Market and Economic Pressures
1. Strong competition: Now
competitions the part of any business and companies are implementing new
techniques every day to bear their competitors. E-Commerce is one of the tools
of recent days, which is adopted by the companies.
2. Global Economy: In Present
Scenario world becomes a global village and there are standard patters in
market for business, so every country must follow these norms. There is huge
gap between the growth rate of developed and developing nation, so more and
more developed nations are investing in every part of world. E-Commerce is the
need of such a scenario.
3. Extremely Low Labour Cost in
Some Countries: Now this the common feature of business that companies are
having manufacturing units in one are of the world and the same products is
marketed in other part of the world. Definitely some medium is required to
maintain it and e commerce is providing such medium.
4. Frequent Changes in Market
demands: As we discussed above that the age of techolnology so any change which
takes place in part of the world, rapidly reflects every where so e-commerce it
the tool which is necessary to sustain in present fast changing world.
5. Increase Expectation of
Consumers: The expectation of consumers about quality and services are very
high, so it works like driving force for e-commerce.
6. Awareness Among Consumers:
Awareness Among Consumers: Now consumers are well aware. Internet, print media
and electronic media keep update the consumers about new products and their
rates.
Societal And Environmental
Pressures
1. Government Regulations:
Every country have its own rules and regulations but now a days almost every
country have well defined cyber laws which provides a right environment for the
e commerce.
2. Reductions in Government
subsidies: Now world is very open, some countries provides lot of rebate in tax
and in other forms to do business. But some other countries reducing the soaps
for business. E-commerce provides the opportunity to take these challenges.
3. Rapid Political Changes:
Whenever government changes n any country there are some changes in guidelines
and polices towards the business. It is also work as driving force for the
e-commerce.
Technological Pressures
Rapid Technological Changes:
Technology is the factor, which provides e-commerce an opportunity to become
and perfect solution for business.
New Technologies: New and
secure technology available in the market, which provides an easy, cheap and
secure platform for the e-commerce.
Information Overload: By using
e-commerce we can easily efficiently manage information about the product and
other business related things. This is a cheap and secure medium for managing
important information.
Digital Convergence: The
digital revolution has made it possible for digital devices to communicate with
one another. The Internet's massive growth during the past decades- a creation
of market forces- will continue. Steady increase in computer power and
decreasing cost made navigation on the internet.
