Strategic Management (MGT-603) Announcement of Graded discussion
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Electronic Commerce (e-commerce) refers to using the Internet to market and sell goods and services. It involves the buying and selling of products and services by the businesses to customers through an electronic medium. Electric commerce has become a vital strategic-management tool, as a successful ecommerce business strategy can make online purchasing an enjoyable and profitable. The Internet has changed the very nature and core of buying and selling in nearly all industries. It has fundamentally changed the economics of business in every single industry worldwide.
In strategic management point of view, how e-commerce acts as an instrument for Pakistani organizations to become successful in competitive world? Discuss with logical points.
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As e-commerce is a new way of doing business, many
countries have yet to draw up a proper set of operating principles to govern legal, regulatory, and enforcement
issues. There is a gradual evolution of commercial international practices.
E-commerce is a new world for the Pakistani business and financial sector entities
. In Pakistan, mostly all
governmental organizations do not have a computerized system. Furthermore, these organizations are lacking
of skills/qualified staff to manipulate such a computerized system. Both reasons are a mayor obstacle for a
paperless environment and subsequently for the recognition, validation and common use of electronic
transactions, messages, documents, etc.
There is a current lack of domestic laws dealing with e-commerce.
E-commerce stands for Electronic Commerce. With the revolution of internet, the usage of internet has increased a lot. It has changed the overall working and living style of the people. It has a great impact in many fields of life. It has converted the world into a global village.
E-commerce is basically means doing the business online. It includes selling, buying, advertising and contacting buyers and users through internet. In the more detail we can describe E-commerce is using the techniques and tools of internet in ones business for several purposes like offering a retail shop online, like choosing a product from visiting the online store and then making payments online. Order can be placed for some products and they are delivered to the door steps of the user and payment can be done by cash.
1) Do you use internet: 65 % people use internet: at least once a week
2) Are you satisfied with downloading speed of internet: 98% were not satisfied?
3) Have you bought Online (if yes then what is frequency): 2% people have bought online out of which 99% people bought only once.
4) Do you feel Secure Doing Online Transaction: 99% people feel insecure doing Transaction Online?
5) Are you satisfied with shipment: 100% were satisfied with shipment?
6) Is it convenient to buy Online: 100 % were saying that purchasing online buying is convenient?
It can be resulted that there is a lot of scope of e-commerce in Pakistan, and most companies are willing to enter into digital world, but at present E-commerce is not expected to increase in near future due to low PC literacy and internet penetration in Pakistani Culture.
It can be concluded that there is a lot of scope of e-commerce in Pakistan, and most companies are eager to going to the digital world, but at present E-commerce is not expected to increase in near future due to low PC and internet penetration. Industry, businesses and trade people prefer to use traditional ways of business enjoying personal contacts and mode of payments. We think that companies have started realizing the potential of ecommerce and electronic data interchange In Pakistan, especially in the Banking sector. So the future of Ecommerce in Pakistan is bright. We will embrace ecommerce by desire or by force as more and more international transactions are undertaken electronically.
just idea use it in your own word n precise it
idea Solution 1 :
The benefits of Ecommerce in Pakistan:
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proper idea solution please