The impact of on-line processing has led to reduced cycle times. It takes seconds to deliver digitized products and services electronically; similarly the time for processing orders can be reduced by more than 90 per cent from days to minutes.
Information exchange was constraint in transnational business but e-commerce provides facilities to MNCs and global organizations to transfer real time information to employees, stake holders and customers. E-commerce over the Internet greatly increases interactivity in the economy. These linkages support business organization in expansion of business.
Ecommerce became possible in 1991 when the Internet was opened to commercial use.
While there are indications of e-commerce patronage among large firms in developing countries, there seems to be little and negligible use of the Internet for commerce among small and medium sized firms. E-commerce promises better business for SME’s and sustainable economic development for developing countries.
But its other two “big bets,” Grauer says, are (1) using the vast data at its disposal (in terms of the sorts of content and help students are looking for) to create its own content and (2) building out its portal for educators.
Course Hero was founded in 2006, one of a slew of websites that enabled students to post and download syllabi, worksheets, essays, previous exams and other course materials. Among its differentiators was that the materials were all tied to specific courses.
Grauer, the Course Hero CEO and co-founder, says the company combats potential academic misconduct in every way it can. Any time it identifies cases of abuse, "or where it becomes exceedingly clear that there is abuse," site monitors "remove that content.".
While Strategic management can also prevent problems occurring as environmental forecasting and strategic planning are integral parts of strategic management, this enables organisations to anticipate problems and take timely action to prevent the problems occurring.
Overall, strategic management is important for organisations to gain a competitive advantage, while using the models discussed gives them the ability to analyse the environment of the industry and gain said competitive advantage.
Assignment Title: Strategic management models and theories, in the context of Boohoo Plc, with evaluation of the extent to which these models might enable the organisation to achieve its goals.
While Boohoo Plc state that they sustainable and have equality in the work environment (Boohoo Plc, 2019). But this could be classed as Greenwashing, which is when an organisation such as Boohoo Plc claim they are sustainable and environmentally friendly, but this is only done as a marketing gimmick.