overtake the traditional business transactions is evident globally. Businesses need to adapt to the changes and have been rightly doing so. For the 21st century managers, however, it is important to recognise the challenges that come with the advents of e- commerce. The major challenges have been discussed in the report. Based on the challenges, we recommend few strategic moves forward the managers:
1. Brand-user interaction: we must
not forget that building strong brands is possible by meaningful buyer-seller integration. E- commerce seek to replace human interaction in great intensity. Organisations must blend human interactions with machine interactions for customers to have greater experience.
2. Interactive user interface
design: The enhance the experience of the human-machine interaction in e-commerce, managers must design their user interfaces in an engaging manner. Customer engagement in online platform is possible through great interface design. The more interactive the digital marketplace, the better the customer satisfaction. 3. Digital security: As more and more e- commerce platforms are emerging, it is important take care of the customer security during online transactions. In the vast world of online payment systems, the more frequent are the transactions, the more susceptible it become to online theft. Companies must build secure digital infrastructures to protect customer’s financial informations.
4. Builds supportive supply chain:
Large e-commerce networks require to build large delivery support system. Similar to Amazon and Alibaba, all the e-commerce platform must recruit and engage supply chain partners so that they understand the quality parameters of the organisation . From inventory management to logistics management, tighter control is required in order to create customer value. 5. Integrating social media-led transactions: Facebook alone is a marketplace of of more than 2 billion people. For many small and medium enterprises, social media transactions remain the most popular source of e-commerce. All business organisations must pay heed to this as social media has the potential to become the largest alternative marketplace. Many organisations have already integrated multiple payment gateways with social media.