...Final Business Model and Strategic Plan Bus/475 July, 11th 2015 Strategic Plan, Part 1: Conceptualizing a Business Introduction The sought after products Ingram offers such computers, software, storage devices and so on will give in such a way that the consumer will report nothing but positive feedback. This is a company that strives to provide the most outstanding services and leads the completion by far. They offer services such as financial planning initiatives for corporation seeking to improve their corporation. These services not only provide a way to improve your business but it provides the technology that by far exceeds the leading corporations that offer these services. The idea of offering warranties for the devices they sell opens a whole new dimension that involves reshaping the company to allow for the growth and become the industry’s leading sought after company for the services they provide. The new offer for technical support which provides online chat and remote assistance with problems people experience will allow for the company to improve on company’s morale and dedication. This will allow for customers to seek advice for their purchased products and allow the new desire for other products that are available. If the customer is satisfied they will be a good referring agent and continue to add to the growth of the company. These steps will allow for the desired planning strategies to be put into place and result in the desired outcome in the...
Words: 3269 - Pages: 14
...channels and departmentalizing helps determine which structure best suits a particular organization. In the international model the organization uses its existing core capabilities to expand into foreign markets. This is used best when there are fewer pressures for local responsiveness. This model uses subsidiaries in each country for which the company wants to do business in. In this global business model the main control is exercised by the parent company that is located usually in the country of origin of the product. This business model may allow for some subsidiaries to adapt products to local conditions but they must first clear the changes through the main entity or corporation first. Because of this set up there is a major dependency of the subsidiaries on the main company. New products, processes, and ideas require a great deal of coordination and control by the parent company. Some of the advantages of this business model is that it may facilitate the transfer of skills and knowledge from the parent company to the subsidiaries around the world. A major disadvantage of this model is that it does not provide a lot of latitude for responding to local conditions. Also it does not provide the ability to buy locally for a cut rate without the parent company approval which could be a purchase of a time sensitive commodity. The Multinational business model also known as the multidomestic...
Words: 774 - Pages: 4
...Globalization is the process in which businesses starts integrating and interacting between countries and engage in the global business. In this process businesses move outside the national and domestic markets to other markets around the world in different countries and region. The integration can be among the companies, government of different nations or the people. Globalization is the process of our age in which we live. It affects all aspects, from companies, people and consumers to corporate world and cultural relationships like world views, ideas and other aspects of culture. (Stanley J. Paliwoda 2009). It also includes some other aspects like advances in transportation, telecommunication, infrastructure, telegraph and its breed the internet. Globalisation removes trade barriers and allows free trade in this electronic age which brings reduction in government’s restrictions covering international trade and also increases communication speed. The four phases in the phase model of globalization are, exporting, cooperative contracts, strategic alliances and wholly owned affiliates. (McWilliams 2010) The word export means shipping the goods and services anywhere out of the boundaries of a country. The one who ships the item is known as ‘exporter’ and the overseas buyer is known as an ‘importer’. Exporting is been increasing ever since globalization began. It is estimated that in today’s globalized world the value of global trade in form of exports and imports is expected...
Words: 1601 - Pages: 7
...Assignment 1 Assignment 1 is worth 10% of your final grade, and should be completed after Lesson 3. This assignment has two parts: * Part A: six short-answer questions worth a total of 30 marks * Part B: three case analyses worth a total of 70 marks Part A: Short-answer Questions (30 marks total) Answer each question in one to two paragraphs. (5 marks each) 1. What are the main specific functionalities and features included in an e-commerce server (e-commerce suite)? Some of the main functionalities and features included in e-commerce servers/suites involve the ability of them to support different business models, while still maintaining complete functionality, and utilizing various tools to assist in business processing models. They also should be pre-programmed with local tax and shipping rules, and enable the user to connect with ease to existing business systems. Specific examples include online catalogs, order taking capabilities using an online shopping cart, and online credit card processing. 2. Explain how and why designing mobile web pages differs from designing traditional web pages. Mobile web page designing differs from that of traditional web page design due to the fact that mobile sites have larger restraints on data storage and processing power, as well as slower connection speeds. This also means that mobile sites require simplification, and can’t be as complex as traditional web pages. One must also take touch screen interaction...
Words: 641 - Pages: 3
...organization all around the world. What is their business? UPS is a company that delivers packages and also documents to more than 6.1million customers in more than 230 countries around the world. “UPS’s primary business is the time definite delivery of packages and documents worldwide’’(Wikipedia, 9/9, 12:18pm). One of the primary components that determine UPS’s success is how time definite and quick they are. This is accomplished by equipped, effective and efficient technology. COMPILATION What are the IT issues surrounding this case? * By investing heavily in IT, UPS has been able to gain a competitive advantage over its competitors. * How IT has been able to make work efficiient and efective by planning quicker and easier delivery roots, and also being able to track those delivery rootscan be an issue in this case. * Records of customers are kept, calculation of fees, and management of logistics are also saved through IT devices such as the bar code scanning systems etc. TO THINK ABOUT. 1) What are the inputs, processing and outputs of UPS package tracking system? A) Inputs * When UPS customer signs on theDelivery Information Acquisition Device (DIAD) that signature can be considered an input. * Customer Information eg house address. * Pickup’s eg mails, packages etc. B) Processing The whole process that involves from the UPS worker delivering the package to its final destination, which includes the recipient entering...
Words: 840 - Pages: 4
...all involved parties maintained a collective emphasis on disciplined quality standards. As years passed by, McDonald’s needed to adapt to industry changes by accomplishing some process design innovations in fruitful collaboration with its suppliers and franchisees. In this context, McDonald’s improved the chain’s fries’ quality and consistency by switching from raw to frozen delivered fries as well as the productivity of employee with the creation of the V-shaped aluminum scoop. Another major process enhancement was the introduction of the breakfast at McDonald’s. In this way, the corporation expanded its operating hours since it had to pay for rent, utilities and insurance 24 hours a day, anyways. The generation of a totally new business came along with the nice...
Words: 779 - Pages: 4
...SAYSON, Jessaveen Pate U. 3FM TH 9:00 – 10:00 BUSINESS : CLOTHING LINE www.clothingline.com @clothingline OPERATIONAL EXCELLENCE -Make substantial operations have instead in systems for automating production processes. -Business layer for managing orders, inventory, design, human capital, quality, schedules, product and design. -All operations have one thing in common: better coordination between business systems and production operations. -Improve overall performance in terms of income, designs, and products. -Focus on product leadership push the product development. -Create products that change the way of customers lives. NEW PRODUCTS, SERVICES, and BUSINESS MODELS -The customer will choose any of the latest fashion dresses, shirts, pants, crop tops and many more. -Sometimes, instead you’re the one who will gonna choose of your own fashion, we have some fashion experts or stylelist that you will have a conversation through chats or in personal. -Every week we are posting a new sets of fashion garments that customers always looked for it. -The clothes that are posted in the page are already on hand and ready to ship or to sell to our customers. -Sometimes, we are not posting a clothes but sometimes there are some fashion accessories that you can find in our site. CUSTOMER and SUPPLIER INTIMACY -Customer and supplier intimacy strategy use information systems to develop strong ties and loyalty with customers and suppliers. -Customer and supplier...
Words: 1864 - Pages: 8
...Enabling Business Strategy 1. How does IT impact the mission of the World Bank? Before we dive deeply into analyzing how IT influences the mission of the World Bank (WB), it is important to understand their missions as well as their core strategy and capabilities fostering these missions. We will first notice changes in the capabilities and business strategies before we see the final impacts; every reflection of these changes shines through the glass of IT-enabled business initiatives. Rarely in business cases, do we see top executives present such strong support for IT development due to heavy upfront investment, possible disruptive business operations, and uncertain return on its investment (Applegate 63). Nevertheless, with a business model that thrives over internationally geographical and cultural differences, it is impossible to succeed without a well-supported IT global network. The WB’s simplified mission in three phrases: fight poverty with passion and professionalism, help people and environment with resources and shared knowledge, and forge partnerships in both public and private sectors. Part one of their mission, the WB has financed 240 projects in 92 countries as assistance to both low-income and developing countries in 2003 (McFarland and Delacey, 3). How the WB achieves this exemplifies their key capability, global IT networks since 1977. This single key capability made it possible for the WB to enforce its first business strategy of decentralizing staff and...
Words: 299 - Pages: 2
...Patrick Ferriero Strategic Plan and Self-Reflection Summary M5A1 Argosy University Executive Summary For over the last one hundred years Harley Davidson has been the worldwide leader in the Motorcycle industry. The company which started in 1903 quickly gained notoriety for their quality products. The company went on to become an iconic American Brand gaining a huge, loyal customer base. The company eaw a set back in revenues in 2008 with recession in the economy but has been steadily gaining growth since. In 2013 the company had a revenue of of 5.3 billion dollars which was an increase of 6.4% from the year before. The company has made provisions to break into new market in India because of the steady growth in the country. The company introduced a new bike in the market as an introductory product to get into their market. The company is also marketing to new demographics such as new riders and the younger generation with their new bike. The company used a strategic plan to introduce the bike at an attractable, affordable price to gain the interest of the new markets. The company has competitive advantages that helps them in the entrance into the new market, advantages like a strong brand image and customer experience. Corporate leadership has also helped the company to get to where they are now. The company leaders has to make some strategic decisions to gain their foot place in the market and to cost costs to increase revenues. The company leaders also stand behind...
Words: 4307 - Pages: 18
...Assignment 1 – ECOM 320 1. What are the main functionalities and features included in an e-commerce server? E-commerce servers some or all of the following system functionalities: * Digital Catalog – used to display goods * Product Database – used to provide product information * Customer on-site tracking – used to personalize and/or customize products and to identify common customer paths and appropriate responses * On-site blog; used to engage customers in conversation and community response functions * Shopping cart / payment system – used to execute a transaction and provide secure credit card clearing and multiple payment options * Customer database – used to accumulate customer information, making it easier for returning customers * Sales database – provides after-sale customer support * Ad server, email server, campaign manager, ad banner manager – used to coordinate marketing / advertising and log behaviour of customers linked to email and banner ad campaigns * Site tracking and reporting systems – used to understand marketing effectiveness by tracking unique visitors, returning visitors, products purchased, and information identified by marketing campaigns. The features that are unique to e-commerce are: * Ubiquity – it is accessible and available anyplace and at anytime. * Global Reach – the potential customers are directly correlated to the number of internet users in the world. * Universal Standards – the technology...
Words: 4163 - Pages: 17
...the article, resembles the ambiguity model proposed by Thompson and Tuden, where the company had low agreement on goals and causation during its decision-making. Low agreement on goals and causation could arise when there are various constituencies with different preferences (i.e. a situation of organized anarchy). In the article, key constituencies identified are the management (like Rick Wagoner the CEO), the bondholders (including the US government and banks), shareholders and the employees (represented by the United Auto Workers union). The low agreement is clearly outlined from the negotiation between G.M., the bondholders and the union – “… Talks with the union… remained inconclusive, as did agreement with G.M.’s bondholders to reduce debt”. The Union’s goal was to improve the welfare of its workers, entailing that G.M. had to spend more money on the retirees’ healthcare. On the other hand, the bondholders’ goal was to recover their investment, signifying that G.M. should cut down on its debts. However, the management of G.M. wanted to keep the business going in order to hopefully make a profit. To achieve that, the managers would prefer to pay less for healthcare benefits and delay the paying back of debts. In the end, due to their different preferences, they did not come to a conclusion, justifying the low agreement on goals and causation. We can take the argument deeper and relate the decision making of G.M. to the Garbage Can model proposed by Cohen and March because...
Words: 1510 - Pages: 7
...Master in International Business, Intake 7 London Corporate Web Communications http://www.ryanair.com Martin Sentis 11 Martin Sentis MIB 7 – Group B Table of content INTRODUCTION ................................................................................................................................. 3 BUSINESS OBJECTIVES AND BUSINESS MODELS ............................................................................... 3 Presence ........................................................................................................................................ 3 Pricing ........................................................................................................................................... 3 Revenue......................................................................................................................................... 3 Exchange type ............................................................................................................................... 4 How does the Internet add value? ................................................................................................ 4 Rappa’s business model ................................................................................................................ 4 AUDIENCE PROFILE ........................................................................................................................... 5 WEB EVALUATION......................................
Words: 5042 - Pages: 21
...Assignment 1 Assignment 1 is worth 10% of your final grade, and should be completed after Lesson 3. It has two parts. * Part A: seven short-answer questions worth a total of 35 marks * Part B: two case analyses worth a total of 65 marks Part A: Short-Answer Questions (35 marks total) Answer each question in one to two paragraphs. (5 marks each) 1. What are the major similarities and differences between the Google and Yahoo business models? Google and Yahoo are very similar, but there are also key differences between the two companies. Each site is considered a destination and is marketed as a place where consumers can fulfil their time on the internet by utilizing many different functions. Both of the companies can be considered B2C, or Business to Consumer companies. This means that they provide their services to consumers. Google and Yahoo are both portals, which means they offer users not only a functional search engine, but also a bundle of integrated services and content. This includes the ability to read the news, meet and chat with others and search for different entertainment such as celebrity gossip. Yahoo offers a search engine to users, but it also works to provide news, chat, e-mail and music. Google focuses mainly on being the very best search engine on the market. The revenue model for Google comes mainly from advertising and referrals from affiliates. On the other hand, Yahoo receives its revenue from advertising, subscription fees and...
Words: 2980 - Pages: 12
...The Freemium Business Model Does it Work The Freemium Business Model Does it Work In a world where advancements are made every day, conscience efforts are given to affect change in the most peculiar ways. If a look backwards were to be taken one could see that from medicine to television changes that could have never been thought of, exactly were that, thought of. Creations are made and ideas are born. One direction that is always a consideration is how to attract more consumers into a specific market without scaring them away and turning a great revenue at the same time. While businesses advance as technology does at times, both are intertwined. With the advancement of technology including 3-d screens, descriptive color patterns and certain psychological focus points that attract a person’s unconscious mind to a specific product, the advancement of business practices must be the same in attracting certain detail of a product to that of making a person wanting more or feel as though they are receiving a special offer. Even if for a limited time. Many people who partake of services want the most up to date and the most opportune times available within today’s abilities. Granted, at a much faster pace, always on the move and too many appointments to complete in one day, the most is the best in the most convenient ways. More and more often than not, what is seen are special ads such as with premium channels on television; HBO, Cinemax or Starz all offer certain time frames for...
Words: 2372 - Pages: 10
...Chapter 1 > Self-Graded Chapter Quiz Course-wide Content Cases Business Strategy Game GLO-BUS Online Updates and Errata Self-Graded Chapter Quiz (See related pages) Results Reporter Out of 20 questions, you answered 18 correctly with a final grade of 90% 18 correct (90%) 2 incorrect (10%) 0 unanswered (0%) 1. Review Key Points PowerPoint Presentations 2. Apply Assurance of Learning ... 3. Test Self-Graded Chapter Quiz Your Results: The correct answer for each question is indicated by a . 1 CORRECT Which of the following statements about a company's strategy is true? A) Crafting an excellent strategy is more important than executing it well. B) Managers at all companies face three central questions in thinking strategically about their company's present circumstances and prospects: Where are we now? Where do we want to go? How are we going to get there? C) A company's strategy deals with whether the revenue-cost-profit economics of its business model demonstrate the viability of the business enterprise as a whole. D) Masterful strategies come partly (maybe mostly) by doing things in much the same way as the industry leader but then being better than the leader in one particular area that counts heavily with buyers. E) Whether a company's strategy is ethical or not does not matter a lot because most customers and most suppliers are relatively unconcerned whether a company they do business with engages in sleazy practices or turns a blind eye to below-board...
Words: 2169 - Pages: 9
