Market Research Report On Analysing Online Retail Possibilities For South African Businesses Prepared by Asaad Manjoo Contents Chapter 1: Introduction 1.1 Aim of the research study 1.2 Problem Statement and Objectives 1.3 Literature study …show more content…
The secondary objectives are: •To determine consumer trends in online shopping in. •To identify the most successful online retailers. •To identify the key factors that helped make these retailers successful. •To identify the advantages and disadvantages of online retailing as opposed to traditional retailing. 1.3 Literature study This study is encompassed around the E-commerce sector in the business field. E-commerce is the buying and selling of goods on the Internet. Through this channel, we have various different types of transactions but the one that is dealt with in this study is retailing otherwise known as e-tailing. The world as we know it is constantly changing, technology is getting more advanced daily and the effects this has on the lives of people on a daily basis is immense. Historical evidence of the motor-vehicle shows the effect of technology on mankind. Today the Internet is shaping the world and connecting it in ways that people half a century ago would never dream of. The Internet is filled with endless possibilities for
The paper will begin with a Review of the Research. This section will summarize all the information gathered for this paper. Here the background will be given and the foundation laid for the rest of the report. Next will be the Application of the Research. This is
The definition of E-Commerce or E-Tailing is replacing the traditional relationship of buying and selling in person or the phone with the use of the Internet, Smart Phones and networking. The more people that use the Internet regularly, the more Internet commerce increases. This causes a continual loop of improvements and innovations of which businesses must be aware. Most economists see e-commerce as a market segment that leads to intensive price competition and consumers armed with greater knowledge. E-commerce has changed business models globally, and allows customers to engage in the process of shopping either online or to a destination. Brick and mortar stores do have a conundrum do you want traffic into the store, or do you want the sale based on ease of shopping and/or convenience? (Eisingerich).
Today’s society has an affinity for even fledgling technological advances. If you take a look around, almost everyone has the new iPhone or Galaxy cell phone. Each new, updated device supplants the last. The incessant use of internet is brought on by the fact that it changes how we complete almost every task.
The history of technology goes back to a long time ago, basically as long as people have been around. There are 3 kind of ages; mechanical, electromechanical, electronic. The mechanical age is when we first start to see connections between our current technology and its ancestors.Example; when new phones were discovered ( iphone, samsung ...etc) and our parents and grandparents use those small phones. The electromechanical is the new technology been discovered compared to our modern world technology. Example; samsung S2 to the samsung S4. The electronic is the age we live now, a lot of discoverers has been created and still their discovering. All these discoverers impact my opinion to that all these technology is affecting people worldwide. Michael Merzenich discussed that how much people are trying to live without the internet it’s hard for them to live without. He said that “ Their heavy use has neurological consequences.” How much we spend on the internet has plenty of consequences even if we don’t feel it now it’s going to get to a point that we will regret it, like i said before it causes plenty of problems from addiction, depression and plenty
Technology has made great advances on a global scale, especially within the last half century. Works of fiction and informational texts have addressed the numerous uses of modern innovation. These technological advances have the potential to make one’s personal life better, but could be detrimental to the world as a whole.
Technology of the past was welcomed with open arms due to the fact that a majority of the time it helped solve problems plaguing us such as providing us with medical cures or developing machines that are able to prepare a warm meal quicker. However, with such problems solved, a lot of technology today is centered around keeping our population with longer life expectancies entertained, especially with one major creation that has shifted the way that we live--the Internet.
Given your remote and industry environement analyses and your customer and market anaylsis are you able to assess the basis of competition in the industry? What are the key factors that are critical for the organisation to so well in order to be successful? Are there any strategic groups that organsaitions in the industry compete in? Analyse the competitors if mentioned in the article.
Google it, a phrase that most of us use and said it, which it is very common in our generation. Most of us know that the internet has made part of our daily base. The internet is a resource for almost anything and as a result, we are becoming dependent on things like to increase work productivity, reading, and writing. By just typing in a few words, the internet can process of thinking, gathering and ordering thoughts and even a spell check with the convenient of where you are and need in your hands. Modern technology is changing the way people behave, people talk, people react, people think, and people remember. Technology developing human became smarter, a better connection, and often deeper-both as individuals and as a society. Technology
With one click of a button, technology has allowed the world to communicate with people several thousand miles away in just a few seconds. Advancements in technology have a positive impact on the way people live around the world; the innovations and integrations of technology has allowed almost anyone to do almost anything. The world has become extremely dependent on technology, which creates a high demand for advancements that positively change the way of living, especially the way of communication, for everyone. Globalization and connectivity through technology has allowed for friends and family to visually communicate with each other through video-calling programs, the conducting of businesses internationally, and for medical assistance around the world.
Business like Amazon wants to make buying item from their business easier for customers. This is why Amazon offers E-retailing which gives customer option to go shopping online. The internet has had impact change on consumers shopping habit as shopping online has numerous advantages which is why online shopping continues to gain popularity. Some of the advantages of E-retailing is that it’s convenient as consumers are able to go shopping at home which could help them save cost on travelling and also gives consumers an option to compare prices of different products as there are wide range of products being sold online.
It appears that over the years the internet retailers have increased the ways for the consumer to shop online. The internet organizations have had to use less capital planning whereas the traditional organizations needs to the use of high capital. This paper will discuss the organizational structures as well as identify two management or leadership challenges in each of the two business types.
Technology is influencing just about every part of our lives. On account of the Internet, basically anything you yearning could be conveyed to your entryway in a matter of days. Individual data is more open over the Internet too - you can find everything from a departed cousin to the enlisted sex wrongdoers in your neighborhood. You can even exchange stocks or document charges on the web. Folks don't have to lose slumber sitting tight for their adolescent girl to return - they can simply call her phone, or send an unpretentious content, to examination.
E-commerce is the stores that provide service for customers via online. It sells a variety of products such as foods, drinks, and many others. It has different sectors which have many classes of businesses. For example online supermarkets are starting to grow today. Previously, have the physical stores or traditional stores but they build an e-commerce now. When e-commerce is becoming popular, they start to do it to get more profit. This essay will examine and evaluate how e-commerce has altered business practices in supermarket, including e-commerce grows very fast, profitable business and convenience for customers, enjoyable and comfortable to shop, and detail information in the e-commerce websites. It also will argue and evaluate the main tactics to increase the profit of internet trading, are convenience delivery home, having good marketing, and providing electronic transaction and good electronic assistance.
The idea behind this study is of great significance because e-commerce (online shopping) has grown tremendously since the turn of the century. It has shaped the way people do shopping for the most part.
The internet is the easier way for people to communicate with each other. It has made the world smaller by bringing people together everywhere and any time. This invention has important tools for people to contact and it has changed their way of communication in today busy world. In fact people are becoming totally dependent on the internet as a way of communication in their daily life, business and work. The limitation of old communication tools has made the use of internet for communication is wider all over the world .