ASSIGNMENT BARRIERS AND DRIVERS OF CONSUMER ONLINE ADOPTION Rana Arslan Amir | 13027 | E-Business MBA 7th (Evening) BARRIERS OF CONSUMER ADOPTION Barrier? Marketing approach 1. Lack of Resources Get new resources: If you have budget you need to get new resources. the lack of resources may cause an increasing drag on business performance. 2. Poor Reliability If you ask operations how reliability can be improved, the top answer is almost always for maintenance people to work instead of sitting idle. 3. Security & Protection concern Businesses should learn how to defend and protect themselves from these increasing cybercrimes, especially those that happen due to the lack of information on the basics of web security. 4. Start-up Cost How much money will it take to start your small business? Calculate the start-up costs for your small business so you can request funding, attract investors, and estimate when you’ll turn a profit. 5. Lack of Customer Interaction Good customer service keeps customers coming back. Bad customer service keeps customers away. It is important that a business have effective and pro-active customer service personnel and a good policy. Keeping customers happy, and getting them to tell others about the great service they received. 6. No perceived benefit Consumers don’t purchase products primarily for their functions. In fact, function is simply a means to deliver what a customer really wants: benefit. A customer buys a product for the perceived benefit he will gain from it. This perceived benefit, in addition to his opinion of the product, are what create customer perceived value. PAGE 1 DRIVERS OF CONSUMER ADOPTION Driver? Marketing approach 1. Improve Quality/Accuracy We should improve the product/ service Quality and the term “accuracy” refers to a collection of quality measurements that reflect how well your order fulfillment process has met a customer's need. 2. Range of product and services. The idea of the service product range concerns the set or mix of all service products offered by an organization. The particular range of services offered will be developed in response to internal needs or to external influences. 3. Cost Reduction to reduce their costs and increase their profits. Depending on a company's services or product, the strategies can vary. Every decision in the product development process affects cost. Companies typically launch a new product without focusing too much on cost. 4. Choice to offer consumers more choice, and businesses keep expanding product and service. 5. Content what do people want to know about our products and services? When you are stuck trying to develop content, a good starting place is to ask what it is exactly that your audience wants to know. After all, your products and services should act as a solution to their needs. 6.Customization delivering customized goods services to the customers as per their needs. PAGE 2