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Selling the stores gave virgin more flexiblity and limited the risks
Entertainment retailer
◦ Customer relations
◦ They only pay for the products that they have sold. (Consignment)
Competitive advantage
◦ Shopping experience
◦ Up to date products
Online shop
Competitors= Many
Easy entrance
Substitutes:
Business Strategy:
• Flexibility and to adapt to changing market needs.
• Cost minimization.
IT Strategy:
• An interactive website that provides company overview.
• Employed IT specialists.
• Basic extranet.
Customers:
• Many consultancies=Power to the customer.
Suppliers:
• The real suppliers are the employed engineers themselves.
Substitutes:
• Many substitutes which provide same core service.
• No alternatives
This presentation provided us with our first
serious chance at coming into contact with
the business world first hand.
We realized that IT/IS are being considered in
all fields of work.
We were able to utilize second life to conduct
this presentation, which made the process of
completing it much more interesting, and
hopefully as you may have witnessed, much
more compelling.