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What is deference between Business,Trade and Commerce?
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Answer Posted / harish choudhary
Business is combination of trade,industry and commerce where
industry deals in manufacturing of products and rendering of
services.Trade is all about purchasing and selling.Commerce
is to facilitate and support trading and industry.
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HelloIT Business Transformation Scenario Overview HelloIT is an eCommerce provider operating out of t he southwest corridor that needs to develop a strategic plan for acquiring large, successful competitors in the high-growth, high-population density metropolitan areas of Nigeria. The competitors that are identified for acquisition must have a unique, creative business model that c an be integrated into a synergistically superior overall HelloIT model in phases. HelloIT also plans to open some new stores during t his business transformation. It is the development and rollout of this business model that is the focus of this assignment . The plan is backed by Venture Capital Funds and as such has some very high expectations in hig hly specified timeframes. A special emphasis on processes will emerge from th e operational model to assess the benefits of processes within each acquisition. Upon completion of the project, a continuous improvement of these processes will be ongoing. Major Strategic Activities: 1. Develop the business model, identify the short-list ed competitors (that fit the needs of the business model) amenable to acquisition, and establish the s trategic timeframe. 2. Develop a Project Statement of Work( using the atta ched template
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