Changing Times Make for Unhappy eBay Customers How much is too much, or how much is enough? This is an economic question that every successful business will have to evaluate in order to remain an icon in the marketplace. Today’s business world is unlike any time in comparison. There has never been more opportunity for small ventures to turn into major financial companies overnight with the use of the World Wide Web. It is true that many of these overnight wonders are short lived and go unnoticed; however we do have the elite group of companies that have made their mark in our everyday lives. eBay is one of those companies that have made good use of this opportunity. eBay Inc. is considered as the world’s leading online personal trading community. Founded in 1995, eBay is available 24 hours, 7 days a week with more than one million registered users. In the 4th quarter 2003, eBay reported a net income of 935.8 million dollars; up 44% and their full year net income for 2003 was 3.27 billion dollars, up 51% for the same time last year. Even with their noted economic success this company still finds a need to raise fees for the use of their service. On the positive side of the moral and ethical matter, there are great things that eBay offers as well as provides for its customers. People with many dreams of becoming entrepreneurs and starting successful businesses has found eBay and answer to their prayers. Many people who don’t have the resources to use an outside place to start their businesses; have used eBay to sell their items straight from their homes to save money. Some of their businesses have even grown so that they are now able to rent a separate space to run their small companies. This is a blessing that probably would have not been a reality if not for the large Internet auction service named eBay. eBay is not a dirty word in their vocabulary; it is a spring board to independence and an opportunity for a good way of life. Although some have used eBay’s services to cheat and steal, eBay has started a foundation that helps in communities all across the country. Meg Whitman, president and CEO of eBay Inc. made a statement; “Giving back to the community has been an essential part of eBay since the very beginning.
The growth of online business has grown enormously over the years. Cliptomania is a family operated and owned small e-business that primarily sells clip on earrings (Brown, DeHayes, Hoffer, Martin, & Perkins, 2012, p. 308). Cliptomania early developments were very modest, and as such the company experienced copious strategic dilemmas. An initial strategic dilemma that the company encountered when establishing and building their new e-business undertaking was to create a website for the business operations and essentially to have it fully operable. The owners, Jim and Candy elected to hire a vendor to host the website and additionally utilize the IT systems resources of the vendor to sustain their business. At the very beginning they exploited the offerings of the Yahoo Store. However, continuing down this avenue of using the services of the Yahoo Store inevitably became too costly. By using the services and business offerings of a vendor made it convenient and effortless for Jim and Candy to start their e-business store. Unfortunately the couple did not have much in the way of professional help, and so they had to create and put together the website by themselves. Additionally they also had to deal with establishing their online credibility as many customers preferred to call in their orders just to talk with a real person before being comfortable enough to place their orders via the webpage.
To first understand what a great company is, Collins used data to answer the follow question: “can a good company become a great company, and if so, how?” The data Collins used on the 1,435 companies to see if they became a great company looks at the company’s cumulative stock return for 15 years, security prices, stock splits, and reinvested dividends.1 He then compared the data to the general stock market, omitting all companies who showed patterns similar to industrial average shifts. After narrowing down the data and comparing it to companies who once had short-lived greatness, Collins found 11 companies that showed distinctive patterns that were higher then overall industrial averages. According to his research; a dollar invested into a mutual fund of a good to great company in 1965 would be worth $470 in 2000, while the same amount would only be worth $56 in the general stock market. These exceptional numbers are on of the factors that lead Collins to believe a company went from good to great.1
Designed to serve as a massive attack against the idea of investing in newly developed or developing tech companies, the article in itself -through the use of objective facts, detailed descriptions of the market, example situations, and even personal experience based on the author’s own investment in a failed tech-company- provides the reader with enough information to understand the truths behind the market, accomplished in an almost completely objective fashion, and then calls for modern investors to place value in realistic goals and not the “the hyperinflationary world of dotcom valuations.”
In my freshman year, I won an internship with GF Securities, one of the first, full-service investment banks in China. By participating in several IPO roadshows for NEEQ (National Equity Exchange and Quotation) Listing in Shanghai and dealing with clients’ requests for option trading, I developed a thorough overview of practical capital rising procedures as well as the function of various financial instruments. Later, I sought a more globalised experience by joining the General Electric(GE). In the process of organising the new machine launching conference, I have fully utilised the cross-communication skill that helped the manager to reconcile the needs and expectations from different retailers. In this summer, I gained an opportunity to work within the Guangdong Internet Finance Association. It provided me with a valuable insight to the emerging internet finance industry and made me think prospectively toward the future business model of financial institutions. These highly diversified internships not only enriched my ability to work independently as well as in a team, building upon the criticism and implement ideas, and but also widened my horizon that inspired me to approach the problem from different perspective and reach a more objective
In today's competing world, many organizations are rethinking their strategies in terms of the online business and its capabilities and culture. Organizations are taking advantage of the widespread web to buy and sell goods from other companies and recently from individual customers. Exploiting these opportunities of convenience, availability and widespread reach of the web or Internet, many companies such as Amazon have benefited from the use of web successfully.
eBay needs to transfer its competitive advantage in the online auction industry into the area of
First, there are On Demand companies. Uber is the king of the on demand O2O industry. On demand has been a very fast growing industry, the idea that you can click a button on your phone and a car shows up, or someone comes to your house to clean, or food arrives at your house is all very appealing and there are already numerous billion dollar companies in the on demand O2O space. Secondly, there are Daily Deals: Groupon and LivingSocial were the first to almost crack the O2O code. The fact that Google, Facebook, Amazon, Yelp and thousands of other online companies all started a daily deal website in the same year is unprecedented. One could smell the greed in the air, and it topped out with Groupon’s $20B public valuation just 3 years after its launch, making Groupon the fastest growing business in history. But today Groupon is worth less than 10% of that value ($1.75 billion as of 1/10/16) and there is a graveyard full of failed daily deal sites. The 50% discount offer and the 25% fee just are not sustainable for offline merchants. Offline is still the king as the 95% of retail sector still is in brick & mortar. Prices vary on a continuous basis as per demand and supply in the
Financial Future: Where Will it be in 10 Years? Retrieved on November 20, 2013 from
and is especially popular among eBay customers. Fig.1 briefly illustrates Company’s business. The system enables its
EBay is an American internet based co-operation with its main headquarters in California. It was first set up in 1995 and has become one of the world’s most successful companies ever with ebay.com being the company’s main area of focus. Ebay.com is an online auction and shopping website where people and business have the opportunity to sell and buy goods and services worldwide.
Electronic Commerce as popularly as E-commerce has become a big deal in our growing economy due to the increase use of online systems. E-commerce now of the fastest growing business in the world. The technology has change the way of business. Business that have physical location have now made it an effort to focus their online business. It is the new sort of business platform where you can make use of different technologies like electronic data interchange or transfer document electronically. Online business is an effective of sales.
I am currently majoring in Finance Management. Most of the time people think of finance as just managing money. However, finance is needed for so much more! The finance industry deals with starting businesses, developing new products, expanding markets, as well as everyday things like saving for retirement, purchasing a home, and even insurance. The stock market, asset allocation, portfolio analysis, and electronic commerce are all key aspects in finance. In this paper, I will explain how these features play a vital role in the industry, along with the issues that come with these factors.
E-commerce means that the company runs their business online, not like the traditional business way. We have to go the shopping mall or store to get goods that we need, E-Business is the enabling of electronic communication between any two or more participants in a business relationship. It helps companies capture abroad business field, cost saving, and market opportunity. E-commerce is an important factor that is making people’s lives more efficient.
Never have I ever climbed a mountain peak. As a child, I imagined myself conducting expeditions in deep-frozen pathways, leading amateur explorers to the top of the world, and instructing rookies in surviving harsh blizzards. Even though slightly altered, my childhood dream has been achieved. I led a team of fellow classmates, in my Strategic Management course, to the success summit of a financial competition. Over the course of a semester, I and my teammates were supposed to create and manage a company of the IT industry, in a computer-simulated environment, along with other four rival teams. I dealt with strategy and financial matters of our virtual enterprise, while my colleagues were working on marketing and manufacturing. During the four months of the exercise, I have experienced finance from various aspects: capital budgeting, through selecting favorable investment for upcoming quarters; debt management, by assessing the necessary amount and efficiency of loans; profitability analysis and dividend policy, which had been used to compile the company’s general performance index. Working in a multinational team, which included an American, a Norwegian and a Moldovan, strengthen my negotiations skills, as well as flexibility and cooperation. But above all, this experience intensified my passion for finance. Of course, a pleasant bonus was the fact that, in the end, our company’s financial performance was six times the performance of second-best team.
Stead, B. A., & Gilbert, J. (2001). Ethical issues in electronic commerce. Journal of Business Ethics, 34, 75-85.