The Role Of Social Media On Global E Commerce - 1507 Words

The Role of Social Media in Global e-Commerce Name Affiliated Institution E-commerce is short for electronic commerce where the participants (companies) trade their products and services using computer networks. The buyers and sellers can use platforms like mobile commerce, electronic funds transfer, supply chain management, online transaction processing, data collection, internet marketing, electronic data interchange and inventory management systems. Currently, most of these transactions have taken advantage of the World Wide Web, which is largely accessed through emails and other platforms. E-commerce entails online shopping web sites, active participation in online market places, business to business trading activities, data collection through web contacts and other social media, electronic data interchange between businesses and retails for launching newly innovated and created products and services. Social media Social media, on the other hand, has changed the way people use the Internet. Consumers are actively participating in conversations regarding the products they are using and advice companies on how they would prefer their products made to satisfy their needs. People use social media to communicate, express themselves, pass their time, entertain themselves and seek information. By companies using media to communicate to its customers or building an online community to keep conversations going about their products, they make visitors of their pages be moreShow MoreRelatedImportance Of E Commerce Infrastructure On Present Era And The Coming Generations1108 Words   |  5 Pages E-commerce Infrastructure Vijay Kumar Mayure California University of Management and Sciences â€Æ' Introduction E-commerce is abbreviated as electronic Commerce which deals with buying and selling the products through the networking applications such as Internet. The main purpose of this paper is to study about the importance of E-commerce Infrastructure in present era and the coming generations. Hardware, Software, and Networks are the basic varieties required for E-commerce InfrastructureRead MoreThe Growing Relevance And Role Of Web Based Technologies1547 Words   |  7 PagesSocial Media Today The growing relevance and role of web-based technologies in supporting â€Å"firm operations† is widely acknowledged both by practitioners and academics (Hanafizadeh, Hanafizadeh, Khodabakhshi, 2010). The explosion of social media across the globe has impacted personal and professional communications and has opened up a variety of opportunities for interaction with communities, regions and businesses across the world. 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(Snellman, Vesala, Humphrey, 2001) Defines e-payments as any payment service that makes use of information and communications technologies including Integrated Circuit (IC) cards, cryptography and telecommunications. However, in this study, e-payment refers to all electronic transactions as payment for goods andRead MoreCoca Col Developing Cross Cultural Relationships1743 Words   |  7 Pagesproducts is recognized globally (In Bose In Lyons, 2010). Coca-Cola Company’s Strategy The brand’s strategy development’s VP and North America’s e-commerce indicated that the communication between consumers and brands is at premium courtesy of real-time social exchange and digital technological advancement. In addition, â€Å"the company has heightened the role of authenticity and creativity in marketing,† claimed Coca-Cola’s head of strategy. Moreover, the VP pointed out that innovation and creativity