Question

In: Accounting

The highly dynamic market environment is not only a challenge, but also an opportunity for enterprise....

The highly dynamic market environment is not only a challenge, but also an opportunity for enterprise. Describe the challenges faced by fast growing enterprise in internet industry (Alibaba) and traditional enterprise (Haier Group) during this pandemic Covid -19. How can the enterprises cope with these environment changes and turn into opportunity?

Solutions

Expert Solution

The highly dynamic market environment is not only a challenge, but also an opportunity for enterprise. Describe the challenges faced by fast growing enterprise in internet industry (Alibaba) and traditional enterprise (Haier Group) during this pandemic Covid -19. How can the enterprises cope with these environment changes and turn into opportunity?

Covid -19 virus has been spreaded to more than 190 countries. This pandemic has not only dangered the human lives but also affected the business and economy of several countries. From internet industry like (alibba) to the traditional enterprises ( Haier Group) , every business industry faced a huge fall in business. Here are some of the suggestive measures for both types of industries.

Turn the changing behavior of Customers into an opportunity - Looking at the bright side of this pandemic, lockdown has brought many customers top e-commerce stores. As per the survey, people has stoooped visitng the malls and shops, so the online buying would not end as a trend but will last for long term.

Seek more suppliers - Increase the possible alternative suppliers so as to meet the diversified demands of customers . This is a positive point for both internet industry as well as traditional business.

Capture special days for sales - Festivals and special days are always celebrated. But due to anxiety of this pandemic, there are greater chances that people switch to online shopping. Increasing product range would help the sellers to increase the sales and ultimately generate more revenues.

Upgrade the user experience - In addition to providing complete range of products to customers, providing discounts and offers are equally important. This situation can be turned into an opportunity by making the customers adhered to your shopping portal.  


Related Solutions

Is the U.S. stock market efficient?  Also, discuss the behavior challenge to market efficiency:
Is the U.S. stock market efficient?  Also, discuss the behavior challenge to market efficiency:
The legal environment today is not friendly to auditors. Not only clients but also third parties...
The legal environment today is not friendly to auditors. Not only clients but also third parties can sue the auditor. Please explain auditor’s legal liability to clients (5 points, at least two meaningful explanations) and third parties (5 points, at least two meaningful explanations).
If assessment results are highly valid, will they also be highly reliable. If assessment results are...
If assessment results are highly valid, will they also be highly reliable. If assessment results are highly reliable, they may or may not be valid. In selecting an assessment, validity has priority over reliability. Give example of each
Select a challenge or an opportunity that you perceive to be quite a demanding one for...
Select a challenge or an opportunity that you perceive to be quite a demanding one for today's managers, Write a Reflection Essay that expresses your reasoning and, Include a link to a current news article that supports your argument. Your post should be a minimum of 450 Words with reference cited.
design enterprise network. design of your enterprise environment. The design shall include at least two physical...
design enterprise network. design of your enterprise environment. The design shall include at least two physical offices with WAN connectivity between them. The design shall include the appropriate devices to support the design and accepted industry best practices. The design shall include all services and components to support a functional business. The design shall include data network speeds and redundancy as appropriate to minimize loss of service. The design shall include infrastructural services to ensure maximum uptime and performance while...
Explain the functional use and implementation for a domain controller in an enterprise environment
Explain the functional use and implementation for a domain controller in an enterprise environment
In what ways did the we challenge or what you thought of “equal opportunity” and “the...
In what ways did the we challenge or what you thought of “equal opportunity” and “the American Dream”?
Succession/resilience/fire ecology: Should ecosystems that are highly resistant to disturbance also be highly resilient, or, would...
Succession/resilience/fire ecology: Should ecosystems that are highly resistant to disturbance also be highly resilient, or, would they be inversely related where resistant ecosystems would have low resilience (and vice versa)?   There is no known consistent answer to this in the ecology literature, so providing justification for one position or providing logical arguments for both positions would be perfectly acceptable.
can anyone do this ? Braganza Enterprise uses a perpetual inventory system and has a highly...
can anyone do this ? Braganza Enterprise uses a perpetual inventory system and has a highly labour intensive production process, so it assigns manufacturing overhead based on direct labour cost. Braganza’s predetermined overhead application rate for 2019 was computed from the following data: Total estimated factory overhead $1,256,000 Total estimated direct labour cost $785,000 The following activities took place in the work in process inventory during August: WIP Inventory A/C August 1 Bal. b/f 51,250 Direct Materials Used 254,800 Other...
A monopoly is an enterprise that is the only seller of a good or service. Meralco...
A monopoly is an enterprise that is the only seller of a good or service. Meralco or Manila Electric Company is a perfect example of monopoly in the Philippines because it is the major distributor of electricity without major competition here in the country. The absence of a direct competitor characterizes the monopoly market; a monopoly ultimately provides the “authority” to act in any manner deemed appropriate for its welfare despite destructive or disadvantageous to the consumers. These are the...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT