23726201

Essay Topics: Accessed 2012, Business model, CUSTOMER RELATIONSHIP, CUSTOMER RELATIONSHIP MANAGEMENT, Internet site,
Category: Article examples,
Words: 3030 | Published: 12.23.19 | Views: 489 | Download now

Business, Environment

Get essay

string(67) ‘ or diverse part of garment, or employing alphabet-order company list\. ‘

Advantages The researchers who designed the Internet almost certainly did not realize their invention completely transformed our world today. From just how people connecting, connecting with social network, to how and where people work, Net is now impacting on our daily lifestyle in every sizing. Internet nonetheless and will continue change our life and behavior, in accordance to data, nearly a 3rd of community population will be Internet user, and this amount is still growing in a unprecedented acceleration (IWC, 2012).

Internet affects almost every aspect of persons daily activities, thanks to the Internet, people may virtually searching without going and obtain items sent to the front door in a matter of times. Information has become much more accessible over the Internet, persons can share their your life using blogging, and not to note that world of business has widened to a totally new dimension. Business or person can now goal a much more wide consumers around the globe. As much as the net has changed each of our personal lives, the business world has revolutionsied practically beyond recognition since the Net era.

Jeremy (2011) claims the surge of Internet and also other technologies may be the start of Third Commercial Revolution. Although there is still ongoing debates relating to this theory, which the Internet is promoting the face and pace of the modern business community. Hosted for the server, reached using the Internet, the web site or simply referred to as site or perhaps web page, is one of the fundamental components that varieties the Internet we use today. It is also the most common way which a company or individual enhance and perform their business.

This paper will completely analyse and discuses a selected website, the reason is to take an insight to the digital organization environment. Conditions such as Ecommerce, and CUSTOMER RELATIONSHIP MANAGEMENT (Customer Relationship Management) will be mention and discuss. The technical details of how to build and look after a website will never be discussed in this article. Overview The site chosen from this paper is definitely Oki-ni, ahead of further examine the company and the website, you have to understand some of the basic about website.

Organised by function, a website might fall into one of these catalogue (Yuan, 2005) 5. A personal internet site, e. g. blogging 2. A commercial internet site, e. g. company site, such as Microsoft, Apple * A govt website, at the. g. NATIONAL AERONAUTICS AND SPACE ADMINISTRATION (NASA) website, Town Council site * A charitable organisation website, Greenpeace, or RedCross website In accordance to this catalog, Oki-ni is a commercial website. Another conditions that need to understand is Electronic commerce, or commonly known as Ecommerce. There are many different meaning of E-commerce via different viewpoints in different self-control.

Mamta (2005) summarised that E-commerce is a process of investing or swapping of products, solutions and details via telecommunication and laptop networks which include Internet. Mamta (2005) even more generalised that based on the types of parties (business, consumer, etc) involved, E-commerce may be in the following types: * Business-to-Business (B2B) 2. Bsuiness-to-Consumer (B2C) * Consumer-to-Consumer (C2C) 5. Consumer-to-Business (C2B) * Intrabusiness Based on that definition, Oki-ni is a B2C type of E-commerce, different from additional B2C web page, the The uk based company focused on high-end menswear.

The name descends from a Western dialect, means ‘Hello’, Oki-ni was created to work together with established brands and modern designers, to provide innovative items to educated fashion consumers. In another words and phrases, Oki-ni sells more than clothes, but a life-style. The company also worked with with other fashion brands including Paul Smith, Adidas, to make unique bits. This daily news will target itself in evaluating the utilization and implementation of digital information program on the chosen website, applications on the website will be paid extra attention and thoroughly evaluate, such as inventory system, e-zine, multimedia applications.

Furthermore, the OVP (Online Value Proposition), Online revenue models and also other factors will be critically analyzed. Using researcher’s extensive understanding, the concept and application of CUSTOMER RELATIONSHIP MANAGEMENT on the website will be analyse. Finally, researcher is going to proposed a few recommendations to improve the website and then the digital business technique. Analyse in the Website To get E-commerce internet site, the primary purpose is to offer. However , most online retailers droped to the incorrect direction when even building their website.

They will spent greatly on how to appeal to more people to the site and just forgot what is the point if the consumer went to the site although not buying anything. There may be a large number of factors that contribute and affecting consumers’ buying patterns, but the unacceptable implementation info system is more frequently seen in business operation. Customer cannot find the item they desire, or discovered themselves cannot checkout with the system, contemporary information technology provides a great easy, however , the idea can be damage without effectively used.

Intended for an organization, it is crucial to conscious its organisational goals and objectives and also the implementation of information system. (Mehdi, 2006) Pertaining to the company of Oki-ni, the site serve the objective of sales and providing customer support. Thus, the inventory data and client information happen to be vital to the company’s savior. Furthermore, to provide an improved online shopping knowledge, the supply string management, online information protection, and media interactive applications are essential. Inventory Supervision

When working an E-commerce, it is very painless to have caught up in other aspects and neglect the value of inventory management. Ritendra (2008) emphasis that the crucial to run inventory management effectively to get the business being profitably. Pertaining to Oki-ni, you will find thousands of products and fresh items in stock each day, how to manage it effectively become vital to the business, what’s more, it has two tiers of that means. Firstly, intended for the staff, successful inventory system should allow them locate specific item easily, and overview the whole products on hand to see which items are working low about stock, and which are the top selling.

Secondly, for customer, the inventory system should provide an easy attainable. Oki-ni internet site provide a just and minimalism searching user interface for the consumer, customer can easily search those items they trying to find by their more effective method, including, using keywords, sort this by color, price range, dimensions, or several part of clothing, or using alphabet-order company list.

You read ‘Digital Business Environment’ in category ‘Essay examples’ On the top webpage of Oki-ni site, buyer can easily locate new arrivals or price cut information. Customer Information Contrasting with custom in-store purchasing, online store has the benefits on tracking, storing and anaylsing buyer data.

Oki-ni gathering consumer information by encouraging buyer registered with the e-mail treat. By using these kinds of e-mail tackles with the worries of consumer, Oki-ni discharges newsletters to customer. Ezines are an successful way to develop goodwill and maintain in touch with possible client (Janice, 2004). Customer received promotion, new arrivals and also other information through the website. When ever comes to place order, to get security and privacy matter, the company just takes the minimum data that necessary for delivering, such as address, telephone number.

Internet is an ever-changing, competitive-intensive environment, the lately raise of recent social network attracted a lot attention. As a firm aiming by itself not only revenue, but to promote a lifestyle, Oki-ni has extended its content to other diverse social-network, such as Facebook, Google+, and Facebook, customer can find sales info, new product upon these social network. Also, Oki-ni can collect customer information on other platforms, it’s a win win situations. Multimedia system Interactive

One of the main advantages of Ecommerce comparing classic retailing is usually convenience, customer can look for product and compare that, finally peruse in a short while by just clicking the mouse button, however , Web commerce has deprived its users with the reality (Vincent & Franck, 2004). Materials color, feel, tactile impression, those physical details may not be display or feel by the two-dimensional images and text messaging on a monitor. Most people possess on-line searching experiences possess those situations that at times the products that they received differ from their expectations.

In order to provide better shopping encounters, Oki-ni provide an enhanced multi-media interface. In every product explanation page, the web site provides high resolution photos from the products, client can just click zoom-in to find the details of the feel, and a shorter video to show the product. For music item, such as DISC, preview solutions are provided. Critical Review In this part, the website’s OVP (Online Benefit Proposition), ORM (Online Revenue Model) and target audience will probably be critically analyzed. Online Value Proposition Can be the Online Benefit Proposition?

It is a statement from the benefits of ecommerce services that ideally should not be available in competitor offerings of offline offerings (David, 2006). Michael & Susan (2012) further claims that in an E-commerce context the differential box advantage and positioning could be clarified and communicated by developing an online value idea. Simply speaking, OVP is the USP of the brand and also the website, a very good OVP is actually a crucial way to attract new tourists into the site and chosen to stay or leave, the decisions generally made in a few minutes or even in seconds.

Growing an OVP, involves: * Developing text messages that reinforce core manufacturer proposition and credibility 2. Communicate what a visitor will get from a web brand that other opponents can not give or they can get off-line (Micheal & Susan, 2012) Translate these kinds of theories into simply terminology, a good OVP should response the queries ‘Why am i not here? ‘ ‘Does this great site offer me personally what I will need? ‘ Inside the digital business environment, your competition is much brutal and rigorous then in the past. How to stay ahead of the audience in a concerns of just a few seconds when visitor first wide open the site become vital to success.

Generally there a great numbers of online clothes retailer, via high-street brand, such as Topshop, ASOS, to luxury manufacturer, e. g. Net-a-porter, Browns. Being good is usually not enough to win competition, a good OVP is essential to get Oki-ni to survive in the competition. More than ten years passed the establishment of Oki-ni, the web site is still centering on menswear, specifically, they aiming to discover and break the most inspiring brands and goods available, although hosting them in an wealthy, inspiring and innovative environment. The home web page of Oki-ni featuring a ease style filled up with inspiration items.

Existing client can easily locate what they want in a few clicks, inside the meanwhile it and music can catch the attention of the attention of recent customer. The web site keep changing its FEATURES section with vibrant and forward-thinking video tutorials and music. There is no differentiated of therefore call ‘high-street’ or ‘luxury’ on Oki-ni’s product, client can find pants cost twenty pounds into a coat respected a few hundreds. But there exists one thing in keeping, all product were properly selected. Presenting more than fabric, customer also can buy literature, CDs on the website.

In order to keep a new look, Oki-ni redesign the web page every couple of months, from structure to the content material. To sum up, Oki-ni’s strong OVP is that they not merely sell cloth, but the encourage an development life-style. On the web Revenue Model In the article, Business Designs on the Web by professor Micheal Rappa (2006). He suggests that ‘business types are perhaps the most reviewed and least understood aspect of the web. ‘ In this relation, he summarised the business model into the pursuing * Broker * Marketing * Informediary * Merchant * Maker * Affiliate Community 5. Subscription * Utility The revenue model may be different in these business model, some web page get paid getting into advertising, several website made income by simply subscription. When it comes to Oki-ni, the revenue style is easy to spot, the company create service promote it to customer. When the revenues from sales go over the operational cost, then your company gets profit. Evaluating to store store, the website is actually easier to work. No hire, less labor cost, means the website provides a much more competitive price than physical retail outlet.

However , on the other hand, the keeping of internet site post an excellent challenge towards the company. Target Audience The company goal a niche marketplace of extravagance product segment. Focusing on menswear only, the web site sells a wide range of product coming from selective clothing line by Japan, Italia, to new edition CDs. You cannot find any particular age range on the Oki-ni’s customers, the business targeting a small group who required a innovated and forward-thinking life-style, and willing towards the pay a premium price for your.

Customer Relationship Management The word of CRM (Customer Marriage Management) has become much more usually seen in the E-commerce content, what’s CRM? The followings are different CUSTOMER RELATIONSHIP MANAGEMENT definitions by scholars CRM involves numerous different components, which includes customer-prospecting, relationship with customers, communicate between client and organization, understanding buyer expectations, empowerment, partnerships, and personalisation, and son in. (Fjermestad & Romano, 2006).

CRM can be an business approach to understanding and influencing behavior through meaningful connection in order to increase customer obtain, customer retention, customer commitment, and consumer profitability. (Swift, 2006) To date, there is no globally accepted definition of CRM. It not a software or maybe a service, costly overall organization strategy. Shanmugasundaram (n. d) identified the fact that three main components in CRM system, particularly * Detailed * Conditional * Collaborative Nowadays, not merely global corporations seeking will help from CUSTOMER RELATIONSHIP MANAGEMENT, more and more SMEs (Small and Medium Size Enterprise) were implemented with CRMs.

Oki-ni is no outstanding, the company utilized the quality data not only to promote its product, but for provide a better service. Every now and then, Newsletters were sent to buyer, the content of the people newsletters are not just about merchandise information. Featuring styling suggestions, or invitations to special events, the company often try to inspire customer come to visitor site. Suggestion Running an E-commerce is far more complicated than just setting up a site, other than the business and the client, it requires many their particular parties, including vendor, source chain, financial.

Researcher located a rather interesting phenomenal when customer ranked Oki-ni’s assistance, some customer give best rate on the two delivery velocity and cash transaction. Yet , on the other hand, several customer incredibly disappointed on the service quoted ‘the outfits arrived and were excellent although delivery is very slow’ (Ciao, 2007). The inconsistence performance might due to the delivery company and Oki-ni should try to avoid later on. Moreover, there is more potential of the CRM waiting to be discovered. Oki-ni using CUSTOMER RELATIONSHIP MANAGEMENT mainly about providing client ervice and promoting goods, CRM is much more than customer support, researcher suggest the company analyse the user’s shopping patterns, such as what style of brand that they like the many, how frequently they shopped on the website, etc . to enhance customer buying experience. The organization can also use the data to collaborative with other parties, just like bank, to improve online repayment security, or perhaps delivery organization, to improve functionality. Lastly, your competitors of digital business environment is much more intensive than ever before.

The OVP (Online Value Proposition) may be appears strong and unique at this time, with powerful of Oki-ni, more and more web page will try to follow along with the same model. How to maintain the competitive advantage is vital for the company’s future. Conclusion By discussing and critically reviewed the Oki-ni’s website, this paper take an insight in the digital organization environment. Online era, trading become much more easier, possibly individual may set up an online site with the know-how and the equipment. However , your competition is much more rigorous.

E-commerce can be described as complex term that included many aspects, the terms and concepts specialist discussed through this paper barely scratch the surface. with the quickly advancing technology, new issues now increased, such as legal issue and Internet secureness. Concepts of CRM, Internet business model may require further research in the future. Reference point: Ciao. (2007). Review of Oki-ni. com. Offered from: http://www. ciao. company. uk/Reviews/Oki_Ni_com__5315436 [Accessed 15 Nov, 2012]. Fjermestad, Jerry, and Nicholas C. Latino. (2006) Electronic Customer Marriage Management. Armonk, NY: M.

E. Sharpe,. Print. pp. 121-65 Net World Stats, 2011. Community Internet Utilization Statistics Reports and Universe Population Statistics. Available from: http://www. internetworldstats. com/stats. htm [Accessed 12 Nov. 2012]. Janice, Reynolds (2004). ‘The Full E-Commerce Book: Design, Build & Keep a Successful Web-affiliated Business’. NewYork, Taylor & Francis. Print out. pp. 268+. Jeremy, Rifkin. (2011). ‘The Third Commercial Revolution: Just how Lateral Power Is Changing Energy, our economy, and the World’. London, Palgrave Macmillan. Mamta, Bushry. (2005). ‘E-commerce. New Delhi, Fire wall Media. Print out. pp. 69 Mehdi, Khosrow-Pour. (2006) ‘Cases on Electronic digital Commerce Technology and Applications. Hershey’, PA: Idea Group. Michael, Rappa (2006). ‘Business Models For the Web’. Offered from: http://digitalenterprise. org/models/models. code [Accessed 9 November, 2012]. Ritendra, Goel. (2008) ‘Electronic Business Technology and Prosecpts. ‘ E-commerce. Fresh Delhi: New Age International Pvt. Swift, Ronald S. (2000) ‘Accelerating Consumer Relationships: Applying CRM and Relationship Technology. ‘ Top Saddle River, NJ: Prentice Hall PTR. Print. pp. 25+

Shanmugasundaram, S. (N. d) ‘Customer Relationship Supervision: Modern Styles And Perspectives’ New Delhi. PHI learning, Ltd. Vincent, Roca & Franck Rousseau. (2004). ‘Interactive Multimedia and Next Generation Sites: Second Worldwide Workshop on Multimedia Fun Protocols and Systems’. Springer. Available from: http://www. springer. com/computer/information+systems+and+applications/book/978-3-540-23928-4? cm_mmc=Google-_-Book%20Search-_-Springer-_-0 [Accessed 8 Nov 2012]. Yuan, Gao (2005). ‘Web Systems Design And Online Consumer Behavior’. London, Idea Group Inc.

< Prev post Next post >