The Jimmy Beans Wool is an e-commerce company that sells yarn and fabric retail online. In addition to the online business, it also has a physical store in Reno and Nev. It was started by a couple who were former software employees. The couples were named Laura and Doug Zander. The company was established in the year 2002. From the time of establishment, up to five years, the sales of the Jimmy Beans Wool was going well. After five years, their sales reached up to a million dollars. If the Jimmy Beans strategic growth was considered, they were developing at a 50% growth rate every year from 2007 to 2012. With the aim of making the family business a $100 million company, Ms. Zander tried to change their business strategy (Gardella, 2014).
Ms.
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• Should they expand physically into other locations? Should they make more investment as part of the E-Commerce business?
• Should they continue to keep all the hired employees?
• Should Zanders concentrate on their operational guidance like earlier approach or move their focus on being ambassadors?
Ones the solution to all the above questions is obtained, they definitely need to invest in the information technology solutions to enhance their business. The information technology solutions can be adopted based on the kind of decision the couple takes to improve their business (Gardella, 2014).
IT Strategies for Jimmy Beans Wool Improvement
The company can make use of the IT support strategies to improve the sales and business status. The following IT strategies can be used in this case:
Social Media Analysis:
Since the business is mostly based on the E-commerce for its sales, the company can advertise itself on the social media. Social media is one of the viral methods of spreading the news and information about anything in this world. If the company uses better strategies and make few investments in advertising themselves on social media, it will be a wide way for them to grab customer’s attention. Using the data analysis tools available in the market, the company can also perform social media analysis to identify what kind of products, yarn or fabric are grabbing
It is interesting how social media today is influencing the marketing role of many companies and how it’s playing a big role in their success. The more the company advertises on social media, the
Use the following sections to guide your development of your integrated IT plan for your chosen business strategy. Part 2 IT Enablers Opportunity You are interested in introducing several information technology solutions as enablers to deal with some of your new coffee shop issues. Background Given your new strategic focus for your grandfathers coffee shop, what specific IT Enablers will help you with your business strategy implementation and thereby realize your value proposition for the future Example IT Enabler opportunities may include, but are not limited to, the areas of order management, inventory management, marketing and customer outreach, web site implementation and wi-fi. Be certain that you are creative in choosing your IT Enablers so your IT Enabler Opportunity is a very strong value proposition for your new coffee shop and customers. Your value proposition should include value creation activities to enhance productivity, maximize convenience, and improve communications. Task Document the IT Enablers investment which your grandfathers coffee shop could use to increase revenue, reduce costs, and thereby create value. A few questions you might want to address in your documentation for your team report include What IT Enablers would you deploy at your coffee shop and how will your business strategy benefit from the
Social media has grown into one of the most useful digital marketing tools for business owners and corporations and is designed to feed us information at a fast-moving speed. There are many advantages to this development as well as disadvantages. Information is easily obtainable, instant and causes credibility issues. It is important to know and understand all the benefits and disadvantages before using social media because it can alter how a person may use it.
In order for a business to maintain a competitive edge, they need to be able to understand in real time the needs of their customer base. With the advancement of social media, information that once was a trickle has now become a flood and businesses who want to remain competitive must be able to capitalize on information quickly. By analyzing data, businesses are better able to directly focus their marketing efforts and prices to gain their customers notice and stay ahead of their competitors (Savitz, 2012).
The company’s main objective is to introduce ‘; Beyond the bean’’ to the Canadian market in London Ontario on the Richmond road and open up a café for mainly students, to get together and serve as a recreational center. This will be possible through the café and/or by having a variety of board games for the public. The initial approach will be to gain a market share for leveling out the playing field and being a root competitor for similar types of businesses. In the external and internal analysis you will be able to find all the necessary information that will provide you with a generous overview of the company’s
Social media is not new. Facebook has been around since 2004, YouTube since 2005, and Twitter in 2006. What is new is how social media sites like Facebook, YouTube and Twitter are affecting the way businesses market their products and services. Never before in our history have consumers been able to communicate so effortlessly with each other and with the businesses they frequent. Never before have businesses been able to interact and react to customer feedback so quickly and efficiently. However, just because businesses have the ability to use social media for their marketing and advertising efforts, does not necessarily mean they should. This paper intends to
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In today’s business world, more than 90% of businesses engage in social marketing. Social media ‘…when it is done right, can lead to more customers, more traffic and more conversion (DeMers, 2014).’ Big Data can be used to extract customers’ information that can shed light on patterns and behavior. This information can lead to product
Today, many businesses are experiencing the effects of social media. Government, businesses, and communities interact through social media and use it to access their investors and potential customers. According to Donovan (2016), “Most types of businesses today make use of different tactics and techniques to make a significant exposure of their website to its target customers.” The goal is to use social media to maximize their potential in order to be one of the strongest participants in the business world.
Social media is defined as a group of Internet-based applications which build on the platform of Web 2.0 and the contents of these applications can be modified by all users in a participatory and collaborative method (Kaplan and Haenlein, 2010). Social media creates a platform for companies to talk to their customers as a hybrid element of promotion mix. With the emergence of social media, the tools and strategies for companies to connect with customers have also changed (Mangold and Faulds, 2009). To adapt with the emergence of social media in the marketing, companies should have unique insights about these significances (Quan-Haase and Young, 2010). The significances of social media embody three main aspects which are technology, decision-making and purchase behaviors of customers.
Recently, social media has become a global tool for social networking, data sharing and online accessing database. Due to its consistency features, social media has opened a wide place for businesses to implement their marketing strategy. Marketing which mostly occurs via social media is currently known as social media marketing. This strategy of marketing has made possible for companies to reach targeted consumers easily, efficiently and immediately. Besides its benefits, social media marketing also faces several disadvantage in the matter. Therefore, this article argues the benefits and challenges for marketers in the social media marketing field for small and large businesses.
The key purpose of this research proposal is to assess importance of social media marketing significantly of IT products in emerging marketing activities within Unite Kingdom. According to Kim & Ko. (2012) social media marketing is an important and effective method utilised by modern marketers which improves different social networking websites to attract potential consumers and customers. A vital aim of social media marketing is create and generate appropriate subjects which can be use along with social networking for increasing company consociate