Digital Business: Advantages, Disadvantages, and Models

DIGITAL BUSINESS

Table of Contents
EXECUTIVE SUMMARY.............................................................................................................3
INTRODUCTION...........................................................................................................................4
MAIN BODY...................................................................................................................................4
Digital business and its advantages and disadvantages...............................................................4
New, emerging digital model and their implication on Amazon.................................................6
Impact of collaborative relationship and strategic alliances through digital technology.............9
E-commerce and its principles...................................................................................................10
CONCLUSION..............................................................................................................................12
REFERENCES................................................................................................................................1

EXECUTIVE SUMMARY
Digital business or digitalization of business refers to converting the physical form of
business into digital or online mode. It is one of the emerging and trending form of business.
This report will study about digital business and its importance that it will provide to companies
who operate their business in digital mode. In addition, of this various models associated with
digital business along with the strategic and collaborative alliances would also be included in this
report. Principles and concept of e-commerce should be a part of report which is being discussed
in the last section of this report.

INTRODUCTION
The main aim of this report is to discuss the concept of digital business along with its
advantages and disadvantage that companies could grab through the implementation of this
concept. This report also deals and discuss the various new and emerging models of digital
business that can be implemented and adopted by Amazon which is one of the famous e-
commerce company that operate its business through digital mode. This report will also discuss
the concept of strategic and collaborative alliances along with various e-commerce principles
that are being highlighted at the end of the report.
MAIN BODY
Digital business and its advantages and disadvantages
Digital business:
It refers to performance of business along with the involvement of technology. In simple
words it refers to use of technology in the working operation of business so that along with
raising efficiency and accomplishment of objective, customer's experience can also be raised at
the same rate. It can also be said that if any business will convert its physical form into
digitalized mode then it would also be categorized under the category of digital business (Sousa
and Rocha, 2019). Thus, it would be right to said that dealing and operation of business through
the use of technology and make the business appear on digital platform is said be as digital
business and digitalization of business of the company.
Advantages:
There are many advantages that can be grabbed by the companies who will implement
digitalization and digital technology in the working operation. The very first advantage is raising
the scope and coverage of the company in the market place. Through the adoption of
digitalization companies can raises their coverage over many more market in comparison of
dealing in physical forms. This means that digitalization will raise company's presence in the
competitive market (What are the Benefits of Digital Transformation?, 2020). Along with raising
coverage the sales and revenue of the companies will also raise if they adopt digitalization in
their business.