CHAPTER 1 - INTRODUCTION 1.0 Introduction: This section of the research report introduces the topic that will be researched by means of a research questionnaire. This basically is a descriptive study that uses variables from previously published materials…
The impetus for all these changes has been provided by the digital revolution that has lead to the emergence of an information age. This revolution has taken over the reins of the world from the previous revolution which was the industrial revolution. In contrast to the industrial revolution that was characterized by mass production and mass consumption, store stuffed with inventory, ads placed everywhere and rampant discounts, the information age has turned up with a proposition that promises to lead to more accurate levels of production, more targeted communications and more relevant products and pricing. Companies in this new paradigm are expanding the scope of their business by entering new marketplaces which are located in different geographical regions. This initiative is being facilitated by technological advancements in the areas of transportation, shipping, and communication. In addition to this, companies in this new paradigm are finding it easier to purchase products and services from suppliers who were previously not known to them. Consumers similarly can also purchase products or services from providers located in different regions. To complement these technological advancements, many countries have taken an initiative to deregulate their industries in order to create greater competition and growth opportunities. As a result of this change, companies operating in different industries are competing to provide better and differentiated services to their customers and by doing so build a loyal customer base. Much of these above mentioned changes stem from the government’s policies of deregulation and liberalization. In order to respond efficiently to these changes, companies that were previously public limited have converted into private ownership and management. This transformation has drastically improved their efficiency. This new operating paradigm has also created intense competition for previously national brands, which are facing hostile attacks from domestic and foreign brands. This has led to the rising of promotional budgets of the companies as a result of which profit margins of these companies are shrinking exponentially. The companies that are part of the retail industry are being further pounded by the powerful retail chains that are giving them limited self space and bring out their own private brands to compete with national brands. This new paradigm is also witnessing the convergence of different industries which is the result of the blurring of the boundaries of different industries. This intersection of previously distinct industries is providing new opportunities for companies operating in these industries. The convergence of different industries is being fuelled by the emergence of innovative digital technologies. Consumers are avoiding products which are considered by them to over market themselves. In this intense competition, small retailers are facing intense competition and pressure from the growing power of retailers and category killers. These small retailers are facing competition from catalogue houses, direct mail firms, newspapers, magazines, TV advertisements, home shopping televisions, and e-commerce marketplace over the internet. To counter these competitive forces small retailers are focusing on build in-house entertainment sources like coffee bars, lectures, documentations and live performances. They are trying to market their customers a unique outing experience rather than extended product assortment (Ahuja, ...
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The present information technology trends show that the use of the Internet for carrying out business operations is always increasing. Especially, in the past few years, the use of the Internet has turned out to be very common for performing business operations and expanding business reach to the worldwide customers in a convenient way.
Postal services in Saudi Arabia are used now for sending and receiving of parcels and this has limited the services offered by most of the firms in the postal service industry. With the advancement of technology, different kinds of threats have been faced by firms in the postal service industry and therefore it has become imperative for these firms to modify their services to meet the changing needs of the consumers in Saudi Arabia.
Almost, all the sectors including finance, retail and communication segments of businesses are enormously being affected by e-commerce activities. In other words, it can broadly be stated that e-commerce has dramatically changed the business modes by a significant level.
to 2009-10 28 4.4 Trend in Retained Earning between 1996-97 and 2009-10 30 Chapter 5 – Conclusion and Recommendations 32 References 34 Organization for Economic Cooperation and Development. (1999). The Economic and Social Impact of Electronic Commerce: Preliminary Findings and Research Agenda.
Brdicka (1999) asserts that “the first reference on the influence of modern technology on the social issues appeared in works of some sociologists in the late sixties of the 20th Century.” Today, it is clear what the influence of modern technology is on social issues.
Mobile commerce is the combination of internet and mobile phones which optimizes consumer convenience while making it possible for a wider audience to gain from this development. The success of m-com depends to a large extent on adoption of technology. While the Asian countries have surged ahead in m-com applications, many Western countries lag behind.
base 35 1.9.3.Design Methods 36 1.9.4.Analysis of Construction 40 4.User Guide 46 5.Testing 47 1.10.Test Techniques and Methods 47 1.11.Test Plan 48 6.Evaluation 51 1.12.Stage Wise Evaluation 51 1.12.1.Evaluation of Analysis 51 1.12.2.Implementation Methodology 52 1.12.3.Testing 52 1.13.Problems and Modifications 53 1.14.Experiences 53 1.15.Future work 54 7.Bibliography 55 8.Appendix A – Class Diagram 59 9.Appendix B – Logical Data Model 60 1.
According to the report there are different forms of electronic business starting from automated data collection systems to inventory management systems, electronic data interchange, online transaction processing, Internet marketing, supply chain management and electronic funds transfer. This form of business is able to reach a global market.
According to Yi and Hwang, construction companies throughout the world are splintered primarily because of the involvement of several investors as well as phases in a particular project. It is due to this fragmentation that construction companies have been facing several well documented challenges regarding information communication and processing.
The author states that the field of e-commerce has been hit again by a significant development: m-commerce. With more than 20 percent of total online revenue coming from handheld gadgets, enterprises are now doubling their efforts in establishing mobile optimised e-stores and websites to serve clients on-the-go.
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