Wine Marketing Essay Example | Topics and Well Written Essays - 3000 words

Wine Marketing - Essay Example Starting up a new business is taking a risk; nonetheless if the resolution is well thought there are abundant benefits that come up with endowing in business. This paper analyses the benefits, risks, challenges, requirements and any thing else that Dynasty Wine Company in China has to go through as it undertakes a new business start–up involving the sale of its products over the Internet. Before Dynasty is set to start the new venture there are long and short terms constraints that it should consider to ensure there will be continuity in the business. The future is impulsive and so even the negligible details about something should be interpolated before commencement is done. In the modern world, expertise has been allowed in organizations. It assists in mounting competence and thus buyer satisfaction. The competitiveness of a venture is vested on the quality of its management decisions (Moschis 1994). Quite a number of schemes that target at meeting a certain goal in the busi ness arena have been developed. The move has made it obligatory for a business to integrate it in their plans so as to make certain they benefit totally from the benefits derived from it. In the (wine) industry, the employment of online dealing has become uniformly important. Many companies have diversified their business operation into many countries through the internet. Online business is the use of the internet to produce and implement business transactions. The internet makes available many opportunities that allow businesses to generate markets and supply to their customers in astonishing ways. It is an innovative area in international trade that entails trading of goods and services internationally through electronic means. It is the exploitation of telecommunication networks to manufacture, publicize or put up for sale goods and services. With the development in know-how, electronic business has been rising