The traditional retail model has focused on finding high-margin, high-volume products or services because limited space means reduced space inventory.Â For example, organizations such as Walmart select the biggest hits from the broadest genres, called the â€œshort head.â€ The short head means Walmart will only carry a select mix of country, pop, and rock that is calculated to provide the greatest cost/benefit.Â The business model of Amazon is different.Â Amazon provides the short head but also provides the â€œlong tailâ€ of more than 100,000 different audio selections.Â The competition for customers between the Walmart and Amazon marketplace is profoundly changing the face of retail business today. Using your company or a real-world example from your research, respond to the following:
- Describe how technology is changing the face of businesses today.
- Describe the most critical business processes that utilize information systems in your selected company.
- Explain how IT makes the companyâ€™s business processes faster, cheaper, more accurate, and customer-savvy than that of competitors.
- Cite at least three sources found in your online library research.
Give reasons and examples from your research to support your responses. Write 3 pages paper in Word format.Â Be sure to use and cite the module readings.Â Apply APA standards to citation of sources.