Impact of Technology on Business: A Study of Local Shops, 2024, Report

This report examines the impact of technology on local shops, focusing on how online shopping and technological advancements affect business decisions, customer behavior, and profitability. The study investigates the impact of technology on local businesses, including the use of surveys and data analysis to assess the effects of online shopping on the profitability of local shops. The report also considers how businesses can adapt to changing consumer behaviors and incorporate innovative technologies to enhance productivity and maintain a competitive edge. The research utilizes a combination of primary and secondary data, including close-ended questionnaires and graphical representations, to analyze the data and draw conclusions regarding the adoption of technology and its implications for business operations and success. The report aims to provide insights into how businesses can adapt to the changing landscape and leverage technology for growth.

Efficient working environment Enhanced Productivity
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Column B
BUSINESS DEVELOPING MANAGER
Introduction
In every organization it is required to take business
decision in an appropriate manner with time. Generally, in
enterprise the decision are those which is made on the
basis of available information and data with them
organization become able to attain its goals and objectives.
Aims and Objectives
Objectives
• Ascertain the impact of multichannel shopping upon the
business of local shops
• Impact of technology upon the buying behaviour of
customers
Research Methodologies
• The two different methods are used to collect
information such as primary and secondary
• Close-ended questionnaire is prepared which contains
10 different questions
• Different graph and pie charts are formed to interpret
information
• For selection of respondents random sampling method
is used. 30 respondents are select by use of this method.
Theme’s
1.) Do people like to have products from the online sources?
2. Do you think innovative technology have negative impact
upon the profitability of high street shops?
Theme’s
Findings
• Respondents have the opinion that
innovative technology has positive impact
upon business
• It reduces the business opportunities
fro local shops
Suggestions
• Bring changes according to the need of
customers in their products
• Try to make changes in working
techniques according to current trends helps to
motivate employees.
Conclusion
It has been concluded from the above report
that decision-making is one of the important
aspect which helps in selection of the most
preferable option which helps to improve the
productivity and profitability of organisation.