Online Auction Online Auction Ebay is an online auction service that allows people to sell merchandise and potential buyers to place bids on a variety of items. The length of a auction can last anywhere from a couple days to a couple weeks. While the auction is going on people are all making bids on the merchandise that they are interested in buying. At the end of the auction the person with the highest bid has won the item. The items that are on Ebay range from trading cards to automobiles
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Key Strategic Decisions: Several aspects of eBay have been specifically designed to support an almost freestanding economy (2000; 2003). eBay built a free market. As a facilitator, users are allowed to decide what they want to sell, encouraging continuous growth. The users or citizens are the ones who control the direction of the site. eBay created a legal system that promotes self-governance. The auction site devised a feedback forum to let users rate one another to discourage fraud
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Inc., an American Internet company. Millions of people are brought together by eBay everyday on a local, national and international basis using an array of websites that focus on commerce, payments and communications. From eBay’s origin as a home business founded by Omidyar, the company has become the world's leading auction market and one of a handful of major dotcom companies to actually turn a profit. The best thing about eBay's vision is that it has eliminated many of the inefficiencies of
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refined OAMs? List 2-3 specific website features that eBay adds that are not found on unregulated OAMs that merely link buyers and sellers? Be specific. When eBay started its business in 1995, online auction got new head starts in many ways. EBay has refined its online auction model by creating a global platform, a model that connects to people, person to person marketplace on the Internet. Before eBay, auctions were limited to garage sales, collectibles shows, flea markets and in-store sales.
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eBay’s Strategy and Business Model Before eBay could begin to compete in the online auction industry a strategy and business model needed to be developed (Appendix A). eBay had to define the businesses they would be competing in and how they would compete in those specific businesses. They also needed to define how they would be a successful service to their customers. Corporate level strategy eBay’s corporate level strategy was to become a diversified business. They wanted to diversify
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yet to realize he developed a revolutionary new ecommerce model (Trites &Bortiz, 2003). eBay did not follow in the same stepping stones as other ecommerce did at the time. At the time of its establishment, eBay acted as an intermediary between buyers and sellers, unlike others who focused on selling goods and services (Trites &Bortiz, 2003). Since it first started, eBay has achieved numerous milestones for its time duration in the business. It has an established community consisting of tens of millions
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Study Abstract The following report will analyse the methods and strategies eBay have used in order to gain competitive advantage over its rivals to become the largest auction site in operation. Introduction eBay is a worldwide e-commerce business that has well and truly reaped the rewards of the internet revolution. The company operates on a global level, boasting several acquisitions of competitors to boost its market share, housing underneath the umbrella that is eBay are numerous divisions’
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Business Strategy Established in 1995, eBay is an online auction and shopping website that attracts more than 276million shoppers around the world. The business strategies can be analyzed from the following perspectives. Products and services eBay produces The strategy set by eBay is to create a powerful online platform for the sale of goods and services by a passionate community of individuals and small businesses. On any given day, there are millions of items available through auction-style
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Sitting home and lonely can sometimes be boring, and depressing. To have company with other people or having an interest for sport or something that you can do, can probably beat the loneliness. Apparently being a shopaholic, or actually, an online shopaholic can beat the loneliness. The short story “Oniomania in the Empty Days” which is written by Beverly Lucey, deals with this woman named Mavis, who is lonely and addicted to one of the biggest online auction website in the world, Ebay.com. Mavis
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items like collectibles, appliances, computers, equipment and many more miscellaneous items are listed, bought or even sold on a daily basis. In other word, eBay generally target online auction and shopping communities. However, eBay also has business strategies to target specific segment of the market. From the entire wide range of items available, eBay originally was set up to promote and sell antique and collectibles. This causes eBay to focus more on this segment market. Another key market
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