Analyzing Variance in Business Opinions Across Industries

The task requires students to explore three tables detailing variations in stakeholder perceptions, innovations, and regulations across different industries. Using these tables, the assignment aims to understand industry-specific trends by calculating descriptive statistics like averages and variance. Students should provide a detailed interpretation of how these factors differ among industries and discuss potential reasons for these differences. The objective is to equip students with skills in data analysis and critical thinking, enabling them to derive insights from complex datasets.

Running Head: DIGITAL BUSINESS
DIGITAL BUSINESS
Name of the Student
Name of the University
Author Note

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Abstract
The research project named as “Digital Business” is about Study of Business Models towards
more Sustainable Values by Technology and Big Data. This research study has been conducted
by……………….in the year 2017(Nationality). The research work has been completed by using
the both primary and secondary data regarding the research topic. We have performed
independent samples t-test for digital business in organizations and found the results to be
significant.
Keywords:
Digital Business, Business Models, Corporate Social Responsibility (CSR), IoT, Internet
marketing tools, Digital marketing, Digitalization, Business Strategies, ANOVA,

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ACKNOWLEDGEMENT
One of the most enriching experiences was conducting this research project. This research helped
me to enhance my knowledge based on both analytical and logic skills that has been paramount.
This project work gave me the opportunity to face the challenges during the process and
understand the techniques to overcome the situational challenges. The completion of the research
would not have been possible without the help and guidance of my professors and the people
who have contributed for enriching experience of the research topic "Digital Business". I am
thankful to my supervisor__________________, because of the constant support and guidance
that has been provided to my work in the whole research process. I also thank my friends those
who have guided and encouraged me to collect primary and secondary data and other valuable
resources. Last but not the least, I would thank the professionals from the digital organization
who participated in the survey process for my data collection and helped me provide the most
valuable input to the research project. The support of all these people has been inspiring and
enlightening throughout the research process.

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Table of Contents
Abstract 1
Keywords: 1
CHAPTER ONE: INTRODUCTION7
1.1 Chapter Introduction..............................................................................................................7
1.2 Background of the Study 8
1.2.1 Research Problem...............................................................................................................8
1.2.2 Purpose of the Research....................................................................................................10
1.2.3 Significance of the Research............................................................................................11
1.3 Research Aims and Objectives 12
1.3.1 Research Aim....................................................................................................................12
1.3.2 Research Objectives..........................................................................................................12
1.4 Research Questions 12
CHAPTER TWO: LITERATURE REVIEW 13
2.1 Introduction 13
2.1.1 Business Case for sustainability.......................................................................................14
2.2 Commitment in economical Digitalized business29
2.3 Stakeholder Involvement in feasible digital business 32
2.4 Regulation in maintainable digitalized business 33
2.5 Financial advantages of manageable digital business 34

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2.6 Conclusion 36
CHAPTER THREE: RESEARCH METHODOLOGY 37
3.1 Introduction 37
3.2 Problem Statement 37
3.3 Research Philosophy 38
3.4 Research Design 38
3.4.1 Research Approach...........................................................................................................39
3.4.2 Research Purpose..............................................................................................................39
3.4.3 Research Methodology.....................................................................................................39
3.4.4 Time Horizon....................................................................................................................39
3.5 Research Objectives 40
3.6 Research Questions 40
3.7 Data Collection Questionnaire 41
3.8Research Assumptions 42
3.9 Target Population and Sampling methods 42
3.10 Ethical & Data Protection issues43
3.11 Data Analysis Methods 43
3.13 Limitations 44
CHAPTER FOUR: DATA ANALYSIS, FINDINGS, AND DISCUSSION45
4.1 Introduction 45

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4.2 Reliability Test 45
4.3 Analysis of the Responses given by the Companies 46
4.4 Correlation and Regression of the Variables 53
4.4.1 Correlation Analysis 53
4.4.2 Regression Analysis..........................................................................................................54
4.5 Testing the distinctions in conclusions of the Companies 56
CHAPTER 5: CONCLUSIONS AND RECOMMENDATIONS 65
5.1 Introduction 65
5.2 Conclusion 65
5.3 Recommendations66
5.4 Further Research 67
REFERENCES 68
APPENDIX A75
APPENDIX B 77

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Table of Tables
Table 3.1: Questionnaire Contents and References 42
Table 3.2 Summarizes and illustrates the variables 43
Table 4.1: Correlation of the variables 55
Table 4.2: Regression Statistics 56
Table 4.3: ANOVA Table 56
Table 4.4: Table of Regression Coefficients 57
Table 4.5: t-Test: Two-Sample Assuming Equal Variances 58
Table 4.6: t-Test: Two-Sample Assuming Equal Variances 59
Table 4.7: t-Test: Two-Sample Assuming Equal Variances 60
Table 4.8: ANOVA for Commitment 62
Table 4.9: ANOVA for Stakeholders’ Involvement 63
Table 4.10: ANOVA for Regulations 64

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Table of Figures
Figure 1: Commitment of social responsibility and sustainable development 48
Figure 2: What is the level of digital skills and capabilities in the company? 49
Figure 3: Place of digital strategy from commitment to deals 50
Figure 4: How effectively the company adapted to change and disruption 50
Figure 5: The firm’s growth, profits and stock performance compared to a relevant benchmark
51
Figure 6: How the company uses digital capabilities to identify and involve stakeholders 52
Figure 7: Implication of digital skills in evaluating the impact of its actions on stakeholders
52
Figure 8: Level of use of digital skills 53
Figure 9: Digital has an important place in strategies to address policy misalignments 53
Figure 10: Place of digital in managing overall reputation 54

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Executive summary
Effective organization work with an unmistakable business, utilizing a vision and guidance of
that characterize the path forward. Without this critical key digitalization, organizations would
concentrate just on explaining the present issues and neglect to make consistent incentive for
their customers. This has made an unsupportable circumstance for some organizations,
considering that IT is progressively joined into the exact condition of most organizations,
markets and social orders. New digital arrangements offer a chance to enhance how organization
contend and make an establishment for beating rivals in this digitalized competitive world. This
research presents a system that organization can use to build up a digitalized vision and construct
new plans of action in view of digital openings. It is also about the organization dealing the work
together with the digital platform today. The business world is evolving drastically in
digitalization. Client and accomplice desires are higher than they have ever been. Creating a
rivalry in the digital market worldwide. The impacts of cell phones, tablets, wearable gadgets,
Internet-associated objects furthermore, a regularly growing universe of business-to-business and
business-to-consumers applications implies that an organization's capacity to interface by and
progressively with customers and business accomplices is getting to be plainly boundless, as well
as basic. Innovation is an indispensable piece of each business and each individual’s everyday
life. The Internet of Things (IoT), Cell phones, cloud administrations, accomplice groups and
requests of individuals inside the business are putting greater effort on organization to adjust and
develop genuine operational, security and money related threats. Despite the fact that the
expression "digital business" has been, the most important part of all times since the age of
internet and has conveyed an assortment of implications. Despite how people or organizations

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have considered computerized or digitalized business in the past, it is the ideal opportunity for a
reset. This is period of digital business to flourish its presence in Business and individual life.

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CHAPTER ONE: INTRODUCTION
1.1 Chapter Introduction
The people have overseen the rapid change in this world and thus it has been a vital issue
for now to remember from when and where the first technology came into existence.
Digitalization is still there from the starting time of revolution. From the introduction of packet
switching network and microprocessor there has been a huge amount of changes from the
situation and time. These kinds of inventions were made a long time ago and as compared to the
past times, the rate of the growth in technology is much enhanced to some better extent. The
growth of the development has reached in such a level that people think they have reached a
saturation level and thus cannot be better any further.
The continuous rise of the stake in the company is mandatory for the appraisal of the
company. The rate of losing the positions of the leaders has been increasing rapidly. This
happens because a lot of technologies have been newly introduced in the industries to come
within the competition. Thus, all the organizational business was enforced with the growing
strategies, to improve their abilities and convert the culture accordingly.
The growth of computers and electronic networks has been significant and has created
some specific transformation in the area of production and consumption of information (Hirt and
Willmott, 2014). Globalization and Information System (IS) are two fields which are directly
related to each other that is with increase in globalization IS field also increases gradually and
rapidly. The increase is due to the critical development in the Information and Communication
Technologies (ICTs). Based on the Information and Communication Technologies (ICTs), some

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of the organizational business has incremented largely along with the help of generation of
economic activities and opportunities (Kane, 2015). The strategies that has been utilized to
determine that a country is ready in terms of security, accessibility and connectivity. The aim to
monitor the development that has been initially adopted, for the country to restrict the chances
that has been provided by the Information and Communication Technologies (ICTs). The
stability of the business that has been characterized by the comparison of the traditional business
world and thus lowers the competition level of the company. The world of digital business that is
still on the rise is dynamic, multidimensional and thus faces the high level of uncertainty in the
competition (Catlin, Scanlan and Willmott, 2015). The traditional business world is far more
different from the rising digital business world. The business features along have created this
difference in the terms of opportunities. In the market of electronic and digitalization, traditional
business approach gets much more strict entry than the digital business approaches, which gets
easier access. Hence, digital business has been initiated as the formation of recent business ideas.
E-business is different from digital business due to the combination of things and their presence
of relation with other business and people (Weill and Woerner, 2013). The prior business in this
digitalized world can become obsolete due to the involvement of such huge opportunities. This
organization cam gain capability and technologically inspiring by this digital business.
1.2 Background of the Study
1.2.1 Research Problem
Digital business advancement depends on the positive and negative aspect of the people’s
feedback and these somehow influences the growth of the business in a huge extent. The
organization’s reputation mainly depends on the Corporate Social Responsibility (CSR) as we