Challenges for Information Security Threats and Ethics in Virtual Business

Digital Business

Table of Contents
Contents
INTRODUCTION...........................................................................................................................1
Question 1: LO1...............................................................................................................................1
Outline key trends, advantages and disadvantages of virtual contex..........................................1
How they use technology together with its impacts and importance..........................................2
LO 4.................................................................................................................................................3
Define Situation and SWOT and then compare and contrast these two.....................................3
Question 3:..................................................................................................................................6
Challenges for information security threats and ethics in general.......................................6
Question 4:LO 3........................................................................................................................8
Question 5: LO5...............................................................................................................................9
Contrast and compare digital business and digital business. What are the principles of e-
commerce and also discuss how they are applied to digital organisation...................................9
CONCLUSION........................................................................................................................10
REFERENCES........................................................................................................................11

INTRODUCTION
A digital business relates with the technology that an organisation uses to enhance their business
model on the basis of taking an advantage of internal as well as external operations by adopting
the techniques relates with the advancement of digitalization sources in the company.
Information technology changes the scenario of business operations and infrastructure by making
the digital platform more effective through its internet platform by which organisation will reach
the objectives in respect of the future as well as current goals. (Choudhary and et. al.,
2019Digital business will help the organisation to compete in the external forces with their
competitors by developing the best strategic plan for implementing the digital platform is that
company like online e-commerce or the shopping sites are involve in the large activity of
digitalization where buyers will pay through digital from here the payments are more effective
provides the convenient approach to their user.
The project report is based on the case study that are ASOS, Brichbox ,Very, Sakesfaith Avenue.
This case study contains the trends advantage ,advantages and drawbacks related to managing
virtual business management. Its includes the comparison between the situational and SWOT
analysis and further digital model of the digital business that relates to the ethics and code of
conduct of the business and involves the comparison between the e-commerce and digital
business.
Question 1: LO1
Outline key trends, advantages and disadvantages of virtual contex
Virtual business
It relates with that business which will carry more of their business operations and tasks with the
help of internet or by using the internet sources transaction in the organisation will also operates
through the platform of online digital form .
Advantage of managing Virtual business in global environment
 Flexibility:
In comparison with the conventional type of business the virtual business is more flexible in
nature because this type of business will easily cope up in the global market with their more
flexible nature of doing the business through internet sources and by making changes in relation
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with the global markets policies the virtual business will easily benefit the market through
internet platform of reaching the large customer base globally.
 Brick and mortar cost saving:
This model provides the advantage to manage the function relates with the business which deal
virtually in global market here the advantages are emerge with traditional street sites stores
here the business deals with the customers who's having function of face to face interaction with
the customer by providing the virtual businesses advantages and by utilizing the resources well
in the organisation in global market . )(Schaeffer and Sovie, 2019)
Disadvantage of managing Virtual business in global environment
 Lack of staff monitoring:
This type of business having lack of monitoring value in respect of the staffs in which they are
dealing their working virtually through internet because all the activities are implement through
the virtual process by which there is a communication gap between the company staffs with their
seniors that is why the managers will not able to properly manage the staffs relates with the
company Very they are dealing their most process through the channel of online platform which
will results in low monitored aspects by the manager. (Zaki, 2019)
 Absence of unity:
This is one of the common disadvantage of the virtual business is the lack of connectivity with
the business enterprise ,because this approach is basically deals with the employees who are not
really engage in the convenient market they deals in the market related to the online marketing
with the virtual business perspective so they have low command and connectivity with the live
market.
How they use technology together with its impacts and importance
This type of business really don't need any kind of infrastructure and offices or such a
platform relates with the office because they mostly operates their business through internet and
digital platform which will results in the effective fast business operation without any obstacles.
Virtual business is one of the major aspect of doing the global business internationally by
channelising the internet sources. In this ASOS, Brichbox make use of virtual technology and it
has few impact and importance that is as explained below as:
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