Strategies for cyber jungle survival (tips for online retailers)
In the organizational landscape, the novel and logical means that is perhaps the most encouraging of all drivers is E-commerce. It seems to have revolutionized the manner in which business processes and procedures are being undertaken. Some of the goals that it has been able to effectively carry out is the improvement of the dealings among buyers, vendors, and suppliers, greater cost-efficiency and widening one’s scope in the global economy. This has accorded businesses more opportunities for growth and expansion. Through an advocacy of more personalized approaches in business, it has given a new definition to competitiveness. Customer information and data are now being yielded by vendors from their consumers. The significant volume of data also allows these individuals to leverage on promotional offers and the best buys. Online trading has been successful at endorsing price competitiveness and compels online vendors to work towards this end goal.
Within the retailing industry, the increased availability and accessibility of cyber trading has been the key to its immense popularity and steady...
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