E-marketplace, E-mall, E-tailing Essay - 1125 Words

Introduction: There are various electronic commerce activities and mechanisms. E-Commerce Activities and Mechanisms include the following but not limited to: E-Market Place: It is an online market usually B2B where buyers and sellers exchange goods or services. EC transactions take place in the electronic equivalent of a mall called the electronic marketplace (e-marketplace). Electronic marketplaces utilize different tools (electronic shopping cart, e-catalog, fulfillment technologies, and checkout and payment mechanisms) to provide the equivalent brick and mortar shopping tools. Types of Electronic Market Places: 1. Electronic Storefronts: A single companys website where products and services are sold. Example: Walmart†¦show more content†¦A currency converter is particularly useful, whether you have it as part of your script, or as an additional tool. Planet Management, a payment processor who offers international payments, reports that ecommerce stores who use their service to offer multiple currencies increase international sales by up to 25 percent. Techniques: According to Miller (2000), Business approaches and broad range of technology tools that are used to support collaborative product definition management (cPDm) initiatives are having a tremendous impact on the ways companies operate. A major change in enterprise computing is underway as companies apply best-practice processes in combination with a wide range of technologies including product data management, collaboration, visualization, collaborative product commerce, enterprise applications integration, component supplier management, and others. The pace of improvements in cPDm-related technologies continues to accelerate, and companies use these tools to implement process change faster than ever. Whereas not long ago, companies were talking about three- and five-year plans for implementing data management systems; they now are asking what results to expect in six months or less. This represents a significant step forward in industry and a strong emerging movement that is becoming an essential element for companies to successfully compete in the 21st century (Miller,Show MoreRelatedMy Semester Of Learning For Msmit Degree At Sul Livan University1051 Words   |  5 Pages‘Kaagaz’. I would like to share one example here. I own a corporate gifting company by name ‘Kaagaz’ which is a startup, located in Bangalore city of India. It is a very small company which was known only to few locals 3 months back. As I started learning E-commerce course, I understood how important a website is for marketing a company. It is stated that the two main objectives of online marketing are brand development and direct response (D. K. Gangeshwer, 2013). So, I hired few people to create a websiteRead MoreAn Analysis of Chinaa E-Commerce Industry1488 Words   |  6 PagesAnalysis of China’s E-Commerce Industry Introduction A little more than 10 years ago, China’s path to e-commerce leadership would have been difficult to foresee, even as the tech boom in the US and other markets saw the development of e-commerce as an important B2C and C2C channel. In 2000, China had yet to develop any e-commerce applications, and had only 2.1 million total internet users. Payment systems and physical delivery mechanisms to facilitate the development of e-commerce transactionsRead MoreRetailing in Electronic Commerce: Products and Services6206 Words   |  25 Pageselectronic retailing (e-tailing) and its characteristics. 2. Define and describe the primary e-tailing business models. 3. Describe how online travel and tourism services operate and their impact on the industry. 4. 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A lot of decisions will be made based on social networkingRead MoreCustomer Fulfillment in the Digital Economy Amazon.Com5560 Words   |  23 PagesCustomer Fulfillment in the Digital Economy Amazon.com E-tail Customer Fulfillment Networks Pioneer â€Å"The logistics of distribution Scorecard are the iceberg below the waterline of online bookselling.†1 B-web type —Jeff Bezos, founder and CEO, Amazon.com †¢ Aggregation (e-tail) /Agora (auctions, Zshops) hybrid model KEY PARTICIPANTS â€Å"Ten years from now, no one will remember whether Consumers and business buyers Context providers †¢ †¢ Content providers Read MoreDeluxe: How Luxury Lost Its Luster Essay2146 Words   |  9 Pageshas received awards for her outstanding achievements including the Ellis Haller Award. She is a family oriented individual who resides in Paris with her husband, Herve, and daughter, Lucie Lee. (Thomas, â€Å"About the Author†) â€Å"Today, the luxury marketplace would be virtually unrecognizable to the old-world elite.† Thomas reveals the true goals of the luxury conglomerates that have taken over and how luxury executives started to target the middle market in the 80’s. â€Å"†¦Growth became not merely a priorityRead Moremarketing questions13877 Words   |  56 Pagesc. primary data system d. marketing decision support system e. database marketing system       ____  Ã‚  Ã‚   2.  Ã‚   The function of _____ is to address what if questions. It entails planning, collecting, and analyzing data relevant to marketing decision making, and the communication of the results of this analysis to management. a. data collection b. proactive marketing management c. decision support d. marketing research e. single-source research       ____  Ã‚  Ã‚   3.  Ã‚   Marketing researchRead MoreE-Commerce Test Questions6617 Words   |  27 Pages|[pic] |c. implementation difficulties. | | |[pic] |d. lack of technology skills. | | Incorrect Marks for this submission: 0/1. Question 2 B Marks: 1 Because the pace of change and level of uncertainty in the marketplace are expected to accelerate, organizations are Choose one answer. |[pic] |a. unable to react quickly enough to threats and opportunities. | | |[pic] |b. operating under increasing pressuresRead MoreHow Can Amazon Use Positioning to Create a Strong Brand Identity in the Next 5 Years?17302 Words   |  70 Pagesthey also offer these products for a pleasantly surprising price. The broad range together with the positively surprising price qualifies them as a high-value brand. In their wide range of brands they have also produced their own product the Kindle e-reader making them grow from retailer to manufacturer. Next to their own product with their brand name they also own private labels, these are registered under a different name but are linked completely to Amazon and only sold by Amazon. The next couple

International Business - 1198 Words

Test 3: Chapter 5 and 6 - Attempt 1 ------------------------------------------------- Top of Form Question 1 Marks: --/1 Parochialism is ________. Choose one answer. | a. recognition of diverse religious beliefs | | | b. a desire to leave one s own culture for a foreign culture | | | c. a tendency to view the world through a single perspective | | | d. acceptance of diverse points of view | | Question 2 Marks: --/1 ________ is a national culture attribute that places a high value on future occurrences. Choose one answer. | a. Leisure orientation | | | b. Power distance | | | c. Long-term orientation | | | d. Uncertainty avoidance | | Question 3 Marks: --/1 Which of the following†¦show more content†¦brokering agreement | | Question 12 Marks: --/1 First Visit Abroad (Scenario) Bill Sanderson is halfway over the Atlantic and is excited about his first European business trip. Bill is confident about this trip but is somewhat concerned about the strange habits and foreign languages he will encounter. If only they would just speak English like everyone else! Bill thinks. If Bill is to become successful as a global manager, he must ________. Choose one answer. | a. compete internationally but remain in the United States | | | b. learn and accept other cultures | | | c. attempt to change other cultures to American ways | | | d. learn to manipulate other business cultures | | Question 13 Marks: --/1 First Visit Abroad (Scenario) Bill Sanderson is halfway over the Atlantic and is excited about his first European business trip. Bill is confident about this trip but is somewhat concerned about the strange habits and foreign languages he will encounter. If only they would just speak English like everyone else! Bill thinks. Bill s tendency to view the world only through his U.S.-based perspective is an international business problem known as which of the following? 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Financial Ratio and Costco free essay sample

What is competition like in the North American wholesale club industry? Which of the fi ve competitive forces is strongest and why? Use the information in Figures 3. 4, 3. 5, 3. 6, 3. 7, and 3. 8 (and the related chapter discussions on pp. 57-70) to do complete five-force analysis of competition in the North American wholesale club industry. 2. Do all three warehouse club rivals—Costco, Sam’s, and BJ’s Wholesale—have highly similar strategies? What differences in their strategies are apparent? Does one rival have a better strategy than the others? Does one rival have a somewhat weaker strategy than the other two? . Which of the three warehouse club rivals has been the strongest financial performer in recent years? Support your answer with calculations based on the data in case Exhibits 2, 6, and 7. Use the financial ratios presented in Table 4. 1 of Chapter 4 to help you with the needed number crunching. 4. Does the data in case Exhibit 5 indicate that Costco’s expansion outside North America (the U. We will write a custom essay sample on Financial Ratio and Costco or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page S. and Canada) is financially successful? Why or why not? 5. Five years from now, is Costco’s standing as the industry leader likely to be stronger or weaker? Are the other two rivals likely to gain or lose ground on Costco? Why or why not? 6. What recommendations would you make to Jim Sinegal regarding the actions that Costco management needs to take to sustain the company’s growth and improve its financial performance? 7. What actions do you think management at Sam’s Club should take to boost revenue growth and overall financial performance? 8. What actions do you think management at BJ’s Wholesale should take to boost revenue growth and overall financial performance? 1. What is Costco’s business model? Is the company’s business model appealing? Why or why not? Business Model is used to exemplify the methods and ways which we used to generate planned revenue. The Costco’s business model is to generate high sales volume and rapid inventory turnover by offering low prices on limited selection of national branded and select private-label products in wide range of merchandise categories. Costco’s offers these products to their members who are of two types’ business members and gold star members. This business model is tempting because it gives a test to Costco’s management to continue to devise strategies and methods through which they can keep hold f existing members and catch the attention of new members. Otherwise they will suffer failure because there will be a risk that discontented members will not renew their membership. This business model takes company towards total quality management. 2. What are the chief elements of Costco’s strategy? How good is the strategy? Strategy is the organization’s pre selected means or approach to gaining its goals or objectives, while keeping in view current and future external conditions. Costco’s strategy’s elements are: †¢ Low prices †¢ Limited product lines and selection Treasure hunt shopping environment By keeping low prices Costco’s is following cost leadership strategy which is good because on this base they can compete with their competitors. By limited product lines and limited selection they are offering limited 4000 items which are less as compared to its competitors. Costco’s is adopted market development strategy by capturing new markets for existing products. By treasure hunt shopping environment they provides such product at low prices to its members which they believe will not be available in next vi sit. This works as an incentive and members try to take maximum advantage and therefore Costco’s sales volume increases. At Costco’s warehouse products are not offered in every size. The strategy they followed is that by offering every size their efficiency will decrease therefore it is said intelligent loss of sales. Posted by Zita Mac. | Posted Date: 8/7/2011 12:04:29 PM 3. Do you think Jim Sinegal is an effective CEO? What grades would you give him in leading the process of crafting and executing Costco’s strategy? What support can you offer for these grades? Yes, I think Jim Sinegal is an effective CEO. He has a vision and proper plans that where Costco’s is and where it will be in long term time period. He plays an active role in overall strategy formulation, implementation and execution. He acts as producer, director and knowledgeable critic. He cut to the chase quickly, exhibiting passionate intent to detail and pricing. He used to firing a stream of questions at store managers about sales volumes and stock levels of particular items. He used to regularly analyze position of certain products in stores and give his comments on any aspect of store operations that caught his eyes. Jim Sinegal lead its team by front and the position where Costco’s wholesale stand is proof that he is and effective CEO. 4. How well Costco’s performing from financial prospective? How does the company compare to Sam’s Club and BJ’s wholesale? Financial performance of Costco’s wholesale can be measured with the help of financial ratio analysis. Financial ratio analysis is the calculation amp; comparison of ratios which are derived from the companys financial statements. According to given data current ratio of Costco’s wholesale is 1. 07 which shows that it can meet it current liabilities on time. Profitability ratios shows return on sales, as it is 1. 8% in 2008 it shows low profit margin on sales which is result of company’s policies of offering low prices. Return on Assets in 6% which shows that company is utilizing its assets in good way. Asset turnover ratio is 3% which shows company’s is efficient in utilizing its assets. This shows that overall financial position of Costco’s is strong. The Costco’s hold major share of 53% of wholesale club sales across the USA and Canada, Sam’s club having roughly 37% and BJ’s wholesale and several small competitors have 10% shares. Asset turnover ratio of Sam’s club and BJ’s wholesale is better in 2007 as compared to Costco’s club because of low prices offered by Costco’s club. Costco’s has low profit margin as compared to its competitors but its sales volume and membership base in strong. 5. Does the data in case exhibit 2 indicate that Costco’s expansion outside that United States is financially successful? Why or Why not? The data in case exhibit 2 indicates that Costco’s expansion outside the United Stated is financially successful. Because over years it shows a steady growth over years in sales and operating income of Costco’s arehouses which are outside United States. And data shows a Constant and significant share of operating income of warehouses which are outside of United States in total Costco’s Warehouse operating income. Revenue to number of warehouse ration is also increasing over period of time. Posted by Zita Mac. | Posted Date: 8/7/2011 12:04:54 PM 6. Perform a SWOT analysis and complete a strategic group map for Costco. What do these tell you about the company’s strategy and performance? How well is Costco performing from strategic prospective? Does Costco enjoy a competitive advantage over Sam’s Club? Over BJ’s wholesale?

Organizational Behavior and Human Decision Processe

Question: Discuss about the Organizational Behavior and Human Decision Processe. Answer: Introduction: For this assignment, the HBR case study has been selected. It is named as Is the Rookie ready by Sarah Green. The summary of this case study is that Tim OConnell, the manager at Driscoll Software gets a call from the company Hybara Casinos one week before Christmas. It has been found that the clients system used by the company previously is crashed. Now, the company wants to be rescued before the day of New Year. This project has developed conflict in the mind of Tim OConnell. It can generate high amount of revenue but it also needs six weeks worth time that is crammed into two and more holidays. In addition, it has been found that star programmer of Tim named Alessandra Sandoval had quitted the job several months ago. Now, the rookie Kristen Hammersmith has taken her place at job. A manager has to listen, delegate, compromise and lead by example (Wang et al. 2013). In this HBR case study, both Kristen Hammersmith and Tim OConnell are addressed as managers. Kristen is newly appointed in the place of star programmer Alessandra Sandoval. Without any argument, Kristen can be considered as rookie. However, by analyzing Tims rash decision and behavior on the Hybara project, it can be said that he had proven himself as a rookie manager. Wang et al. (2013) stated that a good manager with effective leadership skills would never make any commitment to a short deadline along with numerous constraints. A manger never should agree to complete a project without asking some questions to customers and discussing with project managers or team leaders. Tim OConnell has understood that Hybaras urgency is an opportunity for his company to gain a large amount of revenue. However, he fails to understand the desperation of Hybara that can help Tim to get better delivery timeframe. I t can also help the company to gain extra revenue for the project installation. There are many evidences can be found that proved that Tim is an ineffective manager. He is committed to complete a project within a short deadline during Christmas. He has ignored the fact that most of the employees may not work due to vacation. Hence, it can be considered as impulsive irresponsible decision. Secondly, it has been found that Tim dealt ineffectively with his star programmer Alessandra Sandoval. Tim was never comfortable to work with Alessandra that lead her to leave the company. Touveneau et al. (2013) stated that conflict, stress and tension can arise at work at any time. However, dealing with issues at appropriate time with proper attention can resolve them. Tim is also not able to develop trusting relationship with the new project manager named Kristen. Tim has successfully delegated a task to Kristen but he is not able to manage the outcome of the task successfully. Hence, Tims management style can be recognized as rookie management style. He should contact Hybara, revise the installation plan, and ask for extra fees for the last minute installation. Tim has to make sure that Kristen and his team gets proper resources, time, budget and overall support so that they complete the task within time. Reference list Touveneau, S., Clack, L., Ginet, C., Stewardson, A., Schindler, M., Bourrier, M., Pittet, D. and Sax, H., 2013. Leadership styles of ward head nurses and implementation successa qualitative inquiry in the framework of a mixed-method study on hand hygiene promotion through patient involvement.Antimicrobial Resistance and Infection Control,2(1), p.1. Wang, A.C., Chiang, J.T.J., Tsai, C.Y., Lin, T.T. and Cheng, B.S., 2013. Gender makes the difference: The moderating role of leader gender on the relationship between leadership styles and subordinate performance.Organizational Behavior and Human Decision Processes,122(2), pp.101-113.