ELECTRONIC BUSINESS2 Electronic Business The modern business operations have adopted the maximization of the use of the internet in order to market and even sell their products to the consumers. The electronic business promotes the exchange of goods and services through the maximum utilization of communications and information technology. The e-business model that enhances the exchange of goods and services between the business operators and the customers is the business to consumer (B2C). This e-business model ensures that the exchange and the relationship between the consumers and the business are in line with each of their needs. The companies which have adopted this model are able to sell their products directly to the end users via the websites. The customers get the access to the business website then they select a good that they wish to purchase before placing an order. The business then delivers the ordered product to the end user (Goworek & McGoldrick, 2015). The industry of interest is the retail industry which involves the selling of goods and services to the consumers through different channels of supply so as to enable the business to acquire profits. This industry is known to be growing faster especially with the use of internet which makes the online retail an essential business as it makes it easy to meet the needs of all the different markets. The e-business in the retail business is more advantageous than the traditional way of shopping which entails the malls. The business owners do not need to invest in a space so that they may build a mall that customers may be able to access. The e-business makes it convenient for the customers to access the website and make orders and then the products can be easily delivered to the customers at the chosen destination. The retail industry uses the BC model
ELECTRONIC BUSINESS3 which ensures all the consumer needs have been met as it also incorporates the information communication and technology strategy. The three companies selected in this industry to be reviewed include the Amazon, The home depot and the Letstango.com which is based in the Middle East. The Amazon website is http://www.amazon.com/ and the website for Best Buy is http://www.bestbuy.com/ while the one for Letstango.com is http://www.letstango.com/. These three companies have been selected because they have the possibility of enhancing faster growths in the online retail business by making substantial profits from the same. The 7C’s include context, content, commerce, customization, community, communication and connection (Brown et al, 2008). The websites context includes a beautiful appearance for the best buy and an appealing customer interface while Letstango has incorporated a nice visual color selection. Amazon has a functionality and a color scheme as well as a nice font. The Best Buy and Amazon both have a good section breakdown that enables the customer to easily access the products in order to place orders. In terms of the content, the Amazon company has most of its text focused on the sales and discounts while Letstango is focused on products marketing whereas the Best Buy website is good at minimal prices in that the customers are called to save on every purchase they make. The commercial transactions are most likely to be conducted by all the companies since they deal with international sales and shipping. The customization in Amazon allows the users to personalize the site for themselves in order for them to show their products to Amazon millions of customers. The websites do not always grant its users the ability to be able to customize the websites for their own benefit. They offer an account segment by which the user is to create an account with the site in order to make business transactions. In terms of the community, the sense of membership is depicted as well as the common interests shared among the users.
ELECTRONIC BUSINESS4 Amazon and Lestango have ensured the feelings of membership to its members by including all the category of products on the site so that every user may be able to access the products. The shared interest in electronics is good at the Best Buy site as this makes up a community on its own. The site to user communications is available on Letstango website whereby there is a live chat portal at the bottom corner and the users are able to communicate with the site. The Amazon website has a connection link to the Souq.com which is an Amazon company based in the Middle East. Based on the outlined analysis, Best Buy is considered to be having the weakest website than this other sites. The retail industry is wide in its sells of goods and services and this means the industry has high competition among the involved companies. A variety of products is needed as much as a more technological appealing website that would attract customers into purchasing the products. The online retail industry has to be appealing since the selling of goods is made directly to the end user through the distribution channel. If Letstango has to provide the educational products for free, they would opt to advertise this on the site since it’s a trusted online retail that is known to be quickly growing as well. This way the site will attract more consumers into viewing their products and even purchasing the same as much as they offer the educational product for free. They may opt to include gift guides on the website or add affiliate programs to help bring in more free educational products. This would be relevant since the site promotes the sales of all the market segments (Armstrong et al, 2015).
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
ELECTRONIC BUSINESS5 Reference Brown, C. V., DeHayes, D. W., Hoffer, J. A., Martin, W. E., & Perkins, W. C. (2008). Managing information technology. Prentice Hall Press. Armstrong, G., Kotler, P., Harker, M., & Brennan, R. (2015). Marketing: an introduction. Pearson Education. Goworek, H., & McGoldrick, P. (2015). Retail marketing management: Principles and practice. Pearson Higher Ed. http://www.amazon.com/ http://www.bestbuy.com/ http://www.letstango.com/