...There are numerous advantages of e-commerce which are also applicative in taobao. The low barriers and relatively lower expenses make it easier for firms and organizations to enter this field. Companies can benefit from the establishments of e-shops with which the customer base has been expanded to a substantial level with less time and overhead costs than real stores. Meanwhile this form of commerce provides a wonderful platform for information exchange and communication between buyers and sellers by using the mature instant message software like WangWang, QQ. It also protects customers’ benefits by a safety intermediary named “Zhifubao” for making payments. Beside these common strengths, 8 E-COMMERCE IN CHINA:TAOBAO Opportunities and threats are the external elements of this analysis. The primary chance of e-commerce is the policy support. According to the two new promulgated policy articles of 2007, the development of e-commerce will be highly encouraged and protected so as to improve companies’ ability of autonomous creation and technology innovation. The popular application of e-commerce will then provide a perfect environment and opportunities for taobao’s overall development. Besides, the apparent growth of market demand will enormously expand the range of e-commerce and make it a trend in the future. As can be seen from the research report (february 2009), B2C and C2C market will reach 13.6 million and 201.3 million yuan respectively. All of this will...
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...1) Three external or outside forces that I think impacted Tucker attempt to build and sell his car was, one could have been the fact that they tried to ruin his image (Tucker) his public image by saying and accusing him off things. Another could be that he couldn’t get the right steel that he needed to make his car they way he wanted to for a good price or rate, and the third could have been the delay in him getting the plant where he could start building in put him back a while and caused delays for making and releasing the car. 2) I wouldn’t say that the rivalry was big or intense but I would say it was around or it could have gotten intense if he started off right with the money to build and have a building to manufacture the car and get the steel at a good rate he could have made the car in a timely fashion I think the big three would have either tried to buy his idea or get in on it or did things to keep him from selling it and getting it out like the little things they tried but would have been on a bigger scale. 3) Yes, I think that there were a couple entry barriers. One was that the Big Three made steel expensive to were Tucker couldn’t get it at a good price, another was that the building for him to build in he couldn’t get it because off the delays from the government. 4) Yes I think that in these days that what the Big 3 did to tucker people and businesses do that today to other small businesses by hiking up prices or buying up shelf space to...
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...Ready To Eat Breakfast Cereal Industry Monday, September 09, 2013 3:09 PM The Big 3 and the industry before the 1990's 1972 Federal trade Commission file a major antitrust suit against the big 3 (Kellogg, General Mills, and General Foods) Argued: Monopolized cereal market and had taken specific steps to deter entry by new firms How? Restrained competition amongst themselves through "unwritten agreements" to limit the in-pack premiums (free toys, gifts, e tc) -Refrain from trade dealing-offering discounts to retailers for special treatment or special promotions -Refrained from widespread fortification of their brands because it was believed to not be in the long run interests of the industry (vitamin fortification) FTC also argued the big three took specific actions to make new entry ventures unprofitable -prevented entry into the RTE cereal industry by encouraging super markets and other retailers to adopt a shelf space plan that ensured the big threes products received the most valued center aisle position Caught off guard with the introduction of natural cereal brands Industry environment in the 1990's Technology Processes utilized in creation of many children's cereals took substantial engineering expertise and production experience to master. -Standard plant was estimated to req. a capacity of 75 million pounds per year to achieve minimum efficient scale -employed 125 people -req. capital in excess of 100 million -a singly plant...
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...Running Head: Media Reaction Paper Media Reaction Paper By Camilla Gibbs University of Phoenix This paper will be around diversity in television. Once upon a time, television was primarily dominated by just one race. Civil-rights groups seeking greater ethnic diversity in the TV industry stated that the major broadcast networks, FOX, ABC, CBS and NBC are making improvements more progress is needed. ABC, NBC, CBS, and Fox have begun to initiate subtle changes both onscreen and off. Black and White television is a thing of the past. FOX television has developed the following strategic plan to incorporate diversity into their every day business. • Creative: To increase diverse employment within the writing, directing, producing and casting of all FOX productions. • Communications Plan: Consistently and comprehensively demonstrate FOX's commitment to diversity both internally and to the general public • Recruitment, Succession Planning & Internship: To increase representation of diverse talent at FOX through executive succession plans, recruitment and internship activities. • Minority Procurement: To increase opportunities for and procurement from minority and women-owned vendors and professional service providers. • Executive Component: To increase opportunities for people of color in key creative management and senior management positions at each of the FOX business units. “We believe our future rests in our collective ability...
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...be able to: 1. Explain why information systems are so important today for business and management. 2. Evaluate the role of information systems in today’s competitive business environment. 3. Assess the impact of the Internet and Internet technology on business and government. 4. Define an information system from both a technical and business perspective and distinguish between computer literacy and information systems literacy. 5. Identify the major management challenges to building and using information systems. Discussion Questions: 1. Why is it important to understand the difference between computer literacy and information literacy? 2. Discuss the three elements of an information system (hardware, software and persware) that managers must consider. Which of the three do you consider the most important? 3. What are some of the new roles information systems are playing in organizations? 4. Discuss the changes in the business environment brought about by technology in the last five years. Use Table 1-1 and your own personal experiences to formulate your answer. Managing the Digital Firm Computers are changing every aspect of our lives from entertainment to shopping, from the work we do and where we do it, to how we communicate with friends and relatives. Even though we are still hearing negative news about the dot-com bubble from the late 1990s through 2001, the death of the Internet has been greatly exaggerated. Not only is it alive...
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...of the Internet as a way of keeping in touch with the customer. Future prospects for Build-A-Bear’s continued success are also discussed. Teaching Objectives The teaching objectives for this case are to: Introduce students to the concept of customer value creation and its central role in marketing. Allow students to analyze Build-A-Bear’s product offering in depth. Introduce the concepts involved in customer relationship management. Introduce the concepts of customer lifetime value and customer equity. Allow students to develop specific recommendations for Build-A-Bear’s future. Discussion Questions Give examples of needs, wants, and demands that Build-A-Bear customers demonstrate, differentiating each of these three concepts. What are the implications of each on Build-A-Bear’s actions? The purpose of this question is to force students to consider whether or not it is important for a company to differentiate between needs, wants, and demands. By the textbook definition, Build-A-Bear customer needs might include: belonging—joining the Build-A-Bear “club.” affection—creating and caring for another being. self-expression—the ability to create a product that reflects...
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...Snapdeal business model: It is pure marketplace, somewhat like eBay and alibaba. Snapdeal’s business and platform model is anchored by an innovative system that incorporates updates from both sellers and shoppers. The platform enables sellers to list products for sale on the site, manage inventory, and make pricing changes in real-time based on what is happening in the marketplace. High volume—for example, a pair of shoes sells every 30 seconds— means that thousands of sellers are making dynamic price adjustments. This results in Snapdeal’s inventory and pricing management system processing more than 500 writes per second. Meanwhile, shoppers on Snapdeal.com review and rate sellers for customer satisfaction based on their experience with the product, including shipping, delivery and returns. With every page click, Snapdeal.com combines the updates from shoppers and sellers to display the most relevant products, as well as rankings for all the sellers that are offering the product by price, delivery time, and customer satisfaction. As stated by the Snapdeal Vice President of Engineering Amitabh Mishra, five keys to how his company has been able to achieve its incredible success in a short amount of time with five Keys: 1. A Services Oriented Architecture: To run the business, and grow ten times in two years, has primarily been the technology that they built. Their entire technology infrastructure has been built in house. It’s custom-made. That’s a mighty feat considering...
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...Computers continue to change every aspect of our lives from entertainment to shopping, from the work we do and where we do it, to how we communicate with friends, relatives, and business associates. As you can see from the opening vignette in the text, many businesses are remodeling their products and services to take advantage of expanded channel outlets such as the Internet, cell phones, and even iPod devices. This chapter gives you an overview of many of the subjects we’ll touch on in this course. It will help you understand how information technology is being used by many businesses worldwide to increase efficiency, save money, and create better relationships with suppliers and customers. 1.1 The Role of Information Systems in Business Today Ask managers to describe their most important resources and they’ll list money, equipment, materials, and people—not necessarily in that order. It’s very unusual for managers to consider information an important resource, and yet it is. As electronic business and electronic commerce grow in popularity and more firms digitize their operations, having useful information is becoming even more important to the global business community. This chapter will begin to explain why you need to manage your information resources as closely as any other in your organization. How Information Systems Are Transforming Business The next time you’re in your workplace or on your school’s campus, even walking down the street, take a closer...
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...Mr. Dimakh Sahastrabuddhe, CEO, Dimakh Consultants Dimakh is the CEO of Dimakh Consultants Pvt Ltd, a leading IT consulting firm in Pune India. He is a first generation entrepreneur and started the enterprise at a young age of 23. The company provides varied IT offerings in software development, website designing & hosting and networking solutions. Dimakh holds a Bachelor of Engineering degree from the University of Pune. He is on the visiting faculty at Symbiosis University,Tasmac-Wales University and IIPM for last 15 years. With his real life experience in IT fields he simplifies the learning process and makes it an interesting session for techies as well as non-techies. Dimakh is a sought-after speaker and has delivered lectures at several corporations including Wipro, Reliance, Mphasis, Convergent, Msource, Infosys. Dimakh has written a number of articles in IT magazines and TOP B school journals and is the author of "E-Business" a book on current e-commerce trends. He was invited by the ministry of communication Afghanistan, to design the rules- regulations and cyber laws for Afghanistan after the Taliban war and he has successfully deployed a complete telecom billing system for Kabul, which was the first revenue generation project for Afghanistan. Dimakh is the winner of the "Budding Entrepreneur Award" and "Outstanding achievements in the field of Information Technology" given by Rotary International's Rotary club. He is the winner of young marathi achiever...
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...Essentials of MIS, 9E Laudon & Laudon Lecture Files by Barbara J. Ellestad Chapter 1 Business Information Systems in Your Career Computers continue to change every aspect of our lives from entertainment to shopping, from the work we do and where we do it, to how we communicate with friends, relatives, and business associates. As you can see from the opening vignette in the text, many businesses are remodeling their products and services to take advantage of expanded channel outlets such as the Internet, cell phones, and even iPod devices. This chapter gives you an overview of many of the subjects we’ll touch on in this course. It will help you understand how information technology is being used by many businesses worldwide to increase efficiency, save money, and create better relationships with suppliers and customers. 1.1 The Role of Information Systems in Business Today Ask managers to describe their most important resources and they’ll list money, equipment, materials, and people—not necessarily in that order. It’s very unusual for managers to consider information an important resource, and yet it is. As electronic business and electronic commerce grow in popularity and more firms digitize their operations, having useful information is becoming even more important to the global business community. This chapter will begin to explain why you need to manage your information resources as closely as any other in your organization. How Information...
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...Management Information Systems, 12E Laudon & Laudon Lecture Files by Barbara J. Ellestad Chapter 1 Information Systems in Global Business Today Computers are changing every aspect of our lives from entertainment to shopping, from the work we do and where we do it, to how we communicate with friends and relatives. Networking technologies are pervading almost everything we do professionally, socially, and recreationally. As you can see from the opening case in the text, many companies are remodeling their businesses and information systems with the Internet in mind. It has become more important than ever for you to understand not just how technology works but also how current and future advances affect your work life. 1.1 The Role of Information Systems in Business Today Ask managers to describe their most important resources and they’ll list money, equipment, materials, and people — not necessarily in that order. It’s very unusual for managers to consider information an important resource, and yet it is. As electronic business and electronic commerce grow in popularity and more firms digitize their operations, having useful information is becoming even more important to the global business community. This chapter gives you an overview of many of the subjects we’ll touch on in this course. It will help you understand how all firms today, large and small, local and global, use information systems to achieve important business objectives, such as operational...
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...The Six Most Common Selling Mistakes to Avoid By Mike Schultz You're at an industry event mulling over which cheese will go best with which crackers at the buffet. The person next to you introduces himself. You introduce yourself. Then he says: "So tell me, what do you do?" The challenge is to communicate the key elements of your value. When we work with our clients to teach them how to sell, we tend to focus on helping them learn the right things to do. However, even those on the right track can get derailed by common mistakes. It's often just as helpful to know what not to do as it is to know what to do. Here, then, are the most common mistakes we see people making when trying to answer the question, "What do you do?" and ideas for how to avoid them. Mistake #1: Talking, but not saying anything "Our solutions help Fortune 500 and mid-size companies succeed. Our unique blend of people, process, and technology allows us to build and deliver value over-and-above our competitors. One unique thing about us is..." Even if it's well-practiced and smoothly delivered, a cliché that doesn't communicate anything is still a cliché that doesn't communicate anything. Make sure you avoid sounding like a buzzword bingo robot and focus on adding value to the conversation. Building rapport is a major component of a successful sales conversation. Starting off with a cliché, however, won't help build rapport - it's more off-putting than endearing. Mistake #2: Going...
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...Venture capital flows to tech startups Tech investors at the iHub offices at Bishop Magua Centre on Ngong Road, Nairobi. Stephen Mudiari | Nation By JEVANS NYABIAGE jnyabiage@ke.nationmedia.com Posted Monday, November 8 2010 at 16:00 In Summary * Equity financiers scout for buyouts in Kenya as mobile and internet spur innovation Kenya’s tech environment is bustling with innovations driven by mobile telephony and strong entrepreneurial spirit, but access to capital remains a major constraint. This has created a magnet of venture capitalists in Kenya seeking to fund tech startups. Venture Capitalists are investors who scout for promising startups and small businesses with potential for huge profits. Venture Capital funds make money by owning equity in the companies they invest in. Mr Brian Hirman, a co-founder of eVA Fund, says Nairobi is recording high growth of start-ups in digital, ICT, web and mobile. “There’s a lot of entrepreneurship also motivated by Kenyan whiz kids who have studied in the US or Europe. There are lots of bright people with strong digital business ideas,” says Mr Hirman, whose fund has invested in Kenyan tech start-ups. Pitching for cash On October 18, 2010, at the Ihub incubation centre, five venture capital funds listened to pitches from eight startups. The forum was organised by the Kenya ICT Board as follow-up to the $3 million in content grants funded by the World Bank. The Venture Capitalists, or VCs, on the panel were eVA Fund, Fanisi...
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...to Success 6 Competitor Benchmarking 7 ONLY MUCH LOUDER 7 KRUNK 7 WILD CITY 8 The Struggles of Growth 8 Future Growth Opportunities 10 Questions 11 Exhibit 12 References 13 How it All Began It was one evening in 2011, when two engineers Parth Saxena & Nikhil Kapur (working with Texas Instruments & Microsoft, respectively) were watching the performance of a band in the Hard Rock Cafe (in Hyderabad) that an idea struck them. While enjoying the performance they noticed a problem in the music industry. They realized that bands in general could benefit if they could get better access to the venue managers. The two graduates from Delhi College of Engineering thought like true techies - to make the live entertainment industry democratic for all artistes small & big alike, they need a tech platform which could connect them to all possible venues. Such a platform they realised would benefit not only the performers, but also the music live entertainment industry as a whole. And, thus the idea behind TommyJams was born. Given that Parth Saxena was a Music Enthusiast, it wasn’t a stretch that he could relate to the issue at hand. He also had an experience of being a part of various bands in Bangalore, as a freelance guitarist & vocalist. With his passion for music, his history with the industry in the city & Bangalore’s role as a dream city for entrepreneurs across India (As a growth centre for technology) it is easy to understand why Bangalore was picked as the...
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...Questions on Leadership 1. What is the shape of the perfect leader and does he or she exist. * The shape of the perfect leader he or she must have: i. A vision of the future (where are we going) ii. The ability to encourage followers to jump into that experience (work through the many changes that are required to achieve that vision). iii. Make a self-improvement for themselves and their followers. It can make them to be a good coaches and mentors. iv. Empowering their followers to get things done (delegates). * There are no perfect leaders because a good leaders always trying to improve themselves through self-study, education, mentorship, making mistakes and then learning from that mistake. These statements give us the answer that the perfect leader does not exist. The perfect leader should not think that they are the perfect one because they should improve their qualities by learning from the situational and their followers. * Even though there is NO perfect leader, the GOOD LEADER still exist. That means the good leader requires deep human qualities, beyond conventional notions of authority. A good leader would be able to identify the organizations goals or specific targets. The leader than should be able to impart these goals to his team members and commit them to work hard and intelligently to achieved the desired organizational goals. 2. Does a leader need to be motivated? How can leaders maintain themselves to stay motivated? ...
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