ICTICT803: Electronic Commerce Commonly Known As E-Commerce Or ECommerce Or E-Business Consists: Endorse Business Plan Components Assignment, VU, Australia

Scenario

Electronic commerce, commonly known as e-commerce or eCommerce, or e-business consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks. The amount of trade conducted electronically has grown extraordinarily with widespread Internet usage. The use of commerce is conducted in this way, spurring and drawing on innovations in electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems.

 Business Today

The explosion of the Internet allows people to use their computers for things that previously needed to be done in person. Now, communicating with friends and family, networking with business contacts, shopping, banking, and a host of other activities, can be done from almost anywhere in the world.

 Opportunity

1. Growing population of daily Internet users. The importance of the Internet almost equals that of the telephone. As the population of daily Internet users increases, so will the need for the services the Value Suisse three divisions offers.

2. Social bonds fostered by the new Internet communities. The Internet is bringing people from across the world together unlike any other communication medium. The Company will capitalize on this social trend by providing a place for smaller and local Internet communities to meet in real-time. The Company will grow some of these communities on its own by establishing chat areas and community programs. These programs will be designed to build customer loyalty.

Harborside Pty Ltd is seeking $500,000 in funding in order to purchase needed computer and data storage equipment, design and implement fully operational e-commerce websites, and to create awareness of the services offered by launching a marketing and Search Engine Optimisation (SEO) campaign.