answer all these questions as per question number

Assessment
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19
Assessment
Business
Strategy
hp-u
)
Table of Contents
Week1:
Answer 1
Answer 2
Answer 3
Week2:
Answer 1
Answer 2
Answer 3
Answer 4
Week 3:
Answer 1
Answer 2
Answer 3
Week 4:
Answer 1
Answer 2
Answer 3
Answer 4
Answer 5
Answer 6
Week 1: Business Strategy for Digital world
Answer 1:
Digital Economy: it is the economy that is based on technologies of digital computing. Digital economy increasingly perceived as a conducting business through markets which is based on the World Wide Web and internet. Sometimes digital economy called as New Economy, Internet Economy or web economy. The whole economy has been impacted by the growth of digital economy. In other words, it is a branch of economics in which we study the intangible goods with zero marginal cost over net.
Deloitte have short fuse in 2012 and have ranking in industry as six industry sector and it also experienced the result of digital economy as “Big Bang”. Digital economy is the most important driver of competitiveness, innovation and growth; it is developing across worldwide rapidly. The business landscape is changed due to the digital trends like social media, mobile web services, smart grids and loud computing. Digital economy has huge potential or small and medium enterprise (SMEs) and entrepreneurs (Digital Biemingham, 2016).
Answer 2:
In today’s environment, the most powerful tool is internet for enhancing the effectiveness. Internet influenced the many industries that have average probability under pressure. According to the HBS professor Porter, the focus on competitive advantage and strategic development are not be loosen by business planners. But internet and WWW developments are recognized for enabling technology. The sustainable competitive advantage can be achieved by lower cost or premium price or both. There are three type of generic strategies or achieving the average performance of business: focus, differentiation and cost leadership. Price has also subjective and objective component. E-business and e-commerce are the important component of business strategy for the development of economy. These three strategies are known as generic strategies that applied on the business unit. The aim of it is to the focus on internet factor like payment convenience and transaction security and small segment of online customers.
Answer 3:
Intranet usages provide numerous opportunities of cost saving for supply chain. There are several goals of supply chain are cost minimization, service level increment, improvement in the communication among the companies of supply chains and flexibility increment I term of response and delivery time. The supply chain with numerous business opportunities has been presented by the growth of intranet for the service improvement and cost reduction. The opportunities are: track the shipment through various mode including air transport, rail and truck, contact buyer or vendors form the problem of customer service for variety of service issue like late delivery, late arrival etc, reduce response time and service cost and status check. The principle application of the internet usage is in supply chain management in the area of customer service, procurement, scheduling and vehicle tracking.
Week 2: Business Exploitation of ICT
Answer 1:
ERP System: ERP is Enterprises Resource Planning. It is the software of business process management that allowed the organization to use the integrated application of system for business management and automated the many functions of back office related to service, human resources and technology. It is a type of enterprise application. This type of software designed for large business. The ERP system implemented by most of the organizations for the purpose of the replacement of legacy software. The applications of small business ERP are the solutions of light weighted software of business management (Beal, 2016).
For any company or business, there are many benefits of ERP software. ERP is the customizable applications suite that allowed business to mange and integrate the important processes.ERP has importance and asset for many organization because its focused on the cost of IT, improved planning and reporting, customization completion, improvement in efficiency, total or clear visibility, data quality and data security, improved workflow and collaboration, standardized process of business and supply chain management improvement.
Answer 2:
the wide issues of some enterprises in business exploitation of ICT are: organization agility, project management, role of IT/IS, ethical, involvement and role of end users, consideration that are technical, organization culture and change in organization, adaptability of organization, quality and quantity of organization, measure the cost and intangible benefits on...