Strategic Information Technology Management Essay

Strategic Information Technology Management - Essay Example Giving a user-friendly experience to the customer with trusting environment was the main objective of the company. From the very beginning the company started earning profit. In the year 1998 eBay was declared public with $18 per share and in the very next year 1999 eBay share was traded at b$282 a share. Soon it became the most valuable retailer over internet and even surpassed the giant like Amazon.com in respect of market capitalization. The core business functionality of the company mainly depends on trust and faith which the company always look very seriously and deal each people as goods that drive the business. The honest environment and respect for everyone whether big or small business or an individual is very important for the firm to grow its reach to the customers. The sellers who are the pillars of the business are taken care of at every step. For long-term profitability, trust and loyalty are the core strategies for the market development. The idea of internet auction p latform even facilitated the process of e-commerce which helps trade people to trade on anything available in the market. The efficient and effective transaction process of eBay helped a lot to grab the market for which people without any worry can buy and sell products online just by few clicks. The growing company continued its business expansion with more and more products and services and even entered into bidding of cars and real estate in recent years (Gopalkrishnan, Gupta, n.d. p. 1). Information Communication Technology implementation In the modern world of technology information and communication plays a great role in the business process in various ways. Amongst the various technological implementations the most prominent role is played by the concept of e-commerce in the... ‘Strategic Information Technology Management’ uses for an example online retail giant eBay.com because it is one of the popular online market place which not only operates locally but also national and internationally. The core business functionality of the company mainly depends on trust and faith which the company always look very seriously and deal each people as goods that drive the business. The honest environment and respect for everyone whether big or small business or an individual is very important for the firm to grow its reach to the customers. The sellers who are the pillars of the business are taken care of at every step. For long-term profitability, trust and loyalty are the core strategies for the market development. The idea of internet auction platform even facilitated the process of e-commerce which helps trade people to trade on anything available in the market. The efficient and effective transaction process of eBay helped a lot to grab the market for which people without any worry can buy and sell products online just by few clicks. The growing company continued its business expansion with more and more products and services and even entered into bidding of cars and real estate in recent years. The eBay.com with its diversified items and technological advancement gives a great prospect for the company for the growth in e-commerce industry. E-commerce offers a great growth rate for any company than any other traditional way of businesses. EBay took this opportunity to grow by using its enhanced e-commerce based business and its electronic data interchange technique for secured transaction for the customers.