Effective Aspects of E-commerce Strategy: Artificial Intelligence and Pricing Control, Assignments of Human Resource Management

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Assignment

Group 2:

Syed-daniyal-shah

{SP17-BBA-062}

{FA18-BBA-179}

{FA18-BBA-061}

{FA18-BBA-040}

{FA18-BBA-146}

Topic: Exploring the most effective aspects oF- E-commerce strategy in today’s world. Introduction: This topic is all about the most effective ways of E-commerce strategy that are being used in today’s world. You can see that the artificial intelligence has played a significant role in building the strongest E-commerce business and its strategies all over in today’s world. The Artificial intelligence is considered to be the best aspect and the best way of E-commerce business strategy in today’s world. The artificial intelligence is now a day’s offering the best personified and tailored offers with respect to its best interactive bilateral buying experiences. With its online artificial intelligence enabled self-regulated systems. Through which the companies can easily view and outlook their customer’s likings. Meanwhile in the real-time processing and those companies can provide you the best reliable and dedicated Online shopping experience. The artificial intelligence in E-commerce business has played a big role in truly identifying and recognizing the customer buying behavior through the process and feature of personalization in E-commerce business strategy perspective. When the users buy the things over the online website by clicking, searching the queries, and by purchasing the things in its shopping cart can easily helps the E-commerce brands to know the customers preferences. So these-things help the brands to provide the good and suitable suggestions to their customers. And attract the customers to buy more and more additional products over the internet. The Amazon and the Netflix companies are now a day’s using the Artificial intelligence personalized marketing strategies. That had not only helped these firms to grow their business but it had left a significant and excellent wide wisdom role of trails leftover in E-commerce business. The artificial intelligence is now a day’s using the most powerful tools to enhance the E-commerce business with respect to its strategies in today’s world of need. The AI has bought voice assistant feature for its customers. It has also bought chat bots that helps the companies’ agents to deliver the true value and taste of the products to their customers in real- time. Now I will tell you the 2nd^ most effective aspect and way of E-commerce strategy that is most commonly used in today’s world. Its name is automated-pricing-management technique. Through this technique and feature the-you can manage the best price you like to have for your own products over the internet. Apart in From the E-commerce business the brands or the large

Literature-review: Basically the literature review of E-commerce is focused on the new aspects and ways of E- commerce business with respect to its strategy in the today’s modern world. So its review will be focused on its current knowledge and methodology related to that particular topic that we have selected above. So, the literature-review of ours has been done and maded by the process of data analysis. The literature-review has made the methodology of E-commerce strategy in a better way of framework in today’s world of modern era. In this view of regard the literature review that we have designed is focused on the modern development of E-commerce definition. Means what E-business is actually and how its process of working plus adaptation is being done. Means what are actually the E-business benefits in actual terms in broader phenomena of the today’s world. Their barrier to entry within the marketplace means what are those things that are creating the hurdles and obstacles for the E-business to run in the marketplace which comes in C2C business, B2B business and B2C business as a hurdle. Like For example, if see that the barrier to the E-business are now a day’s are of its revivals actually. Such as like if you see OLX as an E-business its biggest barrier to the market entry are its revivals. Such as like E-bay which is mainly focused on C2C business. The OLX E-business barrier is coming in the marketplace due the own bad mismanagement reason of the OLX company. Because if you see in Pakistan many customers are complaining about the lack age of quality-control and payment guarantees issues. Because sometimes the buyers don’t pay the full- money as per it is required or done through the agreement between both of the customers. Frauding activities are now a day’s taking place in OLX website. So, that’s why the customers are now a day’s largely moving towards the E-bay website. Which is again a C2C business website? So that’s why this is also a barrier to the OLX website. And that is a reason the E-bay is giving its consumers and customers the highest privileged authoritative benefits. In terms of reporting the frauding activates and the fake frauding peoples. And plus point for E-bay is that E- bay is offering the full-time quality assurance and quality control to its marketplace of consumers and customers. Also the payment guaranteed is available too. This thing gives an edge to E-bay as compare to the OLX.

Drop-box is considered to the best example oF-B2B company in the real-world time example. Then as compare to the icloud B2B business. See here that there are many barriers to the b2b firm of drop-box within the entry of marketplace. The main barrier is its competitor revival Icloud. Despite the fact that icloud has some quite unique feature. That it supports the apple products. That makes it quite impressive as compare to the drop-box. But still you can see that the drop-box is continuously struggling somehow. Now we will come to those barriers which come in the B2C businesses. Like for example, Amazon vs.Walmart. The biggest barrier for Walmart is that it is not giving the affordable prices’ on the groceries deliveries. As compare to the Amazon it is giving highly affordable prices’ over its delivery items. The modern era definition of the E-business is that E-businesses are now a day’s utilizing their information of businesses into a more and more convenient digitalized form of information. And it is better well communicated with modern technologies that we have to streamline our businesses with respect to their processes, from their training means from there preparation stage to their implementation stage. E-businesses benefits of the modern era are that the E-businesses are now a day’s providing us the new channels of their business communication through they can easily reach towards their customers. After all, you have seen numerously how our E-business is adapting to the future robotic technologies. These online businesses are now a day’s highly adoptive to the new performance of fast working with the true meaning of fast businesses processes. Recommendations: The adaptations of good business practices and good business ethics will eventually leads us in making an effective aspect or way of reaching a good E-commerce strategy in the modern era of today’s world. The good example, of the E-commerce strategy is that the firms which are doing their businesses electronically online over the internet should promote and encourage their team members and employees that you can do work in the diversity of different cultural peoples by creating a cross cultural cohesiveness among the m. The 2nd^ but the most important thing is that

techniques if you adopt them on the right time then they will lead you to take right advantage of your E-businesses systems and furthermore it will allow you to interact with your customers and consumers, means who are the sole buyers of your products. And make them your brand loyal. You should as manager, as a marketer, as a businessman prioritize the needs of your customers not by your way but the way of their buying behavior and preferences. In today’s modern era almost approximately 45% of the consumers worldwide prefers the mixture of combinations of online and E-store mobile shopping’s. First of all we have to decide which customer segments we have to focus on for a modified experience: Firstly and most importantly we have to select which customers segment we have to chose and then target it. Whether, the segment can be of middle-class peoples, lower-class, or Niche market segment class peoples, can be of Elite-class types of peoples who are very much rich. And they have the higher buying power as compare to the lower-level class of the peoples, who cannot afford to buy expensive things. Criteria to select them depend on various things. I would like to keep the things in perspective first. You can judge and target the peoples segment. We can target the customer segment know it through by CRM Customer-relationship-management software. We can also target the customer segment through by knowing demographic factors, means by through the peoples gender, through their height, age and through by their income factor. Etc

We have to do investment in the customer care service:

Doing investment in the customer’s baby care service surely will give a big

reward

“” Today's stable baby will grow up to be a great leader tomorrow.””

As E-businessmen and as govt businesses officials it’s our sole responsibility to invest as much in the daycare businesses, because today’s little loss of our profits, and of our investment will give us a great rewards by tomorrow. A healthy child makes a healthy nation. And a healthy nation makes a healthy and a rich economy. That’s what we need to do. Nourish starting from today’s will eventually gives us a great bonus for tomorrow. I would like to suggest to all the E-businesses that they should invest as much as they can in the daycare industry. [https://www.forafinancial.com/blog/industries-we-serve/invest-daycare- business/]. I would like to give you an example in according to that, America spends- $ billion dollars on child care service every year. As the E-commerce businesses should also prepare the innovative technology to serve the babies. “” Serving the families is means serving the Nations””. Conclusions: So this story and this topic are all about the different ways of doing the business electronically through the use of internet. These are of multiple forms of multiple Electronic-