E- Business and opportunities Samples †MyAssignmenthelp.com

Question: Discuss about the E- Business and opportunities. Answer: In this report, study has been prepared on how retails stores have been adapting towards new online technologies business throughout the time. With the ramified economic growth and clients inclination towards new technologies system, online retails stores and its business functioning on domestic and international level has been gaining momentum throughout the time. Retails stores needs to manage their business effectively by using proper level of ERP system and online business effectively. It is evaluated that if company could install cyber computing enterprises resources planning in its business functioning then it could easily encounter various problems such as establishment of automation, lower down the cost of capital and increase the effectiveness of business. There are several retail stores that have adopted cyber computing enterprises resources planning in their business functioning to establish automation in their business functioning. In this report, Myer departmental store has been taken to showcase the future of online retail stores business. Myer departmental store has more than 10,000 employees working in its value chain activities and supplying these to other business warehouse for sell. Myer departmental store has adopted cyber computing enterprises resources planning in its business functioning to ease its value chain activities. It has operation to take goods and services from vendors and supply its to warehouses and clients. This has been done by company through cyber computing enterprises resources planning in its business functioning in easy and determined approach. It is evaluated that Myer departmental store has made automation in its various activities such as placing orders with vendors, resolving client grievances and problems and increase the effectiveness of business (Dove et al. 2013). It is considered that with the changing business environments, clients have more inclination towards companies that have adopted newly innovative tech nologies in their business functioning. If retail stores adopt cyber computing enterprises resources planning in their business then it will allow clients to surf online and increase their overall working satisfaction. In addition to this, retails stores could also minimize the time and cost involved in window shopping (Zhu and Lin, 2015). This will increase theo overall clients satisfaction. Myer departmental store has developed online dashboard by adopting cyber computing enterprises resources planning in its business functioning so that clients could see millions of products just by clicking one button. This level of business functioning will broaden the clients choices and market share of company at large. However, Myer departmental store will adopting this cyber computing enterprises resources planning in its business functioning has to arrange training for its employees so that they could understand this process and could resolve clients grievances in easy and determined appro ach (Zhu and Lin, 2015Myer also needs to hire IT department which will increase the overall productivity and efficiency of business. There are several benefits which Myer departmental store will consider throughout the time after taking its business online such as increased market share, overall increment in turnover, reduced cost of capital and automation in business (Schaltegger, et al. 2016). However, with the changes in clients choices and their wants, it is considered that if retails stores do not adopt cyber computing enterprises resources planning in their business functioning then they could not take their business on sustainable basis. The major requirement of adopting online business is related to the sustainability of retails stores. Clients in the market would more prefer if they could easily get their goods and services just by clicking one button. Nonetheless, taking business online will be accompanied by various problems such as cyber-attacks, mail bombing, social att acks and malfunctioning in payment mode of company (Zott, Amit and Massa, 2011). The online business of retail stores will help company to grasp not only domestic market share but also international market share. This will increase the overall turnover and eventually profit of company. The future of retail online business is very effective. Each and every business should make effective use of these resources in determined approach. Now in the end, it could be inferred that if retails stores could install cyber computing enterprises resources planning in their business functioning then it will increase simplicity and effective business functioning for retails stores in Australia. However, adopting innovative technologies and effective use of developed mechanism will reflects the vulnerability of online business of retail stores throughout the time. If these retail stores wants to create effective brand image and increased overall turnover then they will have to manage their online business effectively. Adopting IT department will surely help company to decrease the online business problem. References Zhu, Z. and Lin, S. F. 2015. Entrepreneurial Perceptions and E-business Opportunity Discovery: Evidence from China. Zott, C., Amit, R. and Massa, L., 2011. The business model: recent developments and future research.Journal of management,37(4), pp.1019-1042. Welch, C., Piekkari, R., Plakoyiannaki, E. and Paavilainen-Mntymki, E., 2011. Theorising from case studies: Towards a pluralist future for international business research.Journal of International Business Studies,42(5), pp.740-762. Schaltegger, S., Hansen, E.G. and Ldeke-Freund, F., 2016. Business models for sustainability: Origins, present research, and future avenues. Dove, S.G., Kline, D.I., Pantos, O., Angly, F.E., Tyson, G.W. and Hoegh-Guldberg, O., 2013. Future reef decalcification under a business-as-usual CO2 emission scenario.Proceedings of the National Academy of Sciences,110(38), pp.15342-15347.