Skip to main content

Managerial Issues

The managerial issues are as follows: 

1) It is the Business Issues that Count: To succeed, a business must understand how to meet the needs of their online customers. 

2) In-House or Outsource: Mainly depends on the company size. While many large scale enterprise are capable of running their own publicly accessible websites for marketing purposes, websites for online selling involve complex integration, security and performance issues. For those companies venturing into web-based selling, a key issue is whether the site should be build in- house, thus providing more direct control, or outsourced to a more experienced provider. Outsourcing services, which allow companies to start small and evolve to full-featured functions, are available through many ISPS. telecommunication companies, Internet malls and software vendors who offer merchant server and e-commerce applications.

3) Analysing the Data: One advantage of online marketing and selling is that an automatic record is made of everyone who visits website. The data that is collected can be invaluable in understanding these visitors and the steps that need to be taken to encourage first-time and repeat visitors. Non only do managers need to understand the types of data that can be gathered but also the software that is available for creating management reports from the data. 

4) Security: Management takes every precaution to ensure the security of their sites and their communications with site visitors. 

5) Evolving Web: The web is still in its infancy. The underlying standards, protocols, and governance continue to undergo rapid change. Without a basic understanding of their overall direction, it will be difficult to determine which electronic commerce technologies will be flexible enough to accommodate the change.
Labels:

Comments

Post a Comment

Popular Post

What is COVID-19 ?

COVID-19 is a disease caused due to the infection of novel coronavirus. The first case of COVID-19 disease was founded at Wuhan, China in December 2019. It also named as severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). COVID-19 is the most widely spread disease ever in the world. In most cases it infects the respiratory system that causes fever, dry cough, and shortness of breath. Previous : What is the difference between coronavirus and COVID-19 ?
Post a Comment
Read more

EDI and Business

Organisation that Uses EDI     1) Wal-Mart : An EDI link between Wal-Mart and one of its suppliers, Seminole Manufacturing Co. cut the delivery time of Seminole slacks by 50%. This resulted in a 31% sales increase of these slacks in the first 9 months after the link was established.   2) General Motors : General Motors have integrated EDI Electronic funds transfer at 30% of its assembly plants. Shipping receipts are sent electronically from the GM plant to an Electronic Data System (EDS is subsidiary of GM) computer center where they are matched against electronic invoices and purchase orders.   Suppliers group the shipping receipts, and one payment is made. This single payment may represent dozens of different shipments to different plants. These payments are also performed electronically via Electronic Funds Transfers.   3) J C Penney : Sales of Stafford suits jumped 59% after JC Penney linked up with their supplier Lanier Clothes. EDI allowed Penney to quickl...
Post a Comment
Read more

EDI Maturity Model

The development of EDI within an organisation or a trade sector goes through a number of stages. Saxena and Wagenaar suggest a three stage EDI maturity model as a part of a three-way analysis of EDI development in organisations, trade sectors and nations.  Figure 2.20 shows the concept of EDI maturity with a six-stage maturity model, and links it to the opportunities for competitive advantage. The stages of EDI development as represented in the model are:  Stage 1:Discovery : The first stage in EDI development is the discovery stage. Discovery can be by an organisation choosing to adopt EDI to gain competitive advantage or to solve an administrative problem.  Stage 2: Introductory : This stage requires investment hardware and software but, atleast significant, will be the time commitment in establishing the parameters of the electronic trading relationship. This stage, on its own, does not result in any cost saving or efficiency gain. there are direct costs in computer ...
Post a Comment
Read more