StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Introduction To E-Business - Essay Example

Cite this document
Summary
Tata Steel, the steel giant of India has entered the e-business market through its new initiative called e-procurement to help its suppliers across the globe. The new e-procurement site of Tata Steel is the company's Business-2-Business (B2B) procurement platform…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER95.8% of users find it useful
Introduction To E-Business
Read Text Preview

Extract of sample "Introduction To E-Business"

Introduction to E-business B2B e-business of Tata Steel Tata Steel, the steel giant of India has entered the e-business market through its new initiative called e-procurement to help its suppliers across the globe. The new e-procurement site of Tata Steel is the company's Business-2-Business (B2B) procurement platform. It is believed that all the suppliers of Tata Steel who become e-partners would definitely reap a lot of benefits through this new initiative of the company (Tata Steel, 2004).

The site offers Web based multi-directional flow of transactional and business information, between transaction participants which forms the backbone of the Internet revolution as applicable in the B-to-B business scenario. All cross-organizational elements of the Inbound Supply Chain, including different aspects like Enquiry/RFQ details, Online and Offline Quotation logging, Order Placement, Delivery compliance monitoring, Order amendments, Material Receipt and Payment tracking are covered and also relevant transactions can be made through this e-procurement site.

In addition to these new features and benefits, value-added services such as Negotiation Chat Room with Bid revision tracking (Reverse Auction), Transactional correspondence (mails initiated on a transaction hitting appropriate mailboxes) and e-Mail notifications and acknowledgements, are also offered (Tata Steel, 2004). While the site incorporates all the basic functionalities that may be required, the company is still putting in continuous effort towards providing value-added services and features.2. Taobao - China's leading C2C vendorTaobao.

com, China's leading consumer e-commerce website is a division of the Alibaba Group (Alibaba Group, 2007). Taobao is a shopping marketplace for consumers in China. Founded by parent Alibaba Group, it facilitates transactions between individual consumers and a wide range of sellers such as retailers, wholesalers, and other individuals. Similar to eBay, sellers are able to post new and used goods for sale on the Taobao marketplace either through a fixed price or negotiated sale or by auction (Crunch Base, 2008).

Since its launch in May 2003, Taobao has become China's leading C2C and B2C marketplace, surpassing competitors on all key metrics, including website traffic, active users, product listings, and transaction volume. Taobao is a wholly-owned subsidiary of Alibaba Group (Alibaba Group, 2007). Taobao used free-service strategy to enter the market when it launched its C2C business and decided to keep transactions free of charge until 2008 (chen, 2007). To get the target customers, the company provides online transactions as its major products, and also uses marketing strategies such as pricing and promotion to convert prospects into first-time customers and to win back dissatisfied customers.

Additionally, Taobao encourages customers to make product design and service suggestions (chen, 2007).3. P2P e-business of PayPal P2P (Peer-to-Peer) is an e-business which is basically a form of file sharing communications in which each participant has the same capabilities and either party can initiate a communication session. PayPal is an example of a P2P payment system (eBusiness Connections, 2006). Peer-to-peer model lends itself particularly well to the design of decentralized business transaction processing systems.

Peer-to-peer systems have evolved and matured considerably and are capable of providing practical and satisfactory solutions to many of the problems that arise in the conversion from a centralized to a de-centralized system design (Androutsellis, 2004). PayPal, the trusted leader in online payments, enables buyers and businesses to send and receive money online. PayPal has over 100 million member accounts in 190 countries and regions. It's accepted by merchants everywhere, both on and off eBay (PayPal, 1999).

The service allows anyone to pay in any way they prefer, including through credit cards, bank accounts, buyer credit or account balances, without sharing financial information. PayPal has quickly become a global leader in online payment solutions with more than 164 million accounts worldwide. Available in 190 markets and 17 currencies around the world, PayPal enables global ecommerce by making payments possible across different locations, currencies, and languages. Word Count: 631BibliographyAlibaba Group.

(2007, July 17). Taobao - Key Metrics. Retrieved June 11, 2008, from Alibaba Group: http://www.alibaba.com/aboutalibaba/aligroup/press_releases070718.htmlAndroutsellis, S. (2004). Performing peer-to-peer e-business transactions. Athens, Greece: Athens University of Economics and Business.chen, J. (2007). The Nature of the emerging C2C electronic market in China. 9th International Conference on Social Implications of Computers in Developing Countries (pp. 3-9). Sao Paulo, Brazil: Fudan University.

Crunch Base. (2008, February 25). Taobao. Retrieved june 11, 2008, from Crunch Base: http://www.crunchbase.com/company/taobaoeBusiness Connections. (2006, March 14). e-business terms explained. Retrieved June 11, 2008, from eBusiness Connections: http://www.e-bc.ca/pages/resources/glossary.phpPayPal. (1999, March 22). About. Retrieved June 11, 2008, from PayPal: https://www.paypal.com/cgi-bin/webscrcmd=xpt/popup/OLCWhatIsPayPal-outsideTata Steel. (2004, June 21). Tata Steel's B2B Procurement Platform.

Retrieved June 11, 2008, from TATA STEEL: http://www.tatasteel.co.in/eproc_http/

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Introduction To E-Business Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Introduction To E-Business Essay Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/miscellaneous/1515226-introduction-to-e-business
(Introduction To E-Business Essay Example | Topics and Well Written Essays - 500 Words)
Introduction To E-Business Essay Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/miscellaneous/1515226-introduction-to-e-business.
“Introduction To E-Business Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/miscellaneous/1515226-introduction-to-e-business.
  • Cited: 0 times

CHECK THESE SAMPLES OF Introduction To E-Business

Entrepreneurs Who Wish to Expand Their Business Should First Expand Their Networks

In the traditional business environment, business operating is a manual, time-consuming and labor-intensive process involving requests for quotation, purchase order submissions, order approval and confirmation, shipping, invoicing and payment.... But with the help f information systems, business can gather information more quickly at a relatively low cost....
9 Pages (2250 words) Essay

Federal Express Performance and Strategy

The writer of the study "Federal Express Performance and Strategy" attempts to conduct an analysis of the business strategy adopted by the FedEx Corporation.... Specifically, the author intends to identify the success factors of the company's performance and provide recommendations on marketing.... ...
7 Pages (1750 words) Case Study

Overview of Information Systems and Their Use in E-business

e-business and e-commerce is used as synonym of each other, their distinction can be seen through the detailed study.... E-commerce is considered a sub set of e-business.... e-business is the usage of technologies in order to improve different business processes (Combe, 2012).... e-business includes the management of internal and external processes for instance internal processes include administration, financial and human resource systems; and external processes include customer relationship, supply of services and goods, and marketing and sale activities....
8 Pages (2000 words) Essay

Role of E-business Adoption Models to SMEs

This essay "Role of e-business Adoption Models to SMEs" study made on the e-business model and the best among them can be adopted for the enhancement of SMEs.... e-business helps in marketing by reducing the advertisement cost by reaching out to the people “globally” through the internet by search engines such as Yahoo, Google, etc.... And e-business or E-Commerce is the buying and selling of goods and services through the internet....
8 Pages (2000 words) Essay

Social Business Networks Within e-Business Marketing

This paper first tries to understand the impact of social networking in e-business platforms.... A number of social media applications in e-business and e-commerce emerge every day.... This report analyzes the nature of business networking, the potential, various business models, and it finally discusses the aspects of a successful business networking model....
9 Pages (2250 words) Essay

IT Systems for E-Enterprise

ormally, e-business may be defined as the use of information and communication technologies in all business activities.... lthough e-business is very often confused with commerce, e-business is far more powerful than e-commerce.... In fact, e-commerce can be a subset of e-business.... Through e-business, a company focuses on using electronic communication and data storage means for all business activities, whereas, e-commerce seeks to develop a company's relationships with its customers and partners through World Wide Web and Internet....
10 Pages (2500 words) Assignment

E-Business of Qatar Airways

The late seventies saw the introduction to online shopping, which later evolved into a wider and more complex network of Business to Business and Business to Consumer online interactions in the eighties and nineties.... The paper "e-business of Qatar Airways " discusses that Qatar Airways has acquired one of the top positions in the airline industry.... With an extensive budget allocated solely for internet advertising, Qatar Airways has truly used the e-business format to its advantage....
9 Pages (2250 words) Case Study

Emerging Opportunities and Challenges for Cisco

As the paper "Emerging Opportunities and Challenges for Cisco" outlines, whilst also is known as e-commerce, e-business represents the designation provided for companies that interface with each other in terms of supply chain utilisations, parts, services, and other areas using the Internet as the conduit… This paper delves into an examination of the main contemporary issues in e-business and where it is headed.... By closely monitoring and being mindful of trends, the company has noted the increased reliance on e-business applications and consulting as the growing segment of its business....
9 Pages (2250 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us