E-commerce System for De Montfort University: SWOT Analysis and Porter's Competitive Model
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This article discusses the e-commerce system of De Montfort University, including a SWOT analysis and reflection of Porter's competitive model. It also suggests promotion techniques for the university.
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RUNNING HEAD: E-COMMERCE SYSTEM e–commerce system
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E-COMMERCE SYSTEM1 Contents Introduction................................................................................................................................1 Swot analysis of De Montfort University..................................................................................1 Strengths.................................................................................................................................1 Weakness................................................................................................................................2 Opportunity.............................................................................................................................2 Threats....................................................................................................................................2 Reflection of Porter’s competitive model..................................................................................3 Threat of entrance of fresh competitors..................................................................................3 Bargaining power of suppliers................................................................................................3 Bargaining power of buyers and customers...........................................................................3 Threat of substitute technologies and services.......................................................................4 Competitiverivalryamong the existing firms in the industry................................................4 Promotion techniques.................................................................................................................4 Conclusion..................................................................................................................................5 References..................................................................................................................................6
E-COMMERCE SYSTEM2 Introduction Electronic commerce often abbreviated by the term e- commerce comprises of the selling and buying of product as well as services over the networks of electronic system. It serves many uses such as internet marketing, transaction processing, electronic transfer of funds in addition to supply chain management. The updated channels of e commerce commensurate ontheplatformofWorldWideWeb.Heavypercentageofecommerceissteered electronically for the cybernetic items. It provides an easy access to the international market. De Montfort University (DMU) is a public university well known for its zeal and excellence in England. The department of UK Education has bestowed the institution as “gold rating” in the year of 2017 for its fineness in teaching and of highest quality in multidisciplinary working (De Montfort University, 2018). The DMU University uses the framework of e commerce system for its exposure worldwide and in an attempt to influence the targeted customers. The university covers a wide range of students from China, Malaysia, England and various others around the globe. Still, measure needs to be undertaken for the implementation of strategic plan in increasing the number of international students. PART 1: Swot analysis of De Montfort University Strengths DMU offers a wide range of domestic and international bursaries in the areas of growth and exposure. The student get the surrounding environment of the respective country within the campus. Activities like music, theatre, calligraphy workshops etc. takes place in everyday routine. DMU is ranked as topmost among 50 universities in the country as it has been continuously generating employability for the students just after the admission mechanism. The biggest advantages realised is the attainment of international experiences in achieving the career projections. The university have tie up’s with well-known brands and personalities say for e.g. Stella McCartney and Lady Gaga. The location of the university is also distinguished as it is an easy access to reach the city centre in Leicester from London with low amount of living wage. Leicester is a less congested city with near about everything included in it. The average charge for an intercontinental student tuition fees amounts to£11,987, whereas for the class room built courses it is £11,750 (UKUNI, 2018).
E-COMMERCE SYSTEM3 Weakness There is a policy of first come first served basis. Various distinctive qualities and identity are not recognised. Presence of fiscal uncertainty is also there in DMU. For staff and faculty development there is limited resources. Occurrence of sluggish response to community in addition with student’s needs. There has been continuous adjustments towards pressures of growth. Opportunity Imparting of education for nourishing intellectual enrichment in students of all age group (Thomas, Chie, Abraham, Jalarajan and Beh, 2014). There is a wide array of opportunities available worldwide on online platform. Diversity in province of both students and industry. New construction and growth potential should be recognised. Plans should be formulated in the expansion areas of academic program and cultural activities. There should be mutual balance of interest between societal and curricular networks. Partnership dealt in favour of DMU University and global initiatives. Threats The major impact arises from the federal policy changes and reductions in funding. Nearby and well recognised names are outlook as constant threat in terms of rivalry competitors for DMU. The uncertainty factor in economy is also a problem. Danger of losing the prominent facultyand staff tocompetitorsfor betteropportunitiesoffered (Altbach,2015). The consequences of negative perception in mind set of people.
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E-COMMERCE SYSTEM4 (Source: DIY – DMU, 2018) PART 2: Reflection of Porter’s competitive model Threat of entrance of fresh competitors New rivalry competitors keeps on emerging because of its attractive scope and high profit margins. In case of DMU, there has been negligible added numbers of novel campus grounded entries. This results in limitation of profit percentile for DMU. Bargaining power of suppliers Universities purchase multiple services which range from the benchmark of campus cafeteria in food services to the extent of executive and academic staff. DMU reflects to be in strong hand in process of negotiation as the number of service providers as well as alternatives are countless.Someoftheaforesaidmentionedcoversacademicstaff,bookpublishers, administration panel, technological and service providers, banks etc. Bargaining power of buyers and customers There are various parties which are critical to the DMU in generating of revenue such as parents, students, alumni panel, research funders as well as content licensors (LeGates & Stout, 2015). The key dimension is that many of the buyers have inadequate power within the academia. The donor of the funds also have liberty in selecting most profitable area of
E-COMMERCE SYSTEM5 investment. On the part of student, the enrolment decision lies after selection procedure is compiled up. Threat of substitute technologies and services There is lower cost in utilization of alternatives like community colleges. Likewise, existing oremergingcertificateprogramsgenerateatgreatpace.Themarketofeducational background around DMU keeps on influencing the targeted customers. New substitutes emerges with a propagation of digital stages. With the event of massive open online courses such as Coursera and EdX, the classroom based academia is affected (Burd, Smith and Reisman, 2015). Competitiverivalryamong the existing firms in the industry There has been a generous and strong competition in the categorisation of type of university, fees, ranking, reviews and location. The rivalry among universities is robust to say the least. However, it is intense and offers mostly distinguished services to the individuals by enticing the key areas of teaching arrangements and updated research. PART 3: Promotion techniques 1.The channels of marketing through social media sites should en encouraged such as Instagram and Facebook marketing tactics. 2.Video and animation can result in a proven way to popularize programs, campuses, courses and advertisement on DMU website and other areas (Knight, 2015). 3.Leveraging faculty and team members for opting to digital PR platform. 4.The tools of info graphics and visual resources could be used to aid admission teams in dealing with industry and career statistics. 5.Virtual tours and reality should be transparently displayed within higher education (Burbules and Torres, 2013). 6.Fees structure, discount rates and placement structure should be highlighted, making the choices easy for targeted customers. 7.The grievance’s redressal mechanism should be given due importance. 8.The number of daily visitors on website and their respective areas of interest should be critically analysed.
E-COMMERCE SYSTEM6 Conclusion The evidence show that studying at DMU is quite cheaper in comparison with University of Leicester. Apparently for improvement in English language, many uninterrupted English courses are routed. Students are nourished in various areas and paid individual attention. Also, there are many workshops provided by DMU in order to help students gain practical knowledge as well. The tutors in the academy are highly qualified and supportive in nature. The admission procedure include IELTS test, in case of non-occurrence of above the gateways of DATE test with nil cost is open. There has been constant support in addressing the grievances of international students regarding admission in DMU and accommodation part. Henceforth, DMU should maximise efforts for extending strengths and benefits of studying at former. The promotional tactics should be enlarged to reach targeted potential students and influence the choices of decision respectively.
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E-COMMERCE SYSTEM7 References Altbach, P., 2015. Higher education and the WTO: Globalization run amok.International Higher Education, (23). Burbules, N.C. and Torres, C.A., 2013.Globalization and education: Critical perspectives. Routledge. Burd, E.L., Smith, S.P. and Reisman, S., 2015. Exploring business models for MOOCs in higher education.Innovative Higher Education,40(1), pp.37-49. De Montfort University, 2018.About us(online). Available athttp://www.dmu.ac.uk/ [Accessed on 1stApril 2018]. Knight, J., 2015. Five myths about internationalization.International higher education, (62). LeGates, R.T. and Stout, F. eds., 2015.The city reader. Routledge. Thomas, S., Chie, Q.T., Abraham, M., Jalarajan Raj, S. and Beh, L.S., 2014. A qualitative review of literature on peer review of teaching in higher education: An application of the SWOT framework.Review of educational Research,84(1), pp.112-159. UKUNI,2018.Top10reasonstochooseDMU(online).Availableat https://www.ukuni.net/articles/top-10-reasons-choose-De-Montfort-University[Accessed on 1st April 2018].