Case Study Essay Example | Topics and Well Written Essays - 500 words - 19

Case Study - canvass ExampleThe changes to the completion were mainly from Amazon which entered the market for online auctions and the entry of some other smaller players who cloned eBays credit line model. These in turn made eBay look towards more innovation and building brand loyalty among its consumers as well as providing remote customer support to its users.Q2)eBay took a series of steps to ensure that it moves to the competition by going after newer products and platforms. In its quest to remain the number one online auction site, eBay pioneered a set of changes in its business line model. For instance, it adopted the paradigm of going global and acting local. What this meant was that eBay expanded into multinational markets and retained the local flavor in each of these markets by adopting practices that were commensurate with the market in which they operated. The business model that eBay implemented relied on trust, loyalty and building brands that saw its business gr ow in size.To respond to the competition, eBay also introduced a wide range of products as well as invested in computing home that was needed for its aggressive forays into newer ranges of products and services. There were changes to the trading platform as well that were introduced by eBay and which culminated in the metamorphosis of eBay into a world class online auction site.Q3)The opportunities for eBay are many and some of them include newer forms of auction formats that throw in innovative pricing models for its products and greater participation of the customers in the online auction site. The other opportunities arise from the expansion of eBay into Asia and other regions that are bound to get volumes of customers who would be a source of loyal customer base for the company. The just about significant opportunity for eBay would arise from targeting the youth and the teenagers who form a