week7

Explore traditional businesses that have moved to digital firm and how globalization has changed their way to do business?

Local perfume from Indonesia making a good market in Albukhary International University; one of the Malaysian University is the good example of globalization in traditional business. Either it is big trade which deals with millions dollars or small which only do 100 dollars, if it’s international then it is called globalization on business.

 The Susi restaurant which started its business from Japan now sale’s its food in America, Canada, Malaysia, Singapore, and so on through venture. The Proton car from Malaysia is running on the road of India, Nepal, Ireland, and so on. The Ebay online shopping center is doing its business all around the world which started from California (USA) through only online. These are some examples which are really popular in the present context.

Now the question may be rise how is it possible???

 Fig no 1: Online business center .

Fig no 2: online Business portal

Fig no3: Online shop

These are some example traditional business that went to digital firm and become successful currently. Some years before, if anyone wants to start his business he has to go through lots of problems. For example: To put on a fancy cloth shop. Firstly, s/he has to find a fine room near the road side where public can access the shop easily, recruit some staff, pay high amount of money to advertisement agency, and pay tax to the government. To set up a shop is really a clumsy and hectic stuff. But digital firm have totally change the situation.

 Core business processes are accomplished through digital networks spanning the entire organization or linking multiple organizations. E-business: use of digital technology and the Internet to execute the major business processes in the enterprise. E-commerce: part of e-business that deals with the buying and selling of goods and services over the Internet

According to the eMarketer (2010) “Online consumer sales grew to an estimated $225billion in 2010, 12% increase over 2009. Approximately 80Million households have broadband access to the Internet, around 63M use social network, 43M do online banking, and 38M watch an online video”. We can see each year millions of people are accessing e-commerce business. Thus we can say that globalization has totally changed the normal business form to digital firm.

Types of e-Commerce:

–      Business-to-consumer (B2C)

–      Business-to-business (B2B)

–      Consumer-to-consumer (C2C)

References: 

1) nepbay. (undefined). www.bazar.nepbay.com. In nebay. Retrieved Sunday 17 March 2013, 

from http://bazar.nepbay.com/.

2)  lazda.(undifined). www.lazada.com.my. In Lazda. Retrieved 17 March 2013, 

from http://www.lazada.com.my/.

3) ebay. (undefined). www.ebay.com. In ebay. Retrieved Sunday 17 March 2013,

 from http://ebay.com/.