Australian Retail E-Business: JB HI-FI's Online Adaptation Report

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Added on  2020/04/07

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This report examines how Australian retail stores, particularly JB HI-FI, are adapting to e-business to increase their market share. It highlights the adoption of cyber computing enterprise resource planning (ERP) systems by companies like JB HI-FI, Wesfarmers, and Woolworths to streamline operations, automate processes, and enhance customer experiences. The report focuses on JB HI-FI's implementation of ERP to facilitate online shopping and improve communication. It emphasizes the importance of online presence in today's market and the potential for increased turnover and brand image through consistent adaptation of online business strategies. The report concludes that embracing e-business is crucial for retail stores in Australia to remain competitive and meet evolving client demands.
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E- Business and opportunities 1
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Topic: E- Business and opportunities
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This report reflects how retail stores in Australia are adapting towards online business
with a view to increase their overall market share. With the increasing ramification of economic
changes and complex business conditions, each and every organization is adapting online
business in their business functioning. There are several stores such as Wesfarmers, Woolworths
and Mayer who have installed cyber computing enterprises resources planning system in their
business functioning (Van Everdingen, Van Hillegersberg and Waarts, 2010). This system is
adopted by them with a view to ease their manual work and make automation in their business
functioning. It is considered that with the changing business environments, clients are more
clients towards company which uses sophisticated technologies in their value chain activities
(Katerattanakul, Lee and Hong, 2014). In this report, JB HI-FI Company has been taken into
consideration. It is an Australian electronic goods selling company. This company has installed
cyber computing enterprises resources planning system in their business functioning which will
help clients to shop online through its developed dashboards. This cyber computing enterprises
resources planning system in their business functioning will also increase the overall
communication between employees to employees and employees to clients. The operating
system of JB-HI-FI is completely based on the cyber computing enterprises resources planning
system in which all the works are segregated to different departments such as functional,
budgetary, matrix project department. It is evaluated that clients’ needs and demand have been
changing throughout the time (Gerow, et al. 2014). Many retails stores such as Wesfarmers, Red
Ballon and Dhaka have adopted cyber computing enterprises resources planning system in their
business functioning so that they could take their business online and create effective brand
image in clients. Market. This level of technologies adoptions allows clients to do window
shopping effectively by surfing on net (Flamholtz and Randle, 2012). This not only saves clients
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E- Business and opportunities 3
time but also allow them to broad their choices with millions of products choice. This level of
cyber computing enterprises resources planning system has shown a bright future for JB-Hi-FI to
increase its overall turnover and effective business functioning. If JB-HI-FI could consistently
adopt this level of cyber computing enterprises resources planning system to keep its business
online with unique features as per the expectation and client’s interest then it will surely result to
bright future and effective brand image of company (Flamholtz and Randle, 2012).
Now in the end, it could be inferred that this level of cyber computing enterprises
resources planning system will bring more simplicity and effective business functioning for
retails stores in Australia. However, innovation and creation of technologies will determine the
vulnerability of online business of retail stores throughout the time. However, with the present
level of demand and clients inclinations, if retails stores wants to create effective brand image
and increase their turnover then adoption of online business is very much required part of
business. Therefore, it could be inferred that retails stores and their online business has effective
and positive future.
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References
Flamholtz, E.G. and Randle, Y., 2012. Corporate culture, business models, competitive
advantage, strategic assets and the bottom line: Theoretical and measurement issues. Journal of
Human Resource Costing & Accounting, 16(2), pp.76-94.
Gerow, J.E., Grover, V., Thatcher, J.B. and Roth, P.L., 2014. Looking toward the future of IT-
business strategic alignment through the past: A meta-analysis. Mis Quarterly, 38(4), pp.1059-
1085.
Katerattanakul, P., J. Lee, J. and Hong, S., 2014. Effect of business characteristics and ERP
implementation on business outcomes: An exploratory study of Korean manufacturing
firms. Management Research Review, 37(2), pp.186-206.
Van Everdingen, Y., Van Hillegersberg, J. and Waarts, E., 2010. Enterprise resource planning:
ERP adoption by European midsize companies. Communications of the ACM, 43(4), pp.27-31.
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