With competition on the rise, the retail book industry has gone through numerous changes over the years, creating few opportunities and more threats. New developments in technology in the past decade and more businesses expanding their product offering have created intense rivalry between on-line based organizations and storefront organizations. “Intense rivalry among established companies constitutes a strong threat to profitability.” (Hill & Jones, 2010). Organizations such as Amazon.com and Barnes & Noble not only compete with each other, but also must fight to gain market share over retail stores such as Wal-Mart and Sam’s Club.…
Barnes & Noble is a key player in the Book Retail Industry. This mature industry has been experiencing slow growth over the last several years, much slower than overall retail sales. Barriers to entry into this industry are quite high, and suppliers have modest influence over booksellers. The introduction of the Internet has brought about many changes to this industry. It has increased rivalry, buyer power, and substitutes. Spending time "surfing the net" is one of many substitutes to reading books nowadays. Other technological advances, such as VCR 's and video games, have replaced time otherwise spent reading. Buyers have greater influence over the industry, because they have more buying options and faster price comparison ability.…
As with newspapers, online book sellers and e-books don’t have all the overhead costs of traditional book stores and publishers nor all the processes to get products to customers.…
Butler, P & Peppard, J. ‘Consumer Purchasing on the Internet: Processes and Prospects. European Management Journal. Vol. 16, No. 5, pp 600-610. (1998)…
The book retailing industry is going through a very difficult time in these days. According to some researches, what happened in the music retailing industry is happening to the book industry with a 3-5 years of delay: customers are more and more buying physical or e-books online, rather than going down to stores. Due to this change in the reading and buying habits, physical stores chains, like Dymocks, is losing customers and significant profit. Although Dymocks was the biggest bookseller company in Australia during the last decade, it is now struggling to keep its stores and the chain profitable.…
“Given what we understand about drugs, is current policy and practice in the United Kingdom, an appropriate response to the presence of illicit drugs within our society?”…
Although at first difficult to understand, the chapter captures an embraces all the emotions of the characters, positively making it more engaging and enjoyable to read. It is an unbiased and clear reflection of drug culture of Edinburgh in the 1980s with a precise implication of how society, class, politics and most importantly drugs affected the lives of people in that time era.…
Q1. Based on your own experience of traditional bookselling and your exploration of online bookselling, compare willingness-to-pay for books supplied by these two business models.…
Transacting goods and services via the Internet, better known as E-tailing is as popular as traditional shopping, and steadily becoming more popular globally; countless options are available to consumers via this method of shopping. Specifically, this method of shopping is increasing in popularity in part to attractive benefits, such as availability, pricing, time savings, and personal exertion. Theses benefits are causing the E-commerce market to become extremely competitive, resulting in retailers giving constant attention to marketing; acquiring new customers and retaining fixtured customers. Analysis of consumer behavior is vital to the existence of electronic retailers because they need to understand the consumers thought processes prior to a customer making a purchase, so the E-retailer can assist them with any needs in regard to purchasing, retuning, and exchanging or inquiring about goods and services.…
In the UK alcohol is a legal drug and is consumed on daily basis and is an important part of the culture but at the same time illicit drugs are considered socially unacceptable and are given grouping as per their potential for damage (Davies 2012). Even though health, criminal justice and social policy are all applicable to both alcohol and drugs it is this varying level of acceptance of alcohol and other drugs that proved difficult for policy makers to devise a single policy encompassing alcohol and other drugs (Davies :2012). The Misuse of Drugs Act 1971 which categorise various substances considers alcohol and tobacco to be legal while other drugs like cocaine, heroin and cannabis etc… are considered unlawful. Both tobacco and alcohol are thought to be the reason for death in larger number of cases than the unlawful drugs, yet both substances are considered to be legal and not subject to criminal conviction (McKeganey: 2014). In the UK policy makers and the society can be seen more inclined to the zero tolerance approach towards illicit drugs as opposed to the harm reduction approach. In 1980s following research findings of high rates of HIV amongst injecting drug users harm reduction approach was placed on the agenda for the drug users who were unable to abstain resulting in practices like needle exchange, advice on safer injecting practice, safe injecting centers, methadone and heroin prescribing brought in to reduce the harm (McKeganey:2014). Davies (2012) provides an overview of the drug strategy in the UK and identifies that ‘Tackling Drug Misuse’ was the first drug strategy introduced in 1985 by the Margaret Thatcher’s government and the priorities plainly laid out a move towards social control and criminal justice reaction to the illicit drug use,…
This paper will examine the history of both companies, Amazon.Com and Borders Books. In addition, I will highlight some of the critical decisions that each company made that have led to the wild success of Amazon.Com and to the eventual liquidation and closure of Borders Books. I will examine how the internet, changing demographics of readers in general and the introduction of the e-reader and e-books have forever changed the face of the bookselling industry. I will answer the question, “How did the newer, more nimble company (Amazon.Com) prosper while the more established and older company (Borders Books) fail.”…
‘The social life of smokers: Processes of exchange in a heroin marketplace,’ (Dwyer, R. 2011) is a controversial study about the development of heroin users and dealers, exposing their everyday lives, practices, and struggles. Dwyer argues that illegal drug marketplaces are formulated through 'complex and dynamic social processes and relations.' However, he accentuates the prevailing notions of drugs and markets that we perceive as 'driven by the mechanism of supply and demand, ignoring the fundamental social relations and tend to reify the 'market' as an object to be measured rather than a process to be understood.' (Dwyer, R. 2011, p.19). This text will essentially examine the issues related with the process of exchange in a heroin marketplace, the significance of trade in heroin, the perspective of illicit drugs as having multidimensional social implications, with their practice fundamentally implanted in broader social contexts, and the complex social processes and relations that encompass the production and consumption of heroin. An analysis of various sources will presume that the process of exchange of cigarettes with research participants reflects the…
where retailers can extend their marketing campaigns to a wider range of consumers. Chi (2011,…
While conducting a situational analysis, it was clear that Scorpio Books is a very small and not very noticeable business. They have very large competitors, and the advertising they use does not leave a lasting impression on consumers. If they advertised to a wider audience then the amount of customers who would be willing to try a different bookstore would increase. It helps that they have a site for online shopping. This would also mean that they would become a larger competitor on the bookstore market. However because the virtual world is taking over the physical, in the future, bookstores everywhere may come across the harsh reality of not being able to sell physical copies of books. These days, the demand for books is still high but, the ever increasing demand of virtual books is growing rapidly. It is recommended that bookstores find a way to still profit from consumers purchasing books through their company name. However, if bookstores go completely virtual, there will be a huge increase in demand for IS or IT users, and many people will need a higher education to just ‘man a bookstore’ or library.…
Bookstore Industry consumers are sequential searchers; they visit stores to learn their prices and then compare after every visit the cost and benefit of continuing search, according to Hubert (2012) in his research “Bookstore Industry”. Power buyers (discussed in the Bargaining Power of Buyers section), although avid in buying books, summing up to purchasing at least 1 book per week, still considers in the price of the book they plan to purchase. It…