EBusiness: Cyber Mondays Take Over Black Fridays
This change, vertically saved the corporation for a while but bad business decisions can be made so many times before the giant collapsed. Advantages associated with an E-Business One specific advantage of electing to enter the E-Business is that an organization such as Blockbuster, Incorporated can broaden their clientele. Typically, consumers who have access to the Internet Instantly can become a prospective client. Customers no longer have to evils a store location to view movies and make selections.
The customer can simply access the Internet site from the comfort of his r her homes, which not only increases sales but also enables the organization to compete on an equal playing field with competitors. “Computerized, E-Business processes have made many businesses turn to the Internet for increased productivity, greater profitability, and global clientele. It is mainly due to the IT industry that business have been able to make their processes more streamlined, thereby becoming more cost-effective and consequently more profitable (Advantages of Information Technology, 2012). Disadvantages and Risks associated with an E- Business When Blockbuster, Incorporated elected to open an E-Business, the organization faced many advantages and disadvantages. The disadvantage associated with E- Business Included startup costs, computer hardware investments, data protection,
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Data Protection Issues and Solutions with an E-Business Organizations conducting business on the Internet face many challenges that are associated with protecting data and information from external or internal threats. This type of challenge can be costly to an organization because the organization must hire specialists with a strong Information technology (IT) background to Implement the technology required to dollish the risks associated with hackers.
If the organization fails at protecting the business it can result in the theft of the organizations secrets, clientele personal identifiable information (PI), or current employee information. This can result in legal suites against the organization and loss of consumer confidence within the organization. Therefore, investing in additional employee training, encryptions of data that pertains to the corporation’s website and network security Is Imperative. Technology continues to change rapidly, diligent in the fight to protect its financial resources.
Legal Issues Foreign and Domestic The organization must consider legal issues not only within the United States but also internationally because the Internet has created a global market. Selling products or services internationally often produces risks associated with the sell. Regulations may differ from country to country so an organization may have to deal tit different regulations depending on a specific region. If the organization fails to adhere to the regulations of each specific country it could cost the organization in fines and penalties.
To overcome these challenges and remain competitive the organization must continuously research any changes in the regulations in each of the countries that they conduct business. Conclusion In conclusion, E-Business provides an advantage and levels the playing field for many organizations. The advantages associated with E-Business far outweigh the disadvantages that the organization may face. The organization must develop a strategic business plan to be the foundation for future growth.
Incorporating technology development is a critical component in becoming successful and prosperous. In today’s competitive market E-Business has changed the way an organization conducts business and increases its clientele. The Internet has made it possible for an organization to service clientele 24 hours a day, seven days a week. The bottom line is that E-Business has changed the lives of the individuals that can access the Internet. Black Friday is quickly becoming obsolete and Cyber Monday is quickly becoming more convenient.