ASOS: An Analysis of Digital Business Strategies and Cyber Security Measures
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Added on 2023/06/05
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This presentation analyzes the digital business strategies and cyber security measures of ASOS, an online fashion and cosmetic retailer. It covers the e-business model, competitive and digital business strategies, digital marketing strategies, customer traffic data, e-CRM and social network channels, and cyber security measures.
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Digital business management and emerging technology
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TableofContents Introduction E-business model that the website pursues Identification of competitive strategy and digital business strategy Identification of the digital marketing strategies Customer traffic data using similar web market intelligence Company’s e-CRM and social network channels Cyber security measures the company website Conclusion References
Introduction Digital business is the implementation of digital technologies at business models for the transaction of products and services for improving the experience of customers ASOS(AsSeenOnScreen)isthechosenorganisationforthis presentation. It is an online fashion and cosmetic retailer founded in 2000 in London, UK. This presentation will cover E-business model pursuing by the websiteofASOSconsideringapproachesforstrengthsand weaknesses of the website
E-business model that the website pursues Micro target online audience:At online e-business, a company wants to reach its target customers who are interested for purchasing. Personalise:It is the use of technology for the customers so that they could use unique shopping experiences.
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Identification of competitive strategy and digital business strategy followed by ASOS Affordablepricestrategy:ASOSisusing affordable pricing strategy to stay competitive. In this strategy the company is selling high quality of products at comparatively lower prices.
Identification of the digital marketing strategies Digital marketing strategy:Digital marketing strategy is a collection of actions used by businesses to achieve specific business goals. These goals are performed online via most appropriate online channels so that a company could enhance per year revenue. ASOS is uses various channels of digital marketing including social media such as: Facebook, Instagram and others.
Customertrafficdatausingsimilarwebmarketintelligence platform With the support of similar web market intelligence, it is observed that the website of the company is visited by approx 56 million people having bounce rate equal to 37%. It is also identified that the traffic of the company has been declined by approx 18% with that of last month.
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Company’s e-CRM and social network channels CRM (customer relationship management) is how a company maintains its relations with its customers. It is very important to manage customer relationship ascustomersareconsideredtobekingsfor businesses.
Cyber security measures the company website has in place One time password (OTP):It could be used by the companies for the protection from cyber attacks. Strong password:Companies could use unique and a bit tough passwords so that there are less chances to open the password by others.
Conclusion It could be concluded from the presentation that digital businesses are growing drastically across the globe. ASOS, an online fashion and cosmetic retailer with approx 860 brands at the website of the company and shipping in 196 countries. ASOS is usinghttp://asos.com/ website for its retailing business and using B2C as e-business model for this website or online platforms so that it could be able to connect with its customers.
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References Luz Martín‐Peña, M., Díaz‐Garrido, E. and Sánchez‐López, J.M., 2018. The digitalization andservitizationofmanufacturing:Areviewondigitalbusinessmodels.Strategic Change,27(2), pp.91-99. Soluk, J., Miroshnychenko, I., Kammerlander, N. and De Massis, A., 2021. Family influenceanddigitalbusinessmodelinnovation:theenablingroleofdynamic capabilities.Entrepreneurship Theory and Practice,45(4), pp.867-905.