In: Economics
Identify any four businesses / organizations currently practicing e-commerce in Oman and identify the current software technologies/ strategies / techniques being used / opted by those organizations/businesses with brief about each technology.
The e-commerce market in Oman consists for only 1% of total market.
4 organizations currently practicing e-commerce in Oman-
1. Flipkart
Strategy used by Flipkart-
Flipkart has adapted an intricate business structure with nine firms.
It has also been derived that Flipkart intends to operate their concern of electronic commerce principally framing it upon both B2C and B2B modes of trade. In order to serve the contextual enquiry, it is imperative to state that the B2C method is more popular in Oman and subsequent provinces due to the prevalence retail-oriented consortium of investors led by a cumulative community of firm managers across the country. This can be represented as the principal reason to justify the dynamism of virtual encounter that has been prevalent with the business concerns and the ultimate consumers.Though the marketing experts due to its discontinuous and sporadic nature in the Omani premises have criticized this model of operation, it still has been practiced consistently in those regions mainly due to compatibility with dynamism which is one of the prime requisite for the retail traders.
2. OLX
Strategy used by OLX
OLX is dedicated to develop itself as the missing link between the buyers and sellers simply by connecting them with a wast virtual market that it usually adopts as a fabricated model of trade with the active participation of both B2B and B2C modes of trade.
This has been possible due to the contemporary advancement of technological expertise and it has been witnessed that OLX has been able to stimulate the commerce behind the trading trends. Moreover, principally the Omani virtual sellers intends to cope with this two particular models since it usually comes with the insurance that prevents the vulnerable possibilities of damage to the goods.
3. Amazon
Strategy used by Amazon-
Amazon seems to be the odd one and holds a stark contrast between the modes of inter-changeability of deliverables.
Amazon appears to function both on the Business-to Consumer (B2C) and Business-to-Business (B2B) .All across the virtual outlets and especially in Oman, Amazon appears to integrate the fundamental principle of the both the philosophies that back the models. For instance, Amazon enables their prospective sellers to develop their own web page where he/she can place their products, which is supposed to be catered for their consumers. On the other hand, Amazon appears to offer their own deliverables while enabling their consumers to purchase those stuffs directly.
4. e-Bay
Strategy used by e-bay
e-Bay operates via two modes of online sales and those can be classified as Consumer-to-Consumer (C2C) and Business-to-Consumer (B2C)
Via C2C e-commerce practices e-Bay specifically in Omani provinces typically commands the virtual exchange of products between two business organizations. It has been witnessed that usually the commercial wholesalers and the producers are supposed to adapt this method of trade. On the other hand, though it is less prevalent as compared to the prevalent model of practice in Omani provinces, this model is dedicated to govern the virtual encounter between the business concerns and ultimate consumers. The retail sectors and associated traditional trading prevalent across Oman appear to adapt this mode of trade.