E-Business vs Traditional Business: Key Differences Explained môn Marketing căn bản | Trường đại học Mở Hà Nội

lOMoAR cPSD| 47708777 Good day, everyone My name is Thinh
I’d like to take this opportunity to talk about the E-Business and tell you about the
different between E-Business and Traditional business. If you have any questions,
you can ask our group at the end of the presentation. Chuyển
This is our group. My group has 3 people. Nguyễn Minh Dương, Vũ Thị Thu Huyền and Nguyen Minh Thinh Chuyển
My presentation divided into 2 main parts. First of all, I’ll look at the definition of
E-business. Next, I’ll focus on the different of e-business and traditional business CHUYỂN
OK, so let’s get started with the first one with the presentation of Vu Thi Thu Huyen
To continue the presentation, let’s move on to talk about the � � � � � � � � � � � � � � � � �
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E-businesses have the advantage of being able to collect and analyze large amounts
of data about their customers and their preferences. This information can be used
to improve the customer experience and tailor products and services to meet their
specific needs. Traditional businesses may not have access to this type of data or
may find it difficult to collect and analyze it.
Next, …. � � � � � � � � � � � � � � � � � � �
In a traditional business, the interaction between buyers and sellers is direct, i.e.
face to face . Customers can physically interact with products before making a
purchase, which can provide a sense of reassurance and satisfaction. In contrast,
there is indirect customer interaction in ebusiness, it may be possible that the lOMoAR cPSD| 47708777
customer is miles away from where they place an order for the purchase of goods. e-businesses
also struggle to provide this level of reassurance, leading to concerns about product quality and authenticity.
Now, onto the next point: Human Resources
In E-business, technically qualified and IT professional are needed to run an online
business, whereas Traditional business just need semi-skilled and skill human
resources. They can run the system smoothly.
And the last one is… Shipping and Logistics
The delivery of goods is immediate in traditional business, but in the case of e-
business, the�goods�are�delivered�at�the�customer’s�place,�after�some�time,� usually within a week.
With a traditional business, even if you sell products, your biggest challenge is in getting items
to your store so you can sell them. But even traditional businesses now feel pressured to sell
their items online, which means they’ll have to line up shipping for that. Still, in a store
environment you’ll have to worry about issues like shoplifting and product damage as customers
come through your business every day.
Online businesses face ongoing challenges related to getting products in the hands of customers
quickly. Competition from big-box retailers like Amazon means it’s no longer enough to get an
item to customers in five days to a week. You’ll also deal with the logistics of returns, as
customers purchase multiple items to try them out, then return them, forcing you to issue refunds
and put items back into inventory.
In conclusion, both traditional business and e-business have their unique
advantages and disadvantages. Traditional businesses have a physical presence that
allows customers to interact with products before making a purchase, while
ebusinesses have the advantage of being able to reach a global audience and
operate with lower overhead costs. Choosing the right business model depends on
various factors such as the target audience, the type of product or service offered,
and the entrepreneur's goals and resources. Ultimately, it is up to the entrepreneur
to decide which model best suits their business needs and goals. lOMoAR cPSD| 47708777
That concludes my talk for today. I hope you found this presentation useful
and interesting. I’d like to thank you for taking time out to listen to our presentation.