Market Opportunities in E-Commerce, South Africa

Market Research Report On Analysing Online Retail Possibilities For South African Businesses Prepared by Asaad Manjoo Contents Chapter 1: Introduction 1.1 Aim of the research study 1.2 Problem Statement and Objectives 1.3 Literature study†¦show more content†¦The secondary objectives are: †¢To determine consumer trends in online shopping in. †¢To identify the most successful online retailers. †¢To identify the key factors that helped make these retailers successful. †¢To identify the advantages and disadvantages of online retailing as opposed to traditional retailing. 1.3 Literature study This study is encompassed around the E-commerce sector in the business field. E-commerce is the buying and selling of goods on the Internet. Through this channel, we have various different types of transactions but the one that is dealt with in this study is retailing otherwise known as e-tailing. The world as we know it is constantly changing, technology is getting more advanced daily and the effects this has on the lives of people on a daily basis is immense. Historical evidence of the motor-vehicle shows the effect of technology on mankind. Today the Internet is shaping the world and connecting it in ways that people half a century ago would never dream of. The Internet is filled with endless possibilities forShow MoreRelatedMarket Opportunities in E-Commerce, South Africa11779 Words   |  48 PagesMarket Research Report On Analysing Online Retail Possibilities For South African Businesses Prepared by Asaad Manjoo Contents Chapter 1: Introduction 1.1 Aim of the research study 1.2 Problem Statement and Objectives Read MoreWalmart : A Global Market2336 Words   |  10 Pagesgrowth in the United States. To continue to grow and to remain a competitor in the retail discount industry Walmart has to become a global market. 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The IT sector mainly includes the startups based on Consumer Internet, ads, payments, analytics, cloud services, SaaSRead More Internet - Challenges of B2B and B2C E-commerce Essay1291 Words   |  6 Pagesand B2C E-commerce E-commerce â€Å"is the exchange of money for goods or services between companies and/or end consumers† (Hemond-Wilson). The most common image of e-commerce â€Å"is that of a web-based catalogue from which buyers can order products and the sellers can receive payment† (Hemond-Wilson). E-commerce has two main forms, which are business-to-business, and business to consumer. B2B e-commerce â€Å"is business which is conducted between businesses via some electronic means† and B2C e-commerceRead MoreIs It Possible For The Uae?1437 Words   |  6 PagesDubizzle location Kampoart For Me compareit4me.com and Eureka Eureeca.com and Vcher Fetchr and Joe NAPT GoNabit and Gado Badu JadoPado and Just Falafel Just Falafel and raking Nabbesh location property finder propertyfinder.ae and market Souq, to name a few. According to the report published by the flash in 2015 for leadership in some countries, almost 60 percent of all supporting institutions for Entrepreneurship was created in the UAE in the last four years, after he revealed Market Opportunities in E-Commerce, South Africa Market Research Report On Analysing Online Retail Possibilities For South African Businesses Prepared by Asaad Manjoo Contents Chapter 1: Introduction 1.1 Aim of the research study 1.2 Problem Statement and Objectives 1.3 Literature study†¦show more content†¦1.1 Aim of the research study Online shopping has been a growing phenomenon all over the world especially among countries with well-developed infrastructure with marketing activities over the Internet (Kau, Tang amp; Ghose, 2003 ). Hawkins, Best amp; Coney (2001:592) are of the opinion that Internet sales will increase rapidly in years to come. Today we live in an age where the Internet has become an important medium for people in their daily lives. The Internet is an effective and efficient way to communicate with people, to manage banking transactions and to purchase goods and services. While the old way of going to a shop to get the feel and touch of a product before purchasing it is still nice, for certain services like booking airline or concert tickets have made the process much easier and efficient. Although predictions have been made on the future of online shopping and the increased growth in sales, the question arises as to why don’t more South African businesses utilise this market? This question can go hand in hand with another question: Why do consumers in South Africa still prefer shopping at a shopping mall as opposed to the convenient way of shopping online? In order for South African businesses to retail their respective products or services online, there needs to be a profitable market of users for the respective businesses toShow MoreRelatedMarket Opportunities in E-Commerce, South Africa11786 Words   |  48 PagesMarket Research Report On Analysing Online Retail Possibilities For South African Businesses Prepared by Asaad Manjoo Contents Chapter 1: Introduction 1.1 Aim of the research study 1.2 Problem Statement and Objectives Read MoreWalmart : A Global Market2336 Words   |  10 Pagesgrowth in the United States. To continue to grow and to remain a competitor in the retail discount industry Walmart has to become a global market. 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Between the more prominent points in the study are the flourishing in job formation in the telecommunicationsRead MoreImportance of E-commerce in Modern Business1176 Words   |  5 PagesTable of Contents Definition and types of E-commerce 3 E-commerce payment systems 3-4 Importance of E-commerce in modern business 3 Conclusion 7 Recommendation 7 References 8 E-Commerce refers to the buying and selling of products and services over electronic systems like the internet and other computer networks. This system depends on technologies like electronic funds transfer, supply chain management, internet marketing, online transactionsRead MoreSamsung Swot Analysis1456 Words   |  6 PagesCompany Background: Samsung is a South Korean multinational company those beginning its business as a tiny commerce company and right now turning into world largest corporation. The corporate deals with its business in many sectors like advance technology, finance, petrochemical, semiconductors, plant construction, skyscraper, medicine, fashion, hotels, chemical and others. The corporate was established in 1969 in Suwon, South Korea and notable globally for its electronic merchandise (Kelly, 2011)Read MoreReport On Competitive Strengths Through E Commerce Essay1768 Words   |  8 Pages BG004 E- Commerce in Modern Global Economy Report on Competitive Strengths through e-commerce Individual Assignment By Bhupinder Kaur Student ID: i144413 Date: 5th Nov 2014 Lecturer: Mr. Wilfred Kurukulasuriya Contents Abstract 3 Introduction 3 E-commerce Opportunities and Challenges 4 Operational requirements 6 Hardware, Software Technology 7 FindingsRead MoreSupply Chain Management1259 Words   |  5 PagesIntroduction Supply chain management is a valuable practice whose purpose is to offer businesses a competitive advantage in the market place. According to Jacoby, D. (2010), some companies like Walmart and Dell have applied this system to gain a competitive advantage in the market while others have failed to apply it owing to its complexity. Companies require adequate and accurate information about all the players in the chain management in order for them to meet their consumers, demands whileRead MoreIndia s Impact On India Essay1748 Words   |  7 PagesIn recent years, the Information technology sector has really taken-off and boomed up due to various factors such as enormous funding, alliance activities, revolutionarising technology and a rapid increasing domestic market. India had 3100 startups in 2014, its being predicted to increase to 12000 by 2020. The startups in the IT sector has a large contribution in number of startups. The IT sector mainly includes the startups based on Consumer Internet, ads, payments, analytics, cloud services, SaaSRead More Internet - Challenges of B2B and B2C E-commerce Essay1291 Words   |  6 Pagesand B2C E-commerce E-commerce â€Å"is the exchange of money for goods or services between companies and/or end consumers† (Hemond-Wilson). The most common image of e-commerce â€Å"is that of a web-based catalogue from which buyers can order products and the sellers can receive payment† (Hemond-Wilson). E-commerce has two main forms, which are business-to-business, and business to consumer. B2B e-commerce â€Å"is business which is conducted between businesses via some electronic means† and B2C e-commerceRead MoreIs It Possible For The Uae?1437 Words   |  6 PagesDubizzle location Kampoart For Me compareit4me.com and Eureka Eureeca.com and Vcher Fetchr and Joe NAPT GoNabit and Gado Badu JadoPado and Just Falafel Just Falafel and raking Nabbesh location property finder propertyfinder.ae and market Souq, to name a few. According to the report published by the flash in 2015 for leadership in some countries, almost 60 percent of all supporting institutions for Entrepreneurship was created in the UAE in the last four years, after he revealed