Explain creating e business

Assignment Help Marketing Management
Reference no: EM1329512

Explain Creating e business

Fred Elliot started Hometown Foods; a "mom/pop" grocery store in 1975 in the small town of Prescott, Arizona. Fred and his wife Wilma worked together as owners in developing this grocery store. In 1980 they had grown to such an extent that they opened another location on the opposite side of town. Prescott's population continued to grow over the years. In the 90's, some of the large chain grocery stores started moving into town creating major threats for Hometown Foods. The community was very supportive to Fred and Wilma and they continued to be successful despite the conglomerates that moved into the area.

In 2002, the giant Wal-Mart Superstore moved in to town. Wal-Mart offered low prices and the advantage of one stop shopping. Fred and Wilma slowly saw their business decreasing. Since less people were coming into their store, their income was decreasing. They had never had to lay off an employee due to the reduction of business, but for the first time; they were unable to make payroll and knew some major changes had to be made. They laid off three employees; two cashiers and a stock clerk.

That night Fred and Wilma sat down and did a SWOT analysis on their business. It was obvious that some major changes had to be made in order to remain competitive and sustainable in the community. One of the strengths that the Elliot's discovered in doing their SWOT was that they really know their community in addition to having built relationships with several people in the community. Prescott is a small town, even with the growth; there are many families that live outside of city limits and commute in each week to do their shopping. The threat they found was that these large companies were offering lower prices and more items; hair supplies, clothing, sheets and towels, even furniture. Their weakness was that they had not adjusted to the times. They were still running a small mom/pop grocery store and not taking into account that the world around them continued to develop. Margie Olsen, a good friend of the family suggested they create a branch off of their grocery store in creating an eBusiness organization. Fred and Wilma knew there were great opportunities with eBusiness. They were not computer literate and really did not know if this really was the answer to keep their business operating both on-ground and now online.

Discussion Questions

Fred and Wilma have hired you to be their eBusiness consultant. They are looking to you for answers. They already have an established business that is failing in the Prescott community. What ideas can you recommend for them in creating their eBuisness site that will help them develop a competitive advantage? What can they offer that would set them apart from the rest? What do they need to do in the form of marketing to create an awareness of this online site? Consider what their business model should look like and respond with a proposal of what ideas you have to help them with this adventure.

Reference no: EM1329512

Reviews

Write a Review

 

Marketing Management Questions & Answers

  Describe differences of m-commerce and e-commerce

Describe Differences of m-commerce and e-commerce and how do you think m-commerce communications differs from other e-commerce

  Explain entrepreneurial opportunities

Explain Entrepreneurial Opportunities and What are the differences between business to business

  Explain e-business ebiznews?summary of an article

Explain E-Business EBIZNEWS?Summary of an Article and news article about e-business or the Internet and include link to article

  Explain whys is site localization important in e-business

Explain Whys is site localization important in e-business and Site localization is essential for each country for an e-commerce offering to be successful in that country

  Explain globalization

Explain Globalization explains and explain at least four effects of globalization that impact your community and your organization

  Explain measurement methods and metrics

Explain Measurement methods and metrics and measurable standard against which actual performance is compared

  Explain how businesses manage website content

Explain How Businesses Manage Website Content and what is the current approach to managing eBusiness website content

  Explain the degree to which your organization operates

Explain the degree to which your organization operates as a centralized versus decentralized organization

  Explain brief notes on operations and planning and control

Explain Brief Notes on Operations and Planning and Control and Write brief notes on the applications of the following in production operations

  Explain company selection description

Explain Company Selection Description and include a description of the selected e-business that focuses on the product and/or services being provided

  Explain efficiency and continuous improvement

Explain Efficiency and Continuous Improvement and Internet and E-Business and What Is Your Attitude Towards Productivity

  Explain e-business and intellectual property

Explain E-business and Intellectual Property and Locate an article specifically related to e-business and intellectual property to review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd