Understanding inter-relationship between traditional and new forms of selling

Our research seeks to understand the interactions between online and physical presence. It allows us to find out how entrepreneurs can best make use of both the online and physical platforms to exploit their synergies and gain a competitive advantage over the other companies. To accomplish this, we...

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Main Authors: Ang, Geok Poh, Koo, Brenda Shi Ting, Loh, Carryl Ju Hui
Other Authors: Ian McGovern
Format: Final Year Project
Language:English
Published: 2013
Subjects:
Online Access:http://hdl.handle.net/10356/51504
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-515042023-05-19T06:08:58Z Understanding inter-relationship between traditional and new forms of selling Ang, Geok Poh Koo, Brenda Shi Ting Loh, Carryl Ju Hui Ian McGovern Nanyang Business School DRNTU::Business Our research seeks to understand the interactions between online and physical presence. It allows us to find out how entrepreneurs can best make use of both the online and physical platforms to exploit their synergies and gain a competitive advantage over the other companies. To accomplish this, we carried out secondary research to find out more about the two platforms. A total of 105 companies from Apparel, Confectionery and Electronics industries were selected. Next, we came up with a framework incorporating both platforms and created a composite scoresheet to calculate the online and physical presence of the companies. Surveys were given to experts to validate the weightings used in our scoresheet. Each company’s online and physical presence was then plotted. This allowed us to discover the success factors of existing companies. We also made use of focus group discussions to understand customers’ needs and gather suggestions for the optimal marketing mix. Findings from our secondary and primary research were combined to provide a set of recommendations revolving around the marketing mix. Lastly, an application of our framework for a potential Confectionery company was also presented. This research allows entrepreneurs to figure out the degree of online and physical presence they should adopt, and how to go about doing so. The main finding is the importance of having an online presence in today’s society. An online presence can be used to substitute the physical presence in some instances. This pattern is observed mainly in the Apparel industry. Other times, it should at least be used to complement the physical presence. This pattern is observed mainly in the Confectionery and Electronics industry. All in all, it is vital for companies to have an online presence in today’s world due to demand from consumers and other benefits it confers. BUSINESS 2013-04-04T03:17:59Z 2013-04-04T03:17:59Z 2013 2013 Final Year Project (FYP) http://hdl.handle.net/10356/51504 en Nanyang Technological University 235 p. application/pdf
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic DRNTU::Business
spellingShingle DRNTU::Business
Ang, Geok Poh
Koo, Brenda Shi Ting
Loh, Carryl Ju Hui
Understanding inter-relationship between traditional and new forms of selling
description Our research seeks to understand the interactions between online and physical presence. It allows us to find out how entrepreneurs can best make use of both the online and physical platforms to exploit their synergies and gain a competitive advantage over the other companies. To accomplish this, we carried out secondary research to find out more about the two platforms. A total of 105 companies from Apparel, Confectionery and Electronics industries were selected. Next, we came up with a framework incorporating both platforms and created a composite scoresheet to calculate the online and physical presence of the companies. Surveys were given to experts to validate the weightings used in our scoresheet. Each company’s online and physical presence was then plotted. This allowed us to discover the success factors of existing companies. We also made use of focus group discussions to understand customers’ needs and gather suggestions for the optimal marketing mix. Findings from our secondary and primary research were combined to provide a set of recommendations revolving around the marketing mix. Lastly, an application of our framework for a potential Confectionery company was also presented. This research allows entrepreneurs to figure out the degree of online and physical presence they should adopt, and how to go about doing so. The main finding is the importance of having an online presence in today’s society. An online presence can be used to substitute the physical presence in some instances. This pattern is observed mainly in the Apparel industry. Other times, it should at least be used to complement the physical presence. This pattern is observed mainly in the Confectionery and Electronics industry. All in all, it is vital for companies to have an online presence in today’s world due to demand from consumers and other benefits it confers.
author2 Ian McGovern
author_facet Ian McGovern
Ang, Geok Poh
Koo, Brenda Shi Ting
Loh, Carryl Ju Hui
format Final Year Project
author Ang, Geok Poh
Koo, Brenda Shi Ting
Loh, Carryl Ju Hui
author_sort Ang, Geok Poh
title Understanding inter-relationship between traditional and new forms of selling
title_short Understanding inter-relationship between traditional and new forms of selling
title_full Understanding inter-relationship between traditional and new forms of selling
title_fullStr Understanding inter-relationship between traditional and new forms of selling
title_full_unstemmed Understanding inter-relationship between traditional and new forms of selling
title_sort understanding inter-relationship between traditional and new forms of selling
publishDate 2013
url http://hdl.handle.net/10356/51504
_version_ 1770563642680410112