oracle study. But how can you use digital technology to improve your customers' experience?
Uncover how several prominent businesses embraced digital technologies to retain customers and increase profits. For example, Domino's Pizza had a 23% growth in profit after it allowed customers to track their deliveries online.
Discover the 4 factors that can make a digital transformation project profitable and worthwhile.
The linking of computers around the world is going to have far reaching effects, and the spread of knowledge, the interchange of ideas and the dissemination of information are going to produce a revolution in our society. Digital business use technology to create new value in business models, customer experiences and the internal capabilities that support its core operations. The term includes both digital only brands and traditional players that are transforming their businesses with digital technologies. the more important benefits derived from developing a digital business include the ability of your organization to rapidly develop and move into new markets uncover and form partnerships reach new customers and expand your brand with new and existing customers as an innovator, among many others. Digital business is about the creation of new business designs by blurring the physical and digital world. It is about the interaction and negotiations between, business, and things. A. Karthik | M. Karthikeyan | P. H. Gopikannan "Digital Business" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-6 , October 2020, URL: https://www.ijtsrd.com/papers/ijtsrd33644.pdf Paper Url: https://www.ijtsrd.com/management/marketing/33644/digital-business/a-karthik
Building Next-Gen Enterprise Using Digital TransformationNIIT Technologies
This paper encapsulates the importance of Digital Strategy in building a brand and providing the fuel to fire growth in enterprise businesses. Gone are the days when online channels were used as mere travel booking tools. As we move into an era of the hyper connected world, businesses can no longer see technology in isolation. High expectations of ‘digitally aware’ travelers and the large amount of information available pose a unique challenge. Enterprises need to analyze if they have really been able to derive maximum potential from this digital surge, and turn it into a competitive advantage in their favor.
IIoT uses the power of smart
machines and real-time analytics to take advantage of the data that "dumb machines" have produced in industrial settings for years. The driving the philosophy behind IIoT is that intelligent machines are not only better than humans at
capturing and analyzing data in real-time, but they're also better at communicating important information that can be used to drive business decisions faster and
more accurately.
Artificial Intelligence and Internet of Things.pptxJitendra Tomar
Today’s business world is changing with the adoption of IoT (Internet of Things).
IoT is helping in prominently capturing a tremendous amount of data from
multiple sources. However, wrapping around the multitude of data coming
from countless of IoT devices, makes it complex to collect, process, and
analyze the data.
Realizing the future and full potential of IoT devices will require an investment
in new technologies. The convergence of AI (Artificial Intelligence) and IoT can
redefine the way industries, business, and economies functions. AI-enabled
IoT creates intelligent machines that simulate smart behavior and supports in
decision-making with little or no human interference.
Business intelligence and analytics (BI&A) and the related field of big data analytics have become increasingly important in both the academic and the business communities over the past two decades. Industry studies have highlighted this significant development.
Reshaping Business with Artificial IntelligenceJitendra Tomar
Disruption from artificial intelligence (AI) is here, but many company leaders aren’t sure what to expect from AI or how it fits into their business model.
Yet with change coming at breakneck speed, the time to identify the company’s AI strategy is now.
Here is the baseline information on the strategies used by companies leading in AI, the prospects for its growth, and the steps executives need to take to develop a strategy for their business.
Managers at all levels will have to adapt to the world of smart machines. The fact is, artificial intelligence will soon be able to do the administrative tasks that consume much of managers’ time, and that too in a faster and better way, and at a lower cost.
AI - Rise of Big Data in Business PlanningJitendra Tomar
The current podcast deliberates on Big Data and its utility in Business Planning, Business Intelligence. The Show focuses on how organizations develop business intelligence through various technologies.
The current podcast is on Effect of A I on Economics and Business Management.
It will help us explore how Artificial Intelligence impacts the World Economy.
4. Internet of Things - Reference Model and ArchitectureJitendra Tomar
Architecture Reference Model Introduction, Reference Model and architecture, IoT reference Model, Functional View, Information View, Deployment and Operational View, Real World Design Constraints- Introduction, Technical Design constraints, Data representation and visualization
Devices and gateways, Local and wide area networking, Data Management, Business processes in IoT, Everything as a Service(XaaS), M2M and IoT Analytics, Knowledge Management, Architecture Reference Model Introduction, Reference Model and architecture, IoT reference Model
2. Internet of Things - A Market PerspectiveJitendra Tomar
Introduction, Some Definitions, M2M Value Chains, IoT Value Chains,
An emerging industrial structure for IoT - The information-driven global value chain and global information monopolies.
M2M to IoT-An Architectural Overview– Building an architecture, Main design principles and needed capabilities, An IoT architecture outline, standards considerations
The slideshow will help the learners to relate the code of ethics with the appropriate profession, Comprehend the concept of professional ethics, Analyse various ethical issues at the workplace, and Interpret theories of ethics and their implications.
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
According to TechSci Research report, “India Orthopedic Devices Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the India Orthopedic Devices Market stood at USD 1,280.54 Million in 2024 and is anticipated to grow with a CAGR of 7.84% in the forecast period, 2026-2030F. The India Orthopedic Devices Market is being driven by several factors. The most prominent ones include an increase in the elderly population, who are more prone to orthopedic conditions such as osteoporosis and arthritis. Moreover, the rise in sports injuries and road accidents are also contributing to the demand for orthopedic devices. Advances in technology and the introduction of innovative implants and prosthetics have further propelled the market growth. Additionally, government initiatives aimed at improving healthcare infrastructure and the increasing prevalence of lifestyle diseases have led to an upward trend in orthopedic surgeries, thereby fueling the market demand for these devices.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
1. introduction e business management
1. Jitendra Tomar, Amity School of Business, AUUP Page 1
Synopsis - E-Business
Introduction to E-Business
The Internet revolution has advanced to the stage at which every enterprise must become an e-
business. This is an imperative and not a choice. Hence, it is necessary to determine when and
how an enterprise becomes an e-business.
What is e-business? It is a fundamental change to the way an organization conducts business. An
e-business uses Internet technology to:
Attract, satisfy, and retain the customers who buy its products and services
Streamline supply chain, manufacturing, and procurement systems to efficiently deliver
the right products and services to the customers
Automate corporate business processes to reduce cost and improve efficiency through
self-service
Capture, analyze, and share business intelligence about customers and company
operations. This enables management to make better business decisions and to
continually refine business strategy.
An e-business requires a variety of Internet-enabled applications including e-commerce Web
sites, portals, supply-chain management, procurement management, online marketplaces,
customer relationship management, and enterprise resource planning. All these applications must
be integrated with one another to make an enterprise an e-business.
Amalgamation of services, the Key to E-Business
The necessity for businesses to become "zero latency organizations" drives enterprise-wide
integration of information systems and applications. For instance, in a smoothly running e-
business:
An order received at an electronic storefront is automatically visible to a customer service
representative who must answer customer inquiries about its status.
The order is automatically propagated to a supply chain application to start a planning
and execution operation.
The order information is exchanged over the Internet with a supplier or partner who
provides fulfillment and delivery.
e-Business
2. Jitendra Tomar, Amity School of Business, AUUP Page 2
These developments drive the need for e-business integration:
Mergers and Acquisitions
Packaged Applications
Business Process Re-engineering
Virtual, Dynamic Supply Chains
Customer Relationship Management
Corporate Self-Service
Business-to-Business Commerce
Application Service Providers and Hosting
Difference In e-Commerce & e-Business
E-commerce describes the process of buying, selling, transferring, or exchanging products,
services, and/or information via computer networks, including the Internet.
E-Busies refers to not just the buying and selling of goods and services, but also servicing
customers, collaborating with business partners, conducting e-learning, and processing electronic
transactions.
e-Business integrate their web based systems with their business systems for processes like
supply chain management, customer relationship management, online transacting processing, as
well as traditional systems like computer based accounting, business information systems, and
the internal systems such as production inventory management, product development, risk
management, financial management, knowledge management, human resources, and similar
processes.
This integration of business process in 4 directions:
Vertical – between web front and back-end systems.
Lateral – between a company and its customers, business partners, suppliers or
intermediaries.
Horizontal – among ERP, CRM, Knowledge management, and Supply Chain
Management.
Downward – through the enterprise, for integration of new technologies with redesigned
business processes.
E-Business Trends
Key questions that must be integrated into future business strategy are: How will changing
customer demographics affect business strategy? What workface shifts will attract talent? What
are the top technologies and business processes that will shape competitive advantage? How
will future economic trends affect markets? What new opportunities does science offer? What
role will globalization and trade play in the future? What are the essential strategies to building
an agile organization and navigating uncertainty?
3. Jitendra Tomar, Amity School of Business, AUUP Page 3
Business is totally dominated, as are governments by the speed, intelligence, communications
and linkage of technology enabled services that support the culture.
1. E-business will become a critical competitive strategy that will revolutionize the global
economy.
2. Companies will learn to manage customers’ relationships by virtually serving their needs “24
× 7″-24 hours a day, 7 days a week.
3. E-business that enables customers to personalize and customize products or services will
flourish.
4. Using the Net to find new customers and to better target customer preferences will be a
standard practice.
5. Producing, marketing, and distributing products or services online will be a cost-effective
strategy for business.
6. Learning to develop and serve online communities with niche interests will be essential to
building customer loyalty.
7. E-business models that provide greater choice for customers will change the traditional
economics of supply and demand.
8. Ready access to the Net from multiple gateways-cable TV, satellite, wireless telephones, and
other devices-will greatly expand e-business opportunities.
9. Highly efficient e-business virtual supply chains will intimately link manufacturers and
producers directly to customers.
10. E-business will reach over one billion people and generate more than $2 trillion in revenues
worldwide by 2018.
4. Jitendra Tomar, Amity School of Business, AUUP Page 4
What companies had been doing till date for expansion on electronic media:
1. Business without borders
2. Free and faster shipping
3. Go Mobile
4. Use RSS and Direct-to-Desktop Technology
5. Create Content With Viral Potential for marketing
6. Consumer-driven demand and personalization
7. Growth of guided discovery through feedback
8. It's still about the brand
Managerial and Technological Implications:
Management Implications:
1. Security and privacy concerns deter customer from buying
2. Lack of trust in EC and in unknown sellers hinders buying
3. Many legal and public policy issues, including taxation, are yet unresolved.
4. National and International government regulations sometimes get in the way
5. It is difficult to measure some benefits of EC, such as advertising. There is a lack of mature
measurement methodology.
6. Some customers like to feel and touch products. Also, customers are resistant to the change
from a real to a virtual store.
7. People do not yet sufficiently trust paperless, faceless transactions.
8. In most case, there is an insufficient number of sellers and buyers which are needed for
profitable EC operations.
9. There is an increasing amount of fraud on the internet.
10. It is difficult to obtain venture capital due to the dot-com disaster.
11. The digital divide is still very high in the society.
Technical Implications:
1. There is a lack of universally accepted standards for quality, security, and reliability.
2. The telecommunications bandwidth is insufficient
3. Software development tools are still evolving
4. There are difficulties in integrating the internet and EC software with some existing
applications and databases.
5. Special web servers are needed in addition to the network servers.
6. Internet accessibility is still expensive and/or inconvenient.
7. Order fulfillment of large scale B2C requires special automated warehouses.
5. Jitendra Tomar, Amity School of Business, AUUP Page 5
Impact on Economy:
Global trends – estimates vary,
Forrester (for 2013)
o B2B transactions: $559 billion (US market only)
o B2C transactions: $252 billion (US market only)
Interactive Media in Retail Group (for 2013)
o B2C revenue: $1.25 trillion
Goldman Sachs (for 2013)
o Retail web revenue: $963 billion
eMarketer (for 2013)
o B2C e-commerce revenue: $1.3 trillion
6. Jitendra Tomar, Amity School of Business, AUUP Page 6
Some Extraordinarily Ordinary News
11. Jitendra Tomar, Amity School of Business, AUUP Page 11
Prospects of Economic Development – Indian Scenario:
Prospects of economic development through electronic medium can be cited from the
composition and size of the Indian population. India’s 60% of the population consists of young
people who are unemployed, educated, angry, somewhat educated, but have not skills or are
unemployable. These are about half of the total 15 to 24 year olds of which Indian population
consists of. A portion of it is self-employed micro entrepreneurs, who are smart, keen to learn
and full of ideas. Electronic medium, internet and social networking sites cannot prove to be a
platform to showcase and even sell their products and extent their services to various
stakeholders. With the efficient use of electronic medium, any indigenous product – whether it is
a book, or a dress material, peculiar to a certain region, one can find a market not only in the
domestic market but in the international market as well. This with the right kind of linkages can
grow up to a big industry as well. India’s cultural and geographical difference can be put on
advantage today, by showcasing each region’s indigenous products through the Global internet,
whether it is for the retail market or online streaming video, or online same day grocery delivery.
All we need today is simply a smart phone or a computer. And if one can walk up the ladder to
be a billionaire, he can have packages of food or other commodity dropped off by unmanned
drones instead of bomb shells!
12. Jitendra Tomar, Amity School of Business, AUUP Page 12
As on today the e-commerce sites are targeting the upper and upper-middle class section of the
society selling from industrial motors, consumer durables, to fashion accessories and the likes in
India. E-business can be extended further to cover larger sections of the society and larger
varieties of products at a lesser time and at a lesser price. The hospitals run out of medicine and
surgical necessities in the rural areas. The challenge is to reach the unreached, by approaches that
are accessible, acceptable and affordable. It may start at an individual level, but definitely be
made big with a team effort.
Any person with entrepreneurial skills or even with marketing skills, having a fair knowledge of
financial support available, angel investors, start-up incubators, accelerators, can start an
entrepreneurial venture with wide reach if technology is used.
The use of technology in business has had tremendous impact over society and economy as
whole. The five common economic effects of ICT are:
1. Direct job creation.
2. Contribution to GDP growth.
3. Emergence of new services and industries.
4. Workforce transformation.
5. Business innovation.
Online Operations – Business perspective.
The new ventures have given advantages too when they are starting up:
1. Lower set up and running costs than an offline businesses.
2. The business can be operated from anywhere.
3. Scale-ability.
4. No opening time restrictions.
5. More measurable, better information collection and analytics.
6. Less time intensive.
7. Higher margins and better cash flow.
Online Operations – Customer’s Perspective.
1. Better Prices and comparative shopping.
2. Convenience, 24/7 Shopping.
3. Variety.
4. Discreet Purchases.
5. Compulsive Shopping.
6. Physical market hassle.
7. Clear Product Information For the Customer.
8. Track Your Purchase and Choose Delivery Dates.
9. Reduction in Personal Carbon Footprint.