Global Environment Archives - CIRCLE OF BUSINESS

Digital Business in Global Environment

The concept of Digital business in global environment pertains to the utilisation of digital technology and strategic approaches for the purpose of conducting commercial activities on a worldwide level. The significance of this method has seen a notable rise in contemporary society, characterised by its interconnectedness and reliance on technology. Digital business in global environment has substantial prospects for organisational development and expansion. However, this paradigm shift also introduces a set of obstacles pertaining to adherence to legal frameworks, safeguarding against cyber threats, navigating cultural nuances, and contending with competitive forces. In order to achieve success in the current business environment, organisations must adeptly use digital technology, exhibit agility, and maintain a global outlook.

Introduction…

Managing Virtual Business

Managing Virtual Business is not easy task at all. It requires huge IT collaboration, IT investment and skilled manpower. This study is actually an Individual Case Study Analysis on digital business.

Introduction

ICT has changed so many things in business as well as business concept. From the beneficial impact of ICT, the concept of virtual business is introduced. Now, virtual business is an established concept. Investing in personalisation is a worthy to get better customer experience. Personalization is recommended for digital business platform because it is always important to deal with buyer behaviour while producing as well as distributing product or services through online business platform (Postma and Brokke, 2012). Managing a virtual business is not an easy task because …

Advantages and Disadvantages of Managing Virtual Business in Global Environment

Advantages and Disadvantages of Managing Virtual Business in Global Environment is important to know for the business people. Here, this article will evaluate the Advantages and Disadvantages of Managing Virtual Business in Global Environment because the sense of knowing all these matters will help people to get better idea.

Advantages of managing virtual business

Virtual Business is Cost-Efficient

Cost effective prospect is very much advantageous which could be achieved by utilizing virtual business. It is possible as because it does not require the expense for maintaining an in-office team. Virtual business needs to bear office rent, utilities expense, transportation expense, maintenance expense. Employees of virtual business do work from home. Virtual business is mainly expensed for software and other ICT …