Electronic business (e-business) can be defined as the use of the internet to network and empower business processes, electronic commerce, organizational communication and collaboration within a company and with its customers, suppliers, and other stakeholders. E-businesses utilise the internet, intranets, extranets and other networks to support their commercial processes (Colin Combe, 2006).
Companies go online to engage in advertising, buying and selling of products and services. Due to the increased competitiveness in the hypermarket industry, the adoption of e-business has helped companies gain a competitive edge over their peers in terms of reduced costs, increased revenue streams and greater customer satisfaction. Operational costs such
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II. OBJECTIVES AND SCOPE OF THE REPORT
The main objective of this study is to examine the important and advantages for Tesco in using e-business strategy to compete with competitors. It also includes on how Tesco could satisfied their customer needs or demands adequately with their e-business strategy and how Tesco could improve their current model and make it even better.
In this report, the writer will explain the background of Tesco, purpose, benefit, the shortcomings and the impact on its business by using e-business strategy, as well as the developments in the strategies and business models of online supermarket retailing.
The preceding section on objective set the basic scope of this report. These studies are limiting the scope to the benefit of using e-business strategy at Tesco and the impact of its business. The reasons behind the limitations are to maintain a focus on the
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The company was also the first UK retailer to register profits of more than £2 billion. This is hardly surprising given that for every £8 spent by UK consumers, £1 will be spent in Tesco. Part of the reason for the success of Tesco has been the ability of the managers at the company to determine exactly what their customers want and provide it quickly, efficiently, conveniently and at low cost. The company has been able to draw customers away from rivals whilst consolidating their grip on the loyalty of their existing customers. Tesco has been able to use the value of the brand to enter the financial services market successfully. Where rivals have struggled to make much impression against traditional financial services retailers, Tesco has used the brand effectively to offer a range of services such as savings accounts, travel and motor insurance, and loan facilities. There has also been an internet mortgage-finder service. A partnership agreement with the Royal Bank of Scotland ensured that customers received a quality service that they could trust. However, one of the most risk-bearing and adventurous initiatives adopted by Tesco was
Tesco’s also use E-Marketing remixes to help develop their E-Business. E-Marketing is how the website looks in order to sell your products and services, to make it easier for customers to buy products online Tesco’s have made the website easy for all people to use. They have a previous buy items page for customers when they sign in so they can see what they brought on their last delivery to make it easier and faster to choose what to buy.
COMBE, C. ( 2006). Introduction to e-business : management and strategy. Amsterdam ; Boston: Butterworth-Heinemann.
Tesco is one of the world’s international retailers and is recognised as the market leader in the UK supermarket sector. Tesco state that their core purpose is ‘to create value for customers to earn their life time loyalty’
Tesco also has a lot of things that are used by the method about computerised and electronic system to operate it. Hence, it will make more effective to Tesco for its operation. For example, the control of stock and constant replenishment are used by the method about electronic system. Time management, the use of barcodes, the commercial in radio and television, printed flyers promote the products that Tesco sell and offer coupons to the customers use the computerised and electronic methods too. In this high-tech era, the company, Tesco has already expanded their business into international branches in the countries that are at Asia. Tesco also operates an online banking, online bookstore and published the price comparisons of supermarket on the internet too since 1999. It means that Tesco uses e-commerce to expand their business
Over the past years internet and web technologies have reshape the business world. Electronic Commerce change the way businesses conduct business; how its process is implemented, and complemented to achieve the structures of an altered industry shifting the power of corporation, suppliers, and customers. Throughout the industry companies have to evaluate opportunities and threats that are present, even though there are many companies in existence that were created before the e-business explosion. Large and mature corporation found it difficult to adopt to the e-business trend.
Because of globalization, today where clients are looking up for partners rather than suppliers so that they can help them to become more competitive and win more business, e-business is becoming an important issue. E-business will help them in decrease in transaction costs as there will be efficiency in the approval process. Even the purchasing department will become more effective and at the same time it will help in strengthening the partnerships.
Introduction. A case study of a medium size firm is discussed in this assignment which manufactures, sustain service and support scientific machinery. In order to finish the given demand, the following task is going to deal in this respect. Task A. By using at least five analytical instruments in strategic management formulate an adequate E-business strategy for the firm. My suggested strategy is based on my analysis, and supported by evaluation of my proposed ways, showing its suitability for the company, and also its relation to the firm's business strategy. Task B. In this part, I am going to discuss the challenges of adoption of e-business and solve the Critical Success Factors (CSFs) for E-business in relation to the firm. Task C. In this task, I am going to critically review the analysis that the firm should conduct in relation to operations in a new country with a perception to improving performance. Table of contents
Purpose – This paper sets out to discuss the development of an e-business strategy by a UK soft drinks company. It is based within the Fast Moving
For Better Books of Mackay to have a better understanding of what an E-Business is, a definition has been provided below. An E-business is a business which is conducted over the internet including the sale and purchase of goods. An E-business also provides customer support as well as services and information to allow businesses to communicate with customers as to what they want from the business. It also includes managing internal processes as well as the external processes such as marketing and the supply of goods and services. Although the way the business and its relationships are managed hasn’t changed from the traditional style of a brick and mortar business, E-businesses are commonly being known as B2C or B2B. The way in which E-business is defined is very broad. There are many facets which E-Business has including Information and Communication Technologies, Electronic Transactions, Customer Support, and Collaboration with Business Partners.
Electronic business, commonly known as "eBusiness" or "e-business" ,is a business running on the Internet. Beside buying and selling, it also serves a much wider consumer base and collaborates with business partners. The term also has an accurate definition -"interaction with business partners, where the interaction is enabled by information technology". When information technology has become more accessible, much cheaper and more powerful, E-business has become a new trend. Because of low running cost, E-business lowers transaction costs and has hundreds of millions of participants already. The world is now full of people who are much more familiar with advanced technology than twenty years ago. E-business, therefore, is understandable to
Salvatore (2013) defines electronic commerce or e-commerce stating, “E-commerce refers to the production, advertising, sale, and distribution of products and services from business to business and from business to consumer through the internet” (p. 150). These activities can take place in many environments between businesses and consumers. E-commerce has changed the way goods and services are exchanged and have given light to businesses and consumers to exist on a global scale without an established brand. With e-commerce defined, let us look at its origin.
Explain what an e-business strategy is in terms of its importance in planning and controlling organisation’s e-business.
In this case analysis, we use the term e-Business as a broader definition of e-Commerce (EC), not just solely describing the buying and selling of goods and services, but conducting all kinds of business online such as servicing customer, collaborating with business partners, delivering e-learning, and conducting electronic transactions within an organisation. This has to be stated since in some sources, the terms EC and e-Business are considered equivalent.
There is so much arguing about how does the internet changed normal businesses into something more complicated, E-business is defined as the use of the internet or any network to empower any business process and support the core activities such as, advertising, customer’s services, electronic commerce, organization collaboration and communication with suppliers, customers and maybe stakeholders (Colin, 2012).
The phenomenal growth of the internet since the mid- 1990s is an unprecedented event in the history of information and communications technology (Chircu et al, 2000). The internet has already fundamentally changed the way many organizations think about and perform their work. The last few years have shown us the revolution of e-commerce in all over the world; so many organizations take this opportunity in our dynamic environment and adapt themselves in order to take the benefits of this new business model. To improve profits and achieve strategic sustainability in a rapidly changing competitive environment, many Websites have been repackaging themselves by targeting new markets, expanding into the offline world, forming alliances, licensing software, and adjusting their core offering to focus on the most profitable products and customers (Chircu et al, 2000). It’s also important to recognize that ecommerce applications are business in itself rather than only supporting it. E-commerce is defined as “the exchange of money, information, services, and products between economic entities over the internet, networks, and other digital technologies” (laudon & laudon, 2004). E-commerce involves any business transaction executed electronically between parties such as companies “B2B” business-tobusiness, companies and consumer “B2C” (business-to-consumer), participant individuals with one serving as a buyer and the other as a seller “C2C” (consumer-toconsumer),