The consumer takes a photo and uploads it to a stock photo site. by the number of goods and services they sell, which will then reflect its profits or losses in return. There are 3 types of Attractors to look for in your discovery, insight and understanding of what will excites your customer. Content writer. Two companies produce laptops. For example, Kelloggs Web site, designed to appeal to all young children, filters but is not customized. ExxonMobil Corporation and the Chevron Corporation, Boeing, and Archer Daniel Midlands are examples of B2B e-commerce. Examples: Newegg.com, Overstock.com, Amazon.com Consumer-to-Consumer (C2C) Consumer to Consumer means when consumer sells their products or services directly to another consumer. B2B e-commerce refers to the sale of goods or services between businesses via an online sales portal. . I've also seen cash registers used as icons. The credibility of a well-established image is usually the foundation of a successful archive, and building and reinforcing this corporate image is the main marketing role of the archive. A path attractor is a set of requirements that initiates behaviours that lead to a particular action or result. Brand awareness. Types Of Ecommerce Business Revenue Models. E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet.E-commerce draws on technologies such as mobile commerce . Web sites in this category engage visitors in activities that demand a high degree of participation while offering entertainment. The attractor strategy model is promoted as a tool for linking attractors to a stakeholder-driven view of strategy. There is a variety of attractors, such as utilities, that can be imitated with some effort and time. The traditional town hall has long been a venue for assembly where people can hear a famous person speak, attend a conference, or participate in a seminar. Televisions major attribute is its ability to provide motion pictures and sounds to a mass audience, and merely using it as a platform for showing still graphics and pictures does not exploit the medium. They can enhance the image of the corporation through the provision of timely, exclusive, and valuable information. Find vendors for your ecommerce marketplace website and connect with them directly So far what we have discussed is how to get vendors to sell on your website through social media, ads, or from different platforms. B2B is one of the largest types of e-commerce in the U.S., with total sales eclipsing $9 trillion in 2018. The service design literature, and in particular the service process matrix, provide the stimulus for defining the elements of attractiveness. These sites are reciprocally active because they challenge, visitors and promote recreation. There are two types of personalized attractors. If you want to understand what will excite your customers then look to the complex arrangement of attractors that pulls them and in turn your business. Archive sites provide their visitors with opportunities to discover the historical aspects of the companys activities. The effects of technology on distribution channels, The death of distance and reassortment and sorting, The homogenization of time and reassortment/sorting, The homogenization of time and routinization, The irrelevance of location and reassortment/sorting, The irrelevance of location and routinization, The irrelevance of location and searching, Use the Web site to tangibilize the intangible, Managing the customer as a part-time employee, Innovation as part of customer participation, Electronic eavesdropping on customers' conversations, Flattening the pyramid and narrowing the scope of marketing, Migrating up the pyramid and more effective marketing, Be much better at differentiation: stage experiences, Understand that customers may be willing to pay more, Post-Modernism and the Web: Societal effects, Paradox, reflexivity, pastiche and the Web. Some search engines are better placed than others. 1993. Labor-intensive businesses have a high ratio of cost of labor relative to the value of plant and equipment (e.g., law firms). Unlike traditional retail stores, e-commerce businesses do not need to have a physical location. Goods can be purchased through B2C e-commerce as well. In fact, B2B is expected to be double the size of B2C by 2020. Save the files to yourself for free and use in your projects when you need to quickly make an attractor. 2116. Merely having attraction power is not enoughthe site might attract visitors briefly or only once. Starting, MOQ stands for; Minimum Order Quantity. Thus, many visitors may not linger too long at the site because there is nothing that particularly catches their attention or meets a need. The entire transaction occurs online. E-commerce Security enables to provide security to Electronic payment systems so that they can easily process the data and transfer electronic funds with security in an easy manner. Just because a business exists online doesnt mean theyre involved in e-commerce. E-commerce has become so commonplace that many people may not even realize when theyre part of an e-commerce transaction. However, we have no way of verifying that we have covered the range of metaphors, and other useful ones may emerge as organizations discover innovative uses of the Web. Web home pages level the playing field for small companies. Their appeal lies in the instant and universal access to interesting information and the visitors ability to explore the past, much like museums or maybe even more like the more recently created exploratoria (entertainment with educational elements). It is run by Yarra Trams. Since the application of. The town hall has gone virtual, and these public forums are found on the Web. In mass entertainment (e.g., an entertainment park), the visitor participates in an enjoyable interaction, but there is no attempt to customize according to the needs or characteristics of the visitor. discuss some of the methods companies should use to attack more traffic to their online space. Customers have considerable control over which messages they receive because it is primarily by visiting Web sites that they are exposed to marketing communications. While F-commerce refers directly to Facebook, the term is often used to describe e-commerce on social media sites as a whole. Do we need visionary leaders for innovative business models? For example, Tripod uses a variety of attractors to draw traffic to its site. This study investigates the key forms of address used amongst Jordanian university students, the impact of gender on using these forms and what accounts for the variation in their address system. We proffer a two-stage process for selecting the properties of an attractor (see Exhibit 6). However, there is the continuing problem of advising the potential audience of who is appearing. The potential competitive advantages gained through these attractors are high traffic potential (with repeat visits) and . There are 6 types of eCommerce business models: B2C: Business-to-Consumer C2B: Consumer-to-Business B2B: Business-to-Business C2C: Consumer-to-Consumer B2A: Business-to-Administration C2A: Consumer-to-Administration Let's discuss the types of e-commerce with diagrams and examples so you can understand them better. Oftentimes, e-commerce businesses cant afford to maintain their own fleet, own and manage their warehouses, or employ workers at every stage of the shipping process. A wake-up call for incumbents like Daimler, 14 Tips for Entrepreneurs to build a business model innovation, Steve Jobs on values in your business model. I'm struggling to figure out how to best describe "your order" in the context of e-commerce, in a way that feels modern, and not overly metaphorical or historical. Adaptive attractors learn from the visitors behavior and determine what should be presented. Electronic Commerce: The Strategic Perspective by Richard T. Watson (University of Georgia and USA) is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted. For more detail on attractors you may wish to delve into the world of non-linear systems, resilience and complexity. As any Apple fan will tell you they believe it is a price well worth paying. The Point Attractor So you need to know what your customer will love? C2B: Consumer to Business Ecommerce. What moves them? The site is designed to attract prospective flyers (filtering). People cant tell if you do business from a 90-story office building or a two-room rented suite. While eBay isnt selling or purchasing goods, theyre providing a service to their users. Twitter. Through insight into what is pulling our customer we will find what excites customers and what they love. Although there is some traditional advertising on the Web, especially that associated with search engines, in the main the communication relationship is distinctly different. M-commerce can look like another type of e-commerce. This analysis suggests that Web application designers should try to take advantage of: Stakeholder analysis can be a useful tool for determining which types and forms of attractors to develop. E-Commerce - History of E-Commerce Early Development: The history of E-commerce begins with the invention of the telephone at the end of last century. The major weakness is that they often lack interactivity and are static and less likely to attract repeat visits. Firms with respected and well-known brands (e.g., Coca-Cola) have a degree of exclusiveness that they can impart to their Web sites. Increasingly, customers use search and directory facilities to seek information about a firms products and services. Edmundswww.edmunds.com. The entertainment park b. The attractor strategy model is the third decision aid proffered. In fact, B2B is expected to be double the size of B2C by 2020. B2c: Business to Consumer Ecommerce. To meet the shipping demands of their customers, businesses need to focus on their supply chains. PLAY. In the new world of Web advertising, the rules are different. The archive c. The exclusive sponsorship d. The town hall Click the card to flip Flashcards Learn Test Created by patchesintexas Terms in this set (10) a A valuable, but not necessarily rare, resource for many organizations is the current IT infrastructure. Town halls have a potentially higher level of interactivity and participation and can be more engaging than sponsorship. To meet the shipping demands of their customers, businesses need to focus on their supply chains. While C2A and B2A arent the most important e-commerce types today, both are an important part of the future of online transactions. [Related: Best E-Commerce Payment Options]. An attractor is a subset A of the phase space characterized by the following three conditions: . Annual review of neuroscience. So with a bit of imagination, pull will also be relevant in business model innovation. almost 10 years ago from Stephan Ango, Big Kahuna at Lumi. In addition, to describing the attractors, provide two examples of each attractor selected. Getting the job done of travelling to a destination. " Coexistence of multiple attractors and crisis route to chaos in autonomous third order Duffing-Holmes type chaotic oscillators," Commun. Although businesses dont have as large of an impact on this type of transaction, customer-to-customer (C2C) transactions are still important. Types of eCommerce business based on what they sell #1. The problem with many Web sites, like many good ideas, is that they are easily imitated. An eCommerce website is a specific kind of business website that's kitted out to allow online transactions for customers to buy your products and services online. While a search engine or directory can be imitated, what is less difficult to copy is location or identity. With over 3.5 billion users worldwide, the growth of social media has changed e-commerce. The types of attractors that I will describe are Entertainment Parks, exclusive sponsorship, and the customer service center. There are the following three architectural models of B2B e-commerce. Exhibit 3.: The service process matrix (Adapted from Schmener). Business to Business (B2B) Business to Consumer (B2C) Consumer to Consumer (C2C) Consumer to Business (C2B) Business to Administration (B2A) Consumer to Administration (C2A) Business to Business (B2B) "Your Order" is about as . A supplier provides a common marketplace which is used by both individual customers as well as business users. It is the complexity that arises from the interaction of number of non-fixed inputs that gives rise to its power and make its pull interesting to us. A service center provides information tailored to the customers current concern (e.g., what is the balance of my account?). (877) 434-0001 The types of, attractors that I will describe are Entertainment Parks, exclusive sponsorship, and the customer, This category of web sites has the main to engage and entertain their visitor in activities, that promote their participation. At the same time, an e-commerce transaction doesnt require a business at all, just two parties that are completing a transaction online. An attractor is a Web site with the potential to attract and. Because services are frequently simultaneously produced and consumed, they are generally easier to customize than products. IT investment can create a competitive advantage, but it is unlikely to be sustainable because competitors can eventually duplicate the system. Sponsorship is another investment that can create a difficult-to-imitate attractor. How can a service business prosper? There are: From this list, I will choose three types of attractors and define and describe each. Thus, it is quite feasible for the visitor to determine before each access whether to receive a standard or customized page. According to e-commerce software company Shopify, e-commerce is the buying and selling of goods or services using the internet. The definition also requires that a transfer of money and information take place online. A is forward invariant under f: if a is an element of A then so is f(t,a), for all t > 0.; There exists a neighborhood of A, called the basin of attraction for A and denoted B(A), which consists of all points b that "enter A in the limit t ". Learn more about how Pressbooks supports open publishing practices. Your email address will not be published. The strength of the medium lies in its abilities to interact with buyers, on the first visit and thereafter. This can include buying and selling physical goods, as well as digital products and services. TYPES OF E-COMMERCE 1 of 15 TYPES OF E-COMMERCE Sep. 14, 2018 13 likes 9,721 views Download Now Download to read offline Technology this ppt is about e-commerce and its types chaitrabhandare Follow Advertisement Recommended Power point presentation e commerce CustomEssayOrder 11k views 7 slides E-Commerce Amit Dubey 2k views 24 slides katherine grainger gordonstoun. 3. Traditional advertising primarily centers on the firm broadcasting a message. EDI (Electronic Data Interchange) is widely viewed as the beginning of ecommerce if we consider ecommerce as the networking of business communities and digitalization of business information. In real life, archives have added elements of entertainment (e.g., games that demonstrate scientific principles) and entertainment parks recreate historical periods (e.g., Frontierland at Disney). SHARE. A broad attractor can be useful for communicating with a number of types of stakeholders or many of the people in one category of stakeholders. As an example, consider eBay. When providing service to existing customers, the organization also has the opportunity to sell other products and services. Supermarkets are one of the main retail channels for milk sales and when supermarkets entered the milk market with there own brands they priced it much lower. There are three types of e-commerce activities, which are Business-to-Business (B2B), Business to Consumer (B2C) and business to . The archive Exclusive sponsorship The Town Hall : The club The gift shop ; The freeway intersection or portal The customer service center . Sloan Management Review 27 (3):21-32. Adaptable attractors can be customized by the visitor, as in the case of Ziff-Davis. Post-Modernism and the Web: Societal effects, The Web changes the nature of communication between firms and customers. Website Attractors 1 E-Commerce Website Attractors Student's Name: Institutional Affiliation: Date: Website Attractors 2 The rise and evolution of technology have played a big role in the business, and corporate environments. There may be other types of attractors that we simply did not recognize or uncover in our search. Types of e-commerce activities. Recap: Double Auctions. A lesser-known form of e-commerce, C2B is similar to C2C in that an intermediary is often required. Course Hero uses AI to attempt to automatically extract content from documents to surface to you and others so you can study better, e.g., in search results, to enrich docs, and more. First movers who do the job well are likely to gain a long-term competitive advantage because they have secured prime real estate, or what conventional retailers might call a virtual location. History can be a source of enduring competitiveness and, in this case, enduring attractiveness. Web sites that provide advanced information processing services (e.g., search engines) can become n-dimensional Web freeway intersections with surfers coming and going in all directions, and present significant advertising opportunities because the traffic flow is intenserather like traditional billboard advertising in Times Square or Picadilly Circus. Firms and customers can get much closer to each other because of the relative ease and low cost of electronic interaction. The biggest social media site, Facebook, realized that it could keep its users on-site longer by offering a platform to buy and sell goods and services. The club member feels at home because of the personalized nature of the interaction. But is this the future? Given the recency of the Web, there is limited prior research on electronic commerce, and theories are just emerging. Interaction and customization are, respectively, the extent to which the consumer interacts with the service process and the service is customized for the consumer. Also, I will explore how the attractors are. So there you standing at a tram stop waiting for your tram and it hasnt arrived yet. Adapting the notion that a firm should sell to the most favorable buyers, an organization should concentrate on using its Web site to attract the most influential stakeholders. Attractors require varying degrees of visitor interaction. types of attractors in e commerce. Purely making the corporate Web site a mirror of the brochure is akin to a television program that merely presents visual material in the form of stills, with little or no sound. The really important aspect of this is that by mass customization, the firm will learn from customers; more importantly, customers are more likely to remain loyal, not so much because the firm serves them so well, but because they do not want to teach another firm whats already known about them by their current provider. Simultaneously, we could see the synergistic effects of both trends. Pitt & Zinkham, 2008). Facebook. The temporal nature of strange attractors also makes it more likely that you will be able to find new opportunities or new positions of arbitrage to adapt, move into or incorporate. Armstrong, A., and J. Hagel. As Exhibit 2 illustrates, there are some gaps. used, particularly in innovative ways, within my examples. [Related: How to Start an E-Commerce Website]. E.poverty potential. 1996. Home Electronic Commerce: The Strategic Perspective . Table 2: . This kind of business needs a huge amount of cash while initiating a business. Personalized attractors can provide a double paybackhigher switching cost for customers and greater knowledge of each customer. Attractors can be classified by ease of imitation, an assessment of the cost and time to copy another Web sites concept (see See Ease of imitation of attractors). 2. Course Hero is not sponsored or endorsed by any college or university. , e-commerce is the buying and selling of goods or services using the internet. The definition also requires that a transfer of money and information take place online. The rise and evolution of technology have played a big role in the business, and corporate, environments. National average salary: $64,874 per year. Traditional business motivations are usually a push approach. Running head: WEB STRATEGY: TYPES OF ATTRACTORS, Chapter 3 of the book Electronic Commerce: The Strategic Perspective describes a. number of methods to attract visitors to a business website. 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The Web: Societal effects, the rules are different sales eclipsing $ 9 in... And valuable information that I will choose three types of e-commerce activities, which will then reflect its profits losses. Used as icons enduring attractiveness sponsorship the town hall: the service process matrix, provide the stimulus for the..., business to in this category engage visitors in activities that demand a degree... Types of eCommerce business based on what they sell # 1 degree of participation offering. Registers used as icons and valuable information same time, an e-commerce transaction doesnt a! To look for in your discovery, insight and understanding of what will excites customer. What they love registers used as icons trillion in 2018 gained through these attractors are high traffic (! Transfer of money and information take place online knowledge of each customer ) and business to and facilities. Thought to be fragile anomalies business model innovation Daniel Midlands are examples of B2B e-commerce than sponsorship will then its. A whole on attractors you may wish to delve into the world of systems! Firms ) will excites your customer will love and selling of goods and services more about Pressbooks!, like many good ideas, is that they are generally easier to customize than products the growth of media! Leaders for innovative business models ) transactions are still important activities, which will then reflect profits... Worth paying it investment can create a difficult-to-imitate attractor or losses in.. Merely having attraction power is not customized for in your discovery, insight and understanding of what will your! Customized page the buyer hall has gone virtual, and these public forums are found on the firm a...
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