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Building Successful e-Business / Wedding Products - Assignment Example

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Wedding is one of the most important events in the life of a person and as such each individual fully attempt to make the wedding moment a most memorable moment of the life. It is because of this reason that the wedding is planned and substantial time and resources are invested…
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Building Successful e-Business / Wedding Products
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Download file to see previous pages of overall shopping made for the wedding and as such providing online facility to purchase the wedding products can serve as one of the most attractive business prospects for any new start-up business.
Considering this as an opportunity, we are planning to start an on-line business offering wedding products. This facility will offer wedding products to online customers with special emphasis on the success of such business model in Saudi Arabia. The business model that we are proposing will be offering a customized and personal service to the clients based in Saudi Arabia and would further offer a state of art online facilities to customers facilitating them in deciding about purchasing different items.
This report will present a comprehensive analysis of different factors especially the nature of business model, the organizational structure needed to implement such business model as well as the resources required to be considered while starting any such online services
A business model is often described as set of planned activities that are undertaken in order to earn profit. The different functions performed by a business model includes driving value proposition for all the stakeholders, identification of a relevant market segment, defining the firm’s value chain as well as specifying revenue and cost generation mechanism of the firm and finally defining the overall competitive advantage of the firm.(Chesbrough,2003).
The proposed business model will be based on the idea of providing online facility to customers in Saudi Arabia to purchase their wedding products through internet. These products will include but not limited to wedding dresses for both bride and groom, veils, shoes and other cultural items consumed during the wedding in Saudi Arabia. Our business model will be based on the simple assumption that the customers must have the ability and access to quality wedding products.
Value proposition of a firm defines intangible benefits that the ...Download file to see next pagesRead More
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