Influence Of Global Standards Of E-commerce On Worldwide Business

Introduction to the research topic

Discuss about the Influence of the Global Standards of E-commerce on the Worldwide Business.

According to Wymbs (2014), the electronic commerce might have large economic influences in the future. Moreover, it can be said that the electronic commerce (e-commerce) might change the plan as well as the face of the operational process of the business. It can be said that the e-commerce businesses have affected the worldwide financial system in various manners. Firstly, it can be said that the incorporation of the e-commerce business operation in the present market has primarily affected the information technology. Moreover, it has been found that this modified process of e-commerce also affects the economic sectors and enriches the growth of the productivity of the business across the world. Furthermore, it has been noted that the sales of e-commerce increased to $ 3.5 trillion in the year 2005. Therefore, advancement in the internet revolution is considered as more than a primary public policy goal. As per Wymbs (2014), the e-commerce market possesses various models and these are business to business (B2B), Customer to Business (C2B), Business to Customer (B2C) and Customer to Customer (C2C). In addition to these, though the current market has various models for operating e-commerce business, there are certain issues that affect its development. These include – content, profitability, security, taxation, privacy and participation in the growth of the new global standards. Therefore, this particular investigate proposal puts emphasis on the affect of global standards of e-commerce on the worldwide business (Siau, Ee-Peng and Shen 2015).

In this particular section, a detailed analysis has been done based on the influence of the global standards of e-commerce on the worldwide business (Siau and Shen 2013). In addition, its importance on the organizational operation has also been determined. Generally, the global standards of e-commerce are regarded as the technological process that helps to enter into a new market and this is done by the implementation of advanced technology. The strategy of e-commerce business provides the consumers with various facilities, like, an individual can purchase any goods by sitting in his room from anywhere of the world. Furthermore, the hectic lifestyle of the people has mainly lead to expansion of the particular business (Shim et al. 2015).

According to Wymbs (2014), the implementation of global e-commerce business has positive effects on both the consumers and businesses. The advantages it provides to the customers of the company include – the clients can purchase at lower prices, they can get access to the products and services for all day i.e. 24 hours and has global marketplace. On the other hand, the advantages the technology of global e-commerce provides to the business include – lower barriers to entries, companies can provide advertising at lower cost and the potential share of the market can be increased. However, this particular technology also has certain disadvantages on both the customers and the business. The disadvantages regarding the customers are online purchasing security and incapability of the clients to scrutinize the goods personally. Finally, it has been found that the technology of online or e-commerce also has negative effect on the business. These include – costs of the business, hardware and Software, training and maintenance, maintenance of website and customer loyalty and website stickiness (Ngai and Wat 2012).  

Literature Review

As rightly put forward by Wymbs (2014), there are some of the key determinants that will maintain the smooth process of E-commerce business to a wider extent involving sufficient internal resources of business organization. This means viewing at the incapability of the staff members working in an organization in the Marketing Department. Business Corporation should posse’s required economic strength for bearing the expense of regulating the E-commerce business. Entire operational aspect of E-commerce business will base on use of sophisticated technologies for future analysis purpose. There are various types of business firms that enables in bearing the expenses after implementation of modified technologies in and within the firm. Therefore, there has been improper plan for implementation by using accurate technologies whereby E-commerce business remains unable in operating the company in successful way (Markus and Soh 2013).

As opined by Deitel (2015), there has been shortfall of modified technologies in and within e-commerce business that hampers entire procedures of business enterprise. In other words, maintenance of an E-commerce business involves well-trained as well as well-skilled employees who views at the level of competency in the current market for managing in the most efficient way. There has been technological change by putting the obstacles for expanding in the business leading towards declination of the business. There are several factors that govern adopting E-commerce applications (Siau and Shen 2013). This includes:

IT Competence is one of the factors relating to E-commerce adoption. This reveals the fact regarding the ability and information of staff members for understanding the concepts of E-commerce as well as superior information and communication such as internet and computer software in everyday activities. It reduces the barriers on adoption of E-commerce organization such as lack of possessions and lack of skills and competent employees (Lee and Kozar 2016). On the other hand, Organizational support refers as the top management in the entire process aligning with the E-commerce activity of business firm. This means that Business Corporation requires adopting and implementing the E-commerce that need adequate resources as well as capabilities. It will help in encouraging to team members by overcoming the challenges and fostering cross-functional cooperation (Javalgi and Ramsey 2016). Trust and Security is other factor that needs consideration whereby it requires protecting the illegal access of information data and internet possessions. In this case, results are taken from the quantitative data such as surveys and questionnaire on the given topic on E-commerce standards. Business Corporation mostly has a fear in losing their trade secrets as it will create reluctance by entering E-commerce business (Kumar and Liu 2015). Moderating effects of competitive pressure will be taking into consideration at higher rates by adopting the technology innovation. It requires being more responsive and cautious by actions of competitors in the current business environment. It requires measuring the competitive pressures by implementing E-commerce technology. This reveals the fact that competitive pressure from the moderate climate as it will proportionally maintain relationship at the time of adopting E-commerce (Kumar and Zahn 2013).

Advantages and Disadvantages of E-commerce on Global Business

In the recent world, E-commerce business had expanded as well as became popular in and across the world (Gunasekaran et al. 2012). In other words, E-commerce business starts within the country as well as across the geographical boundaries. This reveals the fact that other offline business will be following the guidelines as well as standards in regard with E-commerce standards. Business Corporation operates on global basis whereby it requires operating their business in and across the world by following the Global standards for running the business in an effective way. GS1 System has created by GS1 network in and among 150 countries whereby they have 3000 employees by greater than 111 member organization. It finds more than 1.500.000 consumers who presently uses GS1 system (Markus and Soh 2013). This particular approach will involve identity, capture as well as share and use. It reveals the fact regarding the global e-commerce standards involves three types of channels such as single channel, Omni-channel and multi-channel. GS1 Standards will make it simple whereby individuals invent as well as purchase goods in and across the growth of business for reducing the expenses of business whereby manager’s views at the risk and advantage consumer insights (Glushko, Tenenbaum and Meltzer 2015).

1.What is the collision between Global E-commerce standards for bringing future progress in the business?

2.Enlighten the primary factors that affect the functioning of business organization in maintaining Global E-commerce Standards.

3.How come Business Organization involves in expansion in the entire process of business aligning with the Global E-commerce standards?

H₀: Global e-commerce standards is overcome with a main impact on the budding business organizations

H₁: Global e-commerce standards is not overcome with a main impact on the budding business organizations

Research Philosophy

Research Philosophy means the scientific data collection by which it is conducted by using the philosophies for implementing the research strategy (De la Torre and Moxon 2015). This involves employment and utilizing the research instruments. This will help in solving the problem in which research questions and objectives revealed in the previous sections. It helps in discussing research philosophy aligning with other philosophies. It augments with the research strategy that takes into consideration research methodologies by adopting or using the research instruments aligning with the pursuit of goals. In this way, research philosophy is a belief whereby data will be collected, used and analyzed at the same time. It means the process for transforming the information and putting in real course of action. There are three types of research philosophy such as Positivism, Interpretivism and Realism (Damanpour and Damanpour 2014).

Determinants that affects the Global Standards of E-commerce

In order to explain each of the research philosophy in detail, Positivism explains the reality of action that will be observed from an objective viewpoint (Czinkota et al. 2014). It is important to consider the fact that phenomenon will be isolated from the repeated observations. It will involves manipulating the reality of actions by viewing at the variations of single independent variable at the time of identification of regularities by maintaining relationship between constituent elements in the real social world. On the contrary, Interpretivism takes into consideration the emotional side of human beings. This reveals the fact for making the subjective interpretation as well as reality intervention by understanding the entire aspects in detail. This study will be taking into consideration the phenomenon in the natural environment identified by Intreprevitist (Siau and Shen 2013). This can be even acknowledged by the scientists when they fail in identifying the interpretations in vital form after comparing it with Positivism. Realism combines both the philosophies such as Positivism and Interpretivism (Chaffey 2016).

In this particular research work, researcher will be using Positivism Philosophy as it can help in gaining knowledge in the social world whereby objective used for conducting scientific methods of enquiry (Cavusgil et al. 2016). It is essential for the researcher for using Positivism philosophy on the given research topic on Impact of Global E-commerce standards for the Business Corporation in association with the Positivism paradigm like questionnaire and survey from the customers.

It is important to consider the fact that hypothesis relevance comes from distinctive features taking in between deductive and inductive approach (Aljifri, Pons and Collins 2013). In order to explain both the approach, it is necessary for understand the validity of the research. Deductive approach help in testing the validity of assumptions like conduction of theories or hypothesis at the same time. On the contrary, Inductive approach majorly contributes towards the emergence of new theories and generalizations.

Researcher will be using deductive approach as it will help in understanding the conclusion at the time of implementing the research topic (Albrecht, Dean and Hansen 2015). As far as deductive inference is concerned, it involves the premises that need to be true the conclusion is also true. This research approach will be used by the researcher for generalizing from the specific attributes. Data collection is the evaluation propositions or hypothesis in relation to an existing theory (Siau and Shen 2013). Researcher should be using the information in accordance to the steps starting from the theory and then conducting hypothesis.

Background Information on the research topic

Research Activities	1-4	4-8	8-12	12-16	16-20	20-24	24-28
Selection of the topic	ü
Collection of secondary sources of information
Outline of the investigation
Literature appraisal and theory
operation and investigate tactics			ü
Research tactics and technique
Primary information examination			ü
understanding of Data examination
Findings  and investigation
Conclusion and outline
Formation of Draft
Final Submission of  the research Paper

Figure: Research Process

(Source: Siau, Ee-Peng and Shen 2015)

The first step in the research process is determining the needs of the research whereby researcher will understand the need based on the topic that affect the Global E-commerce standards on the business enterprises. In this, researcher selects the research topic by explaining the E-commerce standards (Markus and Soh 2013). The second step explains the determining the need of research aligning with the research topic by distributing questionnaire as well as surveys to the employees. It means analyzing the information whereby researcher will be collecting from the quantitative data. The forth step is communicating the findings from the discussion with the research topic. In the last step of research process, researcher requires applying the results whereby the researcher will be analyzing the data from getting future outcome (Siau and Shen 2013).

At the time of conducting research study, researcher will be gathering the detailed information as well as data aligning with the research topic from the targeted customers of Global E-commerce companies such as Amazon, Ebay and Flipkart. This reveals the fact that researcher will be collecting primary data for performing an accurate study aligning with the research topic. It is important to understand the fact that primary data resources help researcher in gathering accurate as well as extracting data from the respondents (Siau, Ee-Peng and Shen 2015).

At the time of conducting the research, researcher will be performing quantitative analysis based upon data that is gathered from the primary resources (Siau and Shen 2013). This is where customers of Global E-commerce companies whereby the customer purchases goods as well as services from the international companies through online activities. Researcher will be arranging for conducting questionnaire survey and distributing the questionnaire to the targeted customers. Based on the data collection, researcher will be able in performing the quantitative analysis for understanding the problem statements in clear manner.

Based on the nature of research topic, researcher fails in arranging for face to face telephonic interviews as well as implementing qualitative analysis at the time of analyzing the data. Researcher cannot collect primary data from the managers of Global companies.

At the time of conducting the research, data will be collected from secondary sources such as company websites, peer reviewed journals as well as academic books. Secondary data will not be sufficient at the time of analyzing the statement of problem.

Researcher will be keeping the work simple whereby they will be gathering data as well as informant from sample size of 50 customers who are willing in purchasing products from E-commerce companies through online medium. In other words, researcher will be selecting the participants of the questionnaire survey on random basis.

At the time of conducting the research, entire process will conduct accurate research procedure for gaining positive expected future outcomes (Siau, Ee-Peng and Shen 2015). This reveals the fact that quantitative analysis are used by collecting the data in a way of gathering the adequate response from the targeted customers who purchase products and gets services from the Global E-commerce firms. In other words, respondents cooperating with the researcher will help in collecting the data in systematic way. Therefore, the entire procedure of work are drastically comes down because of lack of values as well as ethical considerations.

References

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Aljifri, H.A., Pons, A. and Collins, D., 2013. Global e-commerce: a framework for understanding and overcoming the trust barrier. Information Management & Computer Security, 11(3), pp.130-138.

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Chaffey, D., 2016. E-business and E-commerce Management: Strategy, Implementation and Practice. Pearson Education.

Czinkota, M.R., Ronkainen, I., Moffett, M.H., Marinova, S. and Marinov, M., 2014. International business. Wiley.

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