The Internet of Things (IoT): Shaping the Future of e-Commerce Description
In March 2015, Amazon unveiled to its selected Prime members a wi-fi connected Dash Button that could be attached to home appliances and allowed consumers to make online orders automatically by simply pushing the button. In April 2015, Alibaba, the Chinese e-commerce giant, established "smart living" business unit, taking another step in deeply exploiting the Internet of Things (IoT) business opportunities. Internet of Things was defined as a worldwide information infrastructure in which physical and virtual objects were uniquely identified and connected over the internet. These inter-connected devices would generate and communicate big data dynamically, enhance operational efficiency and create new business opportunities for various industries. The e-commerce sector was no exception to the booming IoT development trend. The IoT would expand the scope and depth of e-commerce by linking people, smart devices and objects that were offline in the current e-commerce business model, generating unprecedented big data on product performance and customer behavior and experience, involving more communication and action, and ultimately shaping the future of e-commerce. How would the IoT change the current e-commerce model? What business transformations could companies undergo to integrate the IoT with existing e-commerce platforms and create new business models and competitive advantage?
100% money back guarantee if the quality doesn't match the promise
100% Plagiarism Free
If the work we produce contain plagiarism then we payback 1000 USD
Paypal Secure
All your payments are secure with Paypal security.
300 Words per Page
We provide 300 words per page unlike competitors' 250 or 275
Freebies
Free Title Page, Citation Page, References, Exhibits, Revision, Charts
Case study solutions are career defining. Order your custom solution now.
Case Analysis of The Internet of Things (IoT): Shaping the Future of e-Commerce
The Internet of Things (IoT): Shaping the Future of e-Commerce is a Harvard Business (HBR) Case Study on Technology & Operations , Texas Business School provides HBR case study assignment help for just $9. Texas Business School(TBS) case study solution is based on HBR Case Study Method framework, TBS expertise & global insights. The Internet of Things (IoT): Shaping the Future of e-Commerce is designed and drafted in a manner to allow the HBR case study reader to analyze a real-world problem by putting reader into the position of the decision maker. The Internet of Things (IoT): Shaping the Future of e-Commerce case study will help professionals, MBA, EMBA, and leaders to develop a broad and clear understanding of casecategory challenges. The Internet of Things (IoT): Shaping the Future of e-Commerce will also provide insight into areas such as – wordlist , strategy, leadership, sales and marketing, and negotiations.
Case Study Solutions Background Work
The Internet of Things (IoT): Shaping the Future of e-Commerce
case study solution
is focused on solving the strategic and operational challenges the protagonist of the case is facing. The challenges involve – evaluation of strategic options, key role of Technology & Operations, leadership qualities of the protagonist, and dynamics of the external environment. The challenge in front of the protagonist, of The Internet of Things (IoT): Shaping the Future of e-Commerce, is to not only build a competitive position of the organization but also to sustain it over a period of time.
Strategic Management Tools Used in Case Study Solution
The The Internet of Things (IoT): Shaping the Future of e-Commerce case study solution requires the MBA, EMBA, executive, professional to have a deep understanding of various strategic management tools such as SWOT Analysis, PESTEL Analysis / PEST Analysis / STEP Analysis, Porter Five Forces Analysis, Go To Market Strategy, BCG Matrix Analysis, Porter Value Chain Analysis, Ansoff Matrix Analysis, VRIO / VRIN and Marketing Mix Analysis.
Texas Business School Approach to Technology & Operations Solutions
In the Texas Business School, The Internet of Things (IoT): Shaping the Future of e-Commerce case study solution – following strategic tools are used - SWOT Analysis, PESTEL Analysis / PEST Analysis / STEP Analysis, Porter Five Forces Analysis, Go To Market Strategy, BCG Matrix Analysis, Porter Value Chain Analysis, Ansoff Matrix Analysis, VRIO / VRIN and Marketing Mix Analysis.
We have additionally used the concept of supply chain management and leadership framework to build a comprehensive case study solution for the case – The Internet of Things (IoT): Shaping the Future of e-Commerce
Step 1 – Problem Identification of The Internet of Things (IoT): Shaping the Future of e-Commerce - Harvard Business School Case Study
The first step to solve HBR The Internet of Things (IoT): Shaping the Future of e-Commerce case study solution is to identify the problem present in the case. The problem statement of the case is provided in the beginning of the case where the protagonist is contemplating various options in the face of numerous challenges that Iot Commerce is facing right now. Even though the problem statement is essentially – “Technology & Operations” challenge but it has impacted by others factors such as communication in the organization, uncertainty in the external environment, leadership in Iot Commerce, style of leadership and organization structure, marketing and sales, organizational behavior, strategy, internal politics, stakeholders priorities and more.
Step 2 – External Environment Analysis
Texas Business School approach of case study analysis – Conclusion, Reasons, Evidences - provides a framework to analyze every HBR case study. It requires conducting robust external environmental analysis to decipher evidences for the reasons presented in the The Internet of Things (IoT): Shaping the Future of e-Commerce.
The external environment analysis of The Internet of Things (IoT): Shaping the Future of e-Commerce will ensure that we are keeping a tab on the macro-environment factors that are directly and indirectly impacting the business of the firm.
What is PESTEL Analysis? Briefly Explained
PESTEL stands for political, economic, social, technological, environmental and legal factors that impact the external environment of firm in The Internet of Things (IoT): Shaping the Future of e-Commerce case study. PESTEL analysis of " The Internet of Things (IoT): Shaping the Future of e-Commerce" can help us understand why the organization is performing badly, what are the factors in the external environment that are impacting the performance of the organization, and how the organization can either manage or mitigate the impact of these external factors.
How to do PESTEL / PEST / STEP Analysis? What are the components of PESTEL Analysis?
As mentioned above PESTEL Analysis has six elements – political, economic, social, technological, environmental, and legal. All the six elements are explained in context with The Internet of Things (IoT): Shaping the Future of e-Commerce macro-environment and how it impacts the businesses of the firm.
How to do PESTEL Analysis for The Internet of Things (IoT): Shaping the Future of e-Commerce
To do comprehensive PESTEL analysis of case study – The Internet of Things (IoT): Shaping the Future of e-Commerce , we have researched numerous components under the six factors of PESTEL analysis.
Political Factors that Impact The Internet of Things (IoT): Shaping the Future of e-Commerce
Political factors impact seven key decision making areas – economic environment, socio-cultural environment, rate of innovation & investment in research & development, environmental laws, legal requirements, and acceptance of new technologies.
Policy Making Impact on The Internet of Things (IoT): Shaping the Future of e-Commerce
Government policies have significant impact on the business environment of any country. The firm in “ The Internet of Things (IoT): Shaping the Future of e-Commerce ” needs to navigate these policy decisions to create either an edge for itself or reduce the negative impact of the policy as far as possible.
Data safety laws – The countries in which Iot Commerce is operating, firms are required to store customer data within the premises of the country. Iot Commerce needs to restructure its IT policies to accommodate these changes. In the EU countries, firms are required to make special provision for privacy issues and other laws.
Competition Regulations – Numerous countries have strong competition laws both regarding the monopoly conditions and day to day fair business practices. The Internet of Things (IoT): Shaping the Future of e-Commerce has numerous instances where the competition regulations aspects can be scrutinized.
Import restrictions on products – Before entering the new market, Iot Commerce in case study The Internet of Things (IoT): Shaping the Future of e-Commerce" should look into the import restrictions that may be present in the prospective market.
Export restrictions on products – Apart from direct product export restrictions in field of technology and agriculture, a number of countries also have capital controls. Iot Commerce in case study “ The Internet of Things (IoT): Shaping the Future of e-Commerce ” should look into these export restrictions policies.
Foreign Direct Investment Policies – Government policies favors local companies over international policies, Iot Commerce in case study “ The Internet of Things (IoT): Shaping the Future of e-Commerce ” should understand in minute details regarding the Foreign Direct Investment policies of the prospective market.
Taxation & Regulation Impact on The Internet of Things (IoT): Shaping the Future of e-Commerce
Corporate Taxes – The rate of taxes is often used by governments to lure foreign direct investments or increase domestic investment in a certain sector. Corporate taxation can be divided into two categories – taxes on profits and taxes on operations. Taxes on profits number is important for companies that already have a sustainable business model, while taxes on operations is far more significant for companies that are looking to set up new plants or operations.
Tariffs – Chekout how much tariffs the firm needs to pay in the “ The Internet of Things (IoT): Shaping the Future of e-Commerce ” case study. The level of tariffs will determine the viability of the business model that the firm is contemplating. If the tariffs are high then it will be extremely difficult to compete with the local competitors. But if the tariffs are between 5-10% then Iot Commerce can compete against other competitors.
Government Scheme & Subsidies Impact on The Internet of Things (IoT): Shaping the Future of e-Commerce
Research and Development Subsidies and Policies – Governments often provide tax breaks and other incentives for companies to innovate in various sectors of priority. Managers at The Internet of Things (IoT): Shaping the Future of e-Commerce case study have to assess whether their business can benefit from such government assistance and subsidies.
Consumer protection – Different countries have different consumer protection laws. Managers need to clarify not only the consumer protection laws in advance but also legal implications if the firm fails to meet any of them.
Political System & Stability, and its Impact on The Internet of Things (IoT): Shaping the Future of e-Commerce
Political System and Its Implications – Different political systems have different approach to free market and entrepreneurship. Managers need to assess these factors even before entering the market.
Freedom of Press is critical for fair trade and transparency. Countries where freedom of press is not prevalent there are high chances of both political and commercial corruption.
Corruption level – Iot Commerce needs to assess the level of corruptions both at the official level and at the market level, even before entering a new market. To tackle the menace of corruption – a firm should have a clear SOP that provides managers at each level what to do when they encounter instances of either systematic corruption or bureaucrats looking to take bribes from the firm.
Independence of judiciary – It is critical for fair business practices. If a country doesn’t have independent judiciary then there is no point entry into such a country for business.
Government attitude towards trade unions – Different political systems and government have different attitude towards trade unions and collective bargaining. The firm needs to assess – its comfort dealing with the unions and regulations regarding unions in a given market or industry. If both are on the same page then it makes sense to enter, otherwise it doesn’t.
Economic Factors that Impact The Internet of Things (IoT): Shaping the Future of e-Commerce
Social Factors that Impact The Internet of Things (IoT): Shaping the Future of e-Commerce
Technological Factors that Impact The Internet of Things (IoT): Shaping the Future of e-Commerce
Environmental Factors that Impact The Internet of Things (IoT): Shaping the Future of e-Commerce
Legal Factors that Impact The Internet of Things (IoT): Shaping the Future of e-Commerce
Step 3 – Industry Specific Analysis
What is Porter Five Forces Analysis
PESTEL stands for political, economic, social, technological, environmental and legal factors that impact the external environment of firm in The Internet of Things (IoT): Shaping the Future of e-Commerce case study. PESTEL analysis of " The Internet of Things (IoT): Shaping the Future of e-Commerce" can help us understand why the organization is performing badly, what are the factors in the external environment that are impacting the performance of the organization, and how the organization can either manage or mitigate the impact of these external factors.
Amanda is strategy expert at Texas Business School. She is passionate about corporate strategy, competitive strategy, game theory, and business model innovation. You can hire Texas Business School professinoals to revolutionize your strategy & business.
Hurley Dry-Fit Chino Short. Men's chino short. Outseam Length: 19 Dri-FIT Technology helps keep you dry and comfortable. Made with sweat-wicking fabric. Fitted waist with belt loops. Button waist with zip fly provides a classic look and feel .
