...Virtual Organizations vs. Traditional Organizations Question 1: What are some of the major differences between a virtual and traditional organization? Are there any beneficial elements within a virtual organization that could give them an advantage in today’s global market? Traditional organization is one in which all team members work in the same location. Also workers in the traditional organization see each other every day. They can communicate in face-to-face conversations. Employees do not necessarily all work in the same building, but are based in the same general area. Virtual organization is any organization that has at least one team member working remotely and there are several different types of virtual companies and teams. Some remote team members is a company has one or more local members who consistently work from a remote location. Spilt team is a company has two or more locations where employees work out of an office that is local to them. Satellite team members is a company that has a main office and many satellite employees who work from a home office. 100% virtual team is a company does not have a main office, all workers work remotely. Outsourced teams is a company that has a main office, but outsource certain functions to other companies. Having employees who consistently work from a remote location, could help as having trustful source about any new updates or news in the field that the company interested in. It’s easier to communicate via the...
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...MARKET RESEARCH ASSIGNMENT I TOPIC: MARKET RESEARCH – Need, Tools and Examples ABINAYA NARESH ANANTHAKRISHNAN ANANTHAPADMANABHAN P ARUN PRASANNA A.P ASWIN KUMAR U.K WHAT IS MARKET RESEARCH Market research is any organized effort to gather information about markets or customers. It is the systematic gathering and interpretation of information about individuals or organizations using statistical and analytical methods and techniques of the applied social sciences to gain insight or support decision making. Market research provides important information to identify and analyze the market need, market size and competition. Firms conduct research on a continual basis to maintain a competitive edge and keep up with market trends. Regardless of whether the business is starting or expanding, market research is vital to understanding the target market and increasing sales. NEED FOR MARKET RESEARCH The need for market research arises from the need of information for businesses – information about customer needs, competition, market demand, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment, characterised by frequent: Changes in technology – enabling newer products and new production processes (e.g. switching of screens to OLEDs) Changes in consumer tastes –the demand for some products declines, whilst others will...
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...CASE QUESTIONS Abercrombie & #Fitchthehomeless 1) Why did this crisis occur? Why did Jeffries’s comments trigger such a large response? 2) Evaluate A&F’s response. What could the company have done better? 3) What changes should A&F make? Autobytel.com 1) How does the internet change traditional channel structures? Does the internet facilitate disintermediation, re-intermediation or can it do both? 2) Can an intermediary serving two customers avoid alienating one of the groups as it searches for ways to grow? If not, why? If so, how? 3) What is the value proposition for each of Autobytel’s customers? 4) What is the basis of Autobytel’s market leadership? Is it sustainable? Why or why not? 5) Where do you think this market is ultimately heading? Is Autobytel missing the boat? 6) What should Autobytel do? CardSwap 1) What is the value of gift cards to retailers? 2) What is the value of gift cards to consumers? Is the Consumers’ Association of Canada correct in saying there is no value to the consumer? 3) Would you use a service like CardSwap? Why/Why not? 4) What is the size of the market that CardSwap is focusing on? 5) What is CardSwap’s sustainable competitive advantage? 6) What is the value of a customer to CardSwap? How much should Poptia be willing to pay to recruit a customer? 7) What should Poptia do to generate customers? Cialis 1) What are the most relevant dimensions along...
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...Mini Research Paper: Internet Bubble Fundamentals of E-Commerce Professor: Russell Calhoun Precious Harper Table of Contents Introduction…………………………………………………………. 3 Brief Description of WWW and Internet …………………………… 4 Successful Dot.com companies……………………………………… 5 Unsuccessful Dot.com companies…………………………………… 6 Conclusion……………………………………………………………. 6 Work Cited…………………………………………………………… 7 British engineer Tim Berners-Lee developed the world-wide-web in 1989; the World Wide Web became available publically on August 6, 1991. The world-wide-web is a system of resources that allows people to view and interact with a variety of information. A computer that is connected to the Internet can access the world-wide-web. Many people believe the Internet and the World-Wide-Web are one in the same when in-fact they are not. The Internet is a massive network of networks; it connects personal computers, mainframes, cell phones, GPS units, music players etc. The Internet started in the 1960’s and it’s a massive hardware combination of millions of personal, business and government computers all connected like roads and highways. The world-wide-web (WWW) is a system of Internet servers that support specially formatted documents. The documents are formatted in a markup language called Hypertext Markup Language (HTML) which supports and links documents, graphics, video and audio files. Web...
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...evolution. At first after amazon.com was launched, he has launched new categories and he expanded his business globally and entered Europe market. For more investment he made the company public. Then later, Auctions and commerce network was launched. In 2000, to expand his market place business, he took equity partnerships of online retails and at last, the step taken by him was merging with the “Toys R Us” to overcome the dot-com burst. The company met enormous stress from Wall Street and the company’s stake holders to accomplish profitability. As of 1997 to 2000, the Total verge raised from 29 million to 655 million. Nevertheless, the operational expenditures too grew swiftly, from 61 million to 1519 million. 3. By late 2000, living.com and Pets.com had succumbed to the dot-com crash and had declared bankruptcy which caused Amazon.com executives to reevaluate the company's business model. Rather than partner with dot-com retailers, attention shifted to traditional retailers that wished to develop online...
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...The Internet Bubble Fundamentals of E-Commerce Instructor: Scott Howell Student: Lisa Mercer May 27, 2012 Introduction Within the past decades of the internet first being established the lives of everyday Americans and the world have changed greatly. Businesses have changed and evolved greatly with the access to the internet, as many are able to purse dreams of starting a business and possibly making millions. The internet has opened the doors for many to communicate with each other, receive daily news, and to do shopping. The upcoming of possibilities through the internet also led to irrational decisions brought on by greed from investors that made way for the Dot Com Bubble. History of Internet A pioneer of the creation the internet was Tim Berners-Lee. Though the internet didn’t become wide spread until the early 1990s the making of the World Wide Web can be traced back into the 1980s. Berners-Lee tried to sell his creation to the company that he was working for in Switzerland, but they were slow to acknowledge his efforts.(Griffin, 2000) With that Berners-Lee turned to the internet community in 1991 making his World Wide Web browser and web server software available. (Griffin, 2000) Many enthusiasts began setting up their own web servers around the world. Many scientists were already using the internet to share information found it easier to post their information on the web and wait for a reply. With some government agencies having the responsibility...
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...1.)(a) Nonstore retailing- it is alternatives such as online retailing are growing as a convenient way for two income households to shop. Television home shopping, direct mail, and catalogs also provide convenient retailing alternatives to these households. (b) The retailing mix- retailers will have to adjust their mix in terms of store hour and locations. Working couples may need to shop at less traditional times and in locations convenient form their work location. Also, credit cards and online ordering may become more important because of the time pressure on these types of households. 2.) Maintained markup differs from original markup in an important way. Maintained markup is the final selling price less retailer’s cost. Original markup refers to the difference between the retailer cost and the initial selling price. Initial markup is what the retailer hopes to get for the product; maintained markup is what the retailer can actually sell an item for to consumers. It must cover costs for a retailer to show a profit. 3.) The retail and product life cycles are similar in that they consist of four stages over which market share and profit (from sales) are matched. In the first stage of each life cycle, new retail forms or products enter the market. Competition emerges in the second stage, and by the maturity stage, the major fighting between competitors has occurred. In decline stage, both curves show falls in market share and profit). Differences relate to nomenclature. The...
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...Individual Project 3 Robert F Murphy MGT680-1204A-02 Abstract This paper assumes the role of a member of a team of managers wanting to know how to go about introducing a new product. The paper will discuss if it is better to use a late-mover theory or a first-mover theory through the use of positives and negatives of each which will be supported by examples of sixteen companies. Finally, a decision will be made as to which style should be used and why. Introduction Within this paper the late mover theory and the first mover theory will be defined. Once they are both defined each one will be shown to have advantages as well as disadvantages. All of these advantages and disadvantages will be supported with real life situations and businesses that have used both for the positive as well as the negative. This analysis is being done because the head company wants to know which theory to go with in terms of releasing its new product. Unfortunately, the product is unknown as well as many other facets of the company. The benefit to that is the decision can be made with an unbiased approach and only the facts will hold true within this report. Advantages & Disadvantages of the Theories The “First-mover” theory and the “Late-mover” theory are both ways of attacking the global marketplace with regard to product placement as well as the best time to strike. Many corporations in the world will come up with similar or even...
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...SupportRenew ServicesMy Cart (0) Manage Account All ProductsDomain NamesWebsiteseCommerceHosting & SSLProfessional EmailOnline Marketing Sell Online » Developing An Ecommerce Strategy » What is Ecommerce? Sell Online Education Center HomeOnline BasicsDesign Your WebsiteMarket Your BusinessSell OnlineOnline SecurityResources What is Ecommerce? Rate this Article Article Rating: 3 / 5 Votes: 654 Category: Sell Online , Developing An Ecommerce Strategy Tweet Electronic commerce or ecommerce is a term for any type of business, or commercial transaction, that involves the transfer of information across the Internet. It covers a range of different types of businesses, from consumer based retail sites, through auction or music sites, to business exchanges trading goods and services between corporations. It is currently one of the most important aspects of the Internet to emerge. Ecommerce allows consumers to electronically exchange goods and services with no barriers of time or distance. Electronic commerce has expanded rapidly over the past five years and is predicted to continue at this rate, or even accelerate. In the near future the boundaries between "conventional" and "electronic" commerce will become increasingly blurred as more and more businesses move sections of their operations onto the Internet. Business to Business or B2B refers to electronic commerce between businesses rather than between a business and a consumer. B2B businesses often...
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...1. Case 1-2: Amazon.com: The Brink of Bankruptcy 1.1. How did the Amazon.com business model evolve from the company’s launch in 1995 to early 2001? 2.1.1. Product-Market Enhancements: Amazon.com launched as an online bookstore in a garage by Jeff Bezos in 1995. In order to be close to one of the largest book distributors he chose Seattle as the location. In 1996, they focused on enhancing its product and service offerings and capabilities. Amazon.com offered powerful search capabilities as well as recommendation center. In addition, and to enhance the online shopping experience they created shopping carts, 1-Click shopping, wish lists and greeting cards. By early 1997, the company went public and their revenues increased by $ 16 million. 2.1.2. Product Expansions: In1998, the company expanded to new products. Thus, Amazon.com enters the online music and video business. By late 1998, the firm expanded into selling toy, kitchen, and home stores. In 1999 the firm expanded marketplace business model with equity partnerships with leading online retailers. 2.1.3. Market Expansions: Between 1998 and 1999, the company expanded into international markets and entered Europe. Thus, they sold products in over160 countries by early 2001. Amazon.com had expanded from online bookstore into an online superstore. 2.1.4. Business Explorations: In 1999, Amazon.com launched new business models including Z- stores and auctions. Thus, the firm provided the software and service but...
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...Current State of Amazon.com’s digital engine based SCM Amazon.com sells almost all products you would buy online: beauty supplies, clothing, books, CDs, computers, TVs, and so on. The number of products that Amazon.com is currently selling on its website is countless via its large supply chain network. To handle this extensive range of products, Amazon.com not only uses the direct Amazon-to-buyer approach, but also employs the multi-leveled e-commerce strategy. This multi-leveled e-commerce strategy allows Amazon.com to have large supply chain network by letting almost anyone sell almost anything by using Amazon.com’s platform. Thus, individuals, small companies, and big retail companies can all be part of Amazon.com’s supply chain. It can be considered the “ultimate hub’ for selling merchandise on the web (“How Amazon Works”). Technical and Economic Aspects of Amazon.com SCM Amazon.com uses a digital engine to support the supply chain of unlimited inventory and categories, including digital goods, in worldwide market with real-time optimization. Therefore, it resolves any limitations that physical businesses might encounter. The digital engine processes every information and data at high speed (“Amazon.com: the Hidden Empire”). As soon as customers search products, it provides various options ranging from cheapest options to specific options that customers want. Once customers places orders, digital engine quickly processes order information and transfers information to its...
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...world’s number one social network, is finally going public. After several years of trading privately the company has finally decided to offer a small percentage of its shares publicly. This is great for the company because it will give them the means to grow and expand. As demonstrated recently by the company Yelp. Although they have not yet proven that they will be able to continue in their success most stock experts say that Yelp’s stock is a winner. The good news of success for Yelp has left an appealing taste in the mouths of investors; in turn boosting their confidence in Facebook’s soon to be released IPO. From positive to negative market penetration there is faith, but also concern about the company’s future. Webvan, eToys, Pets.com, Mirant, and CIT Group are all examples of recent companies that were expected to do well with huge IPOs out of the gates...
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...Dot.com Bubble Christopher Smirnes Professor: Dr. D The Dot.com bubble, otherwise known as the Dot.com boom was one of the most significant events in the Internets history. It brought upon millions upon millions of dollars in losses and many of these start up companies never even made a profit. The business world was flipped upside down, and a whole new world was opening up to entrepreneurs. However, since this was such a new technology, as with anything new, there are always risks. The dot.com bubble can be broken down into three different stages, the investment stage, the failure stage, and the recover stage. It all started in the early 1990’s when the Internet truly got its start. During this time period, everything was very slow and many people did not buy computers due to the extremely high cost. By the mid 90’s everything changed, and the world was going nuts over the possibilities of the Internet. Businesses and investors were part of that group that jumped right on in. With the ability to reach millions of customers with click of a button, the Internet certainly has a huge draw. Everyone was trying to get into the game and investors were dumping tons of money into all of these companies that had to essentially start from scratch. It was during this influx of cash pouring in that everything seemed perfect and profits would just go through the roof. It seemed as if everyone had a domain name and being able to access...
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...optimization. Amazon provides unlimited reach to the worldwide market, with no substantial boundaries. Amazon has unlimited inventory and is just as diverse in categories which helps promote a speedy inventory turnover. Their focus on low prices, a diverse selection and customer convenience has proven to be successful. Amazon also has endured one of the fastest growths in the internet’s history reaching almost 3 billion dollar in sales within the first five years. Amazon is considered an ecommerce giant and has over 30, 000 thousand employees and brings in more than 30 million in revenues annually, topping Barnes & Nobles and Borders. Amazon owns many companies consumers use every day not knowing they are owned by such. Zappos, fabric.com, pets.com and audible.com are each owned by Amazon. Furthermore, entities of Amazon often used are AmazonBasics: amazon branded electronic products, AmazonFresh: sells and deliveries groceries, AmazonStudios: online social movie studio and AmazonWarehouseDeals: offers discounts on refurbished products. Amazon also facilitates many other businesses, such as providing web services for companies like: Netflix, Etsy, Papaya and Reddit, to name a few. So not only is Amazon providing jobs for all its employees but each of these companies have a host of employees that prosper due to amazon’s growth also. Though few, some complaints concerning Amazon is for the non-technical savvy consumer who prefers to see or physically touch an item before the purchase...
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...Table of Contents OVERVIEW 3 PART ONE (IN DEPTH) 4 SWOT Analysis 4 Value Proposition 5 Business Models 5 Revenue 6 Operation 6 Market Plan 6 Operation Flows 7 Payment Methods 7 PART TWO (EVALUATION) 9 Website Overview 9 Website Evaluation 13 Table of Figures Figure 1: Front Page………………………………………………... 10 Figure 2: Holiday Deals……………………………………………. 11 Figure 3: Holiday Deals …………………………………………… 11 Figure 4: Products………………………………………………….. 12 Figure 5: Products & Customer Recent History..…………...……... 12 Figure 6: Various Services…………………………………………. 13 OVERVIEW The company was founded in July 1994 by Jeff Bezos. The company began as an offline bookstore. While the largest brick-and-mortar bookstores and mail-order catalogs might offer 200,000 titles, an online bookstore could sell far more. Bezos wanted a name for his company that began with "A" so that it would appear early in alphabetic order. He began looking through the dictionary and settled on "Amazon" because it was a place that was "exotic and different" and it was one of the biggest rivers in the world, as he hoped his company would be. Since 2000, Amazon's logotype is an arrow leading from A to Z, representing that they carry every product from A to Z. Amazon was incorporated in 1994, in the state of Washington. In July, 1995, the company began service and sold its first book on Amazon.com Douglas Hofstadter's Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms...
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