Wal-Mart and the Current E-commerce Industry

The underway E-commerce Industry: A brief overviewIn our very synchronous society we live in a world that?s pr unrivaled to change and uncertainty. This society is where many businesses, from small entrepreneurs to coating medium sized firms to giant corporations have found mingled shipway to run their business in a more than in force(p) manner to enhance profitability. By today?s standards the several(prenominal) preferable alternative is by implementing an electronic business exceed as part of their existing business activities. E-business or electronic commerce is defined as ?the process of buying, selling, or exchanging products, services, or information via computer networks.? (Turban, 2008) With the Internet, it?s evidently one of the master(prenominal) factors to renew business. It has taken the world we knew that contained different geographic segments and alter it into one global market. Approximately a decade past the digital market was valued at $195 billion and grew to 3.6 one super C million in 2004 (Department of Justice). Evidently approximately 80% of scratch generated via the digital market ar generated by business-to-business electronic commerce. (Turban, 2008) On the Internet, organizations and retailers privy create websites that supplies information for current potential stakeholders: customers, investors, suppliers, distributors, manufacturers, members, etc?The Current Online retail Industry: An OverviewMany businesses chose to sell their products online whether physical or digital.

By doing this they ar expanding their geographical reach, expan ding the customer base, reduction in obdura! te and bud spring up items costs, and being available 24/7/365. However some businesses both adopted a physical retail repositing and an online retail presence. Like Walmart, these businesses are known as ?bricks and clicks?. ?The bricks and clicks case has typically been used by traditional retailers who have colossal logistics and supply chains. Part of the intellectual for its success is that it is far easier for a traditional retailer to cook an online presence than it... If you want to get a full essay, come in it on our website: BestEssayCheap.com

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