IDEAS home Printed from https://ideas.repec.org/p/sek/iacpro/2803962.html
   My bibliography  Save this paper

Creating Strategic Focus in Modern Business: E-Company Entering the Market

Author

Listed:
  • Anna Dokukina

    (Plekhanov Russian University of Economics)

Abstract

Cognitive business philosophy related to the information analysis, marketing research, consumer needs assessment, etc. becomes the key tendency of the organizations? successful development. Among other industries e-commerce business considers digital marketing strategies as must-have for day-to-day activity as well as for the sustainable innovation growth.This paper describes main results of consulting project which includes a research connected with the company?s strategic focus development on the basis of digital marketing. The key idea is to prove the necessity of digital marketing development as an integral part of the organization?s general strategic planning. A hypothesis was formulated as follows: if a company considers the digital marketing strategically it creates an effective system to manage both internal and external factors of business environment.The practical goal of the project was to create the digital marketing strategy for e-commerce in order to develop its general strategic focus.As an object of research the e-company YYRRAA Ltd. is described. This is a new production-friendly small-scale organization which deals with different tools and solutions to simplify the wholesale trading and enable B2B-sector entrepreneurs to expand commercial opportunities.The main result of this project consists in the development of digital marketing strategy on the basis of SOSTAC model and the presentation of action plans for each step to ensure that the tactics is executed to the highest possible standards.The logics behind this project can be described in the following way. First, models, levels and approaches to strategic planning were clarified. It was necessary to examine factors of business environment which are the most influential to shape modern strategies of market players in e-business spheres. Second, the steps of strategic marketing plan were considered along with the frameworks of digital strategic planning and its tools. Third, the company?s current business strategy was analyzed in order to provide recommendations concerning the improvement of overall planning system on the basis of digital marketing strategy.As a conceptual and information background the publications of such authors as J.M. Bryson, F Martinelli, L.T. Hosmer and others as well as internal and external OORRAA.COM resources (that do not include NDA materials) have been used.The aim of this paper is to discuss the most essential bottom line of the consulting project. So, the material is focused on specifics of e-business strategic plan, digital marketing planning model including marketing tools and techniques for e-marketplaces, and main points of marketing strategy development for OORRAA.COM company.

Suggested Citation

  • Anna Dokukina, 2015. "Creating Strategic Focus in Modern Business: E-Company Entering the Market," Proceedings of International Academic Conferences 2803962, International Institute of Social and Economic Sciences.
  • Handle: RePEc:sek:iacpro:2803962
    as

    Download full text from publisher

    File URL: https://iises.net/proceedings/19th-international-academic-conference-florence/table-of-content/detail?cid=28&iid=038&rid=3962
    File Function: First version, 2015
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Business environment; economic development; e-business; strategic focus; management decisions;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sek:iacpro:2803962. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klara Cermakova (email available below). General contact details of provider: https://iises.net/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.