The traditional retail model has focused on finding high-margin, high-volume pro

Question

The traditional retail model has focused on finding high-margin, high-volume products or services because limited space means reduced space inventory. For example, organizations such as Walmart select the biggest hits from the broadest genres, called the “short head.” The short head means Walmart will only carry a select mix of country, pop, and rock that is calculated to provide the greatest cost/benefit. The business model of Amazon is different. Amazon provides the short head but also provides the “long tail” of more than 100,000 different audio selections. The competition for customers between the Walmart and Amazon marketplace is profoundly changing the face of retail business today.

Using the assigned reading and the Argosy University online library resources, find at least three scholarly articles that address similar current trends related to e-business and how e-business is changing the face of businesses today.

Using your company or a real-world example from your research, respond to the following:

Describe how technology is changing the face of businesses today.

Describe the most critical business processes that utilize information systems in your selected company.

Explain how IT makes the company’s business processes faster, cheaper, more accurate, and customer-savvy than that of competitors.

Explanation / Answer

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Technology is completely changing the face of business today. Earlier, processes that would take hours or days to complete is now happening within seconds. Everything that we need can be ordered at our fingertips and will be delivered at our doorstep. And with the wide range of payment option, everyone is using technology to power their business which has led to a major boom of ecommerce firms. change is one of the most critical business plan and companies are now willing to change from traditional methods to new exciting technologies which aim to redefine the way business is done. IT makes a company's process so much cheaper, faster and better as it gives us more efficiency and accuracy for a lower manpower. It eliminates the traditional use of paper and book keeping as everything is now managed by computers.

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