P5 Explain how internet marketing has made a selected business more efficient, effective and successful. In this assignment I will be explaining how internet marketing has made a selected business more efficient, effective and successful. Opportunities for business efficiency Business efficiency is very important for a business. The reason why is because, in order for a business such as B&Q to surpass their competitors such as Homebase, Wickes and other DIY businesses they need to use the web to interact with suppliers and customers, by using the web B&Q will become much more efficient because they can meet customers ‘demands’ and suppliers ‘needs’. Streamline customer communications is a very efficient way of working because streamline customer communications deliver fast services, this is best way to keep customers satisfied and when customers’ are satisfied the business becomes more efficient because they are meeting needs and accumulating capital.
By using the social media, web pages and purchasing advertisement banners McBride Finance Services pinpoint a particular group of people. “Web 2.0 social media applications such as Twitter and Facebook create new opportunities for firms to improve their internal operations and to collaborate in new ways with their customers, business partners, and suppliers” (Culnan, McHugh, & Zubillaga, 2010, p. 1). Advertising on the Internet can be tough; it may require the use of a consultant who specializes in Internet marketing. McBride Financial Services would benefit by starting off small when using the Internet market their services. Conclusion McBride Financial Services provides a require service for anyone that is in the market for a residence or recreational property.
This sort of multimedia can act as a focal point on the homepage of a website meaning that users are instantly drawn to it as soon as they open the page. This will mean that people visiting the website will be more likely to become a customer and existing customers will keep coming back due to the website being easy to navigate. As a consequence of this the business will have a larger customer base and will have higher profits. Advertising - Use of multimedia in advertising can help to give a business a high public profile, increase the customer base and in turn increase profit. It’s used to attract people’s attention and make the business look exciting and flashy to draw in new customers while also giving information about the
First, offering to purchase on the website will gain more attention from customers because of the convenience of time. Time plays a huge role in customer’s experience, for that reason customers will gain the easy of buying products online at Kudler Fine Foods. Additionally, KFF can advertise the unique products and services offered added to having customers enjoy the benefit of shopping online. For instance, coupons, weekly specials, gift cards are some of the incentives that the website can offer to attract more customers’ trough the website and increase revenue. In conclusion, Kudler Fine Foods needs an effective management team to operate successfully at their best ability by allowing them to implement their knowledge and skills to improve productivity around the business.
The internet offers competitive pricing, easy access and convenience, customers can personalize services. The worldwide web not only features products but also services that allow consumers to pay their utility, credit card, mortgage and car bills online. Customers can search travel destinations and make reservations for airfare, hotels, and rental cars from the comfort of their own home. Technology advancements have made connecting to the internet easier and affordable; many businesses offer hot spots for Wi-Fi access. More and more companies are using the internet to promote new products and services.
Task 1 (P5): a. The impact of the use of the Internet in business: Operational implications 1. Expectations and product fulfillment It is important to consider the operational implications before the organization having a quality website. This is by checking if the business have background systems that can meet demand increase from huge customer base and make sure of permanent availability of stocks and fulfill online orders. 2.
The Internet allows Sony to effectively reach a vast quantity of their customers and provide them with content and support that they need. Sony is determined to lead the technology industry by continuously developing new and innovative products that give the company a competitive advantage. Sony has a convergence strategy that involves bringing together several different technologies and forms of media in a manner that links them together and integrates their applications for customer convenience. The concept involves bringing together computers, consumer electronic devices, and telecommunications which will create new possibilities and experiences for Sony’s customers (Sony Corporation, 2012). Sony is developing new hardware, software for both existing and future hardware platforms, media content, and services that customers will appreciate and enjoy.
This file should include the vendor’s DUNS #, Business Name, phone #, Minority or Women owned indicator, Sources of Minority and Women Owned Certification and the vendor’s email address. General Benefits Again this new system will enable us to expedite various functions needed to conduct productive relationships with vendors. We will be able to receive electronic quotes as well as being able to publish formal bids. Not only will this new system benefit us internally, we will also extend training to limited representatives from each of our various vendors. As we continue to grow and enhance our business, we will continue to network and provide ongoing training to vendors at an economical
Using the high speed internet and Sysco’s online ordering system, time pouring over stocked products and needed products can be greatly reduced. Management will be able to communicate with customers through the interactive online store. In conclusion, Club IT is successful and with the implementation of ideas and software. The club can be perpetually successful. Solving these major problems for the club through incorporating an ERP, CRM and SCM software infrastructure will allow the company more time and money to focus on the other areas to keep Page
E-Business Strategies for Broadway Café Table of Contents Introduction 2 TASK 1 2 TASK 2 4 TASK 3 5 References 7 Introduction E-business is the latest buzz word in the business world today because of the development of a number of web development technologies. The application of the same helps to target a larger base of customers using a single point of contact using the minimum possible resources. A niche value chain amongst all the stakeholders of the business can be created by using the latest available digital technologies (Lumpkin & Dess, 2004). The implementation of these strategies depends on the size of business. TASK 1 E-business will definitely act as one of the major tools to revive the Broadway Café.