Title :
An innovative framework of strategy making: A case-study of JuMei incorporation
Author :
Yi-di Wang ; Han-ye Wei ; Bing-jie Liao ; Wen-fu Zheng
Author_Institution :
Sch. of Econ. & Manage., Beijing Univ. of Posts & Telecommun., Beijing, China
Abstract :
A business model represents how the various strategies that a firm pursues fit together into a congruent whole. This paper introduces an innovative 6R framework, based on Michael E. Porter´s six principles of strategic positioning, to assess current strategies adopted by four typical e-commerce companies in their own business models. To further explain how the 6R framework worked in the strategy-making process, we give a longitudinal study on the JuMei´s choices and consequences of the vertical B2C business model, through which its goal of becoming the largest cosmetics sales site is fully reflected, it´s profit model is clearly clarified, and it´s unique business strategy is simultaneously congruent and powerful. We therefore assume that this framework can be widely applicable as a way to strategize for different companies in e-commerce fields.
Keywords :
corporate modelling; cosmetics; electronic commerce; profitability; strategic planning; JuMei incorporation; Porter 6R framework; business strategy making; cosmetics sales; e-commerce companies; innovative framework; profit model; strategic positioning; vertical B2C business model; Analytical models; Companies; Industries; Internet; Logistics; Warehousing; B2C; Business Model; JuMei; Strategy-Making;
Conference_Titel :
Information Management, Innovation Management and Industrial Engineering (ICIII), 2013 6th International Conference on
Conference_Location :
Xi´an
Print_ISBN :
978-1-4799-3985-5
DOI :
10.1109/ICIII.2013.6703599