They argue that the availability and the advantage of being able to conduct all the business operations using mobile devices would have tremendous advantages over conventional e-commerce solutions in that users can now conduct their operations wherever they are (Searchmobilecomputing, 2006). However, industry gurus are of the view that such a development in the field would result into either of the two different possibilities listed below:
So what does one mean by using mobile devices to conduct business. In simple words, this essentially means that companies can use the mobile medium to broadcast information on their products and services thereby allowing them to reach millions of potential customers in the minimal cost. The idea is given more momentum by the explosive growth in the sales of mobile phones and devices. Add to that the fact that the number of users of devices other than conventional mobile phones such as palmtops and PDAs are virtually on the rise with every passing day. But, a fact that needs mention here is that such hand held devices have not been taken into consideration in the current framework. In general, the ACCC (2005) has given the following definition to M-Commerce that has been described below:
"Mobile commerce or 'm-commerce' is part of the shift of technology into mainstream business and everyday life.It is the use of handheld wireless devices such as mobile phones and palm pilots to communicate, interact and transact via high-speed connection to the internet."(ACCC, 2005)
Take a look at the potential advantages M-Commerce has got to offer. One could book tickets for movies by simply using his mobile phone and typing in his/her credit card number. Airline reservation would now be a simple affair and booking hotel rooms would not be a problem at all. Moreover, users can obtain news and other information by simply subscribing to such providers for a very small fee. Thus, mobile phone companies may also benefit in a large way by providing advertisement facilities to other businesses. But, as has been previously mentioned, these are simple mere possibilities at the moment and there are a large amount of technicalities that need to be worked out before these things become a reality (MobileInfo, 2006).
Popularity amongst users
The mobile industry is optimistic that there would be tremendous acceptance among users and customers of this new technology and this is due to the fact that many of them have even conducted numerous studies in this direction that provides an insight into the acceptance rates of M-Commerce. As an example, the Ericsson group as part of a study has made several important observations. The study has revealed that people expect the new technology as part of M-Commerce to provide some new features that will prove to be enhancements over the existing ones. In fact, the study has shown that the interest rate towards such technologies among the customer base is as much as over 80%.
Therefore, the group has also come to point to the fact that treating M-Commerce as merely
The term M-Commerce refers to the advent of the modern age of establishing commerce and business by using mobile technologies. In fact, within the computing world, the potential advantages of implementing solutions based on M-Commerce have become the most sought after thing of late…
According to the author, electronic commerce is the process of selling and purchasing products goods or services electronically with computerized business transactions which are supported through the Internet, networks, and other digital technologies. It can be defined as the process of carrying out business tasks using the Internet.
What Defines Success in Social Commerce?
The recent technological advancements have led to subtle effects in modern way of living, doing business, and interacting. Indeed, the advanced technology has promoted global business through networking and has eased the manner of doing business, increased productivity, enhanced product development, and increased the market base (Oracle, 2012).
E-Commerce and M-commerce operates on different technologies and modes of contacting the customer, for a normal user, both the terms sounds similar in terms of general Utility. Still while maintaining the similarity of utility, E-commerce and M-commerce are diversified and can be stated a competitive applications of technology trends.
es delivered by a variety of hand-held devices such as Personal Digital Assistants (PDAs) and enhanced alphanumeric communicators such as Blackberry devices (Dholakia, Dholakia, Lehrer & Kshetri, 2002). Meteoric growth of mobile phones in the 1990s urged the mobile phone
371). According to Kitch (2009), the Cell phones are the most ubiquitous electronic devices developed in this technology based age. Presently it is assessed that approximately more than 40 million Americans are
The major cause of these developments is attributed to the effect of the internet technology. Regardless of how it is being used for, internet is the most relevant factor that has influenced domestic and international markets for
e number of cybercrimes it has become mandatory that system administrators and website owners should develop a complete protection system which can become shields for their pages from hacking groups. Website threats are often deceptive like malwares or exploited websites, which
On their part, customers can now pay for their products via their mobile phones or through the internet. For example, the establishment of M-Pesa and ZAP money transfer methods in Kenya has made it possible for the Kenya based companies and individuals to pay for their
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