Impact of Technology on the Retailing Business
Any sufficient advanced technology is indistinguishable from magic”,
Arthur C. Clarke.
Technology has changed the retailing business dramatically over the past 10 years. These changes have affected a number of areas in the retailing business. These areas include the equipment in the workplace, the policies in the workplace, the general environment, the ordering of supplies, and the record keeping of the business.
One key area in the retailing business that technology has changed over the past 10 years is the different equipment that is used. Interviewee A said
“The change has been quite good for business, we have gone from using a simple till, to using a computer database, which helps us record the customers buying habits and other information about them.” Interview B said “ The equipment we use now has made things way easier for everyone.
They took a lil getting used to at first but once we learned how to use them it was no problem. We switched form analogue gas pumps to digital ones, we also switched from doing manual gas level dips to using electronic gas level. Our Rigor machine has also been changed from the old ribbon printer to the new laser printer.” Technology isn’t the only area that has been changed by technology. The business policies have also been changed.
The policies in the retailing business have also been affected by technology in the past 10 years. Interviewee A said “With out...
Heller, L. (2001). Discount Contribution Keeps Expansion on Target. DSN Retailing Today. V 40 i23, p. 20.
Macy’s believes that going into this business will strengthen their associates’ selling skills, recruiting new talents, increased direct supervision, and offering higher quality products. It was such a success that Macy’s rolled out this concept to 300 other locations in fall of 2016, and planned on incorporating it to the rest of their stores by the end of 2017. In an attempt to reach out to new markets, Macy’s entered in a joint venture with a Hong Kong retailing company. Macy’s own 65%, while Fung Retailing Limited will own 35% in this online venture in China. This purpose of this venture is for Macy’s to penetrate a foreign market with the help of a host’s country company to avoid running into any problems while conducting business. It
Department stores that may want to develop or expand private labels to replace lagging national brands should be aware of the downfalls as well as the benefits.
The government taking someone’s property is known as eminent domain. The U.S. Constitution states that private property cannot be taken for public use without payment. The government is always looking for ways to receive tax revenues of public use, such as parks, railroads, or duplex apartments. The Supreme Court has sided with the developers rather than the homeowner who does not
In the article “High-Tech Tools Help Stores—and Shoppers” by Karla Givens, the central idea that Givens wants her readers to understand in this article is that cell-phone tracking has made it so stores know what’s trending; what to display to attract customers.
...an be understood by just any person, but it also targets the history student's perspective as well. Machiavelli composed The Prince as a practical guide for ruling. He takes the time to explain the way a country is ruled. He also manages to tell the reader how a country should be run, the way it would be in a utopian type society. It will definitely present the reader with quite a bit more understanding of a nation's government. Machiavelli greatly explains what results from a citizen's failure to act upon an issue. Also, he does a tremendous job of presenting the reader with examples of what comes from what one may establish in life. The Prince is not hypothetical or abstract; its writing style is simple and its logic straightforward. This writing was, honestly, an excellent read and anybody who can read should pick it up to bury their head into it and enjoy.
Ten years ago, the Internet as we know it hit screens. It was 1995 when Explorer and Netscape emerged as the leading browsers for Internet users. Of course, a lot has changed since the days when it took several minutes to load one Web page. Today, URLs are as common as phone numbers for most businesses.
The creation of the study of international relations in the early 20th century has allowed multiple political theories to be compared, contrasted, debated, and argued against one another for the past century. These theories were created based on certain understandings of human principles or social nature and project these concepts onto the international system. They examine the international political structure and thrive to predict or explain how states will react under certain situations, pressures, and threats. Two of the most popular theories are known as constructivism and realism. When compared, these theories are different in many ways and argue on a range of topics. The topics include the role of the individual and the use of empirical data or science to explain rationally. They also have different ideological approaches to political structure, political groups, and the idea that international relations are in an environment of anarchy.
People’s ideas and assumptions about world politics shape and construct the theories that help explain world conflicts and events. These assumptions can be classified into various known theoretical perspectives; the most dominant is political realism. Political realism is the most common theoretical approach when it is in means of foreign policy and international issues. It is known as “realpolitik” and emphasis that the most important actor in global politics is the state, which pursues self-interests, security, and growing power (Ray and Kaarbo 3). Realists generally suggest that interstate cooperation is severely limited by each state’s need to guarantee its own security in a global condition of anarchy. Political realist view international politics as a struggle for power dominated by organized violence, “All history shows that nations active in international politics are continuously preparing for, actively involved in, or recovering from organized violence in the form of war” (Kegley 94). The downside of the political realist perspective is that their emphasis on power and self-interest is their skepticism regarding the relevance of ethical norms to relations among states.
The reason that the states seek self-interest is because the pessimistic view of human nature (Heywood 2011: 54). According to Morgenthau (1985), he claims that human beings lust for power (Jackson, Sorensen 2013: 66). Besides, Hobbes (1651) claims that humans are affected by many appetites, especially power (Heywood 2011: 55). As human beings are selfish and competing for power, conflicts can happen amongst them (Heywood 2011: 57). A state is composed of the selfish people, therefore, human egoism leads to many conflicts in international relations, ‘state egoism’ – different states may be opposed (Heywood 2011: 57). But Waltz argues that wars happened because of the anarchical system (Jackson, Sorensen 2013: 80).
comments to heart, but once in a while, they’d get to me. I always felt that sometimes they
The Impact of Technology on Business The words business, trade, and exchange of commodities are all synonyms. In the early age of civilization business was carried out on the basis of Bata trade as currency came into existence and there were business set Ups. Our perception started to change towards business but more so since the last 50 yrs with the advent of the information technology the world has turned around. With the establishment of the Internet, business has become globalized.
Kenneth Waltz, the founder of structural realism, conveys a theory that favors the systemic structure of a state rather than the behaviors of individuals within. He posits states as black boxes where cultural and regime differences have no bearing behind their ultimate pursuit for survival. In the Theory of International Politics, Waltz elucidates three principles of state behaviors that govern their interaction in the anarchic international system. However, in this paper I will only discuss two, ordering principle and character of units.
In this write up the focus is mainly on e-business. It consists of critical discussion and analysis of the impact of adopting e-business orientation. It also contains relevant information on the current state of e-business market.
E- Commerce is a phenomena that is emerging rapidly between businesses all over the world, and it has affected the businesses at all sizes in many aspects.