Describe (using example) how the government plan for the growing use of e-business
- To build the most competitive tax system in the G20:
- Lowest tax rate in the G7 and lowest among the G20.
- A simple tax system to be prepared.
- To be best location for corporate head office in Europe.
- To promote investment and exports as a route to a more balanced economy:
- Increasing exports in targets markets.
- Increasing investment in environment friendly technologies.
- Ensure the UK remains one of the top destinations for foreign direct investment (FDI)
- To create the UK one of the best places in Europe to start, finance and grow an e-business:
- More finance in start-ups and expansion of e-business.
- Lower domestic regulatory constraints.
- Trying to improve in majority of indices of business competitiveness.
- To make a more educated or trained workforce that is the most flexible in Europe:
- Simple employee regulations in the EU
- Increasing the rate of participants in learning and employment whose age into 16-24.
- Creating more top universities in the world than other countries for e-business (Jutla, Bodorik & Dhaliwal, 2002).
Describe (using example) how the business organizations plan for the growing use of e-business
There are some steps to convert conventional business to e-business some are given below:
- E-business needs that information flow liberally within an organization. Experts of business need to be elected in each major functional area to help the free flow of information and connect people and processes throughout the enterprise.
- Identify that an e-business is an inside-out proposition. organization core processes must be predominantly real-time, online, integrated and interactive.
- Memorize that education and training is essential. Everybody within the organization must be familiar with basics e-business concepts. Some persons who are accountable in areas that involve direct interaction with customers, more detailed training is needed.
- Encourage a sense of importance necessary to deliver the level of service that should help drive business decisions. Now, customers expect immediate quality service, whether it is in person, on the phone or on the web.
- Recognize that the Internet and the realities of e-business have permanently changed the barriers to competition (Coviello & Munro, 1995).
Describe (using example) how the individuals plan for the growing use of e-business
- Avoiding the middleman: building e-business one can easily avoid the all middleman of a business such as: retailers, agency etc. manufacturer directly keep touch in customers.
- Subscription commerce: it has various forms. In discovery model, it offers a subscription to a experience that delivers new, or customized items periodically to the customer’s doorstep.
- Emphasize on seamless experience across channels: an organization sales growth ensures product availability, brand experience and promotional experience are present in all channels such as: online, mobile devices or in- store.
- Simplicity of the logistics: Organizations connect with third party logistics providers to handle high volume complex orders. Same-day delivery and innovative fulfillment networks can be provide competitive advantages.
- Investing in mobile: M-commerce are growing rapidly recently its growing percentage rate is 130 %. To survive in competition, organization needs to offer mobile-accessible services such as real-time notifications, delivery status, maps, click-to-call, and product information.
- Personalizing: personalize the website and includes all updated information such as: current promotion, offers, ads must be included here (Drew, 2003).
- Targeting online customers: creating plan to capture targeted online customer who are very potential by using some tools such as: cookies analysis, behavior or choice, browsing history etc.