E-Commerce and E-Business Fundamentals (Business Report on WH SMITHS) Essay

E-Commerce and E-Business Fundamentals (Business Report on WH SMITHS) - Essay Example In addition, the corporations that cater to the requirements of media are more probable to obtain regular coverage as well as minimize the potential for errors in published stories. Moreover, the online press rooms are working as hubs for organizations, presetting the product information, latest news and visual elements to facilitate them better recognize products and services. In the scenario to enhance the online business corporations are now trying redevelop their business strategies. This report presents a detailed analysis of WH Smiths web based business re-development process and expected potential enhancements. Additionally, this report will offer a new and much better online strategy regarding the potential enhancement in the customary online business practice of the WH Smiths. This report will also present suggestions that can enhance the WH Smiths business and offer better competitive edge to the business. Business industry is by no means an exception to internet mania in view of the fact that, with the passage of time, the online business is turning out to be an exhortation. The online business means that people can buy and pay from home and even while sitting in their bedroom via an internet equipped PC or laptop. The universal wave of information technologies (ITs) development and implementation has turned out to be a driving force in approximately every part of human job. In this scenario, the internet that is a main element of this global wave has been transformed into a double-edged weapon offering a lot of opportunities, facilities, tools, and capabilities to individuals and corporations (Salifu, 2008). Liam (2009) stated that growing amount of people who make use of the internet is showing to be a boon intended for businesses that are interested in expanding their reach to the online community. Additionally, the huge number of internet clients shows a huge potential customer b ase that is there

The Business Environment of European Union Research Paper

The Business Environment of European Union - Research Paper Example With the formation of the European Union, all the member states are required to follow the EC 92 as the Single European Act. The single European act was a step closer to the goal of economic integration. Economic integration has revolutionized all the laws and regulations and has changed the whole business environment in most of the member states. With the dismissal of the trade barriers the European act also proposed an array of commercial policies including single European standards for goods produced. This has given rise to difficulties for the companies producing below the standards as they are faced with the challenges of technology upgrade and quality advancement while keeping the prices competitive due to increased competition. For example in the Italian textile industry producers are struggling to keep under priced clothes from flooding the Italian market, designer label brands are waging another battle - against imitations, or "knockoffs", as they are known in the trade. (Italian designers, 2005) Most of the fakes come from China or other Asian countries with low labor costs and no concern for social services, welfare and pollution control. Although the Italian sector is currently facing unprecedented challenges these challenges can be faced only by innovation. These include the abolition of quantitative restrictions (quotas) which took place on 1st January 2005. These challenges are occurring in a period of marked slowdown in economic activity, which has a significant impact on sectors such as textiles and clothing. Furthermore, at the same time, the Euro has shown a significant upward trend against the US dollar. All in all, every segment of textiles and clothing production, from spinning and weaving to garment make-up, has in one way or the other suffered from the impact of the developments of the last few years. (Textiles and clothing sector in the EU-25) The years 2001-2004 have been particularly difficult for the industry. After substantial falls in production and employment in the previous three years, it is estimated that in 2003 production fell by a further 4.4% and employment by 7.1% (EU-25, source: Eurostat). The trade deficit (EU-25) amounted to 29.4 billion in 2003, the trade in textiles reaching a surplus of 3.7 billion and the deficit in clothing 33.1 billion. The European Union was expanded in May 2004 having 25 members. The aim of the creation of the union was to create the most competitive and dynamic knowledge-based economy in the world, capable of substantial economic growth with more, and better, jobs and greater social cohesion (Elizabeth Hunt Recruitment). All the member states of the EU have to follow common trade and employment laws, which on the one hand provided them with the ease of free trade and larger availability of workforce and a vast product market on the other.