Presentation of ICT

Presentation of ICT
“Doing Business in online world”
Presented By Group 6
Roll Numbers
Saad Saleem
Mazher Qayyum
Rehan Ali
Amina Akbar
What is Business?
• Business:
The activity of making one’s living or making money by producing or buying
and selling products (such as goods and services.)
A business is an organization or enterprising entity engaged in commercial,
industrial or professional activities.
Business can be for profit entities or non profit organisations.
What is Online Business or e-Business?
• e-Business/e-Commerce:
 It is any kind of business or commercial transaction that includes sharing information across
the internet.
 Commerce constitutes the exchange of products and services between businesses, groups
and individuals and can be seen as one of the essential activities of any business.
 Electronic Commerce focuses on the use of ICT to enable the external activities and
relationships of the business with individuals, groups.
 While e-business refers to the business with the help of internet
 The term e-business was coined by IBM’s marketing and internet team in 1996.
Early History of e-Business:
In 1994 IBM began to use its foundation in IT solutions and expertise to
market itself as a leader of conducting business on the internet through the
term “e-business”.
CEO Louis V. invest $1billion to market this new brand.
In 1997 IBM give commercials of e-Business on different newspapers and
In 2000 the terms e-Business and and e-Commerce become popular and to
do so IBM invests more $300 millions.
Business Model of Online Business:
Organisations have to decide which e-business models best suit their goals.
A business model is defined as the organization of product, service and
information flows and benefits for suppliers and customers.
The basic concept of e-business model is same but used in the online
What is e-Commerce:
Short for electronic Commerce.
Trading in products or services using computer networks such as internet.
E-Commerce draws on technologies such as mobile commerce, electronic
funds transfer, supply chain management etc.
Modern e-Commerce uses World Wide Web and also other technologies
such as e-mail.
Factors that Impact e-Commerce Sales:
 Competitive Pricing.
 Product Quality.
 Shipping Time & Cost.
 Online Reviews.
 Easy Return Policy.
 Loyalty Rewards.
 Easy Navigation.
 Word od Mouth recommendations.
 Ease of Checkout
Some Famous e-Commerce Websites:
Famous e-Commerce websites of Pakisan:
 million/month)
 Shophive(4.8lac/month)
Advantages of Online Business:
 Low Financial Cost.
 Potential Income.
 Sell Internationally.
 Easy to Showcase Bestsellers.
 Personalized Online Experience.
 Affordable Employees.
 Easier to Encourage Impulse Buy.Easy to Retarget.
 Customers get a less invasive Experience.
 Gain Access To Customer Data easily.
 High Number of Orders.
Disadvantages of Online Business:
No One can Buy During a site Crash.
Customer’s cant try before they buy.
Ecommerce is highly competitive.
Customers can be impatient.
You need to ship your products.
Physical Retail is still more popular despite decline.