Answer to Question #241113 in Management for Ten

Question

What are the business process for E-commerce business

formulation of the business process

Answer 1

A successful direct e-commerce program has the power to transform your business. E-commerce opens the door to a stronger brand, an energized bricks-and-mortar retail effort and, of course, a better understanding of and closer relationship with your customers. There are eight steps for E-commerce business formulation of the business process.

Firstly, we have to clarify the opportunity. This means a review of your current brand strength, web traffic, conversion rates, online pricing issues, competitor success, search engine opportunities and technology implications. The second step is exploring the business model. To succeed in e-commerce business process, you must deliver a best-in-class client know-how. This means that the creation of not only an elegant online shopping experience, but also a responsive customer call center, impeccable and timely fulfillment, and an ongoing digital communication strategy that builds loyalty.

The third step is to nail down the software investment. After nailing down the software investment then we have to simplify the integration strategy. For an E-commerce business process to be successful you need to find software approaches that reduce the number of internal platforms to be managed. Fifth, button down the software. The sixth step is exploring implementation partners. For a e-commerce to be successful it needs some potential partners. E-commerce implementations often can uncover branding and content issues along with marketing issues that need to be resolved. Another step for a successful E-commerce business formation is to shape the program vision. At this step you should also determine the budget allocations to branding, web development, content creation and traffic building efforts over a three-year period to finalize an approach to overall growth and funding.

The eighth step is to design and build the e-commerce website. This is to allow for rapid development of usable software so that the client can see the site evolve and develop it as a working tool along the way, rather than waiting until the end of the project development process.