ECOM 325 SEU Virtual Model in E Business Presentation

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Virtual model in E-Business
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Virtual model in E-Business
Question 1
E-Business the electronic business comprises all activities an organization conducts
through a computer-mediated network. The organizations may include governmental, nonprofit, and profit-oriented entities. These entities may involve production, customer service,
and management-focused business activities (Dalevska et al. 2019). A virtual model is an online
method that enables an individual to examine goods before making an actual decision to
purchase them.
Additionally, it gives the ability to match goods with your needs and preferences. For
instance, one can try clothes designed to look like them. There are many profits derived from
this business model E-Business as follows; it saves time since the customer can make an early
purchase choice before physically purchasing the item. This makes the business very fast since
they don’t spend more time selecting the product again. Moreover, there is proper space
utilization as there is no crowding at the physical space as this is sorted through the virtual
model. In addition, this model helps an organization to have manageable employees as most
customer service is catered for.
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Question 2
Info product; this is usually long and detailed data on how some things operate that is
given in a consumable way to information-hungry audiences. In the past days, info products
were delivered as PDFs; however, recent info products have adopted the form of recorded
Webinars and high-ended videos. These videos are usually designed attractively to convince
the audience.
Ecommerce; involves purchasing goods and services via the internet. It is conducted
through smart devices such as tablets, computers, and smartphones, among other smart devices.
It usually occurs in four market segments; business to consumer, business to business, consumer
to consumer, and consumer to business. In some cases, the moderator is involved in business
to prevent the exploitation of one party, usually the buyer or a business, from the fraudulent
consumer.
Affiliate marketing; is an advertisement system where a firm pays a person, usually
bloggers, to advertise products on their behalf to generate sales. These bloggers place the
adverts on social websites as apps, blogs, and many more.
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Question 3
According to my observation and personal experiences with business models, Ecommerce is the best business model. There are many reasons why this model surpasses all
other models known to me; first, Ecommerce allows one to achieve goods without necessarily
being present, it just at your comfort zone just connecting to the internet via your smart devices
and accessing a variety of goods that would be impossible under physical circumstances
(Dalevska et al. 2019). Take, for example, when you need clothes, it would be easier purchasing
them online just at the touch of your smart device than physically moving to the shop, moving
up and down wardrobes, and changing rooms trying on new clothes, which is likely to be
tiresome and time-consuming. In addition, E-commerce enhances interactions between various
business partners and levels; business-to-business, consumer-to-consumer, and business to
consumers that gives participants more information on existing goods and services.
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Furthermore, eCommerce allows one to open a shop without renting a physical space that may
be too expensive, thus cutting operation costs such as storage.
Question 4
However, much e-commerce has been adopted as the cheapest and fastest way to trade,
many risks and challenges have emerged following its establishment. Some of such risks are;
Low-quality goods; Customers feel much satisfied with goods that match or exceed their
expectations (Priyanka & Sudha 2019). This has been a nightmare in the e-marketplaces. Sellers
display very attractive videos and images of goods way better than the actual delivery. This
leads to disappointments of customers and dissatisfaction cases. In addition, there are many
fraudulent sellers. The sellers post goods that they don’t own and disappear after the customer
makes the payment, or they may continue to hold the goods in their possession even when the
buyer has successfully made payment. This will lead to losses incurred by the buyer as they pay
for what they don’t get. One of the commonly known challenges of e-commerce is insecurity
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and lack of reliability due to poor implementation. Another challenge is poor user adaptation
since most individuals believe in purchasing only products they can see and touch.
Question 5
The virtual organization covers a big part of the business and social environments. These
environments comprise people of different ethnic, racial, religious, age, and gender
backgrounds. Therefore, every e-commerce organization must abide by moral ethics and
standards. For instance, violent videos and images are not allowed on social platforms as they
can interrupt the normal e-commerce business into a chaotic environment; this will lead to
losses by investors and a lack of understanding between diverse groups. Similarly, some content
is inappropriate for underage individuals and is banned by law from featuring in social ecommerce platforms (González-Briones et al. 2018).
Moreover, there are regulations on participant privacy, anonymity, and confidentiality
that have been on the alert; therefore, there have been improved restrictions to help the
vulnerable participants protect their data from unsafe hands. However, E-commerce regulation
has been a hard task to implement since fraudsters continue to devise even more complex
methods to surpass the knowledge of regulators. Therefore there is still more to be done to
enhance security in this sector.
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References
Dalevska, N., Kravchenko, S., & Kwilinski, A. (2019). Formation of the entrepreneurship
model of e-business in the context of the introduction of information and
communication technologies.
González-Briones, A., Chamoso, P., Yoe, H., & Corchado, J. M. (2018). GreenVMAS: virtual
organization based platform for heating greenhouses using waste energy from power
plants. Sensors, 18(3), 861.
Priyanka, T., & Sudha, B. (2019). Issues and Challenges of E-Commerce in India. International
Journal of Research in Advent Technology, 7(3), 1640-1645.

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