Considering the results of this external analysis, it is recommended that eBay Inc. With so many different things pulling at your attention, it's easy to get caught up in the minutia at the expense of the big picture. Problem is, it proved little people in Congress know about the workings of the internet. Scenario 6: Your entire business lives on your laptop and if it was stolen, you'd lose everything. In 2011, eBay employed the services of Triad Retail Media to help with its display business, and they now manage all the on-site adverts on eBay.
This social external factor creates an opportunity to grow eBay Inc. Other high traffic competitor sites include Craigslist, Etsy, Walmart and Overstock. You have helped me out in the past. They build a brand and reputation. Still, government interest from could the beginnings of changes in data protection for companies like eBay.
Strategy: Start selling online to mitigate some of the risk. Photo: Public Domain eBay Inc. Weaknesses These are negative, internal factors that affect how your business performs. During the fiscal year that ended December 31, 2012, eBay completed three acquisitions, two of which are included in its Marketplaces segment and one in its Payments segment. Remember, there's no right or wrong answer here. Originally, they may have just ended up in the trash or tossed on the side of the road. I have posted up my work for days and seems like no one is willing to help.
This external analysis indicates that transactions among buyers and sellers must comply with existing rules. I will need your help again. Economic factors: unending supply of unique products eBay sellers are located all over the world. It also solves the long list problem where organizations ends up making a long list but none of the factors deemed too critical. Towards the end of the year 2013, there were over 128 million active members of the platform.
Internal factors come from within your ecommerce business while external factors come from the larger environment surrounding your business. Instead, they arrive safely to your door with a click of the mouse. Can you leverage your strengths to better take advantage of opportunities? Now work on narrowing down those lists so they will fit on a single page, arranged in a 2 x 2 matrix example below. Whatever your style or desire, you can find it there. Although many more factors came up during brainsorming, these were deemed to be the most important. It requires servers, online payment systems, and storage for digital information.
This issue arises from cases of fraud among buyers and sellers. You buy them, receive a box, but it only has a brick inside. Only a little could be done by eBay to rectify this, as there is no way they could verify the location of the sellers. Given their financial strength, this has helped their expansion activities. He recently had to answer questions regarding his social platform and the use of data. Such external factors are linked to government policies in areas where the company operates. Strengths These are positive, internal factors that affect how your business performs.
A similar trend of growth in the number of people and amount spent on online stores was also seen in other countries such as U. It could be because someone wants it gone immediately, or you were just at the right place at the right time. Instead of selling everything under the sun, they niche down. Business Horizons, 17 5 , 27-38. Most likely, a pattern will emerge that will show you what to focus on. Organizations also assess the likelihood of events taking place in the coming future and how strong their impact could be on company's performance. .
More importantly, it will help you stay successful in a turbulent marketplace. In this case, eBay Inc. Chandler, Strategy and Structure Cambridge, Mass. The eBay is one of the leading organizatations in its industry. I recommend reading through them no matter what to avoid missing important factors. For more on Amazon, read. Close their account and vanish.
This part of the external analysis depicts an industry environment that is also subject to anti-trust policies. It has successfully integrated number of technology companies in the past few years to streamline its operations and to build a reliable supply chain. Step 4: Narrow your lists Start with the lists from your brainstorming session. Strengths and weaknesses are under your control. As circumstances, capabilities, threats, and strategies change, the dynamics of a competitive environment may not be revealed in a single matrix. Environmental factors: Green shopping Online shopping is better for the environment.
Economic Factors Important to eBay Inc. Otherwise, people will leave the site. Being successful, however, is another matter. Both should be included in a , if you need to seek financing. Strengths and weaknesses mostly focus on the present, while opportunities and threats mostly focus on the future. Weakness of eBay — Internal Strategic Factors Weakness are the areas where eBay can improve upon.