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Business Assignment

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1. Why would someone like Meg Whitman give up the comfort of working for someone else and taking home a nice salary and fringe benefits for the stress of running a new kind of business that may or may not succeed? (8 marks)

Meg Whitman would choose the stress of running a different kind of business that might or might not worked out rather than her previous comfortable, stable and high paid job maybe because she don’t want to get controlled while doing her own work. People nowadays prefer more personal space or freedom so that they would feel comfortable while working. She doesn’t want to get controlled by the managers or her bosses. She might also get bored for doing the same work every day, repeating the same thing over and over again that’s why she would think to try doing or running something new and she wanted to change a new working environment. She also want to have her own working time compared to company’s fixed working schedule so that she can have more time to spend with her family, or extra entertainment time rather than keep working in the office. By joining eBay, she can arrange her own working timetable. She might also like to challenge herself so she is willing to accept the challenges and quit her current job for new challenges. Although running a new kind of business has huge risks and also a lot of new challenges, but she can at least do what she want and show what she can do. By running a new business, she also get to interact with different kind of people and becoming more socialize so I guess this is why she can give up working for someone else and taking back huge amount of salary for the stress of working on a new business even if she has no idea whether it can work out well or not.

2. What has surprised you about the rapid rise of eBay? What kind of products do they sell that you didn’t expect? (5 marks)

Things that surprises me about the rapid rise of eBay is where it enlarge its product categories to include anything that can be sold example, from garage items to antiques, then from antiques to the latest electronic gadgets or products now. This makes eBay slowly becoming more successful and improving the company’s growth which now has around 17,000 employees with reported revenue growing from $6 million to around 476$ million a year. Besides that, the list or categories of product being sold on eBay also had surprised me. There are too many strange item or crazy things that can be found on eBay because it is too popular now and a lot of people are using it. They have more popular types of auctions now compared to last time so people are selling all different kinds of item on eBay. The products that are being sold on eBay that I didn’t expect or it is ridiculous to have found on eBay are empty makeup containers, empty egg cartons, paper towel and toilet tissue cardboard. There’s an empty makeup containers with the brand named M.A.C. are highly in demand. It is because of a rewards program that has been organized by the retailer where all the customers can get free lipsticks by exchanging with fixed amount of M.A.C. makeup containers. The second product is empty egg cartons. The empty egg cartons are being wanted by some of the artists to create recyclable products for art purposes. That’s why there are people selling empty egg cartons on eBay. The last product that I didn’t expect to be found selling on eBay is paper towel, toilet tissue cardboard tubes. Who would have thought that there are actually people in the world who would pay money for the cardboard tubes of spent tissue? Yes, people who work as an artist do actually pay for spent tissue or paper towel for art projects. Those artists need these item to do their projects but they wouldn’t want to waste a new one so they actually bought them from eBay because it’s a recyclable product and recycle is good for our living environment.

3. What have you bought or sold on eBay? Did you enjoy the experience? What might have made it better? (7 marks)

I once bought a pair of soccer boots on eBay, it was really great and I’m satisfy with the item that I’ve received. It’s a first grade Adidas soccer boots named F50 Adizero. The item that I’ve received is as perfect as the one I found on eBay. The quality is also the same as the one I bought before from the original outlet. I’ve also bought a Barcelona jersey from eBay and it’s really a genuine product. I’m glad that I’ve bought it from a trustable seller. I’m sure that eBay is doing a great job on deleting all the scamming account so that customers won’t get scammed while buying things on eBay. Customers don’t have to worry that they will lose their money or get nothing after they make their payment and they can also get a guaranteed original products from all the sellers on eBay. Things that could make it better are about the delivery time and the packaging of the item before they deliver it out. I wish that they can improve on their item delivery time and also the condition of the packaging while it’s on delivery status. The delivery time for the product is okay to me but it’s better if they can make it shorter or faster so that the customers don’t have to wait too long until they get their purchased item. The item I received was good in condition but not on the packaging. I received the item with broken edges and it has a little bit scratches on the top and at the side of the shoe box. It was a small disappointment because it was a collection item. I sincerely hope that they can have improvements on all these small issues so that they can gain more customers, earn more profits and win the customer’s heart.

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