E- Business and Opportunities for JB HI-FI Company - myassignmenthelp

Question: Discuss about theE- Business and Opportunities for JB HI-FI Company. Answer: This report reflects how retail stores in Australia are adapting towards online business with a view to increase their overall market share. With the increasing ramification of economic changes and complex business conditions, each and every organization is adapting online business in their business functioning. There are several stores such as Wesfarmers, Woolworths and Mayer who have installed cyber computing enterprises resources planning system in their business functioning (Van Everdingen, Van Hillegersberg and Waarts, 2010). This system is adopted by them with a view to ease their manual work and make automation in their business functioning. It is considered that with the changing business environments, clients are more clients towards company which uses sophisticated technologies in their value chain activities (Katerattanakul, Lee and Hong, 2014). In this report, JB HI-FI Company has been taken into consideration. It is an Australian electronic goods selling company. This co mpany has installed cyber computing enterprises resources planning system in their business functioning which will help clients to shop online through its developed dashboards. This cyber computing enterprises resources planning system in their business functioning will also increase the overall communication between employees to employees and employees to clients. The operating system of JB-HI-FI is completely based on the cyber computing enterprises resources planning system in which all the works are segregated to different departments such as functional, budgetary, matrix project department. It is evaluated that clients needs and demand have been changing throughout the time (Gerow, et al. 2014). Many retails stores such as Wesfarmers, Red Ballon and Dhaka have adopted cyber computing enterprises resources planning system in their business functioning so that they could take their business online and create effective brand image in clients. Market. This level of technologies ado ptions allows clients to do window shopping effectively by surfing on net (Flamholtz and Randle, 2012). This not only saves clients time but also allow them to broad their choices with millions of products choice. This level of cyber computing enterprises resources planning system has shown a bright future for JB-Hi-FI to increase its overall turnover and effective business functioning. If JB-HI-FI could consistently adopt this level of cyber computing enterprises resources planning system to keep its business online with unique features as per the expectation and clients interest then it will surely result to bright future and effective brand image of company (Flamholtz and Randle, 2012). Now in the end, it could be inferred that this level of cyber computing enterprises resources planning system will bring more simplicity and effective business functioning for retails stores in Australia. However, innovation and creation of technologies will determine the vulnerability of online business of retail stores throughout the time. However, with the present level of demand and clients inclinations, if retails stores wants to create effective brand image and increase their turnover then adoption of online business is very much required part of business. Therefore, it could be inferred that retails stores and their online business has effective and positive future. References Flamholtz, E.G. and Randle, Y., 2012. Corporate culture, business models, competitive advantage, strategic assets and the bottom line: Theoretical and measurement issues.Journal of Human Resource Costing Accounting,16(2), pp.76-94. Gerow, J.E., Grover, V., Thatcher, J.B. and Roth, P.L., 2014. Looking toward the future of IT-business strategic alignment through the past: A meta-analysis.Mis Quarterly,38(4), pp.1059-1085. Katerattanakul, P., J. Lee, J. and Hong, S., 2014. Effect of business characteristics and ERP implementation on business outcomes: An exploratory study of Korean manufacturing firms.Management Research Review,37(2), pp.186-206. Van Everdingen, Y., Van Hillegersberg, J. and Waarts, E., 2010. Enterprise resource planning: ERP adoption by European midsize companies.Communications of the ACM,43(4), pp.27-31.