MS Business Models - 2059 Words

QUESTION 1: LIST THE BUSINESS MODELS USED BY M S Product/ Service Customization Model M S moderately or diligently aligns its products and ideas based on the dynamic or ever transforming market trends and fashion needs. According to the case study, M S is highly concentrated in the fashion industry and its ever-growing demand for its exclusive garments and customized accessories. Hands-on approach is mostly utilised by modelling agencies to fulfil the industry’s standards, and in the process valued customers attain assistance from M S to enable open communications pertaining to the required alters to be made to placement orders. M S has put in place two forms of communications to assist customers who require to voice out changes†¦show more content†¦MS accomplished the goal of merging its global outlets and in the process transforming them into well designed website that offers web based catalogs showcasing all of their product categories that are on sale. The website enables potential buyers to have detailed description of the product before purch asing. With more detailed description of the products, customers can make intelligent decisions before buying and be able to make payments via various payment channels like debit and credit cards. Chan H (2001) states, â€Å"note here that the business drives the specification of the product and the consumer chooses whether or not to buy a prefabricated product. An example of this in the traditional commerce is purchasing suits of the rack†. Business to employee Business to employee is an e-commerce model in which an organization delivers services, information, or products to its individual employees. The B2E category is a subset of the intrabusiness network, therefore it provides conducive and confidential working environment (team members/individuals) employees of an organization. MS maximizes the use of the EC initiative by setting up a security system that tracks down fraudulent activities within the organization, and generates reports that are instantly conveyed to the security department. As a way of strengthening the security, MS implemented a quick notification of fraudulent activities through short text messages (SMS) via mobileShow MoreRelatedStrategic Role Of Human Resource Management1550 Words   |  7 PagesThe company has been performing consistently well since its commencement. The report also analysis human resource planning and the development methods used by the MS, Finally examining how organisations contribute in achievi ng organisational objectives and requirements in performance. Company Profile Marks Spencer also known as MS established in 1894 in Leeds by Michael Marks and Thomas Spencer. It is one of UK’s leading retail brand and food chain which has over 700 stores in UK. And over 300Read MoreMarks and Spencer Merger with Sainsbury Essay1350 Words   |  6 PagesBackground to organisational strategic change. Marks and Spencer plc is a UK-based company. Many people regard the business as a national institution. It is lovingly called Mamp;S and Marks and Sparks. Mamp;S is known as a best retailer. There are over 370 Marks amp; Spencer stores throughout the UK that sell clothing, food and household goods. The core of its retailing business is clothing, particularly womens. Over 80% of Marks amp; Spencers stores are sited in traditional high street locationsRead MoreZara Case Study986 Words   |  4 PagesSA, one of the super-heated performers in a soft retail market in recent years. When Indtiex offered a 23 percent stake to the public in 2001, the issue was over-subscribed 26 times raising Euro2.1 billion for the company. Zara is unique model in business world today it has its own principles which may varies from its competitors in the same industry starting from production strategy ending with supply chain management strategy, these strategies has to be examined carefully to analyze the thisRead MoreStrategic Reporting Of M S777 Words   |  4 PagesStrategic Reporting of MS Science 1st October 2013, the UK companies were asked to include a ‘strategic reporting’ as a part of Annual Report of the companies by UK government. It is known that, Strategic Reporting is a process that allows companies to answer questions addressing progress, outcome, and performance with respect to specific goals (wiseGEEK 2015). In this essay, i will present a discussion about three points, strategic management, business environment, and business performance. In theRead MoreMix Map Model1245 Words   |  5 PagesMix Map Model Mixmap model provides information that helps the company to determine the factors that effectively analyse the present tactics and based on the analysis it can determine future tactics. Mixmap model includes 4P’s, Product life cycle, BCG matrix and Ansoff matrix. * Product life cycle - Product life cycles (PLC) are the stages that a product goes through during its life cycle in the market. Product life cycle is used in order to show current stage of the product or the companyRead MoreMckinsey 7 S Model1323 Words   |  6 Pagestool for implementation is the McKinsey 7 S model. The 7 S Framework created by two consultants, Tom Peters and Robert Waterman from the McKinsey Company, which uses an internal alignment perspective to improve organization effectiveness (Caraballo, 2015). The McKinsey 7 S model helps strategic managers create and maintain efficient alignment (Dyer, Godfrey, Jensen, Bryce, 2016). According to Singh (2013) indicated the seven elements of the McKinsey model: (a) structure, (b) staff, (c) systemRead MoreAnalysis Of The E Learning Motion, System1207 Words   |  5 Pagesgoals (Schaefer, n.d.).The making of a game plan is atheory involving to build up exact movements even as empowering the business for attaining the key ambitions and targ ets. It includes the utilization of knowledge from making, organizing and analyzing choice on how key issues confronted by means of the organization are tended to. In addition, through the progress of system, a business organization concentrates on discovering approach to develop advantage and to keep up an aggressive aspect (Winter,Read MoreBusiness Model Of Virgin America847 Words   |  4 Pages 2014). This business model referred to as a hybrid model (Baroto, M. D., Abdullah, M. M. B., Ean, H. L., 2012, pg.120). This model is complex because both low cost and differentiator position compete with each other and it is often criticized for this. This strategy is not focused and it can create conflict for the overall leadership strategy (Baroto, M. D., Abdullah, M. M. B., Ean, H. L., 2012, pg.120). We will examine the complexity of Virgin America’s strategic leadership model and how its hybridRead MoreAnalysis Of Michael Porter s Value Chain Essay1740 Words   |  7 PagesD uring 1985, Michael Porter, one of the most important American economists, introduced one of his most famous theories: â€Å"The Value Chain†. Through this model is possible to describe an organization like a set of processes. Precisely nine processes divided in five primary activities and four support activities that help the business to gain its competitive advantage. The primary activities are composed by â€Å"Inbound Logistics†, â€Å"Operations†, â€Å"Outbound Logistics†, â€Å"Marketing Sales† and â€Å"Service†, whileRead MoreCompany Profile Of Tesla Motors1364 Words   |  6 Pages History of Operation Tesla Motors was incorporated in 2003. in 2016, it began production of the Roadster in 2009, Model S unveiled. in 2010, TSLA IPO launched; Announced partnership to develop powertrain system with Toyota RAV4. in 2012, it Started building Supercharger Network across America and Unveiled designs and plans for Model X. in 2013, Tesla got Extreme Tech â€Å"Best Selling Luxury Car. IN 2014, Gigafactory announcement 200th Tesla Charging Station opened, and Musk announces anyone can