(2013) investigates that guanxi facilitates innovation, develop business performance and venture success within the environment of highly increasing competitiveness in China. Similarly, Chen, Chang & Lee (2015) also examined whether Chinese entrepreneur’s guanxi network affects business success in creativity industry. Arribas et al. (2013) interviewed 105 entrepreneurs in Shanghai. Chen, Chang & Lee (2015) survived 293 entrepreneurs of creative industry in Taiwan.
INTRODUCTION Every organisation has their own business model which defines as a plan for their operation of business to generate revenue, identify customer base, products, and control financial. These components are necessary to ensure a company’s successfulness operation (Osterwalder and Pigneur, 2010). According to Ferraro (1998), e-commerce is a business model that enables an organisation or individual to perform business over an electronic network or internet. Alibaba as per case study subject for this essay is China’s biggest and leading e-commerce company, operating the world’s largest online marketplaces for both international and domestic China trade (Wright, 2014). Alibaba was founded on 1999 by Jack Ma and located in Hangzhou, China (Alibaba, 2014).
They do not buy inventory. This model has two advantages: Buyers get access to a wide range of products and there are no inventory costs for Snapdeal. This is also the reason why the investor community pegs Snapdeal as the most likely of the ‘Big Three’ to be the first to make profits. “Wide selection” is what Snapdeal is betting big on. Its marketplace caters to over 5,000 cities and towns, offering more than 6,000 brands and has more than 40 lakh listed products across 500 categories.
For market space: Lazada in six countries of Southeast Asia is with the site radiation of 560 million people and about 200 million Internet users. Alibaba ,by holding the stake of Lazada , can get a huge potential consumer segments, and get into the Southeast Asian consumer market quickly . For brand to be local : Alibaba can get a local electricity supplier and mature management team quickly . So Alibaba can reduce the time and cost to make the run-in personnel training and rose to the level of leadership in Southeast Asia. For layout of Chinese brands in Southeast Asia: The acquisition will help brands and distributors from the Chinese mainland quickly cover the platform in Southeast Asia.
Music listeners no longer had to spend hundreds of dollars for only a few thousand songs that needed to be downloaded and take up space on their device, but instead, they now could stream or download over 30 million songs for only $9.99/month. The company reaches its customers through advertisements within the music industry, such as artist album or single releases. And because it is one of the only digital platforms that an artist’s music is now available on. They also offer a great discount for college students at $4.99/month for premium which encourages young listeners to use the service, while yielding to the tight budget most college students live on. As of January 4, 2018, Spotify has more than 70 million paying subscribers, surpassing over $2.2 billion dollars in
Alibaba – the company Jack Ma, a teacher, became acquainted with the internet in 1995 and realized the power of the internet. Also during his initial searches, he found that while webspace contained a lot of information, it contained no information regarding goods being manufactured in China. This led to the creation of Alibaba.com, a business to business e-commerce marketplace platform connecting Chinese sellers to the rest of the world with a vision to make easy for buyers to get connected with sellers, in 1999. With the passage of time, the company experienced growth because of infusion of capital and growth of internet users. From a company started by 18 members, it grew to a company which handles transactions worth more than 1 trillion
WHAT IS ALIEXPRESS? According to TechBoomers (2016), if not known well with AliExpress.com, here are the quick primers. AliExpress is an e-commerce site that allows global purchasers to buy things from discount stockiest in region China and have them delivery to you through basic worldwide dispatch administrations. It is well-known in Russia, however it additionally ships to 200 nations and areas around the world. It 's a tremendous online retailer possessed by The Alibaba Group, a multi-billion dollar company that began as a business-to-business purchasing and offering entry.
Q3. Identify the character traits and skills that have enabled your identified entrepreneur to establish and grow a successful business venture. Despite decades of Academic Research on the topic there is no universal definition of entrepreneurship and no agreement about the precise traits and behaviours that characterize entrepreneurial leaders. The traits and skills that I believe were instrumental to the success of Elon Musk were his belief that he could change the world for the greater good, determination, obsessive, commitment, risk taker, creative, continual self - improvement, workaholic, and an understanding of fundamentals from first principles. From a very early age his father notice that Elon thought differently from everyone
The life story of Steve Jobs is very attractive in the world; moreover, he was an unconventional leader and help the Apple to be one of the most successful companies in the world. During reading this book, it describes the leadership style of Steve Jobs with personality, strengths, and weaknesses in his story. According to the fundamental concepts of leadership, I can gain the positive leadership skills and avoid to adopt his negative side from this book. The book provides lessons about innovation, character, leadership, and values of Steve Jobs (Isaacson, 2011). Apart from reading the book, my type of leadership style will be examined on attributes and personality traits.
Naver is not only used for web search but also used for many e-commerce and e-business such as shopping online and doing business online. Korea is very well-known for its high IT quality, thus, many companies and businesses are making enormous profits through this search engine. Last but not least, Baidu was launched in 2000 by Robin Li in Beijing China. Baidu is a Chinese search engine, thus it is used by Chinese people for most cases. Baidu is the number one search engine in China that is used by Chinese search population.