Digital Business Management and Emerging Technology: A Case Study on Amazon
Verified
Added on 2023/06/04
|12
|1330
|390
AI Summary
This presentation is a case study on Amazon, exploring its e-business model, competitive strategy, digital marketing strategy, customer traffic data, e-CRM, social network, and cyber security measures. It is a comprehensive analysis of how Amazon has leveraged digital technology to transform its business and customer experiences.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Digital Business Management and Emerging Technology
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
TABLE OF CONTENTS •Introduction •Main body •E-business model and concept with strengths and weakness of amazon. •Competitive strategy and digital business strategy of amazon. •Digital marketing strategy of amazon. •Discuss customer traffic data through web market intelligence platform. •Identify amazon’s e-crm and social network. •Identify cyber security measures amazon with its e-business ethics. •Conclusion •References
3 INTRODUCTION The use of digital technology transforms a company's products and customer experiencesthroughreimaginingbusinessmodels,creating new productsthat provide value, and connecting people to things, insights, and experiences. Digital business offers organisations and people new ways to communicate, collaborate, conduct business, and bridge societal gaps in terms of business technology.
4 Strength Being constantly at the top of consumers' minds on a worldwide basis is one of Amazon's main benefits. Because of this awareness, it has been able to enter new markets that were previously closed off too many e- Commerce rivals. The company has an advantage over its rivals due to improvedclientsatisfactionasaresultofstronger logistics and distribution skills. Weakness Giventhatitoffersfreeshippingtocustomers, Amazon stands the danger of losing money and may not be able to cut costs as a result of this tactic. BecauseAmazonisapurelyonlinestore,its objectives for development, particularly in emerging markets, "may get in the way" of its purely online sales-focused approach. E-BUSINESS MODEL AND CONCEPT WITH STRENGTHS AND WEAKNESS OF AMAZON. The strength and weakness of the Amazon are mentioned below.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
5 COMPETITIVE STRATEGY AND DIGITAL BUSINESS STRATEGY OF AMAZON. •Amazon's business approach can be summed up as cost leadership at its most extreme. •Selection, price, and convenience are the three pillars that support Amazon's competitive edge. •One of the cornerstones of Amazon's digital marketing strategy is a focus on the customer experience. •The finest customer experience has always been Amazon's top priority, and this is clear from the company's operations in globe. •Amazon's digital marketing strategy heavily relies on the use of data. •They can utilise this data to customise their marketing campaigns and present clients with relevant content. •Amazon also makes use of data to enhance their website and make sure their customers have a fantastic user experience. •To ensure that its customers receive the best service possible, Amazon regularly reviews and modifies its business practises.
6 Amazon continually evaluates and adjusts its business practises to guarantee that its customers receive the best care possible. Reach:ThefirstexpansionofAmazon'sbusinesswas predicated on a meticulous SEO and AdWords strategy that targeted millions of keywords. Act:By testing and learning, create experiences that are basic and clear. Convert:Makingrelevantrecommendationsvia personalisation, and a simple checkout procedure that many now copy. •Engage:Customers are delighted by Amazon's customer-centric culture, which keeps them coming back for more. Types of Amazon Marketing Channels Search headline ads Display ads for products Ads for sponsored products DIGITAL MARKETING STRATEGY OF AMAZON.
7 DISCUSS CUSTOMER TRAFFIC DATA THROUGH WEB MARKET INTELLIGENCE PLATFORM. Big data has greatly aided Amazon in becoming a leading e-commerce platform. The producers maintain an accurate inventory in order to guarantee prompt order fulfilment. Voice recordings for Alexa •The Echo and Echo Show are two examples of Amazon's virtual assistants that include speakers and a camera. •These voice recordings, according to the company, make using Alexa more enjoyable. •It helps by making it feasible for top-notch speech recognition from a number of clients, which results in accurate message processing and functioning. System for Individualized Recommendations •When it comes to using a thorough, collaborative filtering engine, Amazon is a trailblazer (CFE). •This data is then utilised to recommend further products that previous customers purchased when buying the same items. •In this approach, Amazon's big data harnesses the power of suggestion to encourage impulsive purchases from customers and enhance the shopping experience as a whole.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
8 Amazon's CRM priority areas and e CRM buzzwords Customer acquisition and retention Ensuring consumer pleasure by providing them with events that would make them happy and encourage them to become devoted patrons Rewards for customer loyalty Client lifetime value (clv) Using the most recent systems, databases, and technologies. Superior customer service and recovery Operating a call centre efficiently Removal of unnecessary and cost-ineffective customers. Amazon engages with customers on social media to advertise its products, establish its brand, and grow brand recognition. •Amazon’s Instagram Marketing Strategies •Amazon’s Facebook Marketing Strategies •Website •Mobile Marketing IDENTIFY AMAZON’S E-CRM AND SOCIAL NETWORK.
9 KINDLE COGNITO oWith Amazon Cognito, anybody can quicklyandeasilyadduser registration,sign-in,andaccess management to your web and mobile apps. With Amazon Cognito, you can grow to masses of users and enable sign-inwithSAML2.0identity solutions, your own identity system, or socialidentityproviderslike Apple, Facebook, Twitter, or Amazon. DETECTIVE AMAZON oAnalysis, investigation, and speedy root cause determination of any security issues or suspicious actions are all made simple with Amazon Detective. To help you conduct security investigations more quickly and efficiently, Amazon Detective automatically collects log data from your AWS resources and puts it together using machine learning, statistical analysis, and graph theory IDENTIFY CYBER SECURITY MEASURES AMAZON WITH ITS E-BUSINESS ETHICS. AMAZON INVESTIGATOR oThe new automated vulnerability management service Amazon Inspector continuously checks AWS workloads to check for unintentional network exposure and software bugs With only a few clicks in the AWS Management Console and AWS Organizations, all the accounts in your organisation can use Amazon Inspector. Compared to Amazon Inspector Classic, Amazon Inspector has several upgrades. For instance, the new Amazon Inspector correlates information about common vulnerabilities and exposures (CVE) with elements like network access and exploitability to determine a highly contextualised risk assessment for each result.
10 CONCLUSION •From the repot it is concluded that Amazon promotes products on Amazon and boosts sales by utilising digital marketing techniques. •In order to enhance the number of people who view and purchase their products, Amazon uses search engine optimization (SEO). •A pay-per-click service, Amazon Advertising (formerly known as Amazon Marketing Services) is comparable to Google Ads: Only when consumers click on tailored advertising do brands receive payment. •Making your business stand out and creating consistent cash depend on how the idea advertisement is designed.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
11 REFERENCES •Berg, N. and Knights, M., 2021. Amazon: How the world’s most relentless retailer will continue to revolutionize commerce. Kogan Page Publishers. •Broekhuizen, T.L. and et. al., 2021. Introduction to the special issue–digital business models: a multi- disciplinary and multi-stakeholder perspective. Journal of Business Research, 122, pp.847-852. •Gobble,M.M.,2018.Digitalstrategyanddigitaltransformation. Research-Technology Management, 61(5), pp.66-71.