Importance of Ecommerce for Business during Covid 19 Pandemic: A Qualitative Analysis
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This report provides a qualitative analysis of the importance of Ecommerce for businesses during the Covid 19 pandemic. It includes research methodology, data findings, and conclusions.
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Table of Contents INTRODUCTION......................................................................................................................3 FINDING...................................................................................................................................4 Research methodology...........................................................................................................4 Data finding............................................................................................................................4 CONCLUSION..........................................................................................................................5 REFERENCES...........................................................................................................................6
INTRODUCTION The current report is based on the importance of Ecommerce at the time of Covid 19 pandemic and how it helps the business to run their business in greater sense. According to, there are many researcher and scholar build various question debating on the importance of Ecommerce, when it comes to run business in successful manner at the time of pandemic. However, first a meaning of Ecommerce is very necessary to understand. Ecommerce is a business model which gain importance from several year but at the time of global crisis this model is at priority for many businesses. E commerce refers to buying and selling of goods and service at the internet(Jain, 2019). This is an online mode where companies built their ownwebsiteorapplicationandthentotheirbusinesstransactionoverthenetwork. Ecommerce operates through four market segments which are computers, smart phones, tablets or any other electronic devices. During the time of Covid 19 major part of the world are being shut down and to run business it becomes very necessary to sale goods and services through adopting the concept of Ecommerce. Moreover the primary reason for carrying out this research is to know the relationship between ecommerce and business(Kasemsap, 2018). In this report qualitative research method is used so that deeper insight about the topic can be made. To conduct qualitative research an interview is being prepared so that open ended question and perception can be acquired from the participants. The identified interview questions are as follow: As per you knowledge is ecommerce is important for the business during the time of Covid 19 pandemic? What is the importance of Ecommerce over the companies at the time of pandemic? Through ecommerce what are the major advantage that is gained by the business during Covid 19 crisis?
FINDING Research methodology In current research the investigator has chosen the qualitative research methodology to enhance the detailed insight about the study. To gather and analyses data various research philosophy, approaches, strategy, data collection method is used. As per the Saunders research onion framework there are various layers of methodology to identify and evaluate data(Akram, 2020). The first layer id research philosophy and in present the philosophy which is used is interpretivism so that non numerical information can be acquired. The second layer is approach and to test the hypothesis inductive approach is selected so that new theories can be developed as per the gathered data. Data collection method is used to collect qualitative data from the respondent. The research strategy which is used to gather data is interview. As for the current investigation, researcher has chosen inductive approach because it will lay emphasis on developing new theories as per the data so that investigation can be done in valid and reliable manner(Chatterjee and et. al, 2021). The choice for inductive approach is it allows flexibility to the researcher to obtained data as per the behaviour of the participants. It also helps in closing seeing the content and then provides support for generating new theories by the helps of detailed data. Thus, the inductive approach is the perfect option for the current report along with the semi structured interview. To analysis the data and gain useful information out of it the technique which is used in thematic analysis method(Ram and Sun, 2020). Data finding From the above gathered data it is being analysed that three questions is being answered to various respondent and the interview has received various answer for their question by different participant. The first question that is answered by majority of the respondent is that yes ecommerce is important for the business at the time of Covid 19 and it has given various advantages to the companies to successfully run their business and grow their business operation(Roy and Tang, 2021). Some of the interviewee said that no it is not at all important to adopt the business model Ecommerce in the companies because for this lot of investment need to be done.
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Second question that were asked by the interviewer is what the importance of ecommerce are over the business. Some of the interview has said that it helps in expanding the business in digitalplatformwhichhelp themtoattracttargetmarket(DuttaandShivani,2020). Ecommerce help in diversifying the business in digital market which helps them to go digitalisation. Another participant has said that it helps in gain competitive advantage from the rivalry at the time of Covid 19 pandemic. Ecommerce helps in increasing their growth rate which helps them to compete with the competitors in large section. One of the biggest advantage that very gained by business after the adoption of the ecommerce business model is adding value to the customer(Lim and et. al, 2021). Majority of the interviewee said that ecommerce has given the importance of offering opportunity in term of customer at the time of Covid 19 pandemic. Third question that were asked in the interview is major advantage that is gained by the business during Covid 19 crisis. Fewer interviewees have answered that it provides the major benefit of reducing the cost. Through ecommerce the electricity and warehousing cost has being reduced which help them to survive at the time of Covid 19(Xuhua and et. al, 2019). Another advantage that is being acquired by the ecommerce which helps the business is expanding their business globally. This helps them to expand their business and gain overseas market and the rest of the interviewee had said that it offer better market opportunity and be innovative to advertise their goods and services in greater way(Śliwiński, 2021). CONCLUSION From the above gather data through interview it is being concluded that ecommerce has help the business a lot at the time of pandemic. The business model has also provided various advantages to the organisation in order to sale their product and run their business at the time of Covid 19 pandemic. It is also being concluded that it becomes very necessary for the business to adopt this concept so that they can gain success. Thus, it is vital for companies to go digital and gain competitive edge.
REFERENCES Books and journal Akram, S., 2020. The Importance of UIUX in Software Development for Business Growth. Bhattacharyya, J., Krishna, M.B. and Premi, P., 2020. Amul Dairy (GCMMF): expanding in theUSA,leveragingthee-commerceadvantage.InternationalJournalof Management and Enterprise Development.19(2). pp.149-163. Budiarto, D.S., Vivianti, E. and Diansari, R.E., 2021. Maintaining the Performance and SustainabilityofMSMEswithE-Commerce:ResearchduringtheCovid-19 Pandemic.Journal of Economics, Business, & Accountancy Ventura.23(3). pp.414- 425. Chatterjee, S., and et. al, 2021. Exploring healthcare/health-product ecommerce satisfaction: A text mining and machine learning application.Journal of Business Research.131. pp.815-825. Dutta, S. and Shivani, S., 2020, December. Modified UTAUT2 to Determine Intention and Use of E-Commerce Technology Among Micro & Small Women Entrepreneurs in Jharkhand, India. InInternational Working Conference on Transfer and Diffusion of IT(pp. 688-701). Springer, Cham. Jain, G., 2019. Marketing Strategies for E-commerce Business.AAYAM: AKGIM Journal of Management.9(2). pp.30-33. Kasemsap,K.,2018.Theimportanceofelectroniccommerceinmodernbusiness. InEncyclopedia of Information Science and Technology, Fourth Edition(pp. 2791- 2801). IGI Global. Lim, S.C., and et. al, 2021, July. Factors Influencing Continuance Intention of Ecommerce among SMEs in Northern Region of Malaysia. In2021 International Conference on Computer & Information Sciences (ICCOINS)(pp. 53-58). IEEE. Ram, J. and Sun, S., 2020. Business benefits of online-to-offline ecommerce: A theory driven perspective.Journal of Innovation Economics Management. (3). pp.135-162. Roy, U.K. and Tang, W., 2021, July. Transformation the Business of eCommerce Through Blockchain. InInternational Conference on Human-Computer Interaction(pp. 85- 91). Springer, Cham. Śliwiński, R., 2021. 1 Artificial Intelligence: A Prerequisite for Competitive Advantage in E- Commerce.Competition,Strategy,andInnovation:TheImpactofTrendsin Business and the Consumer World. Xuhua, H., and et. al, 2019. Effectsof business-to-business e-commerce adoption on competitiveadvantageofsmallandmedium-sizedmanufacturing enterprises.Economics & sociology.12(1). pp.80-366.