Wang 2002 has provided a broad definition of etailing by defining it as the selling of goods and services to the consumer market via the internet. Different types of ecommerce business models explained. In e commerce, information and communications technology ict is used in. This global e tailing market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Zeithaml 2002 has defined that the success of e tailing depends on the efficient web. The differences between traditional retail operations and etailing are also explored. B2b describes commerce transactions between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer.
Etailing business models discuss the advantages of established clickandmortar companies such as walmart over pureplay etailers such as. Dec 15, 2017 this revenue model is widespread in the mainland europe but has recently found its way to the other parts of the world. It is not just the metros that are fueling the online scene. Define and describe the primary e tailing business models. Jan 07, 20 definition etailing or electronic retailing may be defined as use of internet to sell goods and services online. The current webbased models for e tailing are part of an embryonic phase preceding an era of rapid transformation, challenge, and opportunity in indian retail market. The indian retail market is witnessing a revolution. Strategies and business models in electronic retailing.
Direct marketing, pureplay etailers and clickandmortar retailers. Innovative business models, for example fastfashion e. Etailing business models archives superb essay writers. Dec 15, 2000 the retail business model that is practiced in thousands of shops and strip malls in cities all over the world is widely understood. E tailing will emerge as a viable third alternative by which corporatized retail can expand its share of the total retail pie.
Electronic retailing is the sale of goods and services through the internet. Investopedia explains electronic retailing e tailing etailing requires businesses to tailor traditional business models to the rapidly changing face of the internet and its users. The clickonly and clickandmortar business models are described as types of e tailing. In this both the buyers and sellers are business entities. Sun made the strategic choice to offer more powerful and more expensive computer solutions based on proprietary hardware and software, which worked well as long as sun was able to maintain a performance advantage. Online models not only sell goods or services but also contacts e. Describe how online travel and tourism services operate and their impact on the industry. Knowing what bucket your big idea fits in will help you think.
It has four traditional components as shown in the figure, the e business model. Etailers are not restricted solely to the internet, and some brickandmortar businesses also operate websites to reach consumers. It follows the b2c business model wherein the business interacts directly with. Conversely, what are the disadvantages of clickandbrick retailers as read more. While some use ecommerce and ebusiness interchangeably, they are distinct concepts. B2a or business to administration also referred as the business to government b2g commerce, it is a derivative of b2b ecommerce model. In section 3, we offer an evaluation of the broader strategies pursued by e tailers, including the various business models that are being utilized. Short for electronic retailing, and used in internet discussions as early as 1995, the term seems an almost inevitable addition to email, ebusiness, and ecommerce.
Additionally, etailing offers an experience that is totally different from brickandmortar stores elms et al. Ebusiness is etailing or virtual storefronts on web sites, online businesstobusiness, transactions and electronic data interchange edi, the businesstobusiness exchange of data using compatible software ebusiness seminar ppt with pdf report. Describe electronic retailing etailing and its characteristics. Bureau imrb, the ecommerce market in india has garnered rs. As more of companies sales, marketing and other internal business processes are conducted digitally, electronic business processes such as customer relationship management crm, enterprise resource planning erp, and content management are becoming increasingly important. Wang 2002 has provided a broad definition of e tailing by defining it as the selling of goods and services to the consumer market via the internet. Thecrec centerfor researchin electronic commerce at the universityof texashas developed a conceptual framework for. While other authors have recently offered definitions of bbusiness model,q none appear to be generally accepted.
Electronic retailing, or etailing, can include business to business b2b and. It is mainly operating into gemstonestudded jewellery of gold, silver or brass with gold. The decisionmaking process for a b2c purchase is a much shorter than a businesstobusiness b2b purchase, especially for items that have a lower value. Classifying etailing business models by distribution channel. Each has its benefits and challenges, and many companies operate in several of these categories simultaneously. Etailing is synonymous with businesstoconsumer b2c transactions in online stores, where a customer can shop for apparel, cell phones, cameras, computers, books, magazines, music cds and dvds, shoes, furniture, health equipment, flowers, etcthe list being pretty long and exhaustive. The following e commerce business model shows the step by step process and activities followed and used by business firms, seeking to expand their business through help of electronic and telecommunications networks. Analytics of industryrelated sensor data and social. For future research in this field we propose the following topics. Ecommerce business models can generally be categorized into the following categories. Bricks and clicks have existed for some time now, with major retailers continuing to sell stock online as well as in their store fronts. Apr 05, 2017 investopedia explains electronic retailing e tailing etailing requires businesses to tailor traditional business models to the rapidly changing face of the internet and its users. Types of financial models the most common types of financial models include. Along with an indepth commentary on the key influencing factors, market statistics in terms of revenues, segmentwise data, regionwise data, and.
Mar 15, 2018 b2a or business to administration also referred as the business to government b2g commerce, it is a derivative of b2b e commerce model. E commerce business models can generally be categorized into the following categories. Changing paradigm of retail sector in india pooja yadav, neha singh introduction even after passing of some considerable time the so called internet revolution and electronic commerce ecommerce continues to be a relatively novel, emerging and all the time changing area in the field of business management and information technology. As more of companies sales, marketing and other internal business processes are conducted digitally, electronic business processes such as customer relationship management crm, enterprise resource planning erp, and content management are. Etailing market industry analysis, share, size, trends. Conversely, what are the disadvantages of clickandbrick retailers as compared with pureplay etailers. Abstractinternet is a potent medium that can serve as a unique platform for the growth of retail brands in india. In order to gain an understanding of this complex trade i had the good fortune to interview 15 manufacturers and retailers who shared their time and wisdom in support of this white paper, graciously sponsored by bravo business media, llc. Iot business model e tailing market e tailing business. Discuss the online employment market, including its participants, benefits, and limitations. Some of these differences are obvious, while others only become clear later sometimes when it is difficult to respond to them. Etailing will emerge as a viable third alternative by which corporatized retail can expand its share of the total retail pie. Technopak estimates that e tailing in india will grow from the current usd 0.
The automotive e tailing market caters to the requirement of passenger cars, commercial vehicles and twowheeler. Etailing market is primarily driven by increasing consumer spending over internet to purchase the products or services. This revenue model is widespread in the mainland europe but has recently found its way to the other parts of the world. Bus 352 week 2 dq 1 etailing business models etailing business models etailing business models. Discuss the advantages of established clickandmortar companies such as walmart over pureplay etailers such as.
The automotive etailing includes both businesstobusiness and businesstoconsumer sales. Crucial differences between retailing and etailing. A website following the b2b business model sells its products to an intermediate buyer who then sells the product to the final customer. Definition etailing or electronic retailing may be defined as use of internet to sell goods and services online. In this study, researchers examine the effects of two types of ict usage internet and wireless on two types of e commerce, namely, business to business b2b and business toconsumer b2c. Changing paradigm of retail sector in india pooja yadav, neha singh introduction even after passing of some considerable time the so called internet revolution and electronic commerce e commerce continues to be a relatively novel, emerging and all the time changing area in the field of business management and information technology. In this study, researchers examine the effects of two types of ict usage internet and wireless on two types of ecommerce, namely, businesstobusiness b2b and businesstoconsumer b2c.
Retailspecific topics in the areas of business operations, merchandising, customer service, and selling are presented. According to turban 2006, etailing is defined as retailing conducted online, over the internet. Retailers are not cannibalizing their own custom, virtual merchants do not dominate the market place, and the high street has not been put out of business. Oct 10, 2018 innovative business models, for example fastfashion e. Etailing is the practice of selling retail goods on the internet. The automotive e tailing includes both business to business and business toconsumer sales. In ecommerce, information and communications technology ict is used in. Electronic retailing, or etailing, can include businesstobusiness b2b and.
The electronic retailing also called as etailing or internet retailing, is the process of selling the goods and services through an electronic media, particularly the internet. These are the e business concept, value proposition. Electronic business is a broader term that encompasses other common terms such as ecommerce and etailing. We then comment on the impacts of the internet environment and strategies on e tailing performance and identify the various longterm impacts of e tailing on the retail environment. Thefutureofselling online,globaldigitalcommunity sandbox,newyorkinformation technologycenter,55broadst,10 july. Electronic retailing e tailing is a buzzword for any businesstoconsumer b2c transactions that take place over the internet. E commerce models b2b, b2c, c2c and its types bbamantra. If youre starting an ecommerce business, odds are youll fall into at least one of these four general categories. The models can be classified into three categories. A b2b model involves trading of goods and services between two corporate entities. Afterward, the paradigm shift from traditional e commerce to e service is investigated. The converging business models of internet and bricksandmortar retailers, european management journal, 18, 5 2002, 542550. Retailing and etailing integrates the four ps of marketing into the operations of retail and etail businesses. Etailing business systems can be classified according to the distribution channel used to sell products to various stakeholders.
Chapter 3 ebusiness markets and models 53 key issues 53 introduction 53 ebusinesses 54 ebusiness environment 55 emarketplaces 59 ebusiness markets 61 ebusiness models 66 types of ebusiness models 67 a framework for analysing ebusiness models 78 summary 84 questions and tasks 85 references 85 further reading 86 chapter 4 ebusiness. Etailing is synonymous with businesstoconsumer b2c transactions in online stores, where a customer can shop for apparel, cell phones, cameras, computers, books, magazines, music cds and dvds, shoes, furniture, health equipment, flowers, etcthe list. Companies like amazon and dell created the online retail industry by putting the entire customer experience from browsing products to placing orders to paying for. While some use e commerce and e business interchangeably, they are distinct concepts. As an example, a wholesaler places an order from a companys website and after receiving the consignment, sells the. E tailing market requires strong promotion and branding. Business to business, known as b2b model, is the largest ecommerce model that is based on revenue which involves trillions of dollars. But most known approaches are focused on e commerce in general and do not reflect characteristics of e tailing. Box 7659, winston salem, nc 271097659, usa baccenture institute for strategic change, one canal park, cambridge, ma 02141, usa abstract over the past few years, bbusiness modelsq have surged.
Automotive etailing market size, share and forecast to 2023. This is a buy now, pay later model which allows the customers to purchase the goods and services on credit and pay for it at a later date. In fact, business models can serve a positive and powerful role in corporate management. Additionally, e tailing offers an experience that is totally different from brickandmortar stores elms et al. Financial modeling is performed for many reasons including to value a business, raise money. Chapter 3 e business markets and models 53 key issues 53 introduction 53 e businesses 54 e business environment 55 e marketplaces 59 e business markets 61 e business models 66 types of e business models 67 a framework for analysing e business models 78 summary 84 questions and tasks 85 references 85 further reading 86 chapter 4 e business. Respond to at least two of your fellow students postings. Etailing market requires strong promotion and branding. Technopak estimates that etailing in india will grow from the current usd 0.
The e business model, like any business model, describes how a company functions. It is the abbreviated version of electronic retailing which essentially constitutes business to consumer transaction. Discover the top 10 types of excel models in this detailed guide, including images and examples of each. Hence, gupta and hooda 2011 suggest that e retailing is also known as internet retailing, retail ecommerce, online retailing, eretailing, etail, etailing and is not a standalone word but it. Developinganeffectiveetailing strategy bharatrao l i a t e r, g n i l i a t e r c i n o r t c e l e, g n i l i a t e. Linderb awake forest university, babcock graduate school of management, worrell professional center, p. The internet economy is a broader concept than ecommerce and ebusiness. Essentials of etailing to be successful, an etailing business must have a few ingredients. The number of websites also is growing, jumping from 255 million in december 2010 to 582 million a year later. Hence, gupta and hooda 2011 suggest that e retailing is also known as internet retailing, retail e commerce, online retailing, e retailing, e tail, e tailing and is not a standalone word but it. A b s t r a c t developinganeffectiveetailing strategy. E business is e tailing or virtual storefronts on web sites, online business to business, transactions and electronic data interchange edi, the business to business exchange of data using compatible software. Simply, the sale of retail goods and services online is called as electronic retailing.
According to turban 2006, e tailing is defined as retailing conducted online, over the internet. The automotive etailing market caters to the requirement of passenger cars, commercial vehicles and twowheeler. Finally, the chapter suggests 7cs of the customer interface in e service marketing. Define and describe the primary etailing business models.
In the course of this study, data has been collected from secondary sources like books and journals, and also from the internet. Zeithaml 2002 has defined that the success of etailing depends on the efficient web. In order to measure of e service quality, some scales are discussed. Describe electronic retailing e tailing and its characteristics. In e commerce a large variety of business models for selling goods online has emerged. It is the only indian company which demonstrates fully integrated etailing model and is profitable also. In general, etailing industry, from a business perspective offers an opportunity to cater to consumers across geographies, no operational timings, unlimited shelf space and all. The name is a derived from thetraditional building materials associated with physical buildings bricks andmortar. However, many fail to understand that the internet e tail business model is substantially different. The internet economy is a broader concept than e commerce and e business. The term brick and mortar business is used to refer to a company thatpossesses a building or store for operations. Developinganeffectivee tailing strategy bharatrao l i a t e r, g n i l i a t e r c i n o r t c e l e, g n i l i a t e.
22 500 1149 861 1102 386 1347 372 1142 1222 448 157 880 545 946 34 244 666 159 1408 388 965 56 136 1468 168 1221 832