Digital Business: Key Trends, Benefits, and Models

Digital Business
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Executive Summary
This report is based on Digital business which plat vital role in industry growth in today’s
world. The below report cover some areas of business based on the digital platforms. Key trend
of digital business is adopting social media channels. There are various benefits of the digital
technology such as reaching potential customers become easy. Company can enhance their
productivity and profitability at higher rate. New and emerging digital models are important to
operate business on different platforms easy. Collaborative relationship and strategic alliance
both are helps to company in better employees engagement so they can achieve goals and
objectives. E commerce is part of digital business where buying and selling activities are
performed to achieve their targets and enhance profitability and productivity.
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Table of Contents
Executive Summary.........................................................................................................................3
INTRODUCTION...........................................................................................................................5
MAIN BODY...................................................................................................................................5
Overview of key trend, benefits of digital technology and implication of managing virtual
business...................................................................................................................................5
Evaluate new and emerging digital business model...............................................................7
Impact of new collaborative relationship and strategic alliance............................................8
How E- commerce principle could used in company...........................................................10
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................13
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INTRODUCTION
Digital business use era to create new price in enterprise models, patron stories and the
inner abilities that assist its middle operations. The time period consists of each virtual-handiest
manufacturers and conventional gamers which can be remodelling their agencies with virtual
technologies. Online Business or e-enterprise is any form of enterprise or industrial transaction
that consists of sharing statistics throughout the internet. Commerce constitutes the change of
services and products among agencies, groups, and people and may be visible as one of the
critical sports of any enterprise (Gong and Ribiere, 2021). This report is based on the “BBC
NEWS”, BBC News is the operational commercial enterprise department of the British
Broadcasting Corporation accountable for the collection and broadcasting of information and
cutting-edge affairs. This is based in London, UK. Below report includes the digital technology
and its benefits and disadvantages. New and emerging business model based on digital.
Collaborative relationship and strategic alliance. E commerce and its principles. All these are
covered in below report.
MAIN BODY
Overview of key trend, benefits of digital technology and implication of managing virtual
business
Digital organizations use era to create new price in commercial enterprise models,
consumer studies and the inner talents that aid its center operations. Digital Transformation or
Digitalization is the adoption of virtual era to convert offerings or organizations, via changing
non-virtual or guide approaches with virtual approaches or changing older virtual era with more
modern virtual era.
Advantages are:
Digital presence This might be the maximum seen advantage. The presence at the
Internet, via gear consisting of on line stores, social networks, blogs, company pages, etc.,
multiplies the visibility of the employer and income channels. . –
New touch channels with clients Equally, the virtual presence now no longer most
effective opens up income channels, however additionally new approaches of speaking with
clients. Email, apps, social networks... nowadays, the customers of any commercial enterprise
with a virtual presence have a couple of approaches to touch the employer.
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