Digital Business Management and Emerging Technology
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This report discusses the e-business model, competitive and digital business strategies, digital marketing strategies, customer traffic data, e-CRM, social network channels, and cyber security measures of GAP Inc. in the context of digital business management and emerging technology.
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Digital Business Management and Emerging Technology 1
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Table of Contents Introduction.....................................................................................................................................3 Main Body.......................................................................................................................................3 Identify the E-business model and Consider E-business concepts and approaches to comment on specific strengths and weaknesses.........................................................................................3 Identify competitive strategy and digital business strategy the company has followed.............4 Identify their digital marketing strategies...................................................................................5 Discuss the customer traffic data and provide recommendations/suggestions...........................6 Identify the company’s e-CRM and social network channels linked with the website..............6 Identify the cyber security measures the company website has in place discuss if the company website comply with e-business ethics.......................................................................................7 Conclusion......................................................................................................................................8 References.......................................................................................................................................9 2
Introduction Digital business use various technologies to create new value in different business models and effective customer's experience for getting a support its core operations. These terms are helpful for generating different business models and traditional players that are used for transforming business ideas with different business technologies. With the use of emerging technologies like artificial intelligence, robotics and etc. are used in companies to enhance their practices in different matters (Arias-Pérez, Velez-Ocampo and Cepeda-Cardona, 2021). The chosen company and a website for completing this report is GAP and its website is Gap.co.uk. It is a retail industry and founded in 1969. Its headquartered is in San Francisco, California, US, but the company serve their services to their valuable customers at worldwide (Gap Inc., 2021). The main products that the company serve to their customers are Apparel, Accessories and different type of personal care products. This reports highlights the E-business model which the chosen company use, its concepts and approaches are identifying throughout the project. Furthermore, a brief description of competitive strategy will be used to work and make systematic growth in different manner. In addition to this, digital marketing strategies and a discussion will conduct for company's specified options. Furthermore, market intelligence strategies, customer trafficking data, company's E-CRM and social network channels that are used by the company's website.In last cyber security measures that the company's website and their compliance with e-business will be discuss in this report. Main Body Identify the E-business model and Consider E-business concepts and approaches to comment on specific strengths and weaknesses There are different E-business models that are used to make trading of goods and services in different manners. E-commerce industries are growing in the digital market and with the developing emerging technologies (Campino, Brochado and Rosa, 2021). The chosen website is Gap company that deals in retail industry and the company is now shifted to their first digital strategies and make growth in different matters. E-business simply refers to an approach in more effective manners that helps the company to become more profitable approach business on internet. There are mainly four type of e-business models some of them are, B2B, B2C, C2B, C2C and government administration (Types of E-Commerce, 2021). In context to the Gap 3
Website, it is consider that they are working on global business model and style that are used to work on systematic changes and classified as the cost leadership approaches. This will be related to different matters and make systematic approaches as effective using of e-commerce models. The company is mainly focusing on Business to customer and Business to Business models. It will be helpful for the growth to work and make systematic changes in different type of industries. Gap try to start their products dealing facilities into the market with both approaches (Coronavirus strategy: Gap Inc. pushes into B2B e-commerce, 2021). E-business concepts and approaches E-business is the administration that is used for conducting business using with internet, web and intranet. This is used by the companies to complete buying and selling products by using commercial transaction with the help of internet. The Gap company is working on the effective strategies and able to work in effective growth in electronic platform. There are different strength and weakness of the website that a company gain and face respectively (Dornberger and Schwaferts, 2021). Strengths: The strength is basically E-commerce website gives a strength to global market and this will helps in facilitate the development of global retailers. Furthermore, it is cost effective and time saving for the customers and management team also. Weaknesses:Security is the biggest challenge for the company, as there are personal and financial information are provided at e-website. So, this may lead to the develop fraudulent activities in different manners. Identify competitive strategy and digital business strategy the company has followed Competitive strategy Competitive strategy is refereed to make a long term plan for the specific growth to gain competitive advantage over the different competitors. Gap Inc. use effective competitive strategy in different manner that is useful for growing market and strength in various perspective. They include porter's competitive strategies:Cost leadership:Thus suits for the large organisation, as there are the company can produce big volume products at low costs. It will be helpful for the company to gain high amount of profit by providing their products and services at low costs.Differentiation leadership strategy:It requires identifying a unique quality that makes a significant for the growth of company in an appropriate manner. It allow the company to 4
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make differentiation within their products range and gain profit (Kraft, Helm and Dowling, 2021). Focus strategy:This segment is further divided into cost focus and differentiation focus strategy. Cost focus mainly implies their strategy into targetting market with some unique needs. Whereas, differentiation focus is mainly implies on specific market but their driving force is unique and specified. In the context to Gap Inc. they are using cost leadership strategy for gaining more market segment and attract large number of customers (Gap Inc. Business Strategy and Competitive Advantage, 2020). But it is recommended that the company can use the differentiation strategy as it will help the company to build reputation and sell their products to sophisticated customers who wants to buy their products at moderate price with high fashion clothing. Digital Business strategy This is mainly focus on using new and innovative technologies for upgrading the websites and enhancing the overall performance of the company. With the help of effective digital business strategy, some of them are content marketing, affirmative marketing and email marketing. In the context to Gap Inc. it is analysed that the company can use Online selling, Start B2B business platform and interaction with content marketing. It will help the company to increase its market share by effective rate and generate more profit (Porsayev, Ratten and Usmanij, 2021). Identify their digital marketing strategies Digital marketing is helpful for the company to focused on the impact of the activities, as it is essential and helps in growth of the business. Some of the strategies are useful for achiveing goals and need to accomplish the targets and growth into the market. These strategies are explained below:Social media marketing:Most of the customers are highly reliant on the social media platform such as Instagram, LinkedIn and Facebook. This seems helpful in make effective growth and achieve appropriate growth in the sales of the company.Content marketing:This allow the company to make appropriate marketing team that become proactive and create effective assets for the growth of their products. This increase the footfall of the customers at the company's website. 5
SEO:Search engine optimization is used for improving the website and ranks high in the search engine results for keywords. It is helpful for the growth of the company and enhance their basic practices. Gap Inc. use effective digital marketing strategies that would be helpful for the company. Gap is using social media marketing for make more appropriate growth in different international and national platform (Sahut, Iandoli and Teulon, 2021). It is recommended that, company should use SEO and Content marketing approaches that are helpful for the company to work effectively and achieve growth in the terms of competitive advantages. Discuss the customer traffic data and provide recommendations/suggestions Customer traffic data is also known as mobility of data that can be reveal as consumer trends that are used to make a strategic decision in the different industries. It will be helpful for associated to work with different places and make physical stores. Mobility of the data can be collected via mobile devices and Wi-Fi connections. There are different struggles that is related to customer traffic data but still this process gains to make an access of enough information to produce meaningful insight at online platform (Schiavone and et.al., 2021). This is helpful for perfecting the design of retail outlets, understand the customer's segment and make customer demographic. Which eventually help the company to determine the best location and need of customers. Most of the companies are relies on the customer traffic data as it helps the company to enhance their strategy and work as per the significant growth into the market. For the Gap Inc. it is recommended that the company should invest in the online websites like SimilarWeb and get social on the social mediato helps the customer's need and demand. It further help the respective firm to strategies their objective in more effective ways (Market Intelligence & Audience Research Solutions, 202). Identify the company’s e-CRM and social network channels linked with the website E-CRM: E-CRM is the application that is used for make internet based technologies such as emails, websites and forums to achieve the CRM objectives of the company. An efficacious E- CRM practices will be helpful for the company to increase efficiency as well as improve an interaction with the customers. GAP Inc. increase their E-CRM practices that leads the growth in different practices and achieve systematic growth in their basic practice. These practices will help the company to get a better solution, decline cost and losses and enhance the better 6
understanding of supply and demand (Tajudeen and et.al., 2021). It is recommended that the company can improve their customer relation by matching their needs and behaviour with suitable offers and greater efficiency. Social network channels: Social market can be incredibility for make effective tools for business to great and make systematic changes in business activities. There are different social media channels that are associated to enhance their working style that will improve the standards and performance of the company. Some of the channels are: Facebook:With more than 2.7 billion users worldwide, Facebook is pretty much ensure the social media for marketing channels. Many of the business are on this platform and increase their customer base and achieve targeted market revenue. Instagram:It is a visually oriented social media platform where a company can upgrade their new offers to this platform and achieve systematic growth. With the help of social media platform, audience can work as per the audience and make content to achieve higher profit (Wielgos, Homburg and Kuehnl, 2021). There are so many other channels like YouTube, LinkedIn, Twitter and many more. Gap Inc. are using Instagram and Facebook for the growth in their social media channels. It is recommended to the company should analyse effectively different platform and achieve growth by attracting more customers. Identify the cyber security measures the company website has in place discuss if the company website comply with e-business ethics Cyber security measures to make a structure, process and practices that are used to make effective design and protect online networks, programme, unauthorised access and damages. It helps in measuring the performance to keep information safe and secure from damages. It is basically helpful for different hardware and software along with informative on internet. For the GAP INC. it is important for them to take effective measures related to cyber security such as making strong passwords, get selective control access, Put on a firewall, use security software and monitor the intrusion (Campino, Brochado and Rosa, 2021). All of these make a strengthen progress and achieve the e-business ethics and apply to the market. These business ethics are associated to the platform and achieve appropriate growth in retail industry and develop the strategic information with appropriate information. 7
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Conclusion From the above report, it has been analysed that e-commerce industries are very helpful for the growth of market and make appropriate approaches to use digital technologies. With the help of digital marketing tools, the company can make appropriate actions furthermore enhance the sales and revenue generation to work effectively into the market. It is analysed that different e-business models are used and evaluated for working effectively into the digital industry. Furthermore, most of the companies use competitive strategies and digital business targetted to enhance their performance and achieve targeted objectives. Moreover, it is determined that most of the companies use different digital marketing strategies like SMO, PPC, Digital platform and many more. In addition to this, customer traffic data and its importance are analysed within the report that helps the company to improvise their performance and sales. In last, E-CRM, social networking channels and cyber security methods are analysed for the appropriate growth of the company in digital business platform. 8
References Books & Journals Arias-Pérez, J., Velez-Ocampo, J. and Cepeda-Cardona, J., 2021. Strategic orientation toward digitalizationtoimproveinnovationcapability:whyknowledgeacquisitionand exploitationthroughexternalembeddednessmatter.JournalofKnowledge Management. Campino, J., Brochado, A. and Rosa, Á., 2021. Digital Business transformation in the banking sector. InResearch Anthology on Concepts, Applications, and Challenges of FinTech (pp. 186-215). IGI Global. Dornberger,R.andSchwaferts,D.,2021.DigitalInnovationandDigitalBusiness Transformation in the Age of Digital Change. InNew Trends in Business Information Systems and Technology(pp. 1-13). Springer, Cham. Kraft, P., Helm, R. and Dowling, M., 2021. New business models with Industrie 4.0 in the German Mittelstand.International Journal of Technology, Policy and Management, 21(1), pp.47-68. Porsayev, G., The Emerging Business Models in the Digital Economy.International Journal on Orange Technologies,2(12), pp.3-6. Ratten, V. and Usmanij, P., 2021. Entrepreneurship education: Time for a change in research direction?.The International Journal of Management Education,19(1), p.100367. Sahut, J.M., Iandoli, L. and Teulon, F., 2021. The age of digital entrepreneurship.Small Business Economics,56(3), pp.1159-1169. Schiavone, F., Mancini, D., Leone, D. and Lavorato, D., 2021. Digital business models and ridesharing for value co-creation in healthcare: A multi-stakeholder ecosystem analysis. Technological Forecasting and Social Change,166, p.120647. Tajudeen, F.P., Nadarajah, D., Jaafar, N.I. and Sulaiman, A., 2021. The impact of digitalisation vision and information technology on organisations' innovation.European Journal of Innovation Management. Wielgos, D.M., Homburg, C. and Kuehnl, C., 2021. Digital business capability: its impact on firm and customer performance.Journal of the Academy of Marketing Science, pp.1-28. Online Coronavirus strategy: Gap Inc. pushes into B2B e-commerce, 2021. [Online]. Available through: <https://www.digitalcommerce360.com/2020/07/30/coronavirus-strategy-gap-inc- pushes-into-b2b-ecommerce/>. Gap Inc. Business Strategy and Competitive Advantage, 2020. [Online]. Available through: <https://research-methodology.net/gap-inc-business-strategy-and-competitive- advantage/>. Gap Inc., 2021.[Online]. Available through: <https://www.gapinc.com/en-us/>. MarketIntelligence&AudienceResearchSolutions,2021.[Online].Availablethrough: <https://www.similarweb.com/corp/research/>. TypesofE-Commerce,2021.[Online].Availablethrough: <https://www.indiafilings.com/learn/types-of-e-commerce/>. 9