Problems And Solutions Of Business Operations Without Modern

Problems and Solutions of Business Operations Without Modern Methods—A Case Study of Etsy

Hi I Have Got An Assignment Gig Budget 10 2 Page Essay Delivery hi i have got an assignment gig, budget : $10 . 2 page essay delivery time :in 17hrs One of Canada’s largest companies, Canadian Tire, sells a wide range of goods and services. The retail outlets are independently owned and operated. The company was using daily mailings and thick product catalogs to inform its dealers about new products, merchandise setups, best practices, product ordering, and problem resolution. It is looking for a better way to provide employees with human resources and administrative documents. The headquarters can use a daily or weekly email newsletter to disseminate a “heads up” to its retail outlet dealers that encourages them to review the Web site for new products and services, best practices, and problem resolution. A section of the Web site can be established for social interaction between dealers and retail outlets and the headquarters staff to share information and best practices. The knowledge management information system can capture input on the social network and incorporate it into other information in the knowledge management system. A company such as Etsy, which is an online marketplace for handmade items and art and craft supplies, strives to build a community among buyers and sellers. In a 2 page essay, describe the problems created by doing business without a focus on modern methods and how knowledge management systems might help. Provide options for solutions. Select a business such as Etsy and analyze its operation. Include responses to the following questions in your essay. What is the business model and revenue model? How does the company's website, headquarters, and/or storefronts reflect the culture and values of the company? How important is “community” to the business? Describe all the community-building features found on the business' website.

Paper For Above instruction

The evolution of business practices in the digital age underscores the importance of adopting modern methods such as knowledge management systems (KMS) to enhance operational efficiency, foster community engagement, and maintain competitive advantage. Traditional business operations reliant on manual communications—such as mailings, catalogs, and face-to-face interactions—are increasingly inadequate in meeting the demands of rapid information dissemination, customer engagement, and collaborative knowledge sharing. This essay examines the problems associated with outdated business practices and explores how KMS can offer practical solutions, focusing on Etsy as a representative online marketplace that exemplifies modern, community-centered commerce.

Historically, businesses like Canadian Tire faced significant challenges when operating without modern communication and knowledge-sharing platforms. Dependence on postal mailings and print catalogs was not only costly but also slow, limiting real-time updates on product information, policies, or operational issues. Such methods hindered responsiveness, increased information silos, and reduced the ability to rapidly adapt to market changes or customer needs. Without digital tools, employees and partners lacked immediate access to critical knowledge, resulting in inefficiencies, redundancy, and missed opportunities for innovation. Furthermore, from a customer perspective, lack of real-time support or engagement channels diminished loyalty and satisfaction.

The integration of knowledge management systems transforms business operations by centralizing knowledge repositories, enabling instant access to up-to-date information, and facilitating collaboration among stakeholders. For Canadian Tire, implementing an intranet or an integrated web portal where updates, best practices, and problem resolution can be shared dynamically would eliminate information delays. Consumer-facing solutions, such as email newsletters and social interaction platforms, can foster a community of dealers and customers, encouraging dialogue, feedback, and shared solutions. Knowledge capture mechanisms, including social networking inputs, forums, and feedback forms, allow organizations to gather valuable insights and incorporate them into continuous improvement processes. Such systems promote organizational learning, reduce redundancies, and enhance agility.

Focusing on Etsy as an illustrative example highlights the impact of modern business models centered on community and user engagement. Etsy’s core business model is a peer-to-peer online marketplace for handmade, vintage, and craft supplies, operating primarily on a marketplace revenue model. Etsy earns revenue through listing fees paid by sellers and commissions on sales. The platform’s revenue stream is directly tied to a scalable and user-driven commerce environment, fostering a unique community of artisans, buyers, and craft enthusiasts.

Etsy’s website vividly reflects its culture and values—creativity, authenticity, and community. The platform emphasizes individual craftsmanship, supporting small-scale artisans and fostering sustainable livelihoods. Its branding, imagery, and storytelling reinforce these values, positioning Etsy as a community of passionate creators. The company's headquarters, embodying a collaborative and innovative culture, promotes transparency and inclusivity.

Community is fundamental to Etsy’s success. The platform offers numerous features that reinforce community-building. These include forums, where artisans exchange ideas and seek advice; curated shops and personalized recommendations, supporting seller visibility; and review systems that foster trust. Etsy also integrates social media sharing, enabling artisans and buyers to showcase their work broadly, strengthening connections beyond the platform. The Etsy community's vibrant interaction and shared values underpin its brand loyalty and business growth.

In conclusion, businesses that rely solely on traditional methods face operational inefficiencies, limitations in agility, and diminished customer engagement. The adoption of knowledge management systems addresses these issues by enabling real-time communication, collaboration, and knowledge sharing. Etsy exemplifies how a community-focused business model, supported by modern digital tools, can sustain growth, foster loyalty, and create a meaningful connection with its users. Transitioning from outdated practices to modern systems is vital for organizations aiming to thrive in the competitive, fast-paced digital marketplace.

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