Understanding social capital has been a context that has been profoundly researched. The purpose of the research has been primarily to establish how social capital can help in social economic development. Using the E-bay business model, we identify a conceptual framework that has helped create a strategic business management and process apt for day-to-day decisions involving service, product design, pricing, marketing, branding, and promotion.
E-bay business model provides a clear picture of challenges of balancing corporate growth and social capital.
Economic growth depends entirely on social capital. Social capital is well understood as the pooled network of the social proponents including family and friends who form a powerful economic block that supports economic structures through purchasing and increasing economic opportunities of economic structures in the society.
Social capital and economic development is being identified as force that has helped corporations with wider market share achieve its strategic plans. EBay strategic approach on social capital has helped the corporation achieve distinct corporate gains.
Through establishing itself as a trusted social partner, EBay has managed to make use of social capital to achieve its strategic goals, especially in selling and making profits, increasing its market share and consumer retention.
How has that been achieved? The challenge of balancing corporate growth at EBay and social capital has been diverse. However, not all social settings and affiliations contribute to economic growth. Studies show that, there are millions of social networks and groups across the world. These do not tally as key pillars of social capital.
Only few social networks, groups, and affiliations contribute to generation of social capital relevant in economic growth.
EBay rapid growth sounds more like a success story wherein, it’s strategic plans were actually too precise that, the firms profits increased so high and has been used to increase its asset portfolio. Increased sales and profits have been achieved through operational improvements and approaches increasing the social expenditure hence high profits and consistent sales. Nevertheless, does EBay feel confident that, this is in line with economic growth policy and whether gains made are felt in the society?
E-bay might be worrying about how they will balance the economic growth and create consumer retention. This is due to the challenging aspect of ‘how E-bay differs from its competitors, how it converts inputs to outputs, and consumer preference. The truly profound is that, economic growth leads to risks in market share portfolio’s due to competitors having leeways in the business structures of leading companies like in the case of EBay.
EBay’s share position, consumer preference to the company competitors, and product coverage have a wider effect on social capital in terms of how its split among the market.
Remember! This is just a sample.
You can get a custom paper by one of our expert writers.
Get your custom essay
Helping students since 2015
Essay Writing Service Features
Our Experience
No matter how complex your assignment is, we can find the right professional for your specific task. Contact Essay is an essay writing company that hires only the smartest minds to help you with your projects. Our expertise allows us to provide students with high-quality academic writing, editing & proofreading services.Free Features
Free revision policy
$10Free bibliography & reference
$8Free title page
$8Free formatting
$8How Our Essay Writing Service Works
First, you will need to complete an order form. It's not difficult but, in case there is anything you find not to be clear, you may always call us so that we can guide you through it. On the order form, you will need to include some basic information concerning your order: subject, topic, number of pages, etc. We also encourage our clients to upload any relevant information or sources that will help.
Complete the order formOnce we have all the information and instructions that we need, we select the most suitable writer for your assignment. While everything seems to be clear, the writer, who has complete knowledge of the subject, may need clarification from you. It is at that point that you would receive a call or email from us.
Writer’s assignmentAs soon as the writer has finished, it will be delivered both to the website and to your email address so that you will not miss it. If your deadline is close at hand, we will place a call to you to make sure that you receive the paper on time.
Completing the order and download