From a "boom" to a "bam": Ebay's Decline in the Market

"...A great boss can change your life, inspiring you to new heights both professionally and personally, energizing you and your team to together overcome new challenges bigger than any one of you could tackle alone." Managers must do proper management where they are coordinating and overseeing the work activities of others so that their activities are completed efficiently and effectively. Thus, they must plan, organize, lead and control the company to achieve the organization's stated purposes. In today's world, managers are dealing with global economic and political uncertainties, changing workplace, ethical issues, security threats, and changing technology, just like what eBay has done and change their strategies and directions. Customers are important in changes of a company's tactics because every change has an impact. Changing technology (Digitization) tends to shift organizational boundaries, virtual workplaces, more mobile workforce, flexible work arrangements, empowered employees and work life-personal balance. Increase Emphasis on Organizational and Managerial Ethics impacts are redefined values, rebuilding trust and increased accountability. Another is Increased Competitiveness, customer’s service, innovation, globalization; efficiency/productivity is the impact and lastly is Changing Security Threats includes risk management, uncertainty over future energy sources/prices, restructured workplace, discrimination concerns, globalization concerns, employee assistance and uncertainty over economic climate. Finally, managers must be concerned with sustainability as business goals are developed.

eBay is the world’s online marketplace, a place for buyer and sellers to come together and trade almost anything. I realized how important online marketing is for the business success nowadays. Most consumers use social media in purchasing products, which can also help communicate, build relations and help you personalize offer to customers. It has become the fastest growing segment in the economy. In order for a business to be successful one should have a good leader with good tactics and strategies. But a “good” leader is not enough, a leader should be flexible and must have good planning, proper management and leadership skills. More importantly a leader must prioritize the customers first. Branding is also a must, for it can differentiate you from your competition and helps the customers remember you. Competition for the buyer is fierce on EBay no matter what you’re selling. No matter what challenges your business may face, don’t quit and be patient.

eBay is a great way for small sellers to sell their products because eBay is worldwide and allows the small seller to reach out to those people, where if they posted their product in the local newspaper they would not have the worldwide marketing that eBay offers. It also offers the affordability to advertise and sell your product online and to be able to accept payment online which then gets deposited into a selected account.