Objectives:
-
Explain how the World
Wide Web has impacted the way organizations conduct business .
-
Identify four e-business
models.
-
Define promotional
mix concepts as they apply to the Internet.
Essential Readings:
Only two years ago, there was buzz of all
of the industries that would soon fall like a house of cards with the proliferation
of the Internet. While the Internet has certainly had an impact,
travel agencies still exist, full service stock brokers still flourish,
and eToys didn't close down Wal-Mart (trust me, I had stock in this one!).
What we have discovered is that while the Internet is an extremely
valuable marketing tool, and it is revolutionizing the way many
industries do business, it is not the end all panacea in sales that
many believed it would be. The bottom line is this: How
does a Web presence fit into the organization's overall business plan,
and how does this presence enhance the organization's overall value? These
are the questions that must be answered.
An entire semester could be spent on the
topic "Goods and Services on the Web," yet we need to explore it in one
lesson. For an overview of some of the ways a Web presence can be
integrated into an organization's business plan, please read the following:
http://www.lions.odu.edu/org/deca/ots596/lessn3reading.html
Answer the following questions:
1. Based on the reading, list two industries
that have been affected by the World Wide Web, and explain how the Web
has changed how they operate.
2. According to the author, is personalization
on the Web a good thing or a bad thing? Explain.
PURPOSES FOR BEING ONLINE
This topic will be explored more in depth
in the second half of this course. Meanwhile it is important to understand
the current business models being utilized by organizations today.
Read pp. 194-207 in E-Marketing, then answer the following questions:
3. List and briefly describe the various
e-business models
4. Which of these models do the following
organizations fall into?
privaseek.com
live365
shoeguy.com
venusswimwear.com
pricescan.com
columbiahouse.com
5. Do virtual malls work? Why or why not?
6. What is e-tailing? What is a bit
vendor?
7. Explain the concept behind an infomediary.
THE INTERNET AND THE PROMOTIONAL MIX
Organizations can utilize the Internet
to market their goods and services, as touched on above. In addition,
it can also be used as a promotional tool. Read pp. 220-256 in E-Marketing,
then answer the following questions:
8. Define and briefly explain the following
concepts:
Banner ads -
Interstitials -
Community building -
Permission marketing1-
9. Briefly define the following types of audience
measurement:
Visitors
Stickiness
Impressions
E-mail your completed assignment to mkoslosk@odu.edu
1Seth
Godin's Permission Marketing is a highly touted book written
entirely on this concept. Although written in 1999, the concepts
are still as valuable today as the day they were written. It is a
must read for anyone who wants to learn more about marketing on the Internet. |