New Product Development: Interpretation of Online Business Impact

This report interprets the impact of online business on new product development, focusing on how online decision-making affects businesses, particularly physical stores. The research employs both primary and secondary data collection methods to address gaps in the literature. Key objectives include identifying the impact of technological innovation on street shops and malls and determining respondents' perceptions of these changes on their business and profitability. Findings indicate mixed customer sentiments, with many favoring traditional methods while acknowledging the increasing prevalence of online booking. Recommendations suggest enhancing customer facilities and strategically utilizing technological advancements. The research concludes that systematic planning and customer-centric approaches are essential for businesses navigating the evolving landscape shaped by online technologies.

New Product Development
Business decision making is an essential aspect for
every business. Most of the researchers use to take
decision on the basis of collected data for the
purpose of conducting research work.
Do you think; online
shopping sites affects
the physical stores?
Rate
a). Badly affects. 12
b). Less affect 2
c). Can’t say 6
Findings:
• The responses are more positive after
getting review from various respondents.
• The maximum of booking is done through
using online mode.
• Most of the customers are not in favour of
this particular change.
Suggestion
• Maximum facilities should be provided to
customers in order to increase profitability.
• Online booking can be made more focused.
• Growth and sustainability of using
technologies should be utilising in planned manner.
Introduction
Finding and Recommendation
Does technology
affects the business of
physical store?
Rate
a). Yes 18
b). No 2
Objectives:
 The primary purpose of conducting this
research is to identify impacts of technologies
innovation on street shops and malls.
 To determine respondents’ perception about
this particular changes on their business as
well as its profitability.
Research methodologies:
 Under this, various sources of data collection
methods are being used such as primary and
secondary.
 The research is entirely aims to remove
literature gaps those are arising during the
survey analysis.
 Use of different charts and graphs is done in
order to identify total impacts.
 Quota and random sampling is being used to
evaluate proper research.
Interpretation
Research Methodologies and Objectives
Conclusion
From the above research evaluation, it has been
concluded that business decision needs to be
systematically planned. The information requires to
make take valuable steps in order to increase the moral
of customers.