logo

Online Business Strategies for Retail Stores

   

Added on  2020-03-23

4 Pages668 Words167 Views
 | 
 | 
 | 
RNNING HEAD: Retail stores online business1Name of the student-Topic-Retail stores online businessUniversity Name-
Online Business Strategies for Retail Stores_1

Retail stores online business2This report reflects the adoption of sophisticated Technologies in online retails stores andhow company could increase the overall efficiency of business by using technologies. With theincreasing ramification of economic changes, Trade Secret Company retail store has increased itsbusiness efficiency by installing cyber computing enterprises resources planning in their valuechain activities. These levels of adoption of advanced technologies establish automation incurrent operation of its business and reduce the complexity of business. For instance, adoption ofERP system will help Trade Secret Company to reduce the communication complexity andmanual works in determined approach (Wu andTseng, 2014). Cyber computing ERP system willestablish automation in manual works and reduce the complexity of business in determinedapproach. This has shown that if proper level of technologies adopted by Trade Secret Companyindulged in retails business then it will increase the business efficiency and reduce the manualwork system. With the increasing market growth of retail business, many organizations are usingstrategic planning to increase the effectiveness of their business in retail store business.However, there are several stores and companies such as Trade Secret Company, BarbequesGalore Bakers Delight and Leading Edge group who have adopted cyber computing ERP systemin their value chain activities to grasp clients through online portal (Piotrowicz and Cuthbertson,2014). In today’s world, clients are inclined towards buying goods and services from theorganizations which are using updated technologies and come up with attractive strategicplanning. Therefore, it could be inferred that if companies adopt cyber computing ERP system intheir value chain then it will surely result to increment in overall profit by 20 %. Many businessorganizations are adopting online dashboard to increase the client’s satisfaction in determinedapproach (Strauss, 2016). The main advantage of adopting online retail business of Trade SecretCompany is related to expanding retail business to international market share. However, another
Online Business Strategies for Retail Stores_2

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Hayden Shapes Surfboards & Online Business
|4
|696
|85

E-Business and Opportunities: Dhaka Supreme Case
|6
|1044
|75

E-Business and Opportunities in Retail
|5
|742
|62

Online Business Strategies for Retail
|4
|796
|256

Online Retailing: Future of Australian Stores
|5
|794
|49

Impact of IT on Organizational Management Aspects - Desklib
|10
|2959
|439