E-Business We Have Experienced Financial Market Meltdown Research Paper

Pages: 3 (1436 words)  ·  Bibliography Sources: 8  ·  Level: Doctoral  ·  Topic: Business

E-Business

We have experienced financial market meltdown and global banking crisis. Why is e-commerce important in these difficult economic times?

There are many positive aspects of e-commerce that lessen the shock of economic turbulence and uncertainty. The financial market meltdown and global banking crisis could have been worse without the efficiency, security and high level of auditability all attributable to e-commerce system development and ongoing use (Dehning, Richardson, Urbaczewski, Wells, 2004). E-commerce is critical during these uncertain, turbulent and economically challenging times due to the level of trust that they sustain and grow despite these economic downturns (Gokmen, 2012). Finally e-commerce systems have over time also created a more unified transaction and credit reporting network as well. All of these factors have combined to make the financial market meltdown and global banking crisis less severe than it potentially could have been without these systems and the networks they were instrumental in creating and sustaining today.

Bibliography:

Dehning, B., Richardson, V.J., Urbaczewski, a., & Wells, J.D. (2004). Reexamining the value relevance of E-commerce initiatives. Journal of Management Information Systems, 21(1), 55-82.

Gokmen, a. (2012). Virtual business operations, e-commerce & its significance and the case of turkey: Current situation and its potential. Electronic Commerce Research, 12(1), 31-51.

Why is it important to conceptualize consumers' perceptions of e-commerce quality?

Being able to conceptualize consumers' perceptions of e-commerce quality will have a different effect on the usability and customization options engineered into these systems to begin with. The ability to design e-commerce systems that conceptualize consumers' perceptions is obviously critical to customer satisfaction (Kumar, Petersen, 2006). Creating e-commerce systems of value needs to begin by concentrating on consumer's perception of e-commerce quality and value, then be architected based on those factors to ensure adoption and long-term use of these systems (Dehning, Richardson, Urbaczewski, Wells, 2004).

Bibliography:

Dehning, B., Richardson, V.J., Urbaczewski, a., & Wells, J.D. (2004). Reexamining the value relevance of E-commerce initiatives. Journal of Management Information Systems, 21(1), 55-82.

Kumar, S., & Petersen, P. (2006). Impact of e-commerce in lowering operational costs and raising customer satisfaction. Journal of Manufacturing Technology Management, 17(3), 283-302.

Why is there a relationship between Information Technology and e-commerce leadership?

The series of Information Technologies (it) that are used for managing all commercial relationships an organization has must be tightly integrated to the e-commerce systems as well for both to succeed. Leadership in it systems management has a direct effect on the success of all strategies and initiatives, and especially so on e-commerce, which tends to stress it systems from a business standpoint more than any other department (Gregory, Karavdic, Zou, 2007). Leadership in it can quickly translate into global leadership in e-commerce as well, with both combining to deliver exceptional responsiveness and value to customers, driving up customer satisfaction (Kumar, Petersen, 2006).

Bibliography

Gregory, G., Karavdic, M., & Zou, S. (2007). The effects of E-commerce drivers on export marketing strategy. Journal of International Marketing, 15(2), 30.

Kumar, S., & Petersen, P. (2006). Impact of e-commerce in lowering operational costs and raising customer satisfaction. Journal of Manufacturing Technology Management, 17(3), 283-302.

Why a systemic approach to e-commerce may lead to the success of an organization or company?

Taking a systematic approach to e-commerce in any organization is critically important and a key success factor in the success of translating investments in these strategies into results. Of the many benefits of taking a systematic approach to e-commerce the most significant is ensuring the system will have a very high level of adoption with the internal staff that needs to support its many functions, to ensure a high level of customer satisfaction is achieved (Wen, 2004). A systematic approach will also ensure that the e-commerce platform will continue to reflect the requirements of customers over time as well (Kumar, Petersen, 2006).

Bibliography

Kumar, S., & Petersen, P. (2006). Impact of e-commerce in lowering operational costs and raising customer satisfaction. Journal of Manufacturing Technology Management, 17(3), 283-302.

Wen, M. (2004). E-commerce, productivity, and fluctuation. Journal of Economic Behavior & Organization, 55(2), 187-206.

How Information Technology contributes to effective learning communities?

Information technology makes a myriad of contributions to effective learning communities. From the creation of shared workspaces or collaboration platforms, to the development of e-learning systems that have the ability to pace complex projects for the student to attain long-term… [END OF PREVIEW]

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