Key Factors When Applying E-Commerce To The Travel Industry 81 7.4 Traveler‟s Trip Planning Behaviour 82 7.5 The Future Of E-Commerce In Travel 90 7.6 The Effect Of E-Commerce In Travel 91 7.7 E-Commerce In Airline Business 92 7.8 E-Commerce Impact On The Travel Agency Industry 97 7.9 Information Technology In The Tourism And Travel Industry 98 138 on Minimum Age and ILO Convention No. In essence, retail companies will want to rationalize and reduce costs of supply and management of the supply chain, starting with purchasing cost. In Many companies claim that putting their supply chains online has led, or will lead, to major cost savings. No single country produce all the goods we use today. Benefits Of E-Business. But an e-business requires limited man force to complete an online transaction. It can provide a direct connection between airlines and customers without the need to use travel agents or Computer Reservation Systems (CRS), thereby leading to cost savings in the distribution of air tickets (Law and Leug, 2000) the internet has become very extensive in the travel industries and its impact has been particularly significant on the distribution channel for air travels and the use of the Internet for searching and purchasing airline tickets has become common in travel markets. E-business may take place between firms (B2B), between firms and their customers (B2C), or between firms and the government (B2G). Every country in this world produces different raw materials as per their abilities and capacities of their land surface. The companies across the globe face numerous challenges which include technology unavailability, expertise dearth, and shipping of grand products. E-commerce is a revolution in business practices (Ohidujjaman, et al 2013). A physical touch and smell of a product influence a person’s decision to buy it. 1.Provides Flexibility: E-business interacts with more customers, can entail more,and can offer an innovative experience through website. 11th Dec 2017 Looking for a flexible role? Coronavirus-driven event cancellations will spur marketers to explore digital alternatives and more event-like content promotion. Our academic experts are ready and waiting to assist with any writing project you may have. They utilize them in … The availability and continued growth of Internet technologies (IT) have created great opportunities for users all over the globe to benefit from IT services and use them in a variety of different ways. Copyright © 2003 - 2020 - UKEssays is a trading name of All Answers Ltd, a company registered in England and Wales. On the one side, ecommerce makes it easier for businesses to reach a much wider audience at less expense than would be required if the traditional retail method was to be applied. Due to technological advanc… Required fields are marked *. Search across a wide variety of disciplines and sources: articles, theses, books, abstracts and court opinions. However, a key insight from our results is that the effect of e-business technology on operational development decreases over time at least in the subsequent periods. E-business supplies numerous e-services and is a superior platform for services such as teaching. on Positive and negative effects of e-business, Positive and negative effects of E-Cigarette. It also highlighted the relevance of inter-business exchanges. Figures say that the climbing internet usage rate assures e-business growth. Develops global economy. For an online shopping, the customers need to provide a shipping address, credit card details, and contact details. Retailing is one of the most important industry sector in the world, with no exception of the EU. Another negative effect of e-commerce is its potential threat to the security of consumers' personal information. 182 on Worst Forms of Child Labour. Electronic Commerce provides the capability of buying and selling products and information on the internet and other on-line service. Electronic business (e-business) is a general concept covering any form of business transaction or information exchange executed using information and communication technologies (Whiteley, 2000). One prime necessity of an e-business is an internet. Like everything there are positive and negative economic factors in relation to E-business, I will start off by discussing the positive effects, efficiency can be largely increased and while costs of a business can be largely decreased if the right automation is used. If you need assistance with writing your essay, our professional essay writing service is here to help! An individual with excellent knowledge in a specific field, say physics, can start online classes and educate children regardless of their location. The term commerce is viewed as transactions conducted between business partners. The results suggested that e-business technology has a positive effect on the development of operational capabilities, which is consistent those of past studies (e.g., , . In general it is suggested that the development of e-business results in higher firm productivity and efficiency as a result of lower search and transaction costs. This write-up weighs the pros and cons of e-business for you. Your email address will not be published. To share the fruits of all the manufactured goods produced across the world, international community stresses upon globalization. The main benefit of e-commerce stems from being able to integrate business operational processes across organizational boundaries and time zones. At the same time, every business kind has pros and cons which we will discuss here. At the aggregate level, productivity and economic growth could rise, at least for some time, as a result of more efficient management of supply and distribution, lower transaction costs, low barriers to entry and improved access to information. Disclaimer: This work has been submitted by a university student. Sharing of private information can put them in danger if hacked. (Journal of Air Transport Management, Volume 12, Issue 5, September 2006, Pages 253-260). The use of IT to conduct business online is known as Electronic Commerce (E-Commerce). Benefits Of E-Business. E-business has enabled banks to redefine their boundaries and also gained competitive advantage through it. The results shed light on both the financial fragility of many small businesses, and the significant impact COVID-19 had on these businesses in the weeks after the COVID-19–related disruptions began. In the retail sector, e-business has had great impact on the value chain. And using web technology to In this special issue, we have invited scholars from different areas of business and management to write brief papers on various aspects of the effects of the COVID-19 pandemic. Such business transactions take place among businesses or individuals. In the last few years travel pattern has changed in the EU. Operational benefits of Web use for industrial sellers are reduced errors, time, and overhead costs in information processing; reduced costs to suppliers by online bidding, submitting of bids, and awarding of bids electronically. Also, the online payment processing software eliminates the need for a store clerk. We're here to answer any questions you have about our services. E-commerce has had a considerable impact on how business is conducted. E-business stands for electronic business. The introduction of e-business to the airline industry has enabled most travellers to bypass travel agents alltogether, with most agreeingthat the most current air market will shift form traditional travel agents to internet based agents like www.opodo.com. Internet banking is nowadays supported by advanced ICT solutions which enable most everyday banking services to be conducted online (www.ebusiness-watch.org). Any opinions, findings, conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect the views of UKEssays.com. It is often used to describe the use of technology to improve your business processes. The internet has contributed strongly to the growth of most budget airlines taking easy jet as an example. To assess the economic impact of e-business in an organisation, I will concentrate on the important sectors in the European union which are the Retail industry, Banking industry and the Travel and tourism industry. All work is written to order. Electronic business also known as E-business is the conduct of business on the internet and other computer networks, not only does it involve buying and selling of products but also customer servicing and collaboration with business partners. E-business has been recognized as an important contributor in the economy of many countries. Thus, a few companies can participate in an e-business. Registered Data Controller No: Z1821391. Positive and negative effects of e-business. Here, the buyer and the seller don’t meet personally. Interestingly, one can run a business from home by transacting through a website. The travel sector in the EU is so large that even a small share of it produces a major online market. The continued development of e-business models has triggered a dramatic transition of customer's role in a variety of service production and delivery process. Introduction to E-business. Due to this reason, an e-business finds it difficult to attract customers. This special issue is a global effort to address some of the pandemic-related issues affecting society. The purpose of this paper is to show the effect of e business as a trend in affecting the activities of large companies and their way of doing business. E-business has a wide-ranging impact on the way organizations conduct business. Thus, it delivers win-win results for both business owner and consumer. Positive effects of e-business: Here are few reasons why businessmen prefer e-business over conventional one. Google Scholar provides a simple way to broadly search for scholarly literature. Security and credit card fraud are also huge risks when dealing with online shoppingconsumers run the risk of identity fraud and other hazards as their personal details are captured by e-commerce businesses while businesses run the risk of phishing attacks and other forms of security fraud; both can suffer from credi… In this way, e-business breaks down the time barrier that a typical business encounter and increases flexibility. From simple essay plans, through to full dissertations, you can guarantee we have a service perfectly matched to your needs. Koellinger, P. (2008). Due to the increased internet benefits in the commercial sector, e-business is expanding at a rapid pace. Companies implement technology to create a competitive advantage in the business … When consumers buy online, they typically input a credit card number and other personal information. They will also want to differentiate their own offers from the competitors, exploiting customer relation management techniques as to communication, sales and customers’ loyalty (e-business Watch 2000). E-business, sure, is beneficial; however, its limitations need acknowledgement, as well. The term “e-business” was coined by IBM’s marketing and Internet team in 1996. Over the past decades e-business has helped and provided various methods in which buyers and sellers can transact In the decades to come, exploiting the full potential of developments could have profound impacts in individual sectors of the economy as well as for macroeconomic performance and economic policies. An e-business offers no such opportunity to its customers. Customers frequently consult the Internet to … E-business changes the macroeconomy in several beneficial ways. According to Whiteley (2000), e-business operations can be grouped into three categories; Electronic categories, Electronic Data Interchange (EDI) and Internet business. applicable as an ideal business purpose. Reference this. The relationship between technology, innovation, and firm performance—Empirical evidence from e-business in Europe. Governments across the world are making productive policies in this specific field. In total, there are 13 papers that cover different industry sectors (e.g., tourism, retail, higher education), changes in consumer behavior and businesses, ethical issues, and … Economic factors that influence the business are the collective of the nature of the country’s economic system, its structures, and economic policies, how the capital market is organized, and nature of factors of production, business cycles, and socio-economic infrastructure. However, there are a number of recent studies, which demonstrate that firms engaging in e-commerce need not perform better compared to more traditional enterprises. In fact, retailers, beside their relationship with suppliers and consumers, have significant impact on intercompany exchanges through CEDI (centre of distribution). With ecommerce, there is no requirement to acquire expensive shops in high streets. This article will look at some of the impacts that have resulted from the advent and development of e-commerce. Here, the internet is an alternative to a salesperson.