Retail marketing Essay Example | Topics and Well Written Essays - 2000 words

Retail marketing - Essay Example As Hahn puts it, it is the strength of the online shopping business like that of eBay that is inherent by the fact that it is online (Hahn, 2006). Use of the internet allows both the sellers and bidders to participate in online auctions from anywhere in the world. A seller let’s say in China can put up a doll in an online auction site that can be bid on by bidders that reside in the United States. In essence due to the absence of territorial barriers made possible through the use of the virtual space, items can be purchased by technically everybody anywhere in the world. Inherent in the worldwide interdependence of buyers and sellers is the comfort given to the buyers. The buyer simply sits in front of the computer, logs on to the online shopping site, uses an e-money, then waits for the delivery of the product. There is no longer a need for personal visit on stores which could require much effort especially for busy buyers. The Internet offers variety that is simply impossible in traditional stores (Postrel, 2004). Definitely, buyers do more than purchase items of their choice because they also work or study. More than the comfort offered by online shopping, time is saved for other purposes. Basically, the cost of participating into internet auctions through various retail agents is zero (Hahn, 2006). Online shopping also allows buyers to customize their products, as well as benefit from cheaper prices. As buyers are purchasing directly from the supplier, it eliminates the need for retailers and distributors who often add to the cost of the product . Postrel (2004) found that prices on the Internet were 6 percent to 16 percent lower than prices off-line. Aside from the fact that purchase through online auctions saves time, it also allows the buyer to offer a bid at the time convenient to him since there are time constraints (Miller and Layton, 2000). Bids

Types of Organization Research Paper Example | Topics and Well Written Essays - 1500 words

Types of Organization - Research Paper Example In contrast to the classicalschool of thought,behavioral management holds the belief that employees work for inner satisfaction and are not motivated by material remuneration. It argues that productivity is driven by employee satisfaction and not the material benefits that one stands to gain. 2. Relate how today’s management environment differs from that of the management environment of the early 1900s. Today’s management environment is characterized by globalization, use of technological innovations, deregulation, and fierce competition from rival companies, diversified workforce and service specialization.This has driven innovation and the use of scientific models to improve production and decision making in general. In contrast, 1900s were characterized by mainly farm based activities where there was little or no dependency. Businesses were mainly small scale and did not operate beyond their regions thus there was little or no completion to fuel innovations. The gove rnment was barely involved in economic matters and there was little regulation on business process as observed in this age. Management environment today is able to better plan and forecast production through data collection and analysis because specialization through division of labor allows more time for process development. ... Employees are now drawn from different races, age groups, cultures and social backgrounds to bring on board people with fresh ideas and personal outlooks to problems facing their people0. There are several methods which organizations can use to manage diversity. This includes recruitment of a strong leadership which represents the diverse cultures of the employees and can effectively prevent prejudices and discriminations based on differences. Another method to manage diversity is to offer training and education which promotes embracing of different cultures or ways of thinking to create an open minded work force. A change in the culture and management system to incorporate diversity is also effective in managing diversity in the workplace. It not only creates a sense of belonging for all in the workplace but also fosters good relations and open communication channels needed for a company’s growth. 5. Briefly discuss the individual steps of the decision-making process. The for emost step of decision-making involves a description of the problem (Dessler, 2007). An initial assessment of the problem is clearly defined to understand why it is a problem and why you want to find solutions. The second step is clarifying your objectives. This step involves listing all concerns and converting them to precise objectives that lay the foundation of seeking possible solutions to the problem at hand. It also involves counterchecking the objectives to ensure that they seek to capture their interests of the process. The third step is identifying alternative solutions to the problem presented. Alternatives provide different options to choose from while making a decision. The fourth step is analyzing the consequences of the