Digital Business & New Technologies: Impact on Amazon and Business Management Theories
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This report discusses the impact of digital business and new technologies on Amazon and how it affects business management theories. It covers the importance of digital business, how it developed, technological platform apps, types of organizations, and business tools. It also explores scientific, human relation, system, and contingency theories.
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Table of Contents INTRODUCTION..........................................................................................................................3 Why your technological topic is important?..............................................................................3 How this technological topic developed?....................................................................................3 Technological platform apps…………………………………………………………………...4 What type of business and organisation?...................................................................................4 How it is used as a business tool110……………………………………………………………4 Business and management theories 110………………………………………………………4 Scientific theory:……………………………………………………………………………5 Human relation theory:…………………………………………………………………….5 System theory:110……………………………………………………………………………..5 Contingency theory:110………………………………………………………………………6 CONCLUSION100……………………………………………………………………………6 REFERENCES:..............................................................................................................................7
INTRODUCTION Digital business is a system of applying digital technology to create an efficient business and business model that can transform and company or a brand to achieve product and customer experience satisfaction. Innovation of new technology is created new products that create a certain value and increase with people with the product development and experience that is achieved with the help of digital business. In this report a discussion in regards of a company Amazonwhichisadigitalbusinessleaderintheworld.Fromthebelowreportthe Technological topic is discussed with its important how this technology topic is developed and affected Amazon and how the technology is used for the development of the brand. In this report various technology and software’s which are used to grow business and organisation with what kind of business tool Business and Management theories such as decision theories quantity theory system theory contingency theory are also included and briefly elaborated(Kane, 2019). . MAIN BODY TASK Why your technological topic is important? Digital business is an efficient use of Technology as a strategic tool for Innovation and achieving business objectives for long term. The valley of digital business is determined by how it is performing in market a digital business compromise of efficient leadership and platform development to reach initial business vision. There are many benefits for an organisation which builds a successful digital business-like Amazon that reduces expenses which are not useful with increasing time to time market productivity with increase in improve customer service(Fischer, and et.al 2020). The different benefits that are developed by Digital business are on covering new form of partnerships reaching to new customers and expand the brand with creating an target audience. How this technological topic developed? Digital business is interrelated to Business Technology which offer companies and an individual to new ways to engage and collaborate to conduct business with building bridges which establishes a better relationship with people and Organisation. Digital business such as Amazon impact initial business functionality and results the way the business is performed in
modern period of time(Goerzig, and Bauernhansl, 2018. Market is combined with modern technology with hiring of new tech engineers one or more technological platform helps in developing business and in gauge in long reach such as Amazon has developed various apps and software’s which resulted in high audience capturing. Technological platform apps When digital technology is elaborated it is also considered that digital transformation of digitalbusinessis also required.There are many digitaltechnologiesprocess of digital innovation in business this includes identifying various business outcomes and developing a culture change and collaborative experience for the organisation. As Amazon has adopted many Technologies to increase their net revenue with expanding their business in various Nations. Amazon has invested huge amount of monetary value in various platform such as Amazon Prime Amazon buying and selling app and many more(Whittington, 2018). What type of business and organisation? Thegenerationexceptionalorganizationswhich givecustomer supportin addition tofacilitates concerningpurchaserengagementmakes use ofvirtualgenerationtoattainoutclientsthat arein distinctiveregions (Teichert, 2019). Thecorporationwho developssoftware programs and packagesfor anddistinctiveemployerisdefinitelydepending ongenerationtomountedand virtualbusiness. Most of thecorporationincutting-edgetechnologyisdepending ongeneration in processing the accounting system(Kotarba, 2018). Thismakes use ofsoftware program which includeaccounting and databasedsoftwarewhich erafeefor thecorporation. How it is used as a business tool110 They are lot ofblessingswhich can beappliedin Business Technology: One of thesatisfactory blessingsthat Business Technologygivesisadvancedplace of businesscommunication. Connectingwithcolleagueshasinnowaybeenansimplercommunicatesoit'smiles satisfactoryrelatedwithimmediatelymessagingAppsemailsandconventionsoftware program’s the validity toacquireactualtime responsesprovidesshortoutcomesand resolving problemsthisoutcomesincrossgroupwork(Gobble, 2018). Anotheradvantageisoffering safetywith the aid of usingtheassistofenhanceTechnology theopportunityof saving informationandfactsis possible. Togivesnon-stopsafetyasafetysoftware programought to beup to dateand maintained on anormalc programming languageof time.
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Business and management theories 110 There aredistincttypes ofcourtingamongvirtualeraandvintageapproacheswhich might bemountedincommercial enterprise.commercial enterprisewanttopositionin adapting procedureof change, As theeraisdevelopingvirtualeraalso areadvancing with the use in distinctcorporationusingsoftwareprogram’sinadditiontoequipment’swhichcanbe concernedwitherais incommonprocedureof usable needs. Amazon hastailoredto newvirtual eraalong withsuperiorstockcontrolwhereinrobots andequipmentof recenteraare used to procedurewarehousecontrol. Amazon isthe use ofsoftwaresoftware programalong with Amazon Prime Amazon Prime video Amazon appkeeptooffervirtualin addition toCustomer offeringswithpersevering withcommercial enterpriseprocedure(Gupta, and Bose, 2019). Scientific theory: This theory suggest that strategy is different from how business is directed. In this theory trailer suggested that streamlining talks is a better option to increase productivity for a business. As per this theory money is the key incentive for working which develops motivation as well as fair treatment in personnel. This management concepts is practice worldwide between differentorganisation.Thisispracticein Amazoneffortatmospheretowhichresultin collaboration between employee and employees evolve into team work that people now reverence and enjoy(Stonehouse, and Konina, 2020). Human relation theory: Human Relationship theory suggest that an individual needs and absolute behaviour of individual and Groups to achieve their needs. The element of an organisation is its assembly and the informal aspects of the organisation include the interaction between the individuals and employees that create a social organization. The system is managed by creating individual job satisfaction and results in motivation of that individual. As in digital business it is if essential to established a communication and engagement with other employee as well, this creates and ethical work environment this provide enthusiasm to individuals. This is attentive on people rather than machines or Economics individual and employees can achieve maximum result with this lower inputs. System theory:110 SystemManagementTheoryoffersandalternativeapproachforplanningand management in organisation in this theory it is suggested that business is like an system of
human body which work sparely and interrelated with each other two function properly. As per Amazon it has divided their components in different elements so that they can function efficiently Amazon have different teams for every kind of work such as HR marketing finance and many more. Amazon highest leaders and Manager which are required for different patterns and conduct events in company so that best engagement can be offered to the customers. Contingency theory:110 Contingency theory suggests that there are different situation for every aspects of action taken in organisation it is totally dependent on the variables which is referred to an organisation. This theory suggests that there is no best weight to structure and corporation and solve problems as per employee needs it is all between the situation and independent variables that cause the process change. Amazon uses the strategy to keep the risk and inventory management well managed. CONCLUSION100 From the above report it has been concluded that digital business and new technology create and heavy impact in business development and their environment to grow their work force and perform in Technological platform. The software’s and applications that are used by an organisation are discussed in this report and how it resulted in their growth. In this report it is been concluded that the importance of digital business and how it will affect in development of different strategies while establishing a technical influenced business. At last of this report the types of Technology which are used in business organisation with the nature of relationship between digital technology with new emerging theories on business management is been concluded.
REFERENCES: Kane, 2019. The technology fallacy: people are the real key to digital transformation.Research- Technology Management,62(6), pp.44-49. Fischer, and et.al 2020. Strategy archetypes for digital transformation: Defining meta objectives using business process management.Information & Management,57(5), p.103262. Goerzig, and Bauernhansl, 2018. Enterprise architectures for the digital transformation in small and medium-sized enterprises.Procedia Cirp,67, pp.540-545. Whittington, 2018.Digital innovation and entrepreneurship. Cambridge University Press. Kotarba, 2018. Digital transformation of business models.Foundations of management,10(1), pp.123-142. Gobble,2018.Digitalstrategyanddigitaltransformation.Research-Technology Management,61(5), pp.66-71. Gupta, and Bose, 2019. Digital transformation in entrepreneurial firms through information exchange with operating environment.Information & Management, p.103243. Stonehouse,andKonina,2020,February.Managementchallengesintheageofdigital disruption. InProceedings of the 1st International Conference on Emerging Trends and Challenges in the Management Theory and Practice (ETCMTP 2019), Advances in Economics, Business and Management Research(Vol. 119, pp. 1-6).