EBay was founded by Pierre Omidyar in 1995. The purpose of Auction Web, now name eBay, was to sale online goods for individual buyers and sellers. Mr. Omidyar also wanted for people to be able to interact about the products just like you would in a regular store. After spending the weekend writing codes on his personal computer, Mr. Omidyar launches the website, the site was “dedicated to bringing together buyers and sellers in an honest and open marketplace”(EBay Inc, 2013) . By July 1996, Mr. Omidyar quits his job to be dedicated full time to his auction website. He then brought Jeff Skoll as president of the company. By September of 1997 the company was renamed from Auction Web to its official name EBay.
In 1998, Pierre and Skoll brought in Meg Whitman who had study in Harvard and had knowledge of the importance of branding. Meg gather staff from different companies, such as Disney to come up with a plan that would build a strong vision for the company. EBay then became partners with name brands such as GM, Disney and Sun, companies that sold $10 million worth of equipment. EBay started to earn its revenue from charging sellers a fee to list their items on the website, and from collecting a commission from the sales that were made. In 2008, John Donahoe replaced Meg Whitman and was named CEO. He then started to refocus the company to becoming the premiere online partner for retail store. With the current vision of “empower consumers to buy and sell anything, anytime, anywhere” (EBay Inc., 2013). With the leadership of Mr. Donahoe, he have helped to better position the company for a long-term stability.
With eBay position in a long-term stability Mr. Donahoe was able to provide new business ...
... middle of paper ...
...etition from Amazon. Amazon is big since its eBay biggest competition right now since is right behind in profits. Therefore, more internet competitors we have the more threats we have in losing customers and revenue.
Online security is a big threat, online identity theft has been growing as technology increase. EBay in partner with PayPal must continue to keep a software that would keep hackers away from the system. Since this system have bank, credit cards and debit card information. Just as like is great to have international sells. It also have its threats, eBay receive some of its income from foreign operations. The money is then send back to the United States to be converted into dollars and it could be affected by the exchange rate. If the currency change the dollar value change as well. Which it an affect the company because they can lose money.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- The History of eBay eBay was founded in Pierre Omidyar's San Jose living room back in September 1995. It was from the start meant to be a marketplace for the sale of goods and services for individuals. In 1998, Pierre and his cofounder Jeff Skoll brought in Meg Whitman to sustain the success. Meg had studied at the Harvard Business School and had learned the importance of branding at companies such as Hasbro. Meg culled her senior staff from companies such as Pepsico and Disney, created an experienced management team with an average of 20 years of business experience and built a strong vision for the company -- that eBay is a company that's in the business of connecting people, not selling t... [tags: Ebay History Company Profile Analysis]
1235 words (3.5 pages)
- EBay’s Company make it easy for sellers to find and subscribe to third-party application that improve the efficiency and effectiveness of business. In eBay several applications are pre-approved to be embedded; and available immediately through my eBay.com for subscribers of selling managers. The company anticipates steady growth in the number of tools available through the selling manager applications platform to address specific needs of eBay sellers including: shipping, inventory management, sales tracking and customer support.... [tags: EBay, Electronic commerce, PayPal, Yahoo!]
1136 words (3.2 pages)
- 2. How ‘eBay’ has differentiated from its major competitors. There is a need for companies to review and realign their marketing strategy. This is done on an ongoing basis to ensure they remain competitive in the market they compete in. According to Sterling (2003:27) product life cycles have reduced, technology undergoes major step changes and with rapid frequency, markets are subjected to swift sporadic change. Furthermore, Damanpour (2010:1007) extends Sterling’s view by adding that, deregulation and increased global competition provides an extra dimension to having a competitive advantage and the economic benefit derived from it.... [tags: Electronic commerce, EBay, Customer service]
1075 words (3.1 pages)
- eBay Inc. is the world’s largest online marketplace and auction website, with more than 90 million active users globally. Founded in 1995 in San Jose, California by Pierre Omidyar, the first item sold on eBay was a broken laser pointer for $14.83(cite). eBay’s first target market was antique collectors and sellers. Now eBay connects a diverse community of buyers, sellers, and many small businesses all over the world. Practically anyone can buy and sell anything on eBay. eBay has a heavy impact on e-commerce, in 2009, the total worth of goods sold on eBay was $60 billion that is $2,000 every second (cite).... [tags: Business Analysis]
1314 words (3.8 pages)
- eBay To: Board of Directors From: Management Team Subject: ebay: Facing the Challenge of Global Growth Date: 29 October 2008 Executive Summary: Introduction: The goal is for E-bay to move into more international markets; such as Russia, Denmark, Vietnam, and Turkey. In addition, to focus on fixed-price options and advance opportunities with more sellers and specialty items. Discussed will be the strategic impact on the above identified issues, and the best direction that E-bay should move into for advancement in business growth and operating margins.... [tags: Ebay Case Study Globalization Strategy Analysis]
1093 words (3.1 pages)
- eBay Founded in September 1995, eBay has become a powerful marketplace for the sale of goods and services by a passionate community of individuals and small businesses. eBay is an online auction house where anyone in the world can log and buy or sell goods through an auction. Today, the eBay community includes 18.9 million registered users, and is the number one most popular shopping site on the Internet when measured by total user minutes according to the Media Metrix September 2000 web report.... [tags: BTEC Business Marketing GCSE Coursework]
877 words (2.5 pages)
- I. eBay’s Vision II. eBay’s Business Model III. Industry Analysis Background Porter’s five forces SWOT analysis IV. eBay Financials V. Summary and Recommendations I. eBay’s Vision: eBay was founded in the San Jose living room of Pierre Omidyar back in September 1995. The basic vision Omidyar had when he founded what became eBay was to create a person to person trading community based on democratic market principles; these principles allowed for a free flow of information, communication and ultimately transaction on tens of millions of items through the internet.... [tags: Case Study SWOT Business Model, solution]
2851 words (8.1 pages)
- eBay’s Globalization Strategy eBay was founded by Pierre Omidyar and Jeff Skoll in May 1996. Their headquarters were in San Jose, California in the midst of the dot-com era. The company idea initially began as “Auction Web, which Omidyar launched in September 1995. The idea was to develop an open market place that was available for all members of the community to discuss, compare, and trade computer items as well as collectibles. The idea took off, reaching thousands of registered users in just a few years.... [tags: Business Management Studies]
1553 words (4.4 pages)
- Internet Strategy Paper eBay, Inc. EBAY INC. eBay, the online auction web site, was founded in San Jose, California on September 3, 1995, by computer programmer Pierre Omidyar as AuctionWeb. The very first item sold on eBay was a broken laser pointer for $14.83. Chris Agarpao was hired as eBay's first employee and Jeff Skoll was hired as the first president of the company in 1996. In November 1996, eBay entered into its first third-party licensing deal with a company called Electronic Travel Auction to use SmartMarket Technology to sell plane tickets and other travel products.... [tags: Business Case Study]
1822 words (5.2 pages)
- CASE: eBay's GLOBALIZATION STRATEGY February 21, 2001 From: Amal MBA Student, Spring 2006 To: Matt Bannick Senior Vice President, International eBay In response to your request for an outsider's perspective concerning how you can handle your growth in Latin America, the following report presents my analysis and recommendations of your potential growth in the area, and how to handle the Brazilian division of IBazar. I hope that my report justifies my recommendations. EXECUTIVE SUMMARY After I received your email asking me to give recommendations about the IBazar Brazilian operation and your next expansion in Latin America, I spent the whole week analyzing the eBay current situation, as... [tags: Ebay Case Study Globalization Strategy Analysis]
1785 words (5.1 pages)