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7-Eleven Japan Venturing into e-Tailing Presented by: Angela Copeland Claire Kao Jolie McCuistion Sarah Todnem Sabrina Yuan Activity • • • • Remove shoes Questionnaire Snacks Whistle Facts • 7-Eleven is the largest chain stores in convenience retailing industry. • Approximately 26,000 7-Eleven franchise stores are operating worldwide, generated total sales of more than $36 billion in 2003 Facts Number of Stores: 10,389 5,791 Japan vs. China Similarities • Religion • Confucius Differences • Sensitive History • Concentration and Development • Government Policies Japan vs. China Similarities • • High market demand Low confidence in online payment Telecom hurdles • Outmoded shopping concepts Differences • • Bottom up vs. Top-down Level of IT diffusion Activity • Join Your Team For Some Fun! Japan vs. United States Similarities – Developed Countries – GDP • Differences – – – – Individualist Culture Cash vs. Credit Technology eCommerce Trust Japan vs. United States Japan vs. United States U.S. Centric Thinking • eCommerce • eBay – No Human Contact – Trust Bridging the Gap • Technology • Culture Bridging the Gap • Strategies – – – – – Use existing distribution system Creating new market Low cost to consumer Convenience Is plan Short Sighted? Bridging the Gap • Moving in a new direction – Cash Payments – Human Contact Bridging the Gap • Examples – AOL – ??? Conclusion Unique use of existing technology applied to culture . • • 45 minutes total ----------------- • • • • • • 7 minutes - discuss wistle at beginning (jolie) - introduce team mates - remove shoes - questionnaire - snacks • • 5 minutes - facts (claire) • • 5 minutes - china vs. japan (sabrina) • • 5 minutes - us vs japan (angie) • • 5 minutes (jolie) - us centric culture • • 5 minutes (sarah) - bridging the gap • • • • 5 minutes (angie) - briding the gap examples (aol - use pen) (backup ideas - • • • • 5 minutes If extra time, backup questions: (angie) - How do you feel about Japan being a cash based society? - Do you feel 7dream.com will have an impact on the Japanese culture? • • 1 minute (jolie) - conclusion statement