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Posts : 193 Join date : 2011-01-09
| Subject: The e-commerce savvy manager Tue Jan 18, 2011 12:48 pm | |
| The e-commerce savvy manager ******
To successfully manage a business in the e-commerce era, all of the traditional skills will still be necessary: marketing, finance, personnel administration, etc. will still be vital. The additional new skills needed will be: •A good understanding of how the www works. •Flexibility of mind to follow (or better, produce) the quick changes which are taking place in this environment. These changes are technological as well as cultural, social and economical. The new mentality Although the traditional skills will still be necessary, many of the basic assumptions a manager could make until a short time ago will have to change. Let's look at some examples of concepts that do not work anymore: •"I can charge a higher price than some of my competitors, based on the fact that the customer has no easy way to find my competitors and look at their prices." No way! The web did away with this inability of the customer to compare prices. •"Since I deliver to the customer's door, they can not purchase from a far-away supplier." Forget it: UPS, Federal Express, etc. will deliver door to door in 24 hours from one corner of the world to the other. •"I can afford a few unsatisfied customers, since they have no way to communicate their complaints to my mass of customers and prospects." Silly! One single unhappy customer can post his complaint on the web and let thousands know. Recently in Japan a buyer of a Toshiba video recorder, unhappy with the way the company ignored his request for service, posted this complaint in the web. He got 6.3m hits a day as other customers added their complaints. Toshiba sued but last June the courts ruled in favor of the customer. The company publicly apologized. •"I manage a giant chain of retail stores. No way a competitor can be a menace, the amount of capital needed would be too large." Ha! Just look at how Amazon.com put Barnes & Noble in a tight spot in a short time. | |
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