“`ebay is a huge company (buying things online) corporation located and managed in San Jose, California that helps consumer-to-person (who uses a product or service) and business-to-person (who uses a product or service) sales through its website. eBay was founded by Pierre Omidyar in 1995, and became an important/famous success story of the dot-com bubble. Today, eBay is a multi-billion-dollar business with operations in about 30 countries. The company manages eBay.com, an online sale (to the highest payer) and shopping website in which people and businesses buy and sell a wide variety of products (that are bought and sold) and services worldwide. The website is offree listings, and again when those items are sold.Therefore, eBay’s core something that a person is good at) is simply matching buyer and seller together through an online raised, flat supporting surface.
At first, eBay’s success planof reaching goals was to match up buyers and sellers collecting a small fee from each transaction, but the business grew quickly. One reason for the fast growth was the fact that eBay was providing an outlet for items that were not very marketable by ordinary store fronts. Also, the internet connect people from all over, making marketing almost free. By 1999, eBay’s net money/money income grew to $225 million and continued to grow to 3.2 billion dollars by 2004. Up to this point most of the registered users of eBay lived in the United States but the site was accessed by people all around the globe. The presented eBay with the opportunity to expand around the world as a means to increase their value chain.In order to obey their company vision of creating the world’s largest worldwide trading community and to help people trade, eBay had to expand into the worldwide market by understanding and supporting a (without having one central area of command) value chain.
This meant attracting new registered users from foreign countries by creating mostly independent country smaller companies (owned by larger companies). For example, eBay began buying (and owning) companies in foreign countries that were almost the same sale (to the highest payer) places/locations. This allowed eBay not only to gain those customers from the gotten over time/purchased company but benefit from the cultural acceptance of that particular company.
Many of these foreign businesses operated in their native language making it easier for locals to conduct business with eBay. In time, eBay would change the names of these companies but not lose the customers because they changed the bought/owned/received company to the core (something that a person is good at) and company vision. This (success planof reaching goals) opened new markets for eBay around the globe.Ebay began competing with other businesses offering part of the regular majority of people products for sale on their auction (raised, flat supporting surface). Whereas a sale (to the highest payer) (usually/ in a common and regular way) posted an item for sale for a certain amount of time and the highest person (who offers to pay for something) won, mainstream products would be placed on sale (to the highest payer) with a reserve and a “buy now” price applied for those not wanting to wait out the time of the sale (to the highest payer). The (loss of wealth, power, reputation/something that ruins something) to this is that if the reserve bid was not met, the item did not sell. Although this (success plan(s)/way(s) of reaching goals) is still active, more importance and focus is now placed on eBay’s original (success plan(s)/way(s) of reaching goals). Because individual sellers were overrun by fixed-price stores they lost interest in the site and buyers began looking in other places to search for the less part of the regular majority of people products upon which eBay built its business.
In an article titled eBay’s New (success plan(s)/way(s) of reaching goals): What Was Once Old is New Again, author Matt Pace created eBay’s new way of trying things as, “It’s out with the new and in with the old both in terms of (related to big business) (success plan(s)/way(s) of reaching goals) and product mix”. After failing to compete as a fixed-priced on line store with Amazon.com and Walmart, eBay decided to go back (to an earlier state) to its original (reason for doing or saying something) of an auction (central place for information or business) for used products (that are bought and sold) and collectables.Now that eBay is back to its core (something that a person is good at), what is the way ahead? (makes money/gets something good) and growth were beginning to fall based mostly on the fact that eBay had not successfully moved into some foreign markets.
Because eBay’s (raised, flat supporting surface) depends on internet usage, many newly-visible (processes of people making, selling, and buying things) were handicapped in the fact that most families do not have internet connections. When faced with this problem, eBay saw an opportunity to grow by moving into the (related to sending and receiving phone calls, texts, etc.) market.
Ebay (bought something for money) the company Skype as a means to penetrate markets where computer access was limited but communications was not. According to Skype President Josh Silverman, “communications is no longer just about voice; it’s now multi-modal: mood messages, chat, voice calling, multi-party calling, video calling and online screen sharing. Where and how we communicate is expanding to laptops, mobile phones, and flat panel TV’s.” “Any connected figuring out/calculating device with the addition of software becomes a communication device”. Skype continues to add over 350,000 new account registrations per day all around the globe,According to executives, the cooperation/working very well together of standalone businesses, eBay, PayPal and Skype have the ability to chase after new market opportunities and take by force/take control of future growth. Working together, these three businesses can create completely new opportunities for invention of new things and (act of something getting bigger, wider, etc.), and repeat and increase the strength of the company’s leadership position.“`