E-Business and Opportunities for Dhaka Supreme Retail Stores

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Added on  2020/04/07

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This report examines the e-business landscape, focusing on the opportunities and challenges faced by retail stores, particularly Dhaka Supreme. It highlights the increasing adoption of cyber computing and enterprise resource planning (ERP) systems to enhance business efficiency, automate value chain activities, and improve customer experience. The analysis considers the benefits of online portals, increased communication effectiveness, and the potential for improved client satisfaction. The report also acknowledges the risks associated with cyber-attacks and data privacy. It further explores the impact of social media, the competitive retail market, and the evolving needs of consumers. The report concludes by emphasizing the importance of technology adoption, anti-security measures, and the potential for creating core competency in the market through ERP implementation. References include academic sources discussing e-business models and opportunities in the retail sector.
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E- Business and opportunities 1
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Topic: E- Business and opportunities
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With the increasing ramification of economic changes and complex business conditions,
each and every organization is adapting online business in their business functioning. Many retail
stores such as Wesfarmers, Woolworths and Mayer have adopted cyber computing enterprises
resources planning in its business functioning with a view to create value in its business process.
In this report, Dhaka Supreme retail Stores Company has been taken into consideration. It is
observe that this company has been running its business on international level by using effective
cyber computing enterprises resources planning in its operating system. It is evaluated that
company has to imports all of its goods from vendors and render it to its other departments. It is
further observed that company has quality checking department in which all quality of goods and
services would be checked throughout the time (Ahokangas, et al. 2014). Dhaka Supreme retail
Stores Company has adopted cyber computing enterprises resources planning in its business
functioning which will not only increase the efficiency of its business but also establish
automation in its value chain activities. This level of changes in the business is done on the basis
of adoption of cyber computing enterprises resources planning. This will help organization to
create a dashboard portal which could be used by clients to surf online and explore company’s
goods and services on online portal. However, with the changes in client’s need and demand, it
will increase the overall efficiency and effectiveness in determined approach. This cyber
computing enterprises resources planning system will also help company to increase the overall
communication effectiveness and overall client’s satisfaction. In addition to this, if Dhaka
Supreme retail Stores Company has adopted cyber computing enterprises resources planning in
its business functioning then it will increase the cyber-attacks, bombing and reducing the overall
time behavior in determined approach (George Wynn, Turner and Lau, 2013). Quality of goods
and services offered in market will not only increase the overall efficiency of business but also
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E- Business and opportunities 3
decrease the overall complexity of business. However, changes in business installation process
and adopting cyber computing enterprises resources planning in its business functioning will
increase the overall productivity in determined approach. Dhaka Supreme retail Stores Company
is retail store which has indulged in providing wide range of goods to men, women and other
accessories. It is the fastest growing retail store that is expanding its business throughout the time
(Choudhuri, 2014).
Dhaka Supreme retail Stores Company has adopted cyber computing enterprises
resources planning in its business functioning that allows their consumer to interact with the
physically available goods. This will mitigate all the possible hurdles and increase the client’s
experience in online shopping. In future, if Dhaka Supreme retail Stores Company wants to
create core competency in market then adoption of cyber computing ERP system will increase
the overall efficiency and automation in its various activities. However, due to vulnerability of
technologies, company needs to install anti security program to overcome the negative impact of
cyber-attacks and data privacy loop holes (Ahokangas, Juntunen and Myllykoski, 2014).
The technology can change and give easier way to meet their consumer to retail stores.
This type of supermarket gives all kind of product in one roof and customer needs not to waste
their time to look around for likely products. Social media is also the key feature for the growth
of the retail business as it may passes the quality and customer experience with other people
(George Wynn, Turner and Lau, 2013). There are many retailers which newly come to retail
store market and such type of competition is good for the future growth of the retail stores. As
retail stores are very traditional in the market it is also less in cost in comparison with online
products through online products includes delivery charges and other charges. The future retail
stores are bringing more simplicity to available their product as nearest to the consumer (George
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E- Business and opportunities 4
Wynn, Turner and Lau, 2013). This type of large and huge supermarkets provides more ductility
and aside the difference of offline and online business (Ahokangas, et al. 2014). “Myer” is going
to adopt various types of new arrangements which may provide better facility to the consumer.
One of the most important things of retail stores is that it provides representatives for displaying
the product. It gives positive response to the consumer (Ahokangas, Juntunen and Myllykoski,
2014).
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References
Ahokangas, P., Juntunen, M. and Myllykoski, J., 2014. Cloud computing and transformation of
international e-business models. In A Focused Issue on Building New Competences in Dynamic
Environments (pp. 3-28). Emerald Group Publishing Limited.
Ahokangas, P., Matinmikko, M., Yrjola, S., Mustonen, M., Posti, H., Luttinen, E. and Kivimaki,
A., 2014, April. Business models for mobile network operators in Licensed Shared Access
(LSA). In Dynamic Spectrum Access Networks (DYSPAN), 2014 IEEE International Symposium
on (pp. 263-270). IEEE.
Choudhuri, P.S., 2014. Scope of E-business opportunity in life insurance sector: A study on life
insurance corporation of India. South Asian Journal of Marketing & Management
Research, 4(3), pp.95-106.
George Wynn, M., Turner, P. and Lau, E., 2013. E-business and process change: two case
studies (towards an assessment framework). Journal of Small Business and Enterprise
Development, 20(4), pp.913-933.
Zhu, Z. and Lin, S. F. 2015. Entrepreneurial Perceptions and E-business Opportunity Discovery:
Evidence from China.
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