How E Business Is Economically Harmful Or Beneficial?

Located in Woodgrove Mall in Nanaimo, British Columbia, directly across from the busiest part of the mall sits HMV Canada. HMV, which stands for “His Master’s Voice” (HMV, 2014) is a music retailer with over 80 years of experience. They specialize in music, DVD’s, headphones, memorabilia, and more. Although they have 80 plus years of retail experience they have only been in the Canadian market since 1988. What is interesting is the fact they are owned by a

An upgrade to their internet website would allow customers to make purchases online for in-store pickup, local delivery or catering service. The major benefit to technology upgrades will be better customer relationships.

The internet offers the potential to achieve a global market success for any business. Businesses that go online increase their opportunities to reach their target market and is cost effective when compared with other forms of marketing. It creates opportunities, benefits and challenges for a business but in the long run is worth it for the added publicity and hopefully profits. Going online has benefited many organisations including Tesco PLC. I will be using Tesco as my example of the benefits, opportunities and challenges for a business by using the internet. Tesco has operated on the Internet since 1994 and started an online shopping service named 'Tesco Direct' in 1997 which

There are a lot of benefits the customers enjoy when they do their shopping online, such as:

The closing of HMV and its decrease in profits are due to the fact that people who used to be customers changed and is moving towards online streaming. HMV sold Blue-ray DVDs, animation merchandises, music CDs…etc. Having Netflix and illegal online streaming caused HMV to lose customers. Despite its new competitors, they have stayed longer than their once rivals, Blockbuster who went out of business a decade ago.

The rise and the advancements of the internet through faster broadband speed levels and greater reach and affordability has resulted in the successes of many businesses like those of online streaming services. Streaming services such as Netflix, Stan, Foxtel, Quickflix, BigPond Movies and many others have seized on the ability to distribute movies online for a lower price than many independent stores, or even large-scale ones, forcing many to close and others to face extinction. One of the large-scale franchise stores which is of great interest to mention and talk about throughout this report is Blockbuster. (Davis & Higgins, 2013) states that ‘Giant Movie Gallery and Blockbuster, driven by physical rental stores, began struggling to compete with streaming and mailing platforms. Both were driven into bankruptcy because they failed to

Harrys proposal to move to a digital only market has many advantages and disadvantages. Firstly the market RM are currently operating in is dealing which lead to them seeing profits fall by 12% last year. If these trends continue RM will its eventually struggle to operate and may even begin to make a loss. The new market Harry is suggesting is in fact growing rapidly with a predicted rise in digital subscriptions from 3-10million in the next 2

According to Turban and King (2003), internet technology renders retailers an additional channel for branding, transactions and customer relationship management, the adaptation of which may drive down retailers’ transaction costs, and ensuring faster and higher quality of customer interactions, resulting in enlarging the existing markets and consumer base. M&S realizes this and have tried to sell clothing via high street stores as well as via internet though they have experienced cost cutting, rationalisation and management changes in order to revive their business in recent years. Internet technology might enable sustainable competitive advantage, but problems remain on how to physically organize their online retail operations.

Electronic business (e-business) can be defined as the use of the internet to network and empower business processes, electronic commerce, organizational communication and collaboration within a company and with its customers, suppliers, and other stakeholders. E-businesses utilise the internet, intranets, extranets and other networks to support their commercial processes (Colin Combe, 2006).

The marketing environment at the present situation is very competitive. Companies like Apple with iTunes store, Amazon with lots of music, movies, games and every other product that HMV sells, and many other international companies making way to UK for their business, HMV need to stand out from each one of them to continue making good business. For this they might need to make some minor as well as some major changes within company to keep on attracting customers. Lots of people have now started buying music and movies through internet via iTunes store and Amazon stores because they are very easy and less time consuming ever. HMV is facing competition from these and many other companies on its business. These companies are making it much easier for customers to shop from home and save time. HMV also has its online market but it is not as strong as the others. One reason behind it may be not going global. HMV is always trying to attract customers to their physical stores rather than the internet stores making it more interesting to the customers to shop. But this might not always be the case. Some customers may not have time to go for interesting shopping in this very busy world. So not losing its focus on physical stores it also needs to look forward to competition in the virtual internet

Banks remain Relevant. In (Kell 2017) the author discusses how sports clothing company Lululemon is expanding their business not just with brick and mortar stores but also by expanding their e-commerce by 20%. Through the internet companies can reach more people worldwide than they can from their stores. Many companies are feeling a lot of pressure to close store due to the fact that e-tailing is becoming more and more popular. Companies can use websites to track consumers and get a better idea of what they are buying, this would be important for Joseph A. Bank because when they bring in new products they could have a better representation of consumer interest in it. Although it is more convenient to the consumer to shop online it does have a few drawbacks, from a retailer stand point e-tailing is all self-service. A specialty retailer like Joseph A. Banks may lose customers looking for help with selection if the focus too much on e-tail. Also another problem that can arise is the increase of competition with lower prices, due to the reach of the internet Joseph A. Banks will have to compete with stores worldwide to get

An Executive Report advising HMV’s Management on competitive strategies. In this analysis we will take a look at the biggest entertainment media seller with physical stores in the UK. The contents of the report are an analysis of the company’s current competitiveness and recommendations on the future strategic direction of the company.

Online shopping has completely altered the way we experience the world around us today. Online shopping has transcended us from the physical world and led up into the virtual one. Not only can one buy something physical online

This convenience gives consumers immediate feedback on exactly what they are looking for at the precise time. Second, e-commerce offers sellers an opportunity to reduce costs while at the same time provide market expansion since e-commerce is open to anyone with access to the Internet. E-commerce minimizes the need for a physical store as well as the need for staff members; thus reducing overall labor expenses. “Internet technologies also permit sellers to track the interests and preferences of their customers with the customer’s permission and then use this information to build an ongoing relationship with the customer by customizing products and services to meet the customer’s needs” (E-commerce advantages). Not only has e-commerce exploded over the past decade, but year after year, organizations are reaping the benefits of profitable earnings and successful customer service due to their ongoing ability to satisfy needs via the Internet. A fourth advantage e-commerce presents is lower transaction costs. The reason for this is because e-commerce employs an automated order tracking and billing system, therefore, allowing consumers to oversee the entire business cycle from ordering, building, shipping, etc. For example, Dell tracks each computer through the entire manufacturing and shipping process, thus, allowing customer to see exactly where their order is at any given time

E-business, is a primary factor and force behind any successful business or organization .When a company becomes more accessible to customers and partners this could generates more expansion for a company as well as create more revenue .The idea of of e-commerence is to operate under technological systems . When we look at e-business we are confronted with these systematic programs to fully understand e-bussiness and how a company uses this strategic system. .