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Monday, November 14, 2011

MGT603 GDB Solution

Total Marks   20
Starting Date Monday, November 14, 2011
Closing Date  Wednesday, November 16, 2011



“Strategic Management MGT603”
This is to inform you that Graded Discussion Board (GDB)
has been opened according to the following schedule

Schedule

Opening Date and Time
14-11-2011 At 12:01 A.M. (Mid-Night)

Closing Date and Time
16-11-2011 At 11:59 A.M. (Mid-Night)

Note: No extra or bonus/grace period is available for attempting GBD.

Discussion Question

Mr. Ali is running a retail store business for the past 10 years. His retail store business was thriving with full boom and he was earning a lot of profit. In recent times, many other retail stores have joined the competition and are leaving his company behind.

To solve this problem on urgent basis, Mr. Ali hired the services of a consultant to identify the areas where his business was lacking as compared to his competitors. The consultant found that Mr. Ali’s competitors were applying various new concepts of E-Commerce in their businesses and strongly recommended that Mr. Ali should do the same by first launching a website for the retail store on immediate basis.

Keeping in mind that by using E-Commerce, a growing number of companies are gaining competitive advantage, you are required to discuss what specific advantages will be acquired by Mr. Ali by launching a new website and applying other measures related to E-Commerce?

Instructions:

Read the following instructions before giving your comments on GDB:

  1. Use the font style “Times New Roman” and font size “12”.
  2. Your answer should be relevant to the topic i.e. clear and concise, max 100 words
  3. Do not copy or exchange your answer with other students.  Two identical / copied comments will be markedZero (0) and may damage your grade in the course.
  4. Books, websites and other reading material may be consulted before posting your comments but copying or reproducing the text from books, websites and other reading materials is strictly prohibited. Such comments will be marked as Zero (0).
  5. Obnoxious or ignoble answer should be strictly avoided.


















































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SOLUTION


plz try to write in your own words.
.

It will give easy access to the customer, provide easy promotion to the products, will distinguish from others competitors, ability to provide global market access, give a concept of modern techniques, allow for real-time communications and the interchange of data in the supply chain, making the supply chain more effective, will provide easily select products from different providers without moving around physically, will give Low operational costs and better quality of services. 

So E-commerce will be beneficial for ali’s business as increase sales, decreasing costs, Expands the size of the market from regional to national or national to international, allows for innovative business models, improves customer service and reduces the time exposure.

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First of all Mr. Ali should think out of box because success lies out of your comfort zone. He must apply technological advancements to his current typical paper based administration to enrich his business with IT like:
• Adopt computerized accounting system in his organization
• Promoting his business over the internet through E-Commerce
• Establishment of a dynamic web site to interact with the local and international market to meet with the business and market requirements
• Introducing a web based shopping system

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It will give Ali large number of customers which are educated decrease cost of marketing easy to promotion all time sales increase sinformation about your products and services to the customers Sell products and services directly. You can reach a global consumers.. 
E-Commerce is help to decrease marketing cost give information to the global audience 24/7 customer can make order at any time increase market share
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It will give easy access to the customer, provide easy promotion to the products, will distinguish from others competitors, ability to provide global market access, give a concept of modern techniques, allow for real-time communications and the interchange of data in the supply chain, making the supply chain more effective, will provide easily select products from different providers without moving around physically, will give Low operational costs and better quality of services.

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ECommerce offers tempting but economical boost to any size or kind of business. By opting for eCommerce, you can expand your market margins to global horizons or squeeze them to highly focused market segments, as per subjective business acumen and discretion. Even a small-scale business offering quality and reliability with confidence can easily find itself brushing shoulders with its esteemed competitors in least gestation period. It facilitates wishful manifestation of your business entity – as grand and sophisticated as you wish it to be. Budget would not really restrain you here from showcasing your attitude and essence through your website and online shopping cart.

Things considerably simplify with eCommerce – be it changing prices listed on your web page or customization of products; applying innovative business models or business process re-engineering; implementing higher degree of specialization or enhancing productivity and customer care – everything hardly takes time to implement/ incorporate and exhibit.

Not to mention, quality eCommerce services collect and manage valuable customer-related information, including customer’s ordering patterns, to build a comprehensive customer database.

This database vitally sharpens your marketing and promotion strategies to be remarkably on target.

As regards your business partners, eCommerce aids you in minimizing supply chain inefficiencies, bringing about reduced inventory requirement and lessened delivery delays, thereby rendering you more confident about your business collaborations with your suppliers and service companies.

eCommerce inherently streamlines and automates the entire backend business process, assimilating speed and efficiency to your business activities.

As you introduce eCommerce facility to your customers, you render their shopping experience highly fluent and convenient. eCommerce seems all the more indispensable for your customers in the wake of consistently shrinking time with them to spare for shopping offline. What’s more, online shopping lets your customers reap benefits of online economies, as they often pay lesser price for identical products/ services available offline.

eCommmerce-based business benefits the society as well! As your onsite manpower requirement reduces, it lessens the burden on infrastructure and lowers demand for elaborate office complexes and spacious parking lots.

As good as it may sound, eCommerce has its own share of obstacles too that hold it back from assuming it’s full potential. To begin with, Internet in itself is still to touch the lives of a large chunk of people as an integral way of life. There are tangible privacy and security issues that keep people on guard, as they face a dilemma each time they need to divulge highly personal information online, as and when they transact online.

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