WebSites Review

http://www.groupsmore.com/all-deals

http://www.jackcow.com/account/login.php

http://www.milkadeal.com/page/how-it-works

http://www.superdeals.my/restaurant/siam62-thai-food.html


The websites that are mentioned above are some of the few exhilarating E-commerce websites that can be provided online. Not only do they make great sales with mind-blowing discounts, but are capable of winning customer loyalty.

The user interface of all websites mentioned are the best features it has. The part where it is user friendly is the part it actually makes the website an eye catcher on the first glance by a consumer or a speculator in this case. This is a very sure reason to make a user to constantly keep in touch with the website and its updates. This is a huge achievement for the organizations in this scenario because the main purpose for any E- commerce website is to find viewers, which is a huge deal in this case, especially to those who find it an issue to promote the organization per se. In this way it makes the company liable to do business in terms of B2B or B2C either way, they make full profit increasing the revenue.

All these mentioned websites have a thing or two in common one of which is to sell their items and services for the good of people. True there are actually a few in-comprehensive functions such as they contrast in terms of their search tools in terms of information consuming and retrieval. Few of these websites require a user to register in order to browse through the pages others require a simple click towards the “like” on Facebook.
In my opinion if I were to rank these websites, I would give a first place ranking to superdeal.com for its attractive layout, followed by milkadeal.com, groupsmore.com a perfect third position. However lastly but not the least comes in jack cows.com
The reason for my choice in superdeal.com as a first place choice is for the sole purpose of the layout that was created and for the fact that it is one of the most user friendly websites that have been browsed by compared to the other four. Not mentioning any hate for the rest three, which are equally good. There comes a point where the user- interface is most suited up and comfy to use as the access to its information is prior to a “like” on Facebook which more than enough suffices.

Another question that probably lingers through everyone’s mind is what if there are people who do not use Facebook. The answer to that is, in the modern era over 71.99% people use Facebook, which is more than enough gullible in my perspective to the remnants. It would be a good chance to broaden their horizons to come and join the world of Facebook.
Once again it would be better to mention that. It is not that the other three websites are useless. It is just that the remaining uses another method of logging in which is by registering, this consumes a lot of time and energy by filling such long useless user agreements which in many cases users do not tend to read.

In my conclusion all I would like to say is that, anyone can open an E- commerce website with a few clicks and little twists and turns, however, it is in fact the user friendliness and comfortability in using such websites that is capable of earning or losing customer loyalty and trust.

DIGITAL ECONOMY

Digital Economy is defined as "An economy that is based on electronic commerce, e.g., trade on the Internet. (glossaryofmarketing.com, 2011)

Digital technologies are transforming business, organizations, & society. E.g." The RCUK Digital economy programme is supporting research to understand how the novel design & use of digital technologies can contribute to an innovative, healthy economy & inclusive society. The RCUK organization is also researching on the hospital of the future, digital schools, & parks etc." (rcukdigitaleconomy.org.uk, 2011)

So far, digital economy is a useful process in which people are buying & selling online which is also known as E-Commerce or Electronic Commerce. E commerce is a benefited business process through which people can not only buy or sell through internet in the country where they are living but they can also do business all over the world where this technology is available for the growth of Digital Economy. The new generation is a bit lazy & they want their needs to be fulfilled with ease or sitting at home. E – Commerce is helping the new era & also growing the economy.

With growing population and resource mobilization, digital economy is not limited to business trading & services, this phenomenon is providing the services to government, hospitals, schools, and many other small or big organizations.

OLD ECONOMY VS NEW ECONOMY
1. Old economy requires control but the new economy requires Collaboration.
2. Old economy is/was predictive but the new Economy is more experimental.
3. Clear boundaries & definition were the main aspects of old economy, where shifting borders & consensus meaning are aspects of New Economy.
4. Value is measureable in Old Economy but the value is emergent in New economy.
5. Another factor is that the Old Economy is assembly line focused while the New Economy is community focused.
(wistechnology.com, 2011)

Example

An example of online trading is Dell organization, they are selling their hardware through E-Commerce and dell organization is also a virtual organization because they are doing business online. Dell Corp. gives discount if an individual or organizations do business online. It is giving an ease to this era, which is efficient, eligible, & faster way to buy the products online. Another benefit of doing business with dell.com online is that there is no problem for the buyers to deal with the retailers or other problems like before.


REFERENCES
Available at http://www.glossaryofmarketing.com/definition/digital-economy.html

Available at http://www.rcukdigitaleconomy.org.uk/home/what-is-digital-economy.html

Available at http://wistechnology.com/articles/557/

INFORMATION SYSTEM

An information system is “A combination of hardware, software, infrastructure & trained personal organized to facilitate planning, control, coordination & decision making in an organization. (Businessdictionary.com, 2011)

Explanation of IS

In this era, an Information system plays an important role in an organization because it makes work easy, secure & efficient and also it helps the organization to lessen the mistakes and boost up the work. In this modern world, there are a variety of requirements for information in the organization. For example, senior managers need information to help with their business planning. Middle management needs more detailed information to monitor and control the business activities in order to provide a perfect system.

As it is clear from the above explanation, that information helps the organization to provide the significant information to different levels of the organization. In other words, Information systems are created to utilize & design the work (probably like databases) for decision making at the end.

(tutor2u.net, 2011)

EXAMPLE OF INFORMATION SYSTEM

Anything that can generate reports detailing the day to day, monthly, quarterly or annual operations. Think of a sales team of 10 employees who make commission monthly on all closed sales for the previous month, IS would have the ability to generate a report detailing the info required to accurately determine the correct compensation. Some IS depts. also help in auditing, quality control, and even mergers. (Wiki.answers.com, 2011)

TYPES OF INFORMATION SYSTEM

Information systems have four major categories which are defined and summarized below:

Executive Support System (ESS): An Executive Support System (ESS) “is designed to help senior management make strategic decisions. It analyses, gathers and summarises the key internal and external information used in the business.” (tutor2u.net, 2011)

Transactions Processing System (TPS): As the name implies, Transaction Processing Systems ("TPS") are designed to process routine transactions efficiently and accurately. A business will have several (sometimes many) TPS for example:

- Billing systems to send invoices to customers
- Systems to calculate the weekly and monthly payroll and tax payments
- Production and purchasing systems to calculate raw material requirements
- Stock control systems to process all movements into, within and out of the business

(tutor2u.net, 2011)

Management Information System (MIS): A management information system (MIS) is mainly concerned with internal sources of information. MIS usually take data from the transaction processing systems (see below) and summarise it into a series of management reports. (tutor2u.net, 2011)

Decision Support System (DSS): Decision Support System is “designed to provide assistance in determining & evaluating alternative courses of action. A DSS acquires data from the mass of routine transactions of a firm, analyses it with advanced statistical techniques to extract meaningful information and narrows down the range of choices by applying rules based on decision theory.” (Businessdictionary.com, 2011)

There are other information systems but these are the major and known categories of information systems.

REFRENCES

http://wiki.answers.com/Q/Example_of_information_system#ixzz1KjOme5N5

http://tutor2u.net/business/ict/intro_information_system_types.htm

http://www.businessdictionary.com/definition/decision-support-system-DSS.html