Evaluate new and emerging digital business models

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Reference no: EM133804515 , Length: word count:3000

Digital Business - Level 5

Learning outcome 1: Understand the key trends and advantages of digital technology and implications for managing virtual business in the global environment

Learning outcome 2: Critically evaluate new and emerging digital business models and key business issues such as cyber security and ethics etc. in managing effective e-business

Learning outcome 3: Evaluate the impact of new collaborative relationships and strategic alliances through digital technology.

Learning outcome 4: Understand and apply relevant digital business theoretical concepts in practical contexts

Learning outcome 5: Use a multi-disciplinary approach to apply E-Commerce principles in a business/public/voluntary sector organisation.

TASK DESCRIPTION

The Covid-19 pandemic has brought massive and unexpected life twists, but it did not grind everything to a halt. While it is true the coronavirus has caused catastrophic health, social and economic effects, it is still fortunate that technology has advanced so much that communication and working from home continued but virtually. This is evident that technology today is no longer seen as a facilitator of everyday business practices. Digital business, as it relates to business technology, offers companies and individuals new ways to connect, collaborate, conduct business, and build bridges between people. It impacts the basis of business functionality and determines the way business is managed today. Your Writing Experts Are Ready - Hire Now!

However, security and privacy have become one of the biggest concerns. For example, When Russia attacked Ukraine in early 2022 with missiles, air strikes and a ground invasion, it also escalated an ongoing campaign of DDOS attacks and ransomware attacks. This shows digital businesses and governments must take utmost care in securing their systems.

Choose a well-established digital business or e-commerce business in a B2B or B2C context. The chosen business must have a well-developed website, where you can find information about their strategies and operations. You are taking the role of an independent digital/e-commerce business consultant tasked to evaluate the strategies that the chosen digital/ e-commerce business is applying based on the tasks outlined below and complete these in a report.

The tasks include:

Provide an overview of key trends and advantages of digital technology and implications for managing virtual business in the global environment by drawing on your chosen business.
Critically evaluate new and emerging digital business models in the context of key business issues such as cyber security and ethics that your chosen business uses or may use.
Evaluate the impact of new collaborative relationships and strategic alliances through digital technology for your chosen business.
Critically discuss the impact of Internet of Things (IoT) on businesses in general and the plausible future of IoT application on businesses. Critically discuss any three applications of IoT that you can adopt on your chosen business.

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Reference no: EM133804515

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