E-commerce market Essay Example | Topics and Well Written Essays - 1000 words

E-commerce market - Essay ExampleIn the past, critical success factors were typically related to business infra-structure. One significant issue was that of internet speed-with the mass of Internet customrs connecting to the Internet via dial-up modem, file transfer speeds were extremely low. This presented a problem when attempting to transmit large files much(prenominal) as multi-media files. With steady financial investment from both the government and private business enterprises, the rapid approaching of technology in this atomic number 18a has led to the increasingly-widespread use of high-speed Internet connections such as blood line modems, ISDN and XDSL, which incr eternal rest file transfer speeds substantially. With communication speed being a limiting factor for the maturation of electronic commerce, these developments in information and communication technology have initiated a marked reduction in infra-structural problems for electronic commerce. More recently, h owever, new success factors such as security and copyrights have increased in importance.Another significant issue for many Internet businesses is related to expenses. Traditional corporations are able to fortify business strategies, enhance their image, offer efficient customer service, and create new Internet sales methods. However, fashionable Web sites have proven to require more resources than was once thought. According to recent look into, Web sites which trade products collectively pass along approximately 240 Won per year, while sites which sell content spend approximately 1 billion Won per year. Internet sites such as shopping malls, where actual transactions take place, spend around 3.35 billion Won every year.Companies which contrive to move into electronic commerce must plan and invest efficiently in the initial stages of development in order to create profit in spite of appearance a reasonable period of time. There are several success factors which should be co nsidered. E-businesses must provide good shelter for their customers, not only in terms of the products they sell, but also through ease of Web site navigation. They must differentiate themselves from other electronic commerce corporations to create a singular identity, and at the same time take care that they maintain the distinguished characteristics of e-business. It is also particularly important to manage resources carefully and control initial expenses through the gradual introduction of new technologies, while allocating adequacy resources to brand management to win and maintain the trust of their customers. Research on business models has shown that these success factors are critical.Companies that survive the rapidly-changing electronic commerce environment have unique business fields and business models. The results of explore on approximately 30 business corporations are presented here. Above all, successful electronic commerce corporations value for their customers. Through fluctuating markets, these companies continue to be warring and profit from e-commerce. Many of these companies also successfully contend in off-line markets as well as on-line markets. They manage their brands effectively to maintain consumer trust, and use differentiated services and unique profit models to succeed in what is become a very competitive market-place. Finally, they have organized themselves in such a way that with flexible attitudes and infra-structure they can cope with a changing business environment and introduce new technologies at the most appropriate times. The results of this exploratory research indicate