the discussion threads of eBay sellers, I realized how technology has allowed us to form international community of consumers with established rules and regulations. Doing business through eBay still seems a little risky but the fact that the majority of people still live ethically has allowed e-bay to succeed. Like in every society there are people that still try to circumvent the system and will try to get away with unethical activities. Through the discussion forum, eBay sellers have established
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
to a yacht, to a mobile home? It is true. EBay is an online auction and shopping website that is used by millions of people worldwide and offers customers a variety of various types of products to buy. It is one of the biggest e-commerce companies in the world. EBay allows people to sell and buy products from many different countries around the world. There are some people who make an income out of selling goods on eBay. In electronic commerce such as eBay, Information Technology (IT) is used anywhere
“EBay Inc. is an American multinational internet consumer-to-consumer corporation, headquartered in San Jose, California. It was founded in 1995, and became a notable success story of the dot-com bubble; it is now a multi-billion dollar business with operations localized in over thirty countries. The company manages eBay.com, an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide. EBay offers different opportunity to its
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
EBay Inc. is an American multinational internet consumer-to-consumer corporation, headquartered in San Jose, California. It was founded by Pierre Omidyar in 1995, and became a notable success story of the dot-com bubble; it is now a multi-billion dollar business with operations localized in over thirty countries. The company manages eBay.com, an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide. In addition to its auction-style
History 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
EBay in India After being successful in china and learning its lesson while also improving their strategy they went ahead into the Indian market to look for expansion in the second most populated country in the world. EBay agreed to acquire Baazee.com for $50 million. Baazee was founded by two Indian-born Harvard graduates Avnish Bajaj and Suvir Sujan. During their college years in the U.S, eBay was taking off successfully in the U.S and so was the dot com craze. Baazee is very similar to eBay,
will attempt to critically analyse and assess the internal and external factors which effected the strategic decisions made by eBay. These strategic decisions consisted of the acquisitions with Skype and PayPal coupled together with an analysis on why eBay failed may have failed in expanding their online presence in eastern parts on the globe such as China. 2.0 BACKGROUND EBay is an American internet based co-operation with its main headquarters in California. It was first set up in 1995 and has become
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
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
PEST ANALYSIS FOR EBAY COMPANY The PEST Analysis shows the political factors, economical factors, social factors and technological factors which can affect the business. The Political Factors are: - • The eBay has established partnerships with International Companies which has made it to undertake different political opinions of various countries. • The introduction of taxes can reduce trading among communities because it reduced profit margins. • The taxes will make the costs to rise this will affect
Introduction The object of this paper is to create a balanced scorecard for eBay based on the optimal approach for running an Internet-based auction business. Cases for both sides on whether eBay has met the metric goals as detailed in the balanced scorecard will be discusses along with a discussion on which argument was more compelling and the reasons why. Company Overview EBay was founded in 1995. The goal of the company is to connect customers to each other and provide a platform where users
formal vision and mission statement for eBay. Based on the case, eBay have some statement on their annual report and the company came out with the following statement: Statement that was published in the company annual report could be extract that the company was fully intended to be the world’s leading in online marketplace and they are focusing to invest on their core Marketplace and their adjacent business. Since there is no clear vision statement for eBay, a proposed vision statement would be
EBay is an on the internet public auction company that was established in 1995. It provides a safe home where consumers from all over the globe can come together to engage in business. There are two primary issues faced by eBay that it is trying to address. The first and most obvious of which are competitors. Just like practically every industry, there are other players that want a piece of that industry. The second issue has to do with the perception of risk in buying from sales. Because, for
EBay is a website marketer favored worldwide. A seller who wants to trade has to list the item on eBay mostly anything from cars, books, spare parts to antiques. The seller chooses whether to agree to a bid for the item on the list or offers the items at a fixed price. In an auction, the seller opens a specified price that remains on the site for a couple of days when buyers bid on the item and when the listing ends the buyer with the higher bids wins. The first buyer willing to pay the seller's
1. Assuming that eBay makes the decision to go Latin America, prepare a roadmap for eBay's expansion in this region during the next five years. Specifically, what should be the sequence of entries in the six major Latin America countries in Exhibit 6? Use relevant facts from the case to support your decision. The six major Latin America countries are Brazil, Argentina, Mexico, Colombia, Venezuela, and Chile. Although eBay was the largest online trading company by developing a web-based community
paper ... ... eBay because of the inventory obligations that must be passed on to the customer. As a result, eBay transfers almost all of the value to its customers whereas online retailers have the liability of carrying products on their books that in turn is transferred to their customers. Finally, eBay will be able to compete successfully against new, more diverse competitors such as paid search engines if it forms strategic alliances that will bring value to both firms. EBay can offer marketing
Consequently a company must plan strategies that address any changes in the market. ebay Inc. is the world’s largest and most popular person-to-person trading community on the internet (Bradley, 2001, p. 1). From its inception eBay was unchallenged however with amazon.com’s (Amazon) entrance into the online person-to-person auction arena and other competition from Yahoo! Auctions, Auction Universe, and OnSale, eBay was faced with the issue of how to separate themselves from competitors and maintain
Selling Experiment in eBay Essentially, a trading is an activity when two parties do some exchanges of goods or services on value that had been agreed by both sides. In the past, barter was the famous method to do trading. Over the times, money and currency were discovered, and then barter is not popular anymore. Nowadays, while the Internet technology has advanced rapidly and reliable, electronic trading has started to replace the physical trading market in over the world (Massimb & Phelps, 1994