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Module name: E-Commerce Systems Module code: Title of the Assignment: A Critical Analysis of your E- Commerce Organisation Student Name: Student Id:
Page 2 of 13 Table of Contents Introduction .......................................................................................................................... 3 Business Overview ................................................................................................................ 3 Vision ................................................................................................................................ 3 Mission .............................................................................................................................. 3 Products and Services ........................................................................................................ 3 Targeted customers ............................................................................................................ 4 Organisational Structure .................................................................................................... 4 SWOT Analysis .................................................................................................................... 4 Key elements of the organisation’s business model ................................................................ 5 Value Proposition .............................................................................................................. 5 Revenue Model ................................................................................................................. 6 Market Opportunity ........................................................................................................... 7 Competitive Environment .................................................................................................. 8 Competitive Advantage ...................................................................................................... 8 Application of Online Marketing to reach targeted market using social marketing process .... 8 Mobile Marketing .............................................................................................................. 8 Local Marketing ................................................................................................................ 9 Recommendations ............................................................................................................. 9 Four unique features of e-commerce and its implications on the company ........................... 10 Convenience .................................................................................................................... 10 Global Reach ................................................................................................................... 10 Lower overhead cost ........................................................................................................ 10 Conclusion .......................................................................................................................... 11 Reference ............................................................................................................................ 12
Page 3 of 13 Introduction In the world of retail pharmacy, the competition is cutthroat, but Boots Pharmacy has managed to establish itself as a trustworthy and well-known contender. The commitment of Boots Pharmacy to providing excellent healthcare products and services is well-known, and it has established a reputation for being reliable and ensuring customer satisfaction. The purpose of this report is to thoroughly examine the company's operational summary, aspirations, objectives, intended audience, corporate hierarchy, SWOT evaluation, fundamental components of the business strategy, unique selling proposition, income generation approach, potential market prospects, rivalrous surroundings, and distinct edge. Furthermore, it aims to investigate the utilisation of digital advertising tactics, such as social media marketing and geo-targeted advertising, in order to connect with the intended audience. In addition, the document will analyse the impact of online business on Boots Pharmacy, with a particular emphasis on its ease of use, worldwide accessibility, and reduced operational expenses. The report will showcase essential tactics for Boots Pharmacy to make the most of its advantages and possibilities while dealing with the difficulties of the rival environment. Business Overview Vision Boots Chemist is a well-known drugstore enterprise that functions in the consumer pharmacy sector. Having a robust existence in the industry, Boots Drugstore has positioned itself as a reliable supplier of medical commodities and amenities. The corporation's dedication to client contentment, superior merchandise, and reachable medical assistance has added to its triumph and extensive acknowledgement. Mission Boots Chemist's aspiration is to emerge as the foremost medical goods merchant universally. Through perpetual adjustment to evolving client demands and technological progress, Boots Drugstore endeavours to remain at the vanguard of the sector. Products and Services Boots Chemist provides an extensive assortment of commodities and amenities to fulfil diverse medical requirements. The corporation offers prescribed remedies, non-prescription substances, nourishing elements and enhancers, individual hygiene goods, attractiveness and makeup, and medical gear (Murray, Gao, and Subramanian, 2020). Furthermore, Boots Drugstore also offers prescription completion, wellness discussions, drug administration facilities, and health checkups.
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Page 4 of 13 Targeted customers Boots Chemist accommodates a wide-ranging clientele, comprising of people of all generations in search of medical goods and amenities. The corporation aims at patrons who appreciate ease, dependability, and individualised attention. Boots Apothecary caters to both singular customers and medical experts, providing distinct amenities and merchandise customised to their particular requirements. Organisational Structure Boots Chemist adheres to a graded organisational framework to effectively handle its activities. At the highest echelon, there exists a council of administrators accountable for tactical judgment-making and supervising the enterprise's execution. Beneath the plank, diverse divisions like advertising, management, money, personnel, and shop management are organised, each headed by skilled supervisors. This layered arrangement allows efficient correspondence, synchronisation, and judgement within the establishment. SWOT Analysis Strengths Weaknesses 1. Strong brand recognition and reputation. 1. Limited geographical presence compared to global competitors. 2. Wide range of products and services catering to diverse customer needs. 2. Reliance on external suppliers for inventory. 3. Extensive network of physical stores providing convenient access to customers. 3. Limited online presence and e- commerce capabilities. 4. Expertise in healthcare and pharmaceutical services. 4. Relatively high prices compared to some competitors.
Page 5 of 13 5. Well-trained and knowledgeable staff. 5. Lack of differentiation in product offerings. Opportunities Threats 1. Increasing demand for healthcare and wellness products. 1. Intense competition from other pharmacy retailers. 2. Growing emphasis on personalized healthcare solutions. 2. Regulatory changes affecting pharmaceutical industry. 3. Expansion into new geographical markets. 3. Shift towards online retail and e- commerce. 4. Collaborations with healthcare providers for integrated services. 4. Price fluctuations in pharmaceutical products. 5. Advancements in technology for improved customer experience. 5. Potential disruptions in the supply chain. Key elements of the organisation’s business model Value Proposition Boots Pharmacy prides itself on providing top-notch healthcare solutions and offerings that cater to the unique requirements of its clientele. The unique selling proposition of the corporation comprises various crucial components that distinguish it from the rival market.
Page 6 of 13 Above all, Boots Pharmacy is dedicated to upholding the utmost levels of excellence and dependability. The company meets the strict quality guidelines for all its products, including healthcare accessories, over-the-counter drugs, and prescription medications. The quality of the products sold at Boots Pharmacy is unparalleled, ensuring that customers can rely on their safety and effectiveness. The fundamental principle of Boots Pharmacy's value proposition is centred around ease and availability. The company has realised the significance of accessibility in the healthcare sector and has therefore created a vast chain of brick-and-mortar outlets placed strategically to ensure customers can easily reach them (Väätänen, and Aramo-Immonen, 2020). Furthermore, Boots Pharmacy has adopted modern advancements and created a digital platform that enables patrons to purchase merchandise and obtain beneficial medical knowledge without leaving their residences (Shah and Patil, 2020). The flawless amalgamation of online and offline channels amplifies the ease of access for consumers. The proficient personnel at Boots Pharmacy, comprising of healthcare experts and chemists, are a source of great pride for the company. The professionals have the required knowledge to offer individualised attention and direction to clients. The team at Boots Pharmacy is committed to providing personalised recommendations to every customer, whether it's related to medication usage, healthcare options, or addressing any concerns they may have (Hao, and Lu, 2020). In addition, Boots Pharmacy acknowledges the significance of establishing reliance and enduring connections with its clients. The corporation endeavours to establish a constructive and hospitable atmosphere that makes clients feel appreciated and esteemed. Boots Pharmacy builds a strong bond with its customers by prioritising their contentment and delivering a hassle-free encounter at every interaction. This approach helps the company to gain their trust and become a dependable healthcare ally. Revenue Model The main source of income for Boots Pharmacy comes from the provision of healthcare products and related services. The organisation utilises diverse methods to guarantee long- term financial expansion and obtains income from multiple sources (Järveläinen, and Töyli, 2020). Boots Pharmacy generates most of its income from the retail of medicinal items. The list comprises of healthcare accessories, personal care items, vitamins and supplements, beauty and cosmetics, prescription medications, and over-the-counter drugs. The corporation upholds a varied assortment of products to accommodate an extensive array of consumer
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Page 7 of 13 demands and inclinations. Boots Pharmacy expands its customer reach and boosts its income by providing a wide range of healthcare items. Apart from the income generated from selling products, Boots Pharmacy earns revenue by providing supplementary services. The offerings might comprise of dispensing prescriptions, medical advice, drug administration schemes, and medical checkups. Boots Pharmacy boosts its customers' satisfaction and opens up avenues for generating more revenue by offering supplementary services (Rigopoulou and Paschou, 2020). In addition, Boots Pharmacy has the potential to form tactical alliances and associations with medical professionals, insurance companies, and other significant players in the field. The partnership can lead to a sharing of profits approach, in which Boots Pharmacy obtains a portion of the earnings produced from medical assistance provided alongside its merchandise. Another revenue stream for Boots Pharmacy is its online platform. By means of its online retail platform, the corporation enables clients to buy merchandise via the internet, thus broadening its scope beyond brick-and-mortar shops. According to Gallego, Gil, and Carrero (2020), the expansion of online sales has not only made it easier for customers to purchase products but has also played a significant role in boosting revenue. It is possible for Boots Pharmacy to consider additional sources of income, such as collaborating with advertisers and promotional companies. The company can generate extra revenue by striking advertising deals with partners, for its loyal customer base and well- established brand identity (Ray, Kumar, and Ganesh, 2020). The primary source of income for Boots Pharmacy is the retail of healthcare items, which is supported by supplementary amenities, collaborative associations, and online undertakings. By implementing a variety of strategies, a consistent flow of income can be maintained while also adjusting to evolving consumer tastes and market conditions. Market Opportunity The market presents ample prospects for expansion and development to Boots Pharmacy. The retail pharmacy sector is seeing a surge in demand within the healthcare industry. This is primarily due to factors like a growing population, ageing demographics, and a heightened emphasis on wellness (Ladhari and Michaud, 2020) The growth of the market can be utilised by Boots Pharmacy through the extension of its reach, making the most of its established image, and providing inventive healthcare options (Sarpola, and Kylänen, 2020). Furthermore, Boots Pharmacy can expand its customer base and improve their satisfaction by focusing on individualised healthcare and adapting to the trend of e-commerce. This will
Page 8 of 13 enable the company to leverage digital platforms and provide a more comprehensive shopping experience. Competitive Environment Boots Pharmacy is present in a highly cut-throat retail pharmacy sector. There is a wide range of competitors in the market, including both local and global players. These competitors come in various forms, such as pharmacy chains as well, independent pharmacies, and e- commerce platforms. Top contenders in the industry may include Walgreens, CVS Health, and online retail platforms like Amazon Pharmacy (Kotler and Keller, 2020). Standing out from the competition is crucial since they offer similar products and services. There are many factors that can affect a business's competitive advantage, including the price of goods, availability, product selection, customer service, and brand reputation. In order to sustain its standing in the market, Boots Pharmacy must consistently monitor and adapt to the constantly evolving competitive landscape. Competitive Advantage The unique selling points of Boots Pharmacy set it apart from other players in the market, giving it a distinct edge over its rivals. To begin with, the robust recognition of its brand and its standing establish a basis of confidence and dependability among its clientele. Furthermore, the vast array of brick-and-mortar establishments owned by the corporation provides easy reach to medical supplies and amenities, granting it a competitive advantage over e-commerce rivals (Johnson, Christensen, and Kagermann, 2020). Furthermore, the emphasis of Boots Pharmacy on proficiency and individualised attention, provided by well- informed personnel, amplifies the client's satisfaction. Moreover, the firm's dedication to upholding superior goods and a broad spectrum of choices bolsters its edge over rivals (Saini, and Gupta, 2020). Boots Pharmacy determines itself as a trusted and preferred choice for customers seeking comprehensive healthcare solutions through these factors. Application of Online Marketing to reach targeted market using social marketing process Mobile Marketing Boots Pharmacy can enhance its online marketing strategies by utilising mobile marketing techniques to connect with its intended audience and improve their overall satisfaction. The surge in the usage of mobile devices and smartphones has opened up a new avenue for marketers to reach out to their customers in a more personalised and convenient manner, as per Ramus and Grunert (2020).
Page 9 of 13 The target audience of Boots Pharmacy can be reached through diverse mobile marketing strategies. To begin with, the creation of a mobile application that is easy to navigate can enable clients to peruse and buy items, avail customised deals, get alerts regarding sales and markdowns, and even restock their prescriptions (Riquelme and Rios, 2020). The app may additionally incorporate features such as medication reminders and medical tips to provide additional benefits to customers. In addition, Boots Pharmacy has the ability to employ marketing strategies based on the location of its customers, allowing them to target individuals in particular regions. Utilising the location information, the corporation has the ability to transmit personalised advertisements and deals to consumers in close proximity to a Boots Pharmacy establishment, motivating them to come in and buy something. By targeting customers during the optimal time for action, this method enhances the efficiency of marketing endeavours. Local Marketing Boots Pharmacy can effectively reach out to potential customers by implementing a local marketing approach, which can help them build a solid reputation within the community and attract more business. Boots Pharmacy can successfully connect with its intended audience by customising its marketing strategies to suit the distinctive requirements and likings of the local customers (Rigopoulou, and Paschou, 2020). Engaging in local events, supporting community projects, collaborating with healthcare providers in the area, and implementing geographically-targeted advertising are some of the strategies that can be employed for local marketing. Boots Pharmacy can establish itself as a reliable and favoured healthcare provider in every local market it operates by emphasising on local marketing, cultivating customer allegiance, and building robust relationships. Recommendations Allocate resources towards enhancing the digital storefront and optimising the interface for seamless transactions, thereby amplifying the online shopping experience and fostering customer interaction. By utilising technology and customer data, it is possible to provide tailored recommendations, experiences, and offers to customers, which can result in higher levels of satisfaction and loyalty (Ramus and Grunert, 2020). Discover potential avenues for broadening your reach into fresh markets, both locally and globally, to take advantage of the increasing need for healthcare goods and amenities.
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Page 10 of 13 Allocate resources towards regional promotional campaigns to cultivate robust relationships with the neighbourhoods where Boots Pharmacy conducts business, such as endorsing nearby occasions and partnering with local medical practitioners. Maximise the potential of online platforms by utilising social media marketing, influencer partnerships, and targeted advertising to effectively reach and engage with the intended audience. Four unique features of e-commerce and its implications on the company Convenience The main benefit of online shopping is the ease it provides for consumers. By utilising a digital interface, Boots Pharmacy can offer round-the-clock availability to its merchandise and amenities, enabling patrons to make purchases at their leisure (Ramus and Grunert, 2020). The ease of use is especially advantageous for people who have hectic timetables or restricted movement. Through the adoption of electronic commerce, Boots Pharmacy has the potential to reach a larger audience and meet a more diverse set of demands, ultimately resulting in increased revenue and customer contentment. Global Reach Through e-commerce, Boots Pharmacy can expand its customer base beyond the confines of its brick-and-mortar stores, allowing for worldwide accessibility. By establishing a digital footprint, the corporation can entice patrons from various parts of the world, even those who may not be in close proximity to a physical Boots Pharmacy location (Sarpola and Kylänen, 2020). Exploring fresh markets has the potential to generate more income sources and enhance brand recognition worldwide. Lower overhead cost The implementation of e-commerce has enabled Boots Pharmacy to curtail some of its operational expenses in contrast to conventional physical stores. Through the use of e- commerce, the business can reduce or limit costs associated with the upkeep of brick-and- mortar locations, such as rent, utilities, and maintenance (Väätänen and Aramo-Immonen, 2020). In addition, online business facilitates efficient control of stock and delivery procedures, minimising the requirement for surplus inventory and related expenses. Reduced expenses can enhance the profitability of Boots Pharmacy and potentially facilitate the provision of cost-effective prices to its clients.
Page 11 of 13 Conclusion The retail pharmacy industry has a major player in Boots Pharmacy, which is known for its unwavering dedication to quality, customer satisfaction, and strong brand image. Boots Pharmacy can expand its customer base, improve customer interaction, and build better relationships with the local community by utilising various digital marketing techniques such as mobile marketing and local marketing. In addition, adopting online business provides distinct benefits, such as ease, worldwide impact, and reduced expenses, that can aid in the expansion and financial success of the organisation. In order to keep up with the ever- changing market, Boots Pharmacy must consistently adjust to meet the demands of its customers, allocate resources towards technological advancements and digital proficiencies, and prioritise individualised encounters. If Boots Pharmacy follows the suggestions outlined in this document, it can establish itself as a top-notch healthcare vendor that offers outstanding goods, amenities, and client contentment in an ever-growing technological era.
Page 12 of 13 Reference Gallego, I., Gil, I., and Carrero, I. (2020). E-commerce customer loyalty: A review and classification of the extant literature. Journal of Retailing and Consumer Services, 52, 101928. Hao, Q., and Lu, Y. (2020). The impacts of social commerce features on consumer purchase behavior: A systematic review and future research agenda. International Journal of Information Management, 53, 102093. Järveläinen, J., and Töyli, J. (2020). An integrated framework for online customer experience in retailing. Journal of Retailing and Consumer Services, 53, 101987. Johnson, M. W., Christensen, C. M., and Kagermann, H. (2020). Reinventing your business model. Harvard Business Review, 98(4), 50-59. Kotler, P., and Keller, K. L. (2020). Marketing Management (16th ed.). Pearson. Ladhari, R., and Michaud, M. (2020). E-service quality, perceived value, and customer loyalty: The moderating role of e-service type. Journal of Retailing and Consumer Services, 52, 101927. Murray, M. J., Gao, G. G., and Subramanian, U. (2020). Consumers' Online Health Information Searching Behavior: A Review and Framework. Journal of Marketing Theory and Practice, 28(2), 136-156. Ramus, K., and Grunert, K. G. (2020). Market opportunities for sustainable products: a review. Journal of Consumer Marketing, 37(6), 679-696. Ray, P. K., Kumar, V., and Ganesh, P. S. (2020). Effectiveness of social media advertising: A review and future research agenda. International Journal of Research in Marketing, 37(3), 579-609. Rigopoulou, I. D., and Paschou, E. (2020). The impact of social media advertising on customer purchase intention. International Journal of Information Management, 52, 101978. Riquelme, H. E., and Rios, R. E. (2020). Digital marketing capabilities and firm performance: a multi-industry study. Journal of Business Research, 116, 253-265. Saini, R. K., and Gupta, R. (2020). Examining the role of e-commerce and omnichannel retailing in the era of COVID-19. International Journal of Information Management, 55, 102201. Sarpola, S., and Kylänen, M. (2020). The role of e-commerce in transforming traditional grocery retailing: A literature review. Journal of Retailing and Consumer Services, 55, 102063.
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Page 13 of 13 Shah, R. R., and Patil, A. V. (2020). A systematic literature review of online impulse buying behavior. Journal of Retailing and Consumer Services, 55, 102069. Väätänen, J., and Aramo-Immonen, H. (2020). Value creation in online grocery shopping: A scoping review. Journal of Retailing and Consumer Services, 53, 101973.