Web-Based Brokerage System Development

Electronic Commerce (ecommerce) depends on the emergence of capabilities that empower buyers to obtain the product data they need to make informed purchase decisions, quickly and easily. Traditional physical markets are often brokered by intermediaries that facilitate market transitions by providing brokerage services. In the global Internet Electronic Brokers provide a central marketplace, and provide many essential third party services. Electronic Brokerages are regarded as the core functionality in overcoming many current limitation of Internet Commerce. Also, search costs, lack of privacy, incomplete information, contracting risk, and pricing are better managed with Electronic Brokers. However, Brokers are currently facing the problem of combining all the information within a single coherent structure through which buyers can navigate readily. This is due to the lack of interoperability standards between ecommerce applications, which leads to high costs for the brokers. The research is to design a framework for building a web-based brokerage system. The system plays a central role in allowing service providers to publish and advertise their offer and at the same time helping the consumer to access easily and in a moderate manner the offered services and information and try to solve the problem of interoperability. Consumer Buying Behavior model which consists of six stages that defines the decision process and acts of people involved in buying and using products had been applied in the design of the system. In addition to offering many essential third party services, the system offers some tasks, which simplify the functionality of brokers, which override the limitations of Internet e-commerce. Client-server communication that uses 3-tier architecture had been used to override the 2-tier limitations and enhance the security features of the system. To achieve the requirements of such as online e-commerce application Java servlets with JDBC on the server side, HTML and JavaScript on the client side are used. Unified Modeling Language (UML) had been applied in order to determine system structure and system behavior from user/system requirements. The study shows that online brokerage can replace traditional brokers with additional functionality. By designing reusable components and using certain tools will try to solve Interoperability problem between ecommerce applications. Java servlets shown as a powerful tool to be used on server side in this type of application which can help to override some limitations of Internet e-commerce

E-consulting of Small and Medium Agribusiness Enterprises: The case of eEurope Godigital application into the Peloponnese Region

This study describes the design and development of a web-based electronic training system aiming at business operations of small and medium-sized agribusiness enterprises (SMAEs). The proposed system will meet current and future needs of SMAEs for timely, accurate, and customised training removing the barriers of geographical solitude and economies of scale. The objectives of this system are: (a) to offer training and consultancy to SMAEs on how to use information and communication technologies as business tools in order to improve their operations and gain competitive advantage (b) to provide education material customised to the special needs of each SMAE, (c) to provide on-line training, advice and consultancy using special-trained operators, and (d) to provide on-line training, advice and consultancy by skilled operators who have been trained to offer those services. ETS will be an Internet-based system. The system will operate as a third-party trusted intermediate between SMAEs, consultants, and content providers. The system design will be extended to cover the needs of the programme "Training support for Go-Digital Project" funded by Greek Ministry of Development which aims to offer training and support in the usage of Internet services to 50.000 SMEs

Integration of the European market for e-finance: evidence from online brokerage

The internet revolution is said to foster integration of the market for financial services, since consumers are able to shop around at all companies worldwide and firms can easily offer their services on the internet at a minimum of distribution cost. However, the European market for online brokerage displays a different picture. Prices paid for online brokerage differ substantially across European countries. Furthermore, almost no direct cross-border activities take place, i.e. online purchases of stocks are almost always done using a domestic direct broker. It turns out that one of the most important obstacles to integration seems to be the preferences of the consumers for domestic providers. The analyses is partially based on a survey among leading European online brokers. --E-Finance,Financial Market Integration,European Union

Mobile banking as business strategy: Impact of mobile technologies on customer behaviour and its implications for banks

Mobile Commerce is gaining increasing acceptance amongst various sections of the society. This growth can be partly traced back to technological and demographical developments that have been influencing important aspects of the socio-cultural behaviour in today's world. The need/wish for mobility seems to be the driving force behind Mobile Commerce in general. Mobile Banking, availment of bank-related financial services via mobile devices, builds a cornerstone of Mobile Commerce. An empirical survey of customer acceptance conducted within the frame of our research clearly reveals a major, growing interest in Mobile Banking. However, since the degree of interest and the willingness to pay vary for individual services, it seems to be necessary to design specific services taking the needs and wishes of relevant target groups into consideration. Banks ought to therefore employ mobile channels with a clear business-focus. This paper examines the opportunities for banks to generate revenues by offering value-added, innovative mobile financial services while retaining and even extending their base of technology-savvy customers. --Mobile Commerce,Mobile Banking,Mobile Financial Services,Multi-channel Strategy

A participatory design approach for the development of support environments in eGovernment services to citizens

The introduction of eGovernment services and applications leads to major changes in the structure and operation of public administrations. In this paper we describe the work in progress in an Italian project called “SPO.T.” aimed at the analysis, development, deployment and evaluation of tools and environments to support the people who plan, deliver, use and evaluate user-centred provision of One-Stop-Shop services to citizens. The “SPO.T.” project has focused on two requirements: 1. the support tools and environments must facilitate the active involvement of all stakeholders in the definition and evolution of eGovernment applications and services, and it is argued that through participatory design changes of structure, process and culture can be delivered effectively; 2. they must embody a set of architecturally coherent resources which reflect the new roles and relationships of public administration and which are sufficiently generic to be relevant to a wide range of local contexts across the community

E-BUSINESS AND GLOBAL SOURCING – INFERENCES FROM SECURITIES EXCHANGES

This paper sets out a conceptual model that describes how the configuration of relevant geographic markets might change as electronic “gateways” or portals challenge conventional markets. It then considers the main conceptual inferences against the experience of securities markets. Consideration of empirical evidence suggests that e-business will lead to expanded geographic markets, although the pace and extent of the expansion might be slower and less dramatic, even in the long- run, than early enthusiasts of e-business may have anticipated.geographic markets, securities markets, e-business

Consumer Adoption of Online Banking: Does Distance Matter?

This paper tests whether consumer adoption of online banking is affected by the distance to one's bank branch. During the last decade, rapid diffusion of the Internet has dramatically changed the ways consumers conduct every-day businesses. An important trend in the rapid increase of Internet use among U.S. households is the use of the Internet for accessing financial accounts and paying bills. I estimate a logit model for online banking use with household level data from the U.S. for 1998 and 2001. In order to correct for the possible endogeneity of distance to one's bank, I use instrumental variables in a logit framework by following the control function approach suggested by Petrin and Train (2002). I find that distance to the closest bank branch does not affect the likelihood of online banking use by a household. The type of financial account that one has with her financial institution, however, is a significant predictor of online banking use, implying that households are likely to use the online provision more for some accounts than others. The results suggest that online channels may be viewed as a supplement to other more traditional channels. I also find that the impacts of various individual and bank-specific characteristics on online banking use have changed from 1998 to 2001. This is not surprising given the rapid diffusion of the Internet in the late 1990s, and the corresponding rise in the availability, acceptance and familiarity of the Internet as an additional business channel.

E-commerce and its impact in logistic management: A state of art

Logistics management is defined as that part of the supply chain process that plans, implements, and controls the efficient, effective flow and storage of goods, services, and related information from the point of origin to the point of consumption in order to meet customers' requirements. Traditional logistical issues may be amplified by an e-commerce venture. Adopting e-commerce may greatly expand the marketplace. The organization needs to be concerned with its ability to deliver its product to potential customers. Realizing the importance of E-commerce in logistic management, an attempt has been made in this paper to review the existing literature with the objective to gain insights into the impact of E-commerce in logistic management. The advantages of the E-commerce in logistic management are offered. Finally, summary of findings and calculations are presented

Internet Entrepreneurship: Networks and Performance of Internet Ventures In China

This article examines the contingent value of entrepreneurs' networks to survival likelihood of Internet ventures, and the dynamics of entrepreneurs' networks over time. The empirical data are composed of the longitudinal surveys of 94 Internet ventures in Beijing, China. The study found the positive and the negative contingent effects of structural holes on the survival likelihood of new firms. The study found that networking skills of entrepreneurs are associated positively with the changes in networks over time. Improved social skills lead to greater firm legitimacy.http://deepblue.lib.umich.edu/bitstream/2027.42/40139/3/wp753.pd