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fundamentals:market_places:e-commerce
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E-commerce

E-commerce (electronic commerce) became a global concept, which refers to the use of information and communication technologies (ICT) to manage inter-business or inter-organizational transactions and relationships as well as to gather relevant market information electronically. 1)

What does e-commerce include?

Usually, e-commerce is associated with businesses conducted on the internet. In its function as an online distribution channel, it contains the buying, exchanging and selling of products, services and information on the internet or other electronic systems.2)

From a broader perspective, e-commerce is often mentioned as a essential part of e-business. It includes an extensive variation of marketing and sales activities within the value chain and its business processes. In this context, e-commerce draws on such technologies as electronic data interchange (EDI), electronic funds transfer (EFT), enterprise resource planning (ERP), online marketing, customer relationship management (CRM), data mining and data warehousing etc..3)

Types of e-commerce

E-commerce activities cover interactions between different transaction partners and groups.

Examples:

  • B2B – data exchange and transmission (EDI) e.g. supplier management, inventory management, payment management;
  • B2C - gathering information, purchasing goods and services e.g. virtual malls, online shops (e-tailing);
  • B2A (or B2G) – information exchange, public procurement e.g. licensing procedures, tax (VAT) processing;
  • C2C – exchanging information, experiences and goods e.g. auctions (ebay), online portals and platforms;
  • A2C – e.g. online tax declaration;
  • A2A – electronic data transactions, information sharing;
  • B2E – communication, information and electronic data exchange between companies and employees (e.g. intranet, online travel management tools).4)

Regulations

Since the number of national and cross-border businesses conducted on the internet has been accelerating quickly, many countries (e.g. the United States) and supranational institutions such as the Consumer Protection and Enforcement Network (ICPEN), the Organization for Economic Cooperation and Development (OECD) and the World Trade Organization (WTO) started to establish a regulatory framework that especially deals with online security issues, transaction (e.g. payment) processing and customer rights.5)

In Europe, the distance selling directive provides a number of fundamental legal rights for consumers in order to ensure a high level of consumer protection throughout the EU-Member States as well as the European Economic Area (EEA).6) The directive 2002/65/EC 7) had to be integrated into national legal systems by 4 June 2000.

The proceeding of the digitalization and multilevel networking have a vast impact on the further expansion of e-business and e-commerce.8)

Due to the complexity of global markets and the future technological possibilities, the importance and possibilities of e-commerce will increase continuously. For this reason, business models and industry structures across the world will change and reinvent themselves. Many companies and organizations already employ e-commerce approaches sucessfully at various levels in the transaction's life cycle.

The reduction of transaction costs through automation and the accessability of new potential customers make mass-customization attractive for big companies and allow small businesses to easier develop niche markets.9)

Recent e-commerce trends:

  • Social commerce (via social networks with group deals and customized shopping experiences);
  • F-commerce (facebook as the new market place);
  • Curated commerce (prefiltering of information);
  • Behavioral marketing (look and learn from the customers);
  • Influence marketing (concept of social hubs);
  • Mobile commerce (use of mobile devices, apps);
  • Bricks and clicks (PoS transformation from bricks and mortar to 24/7-services);
  • Payment solutions (quick and easy payments via nfc chips for smartphones etc.);
  • Future couponing (digitalized and personalized coupons);
  • Innovative service solutions (e.g. video based and virtual online-shopping, transparent delivery status, expert advises via i-pad and twitter).10)
1)
Miess, Stephan. “Was Ist E-Commerce?” Webagency Infopool. WEBAGENCY, 2004. Web. 7 May 2012. <http://www.webagency.de/infopool/e-commerce-knowhow/ak981021.htm>.
2)
Yebuah, Ebenezar. “E-COMMERCE AND E-BUSINESS.” E-commerce and Its Business Model. Scribd, 2009. Web. 04 May 2012. <http://www.scribd.com/doc/2527149/Ecommerce-And-Its-Business-Model>.
3)
Opuchlik, Adam. Grundlagen. E-Commerce Strategie. 1st ed. Norderstedt: Book on Demand GmbH, 2005. 20. Print.
4)
Zettelmayr, Thomas. “ECommerce.” X-over. Thomas Zettelmayr, 2008. Web. 4 May 2012. <http://www.x-over.com/ecommerce.htm>.
5)
Free Encyclopedia of Ecommerce. “Regulating A Cyberspace Without Borders.” Global E-Commerce Regulation. Free Encyclopedia of Ecommerce, 2009. Web. 07 May 2012. <http://ecommerce.hostip.info/pages/507/Global-E-Commerce-Regulation-REGULATING-CYBERSPACE-WITHOUT-BORDERS.html>.
6)
European Commission. “Distance Selling.” EUROPA - Consumer Affairs. European Commission, 10 Mar. 2000. Web. 04 May 2012. <http://ec.europa.eu/consumers/cons_int/safe_shop/dist_sell/index_en.htm>.
7)
European Parliament, Council. “Directive 2002/65/EC of the European Parliament and of the Council.” EUR-Lex. EUR-Lex, 23 Sept. 2002. Web. 04 May 2012. <http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=CELEX:32002L0065:EN:NOT>.
8)
Kotler, Philip, and Friedhelm Bliemel. “Online Marketing.” Marketing Management. 10th ed. Stuttgart: Schäffer Poeschl, 2001. 1210. Print.
9)
Opuchlik, Adam. Introduction. E-Commerce Strategie. 1st ed. Norderstedt: Book on Demand GmbH, 2005. 11-13. Print.
10)
Höfer, Matthias, Uwe Jens Neumann, and Sandro Megerle. “Trendbook ECommerce.” E-commerce-hamburg. [email protected] E.V., 2012. Web. 04 May 2012. <http://www.e-commerce-hamburg.de/fileadmin/city/upload/docs/Trendbook_eCommerce_2012.pdf>.
  • Bookmark "E-commerce" at del.icio.us
  • Bookmark "E-commerce" at Digg
  • Bookmark "E-commerce" at Furl
  • Bookmark "E-commerce" at Reddit
  • Bookmark "E-commerce" at Ask
  • Bookmark "E-commerce" at Google
  • Bookmark "E-commerce" at Netscape
  • Bookmark "E-commerce" at StumbleUpon
  • Bookmark "E-commerce" at Technorati
  • Bookmark "E-commerce" at Live Bookmarks
  • Bookmark "E-commerce" at Yahoo! Myweb
  • Bookmark "E-commerce" at Facebook
  • Bookmark "E-commerce" at Newsvine
  • Bookmark "E-commerce" at Yahoo! Bookmarks
  • Bookmark "E-commerce" at Twitter
  • Bookmark "E-commerce" at myAOL
  • Bookmark "E-commerce" at Slashdot
  • Bookmark "E-commerce" at Mister Wong
fundamentals/market_places/e-commerce.txt · Last modified: 2012/12/12 18:54 (external edit)