Business Studies

Emerging Modes of Business

Question:

Why are E-business and outsourcing referred to as the emerging modes of business? Discuss the factors responsible for the growing importance of these trends.

Answer:

E-business and outsourcing are referred to as emerging modes of business. Prefix ‘emerging' puts emphasis on the fact that these businesses are in the process of development. These changes are happening here and now, and, that these changes are likely to continue. In fact, three changes are taking place most strongly:

  • Digitizaton: The conversion of text, sound, images, video and other content into a series of ones and zeroes that can be transmitted electronically.
  • Outsourcing: Contracting out non core activities to outside firms.
  • Internationalisation and globalisation: More and more foreign companies are entering into India and sending Ashia and Indian companies becoming MNCs. Therefore, E-business and outsourcing referred to as the emerging modes of business.

Following factors are responsible for the growing importance of these trends:

  • Improvement in Information Technology: With the improvement in information technology and emergence of internet the process of outsourcing and e-business is on an expansionary path.
  • More and More Interactive Websites: Websites are becoming more and more interactive. It is removing the problem of ‘low touch'.
  • Improvement in Communication Technology: Communication technology is continually evolving and increasing the speed and quality of communication through internet.
  • Diffusion of E-Commerce in all nooks and corners of the country: In order to diffuse e-commerce in all nooks and corners, India has undertaken about 150 such projects. It is also growing importance of these trends.
  •  Global Competitive Pressures for higher quality products: Due to adoption of new economic policy of 1991 in India, there has been an increase in competitive pressure from giant sized MNCs and global enterprises.
  • Ever Demanding Consumers: There is increasing demands from consumers for high quality products at minimum cost. Therefore, e-business and outsourcing are being chosen as newer options. But e-business and outsourcing are not emerging out of compulsion but also out of choice because of its benefits to consumers as well as producers.
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Emerging Modes of Business

Q 1.

Write a short note on the history of e-commerce.

Q 2.

What is digital divide? How is it relevant in context of e-business?

Q 3.

Explain various payment mechanisms under e-business.

Q 4.

Explain the measures taken to protect the security and safety of e-transactions.

Q 5.

Discuss the salient aspects of B2C commerce.

Q 6.

State any three differences between E-business and traditional business.

Q 7.

How does outsourcing represent a new mode of business?

Q 8.

Hackers lack certain values. Which are these?

Q 9.

Discuss the limitations of electronic mode of doing business. Are these limitations severe enough to restrict its scope? Give reasons for your answer.

Q 10.

Elaborate the steps involved in online trading.

Q 11.

Which values are of utmost importance while we get involved in e-business?

Q 12.

Differentiate between e-commerce and e-business.

Q 13.

Evaluate the need for outsourcing and discuss its limitations.

Q 14.

Discuss utility of E Commerce in:
(a) Health,
(b) Education,
(c) Governance,

Q 15.

What are the ethical concerns involved in outsourcing?

Q 16.

Describe briefly any two applications of E-business.

Q 17.

Describe briefly the data storage and transmission risks in E-business.

Q 18.

Write a short note on the scope of e-business.

Q 19.

What are the threats to e-transactions? Which measures have been devised for their protection?

Q 20.

Why are E-business and outsourcing referred to as the emerging modes of business? Discuss the factors responsible for the growing importance of these trends.

Q 21.

Show the anatomy of outsourcing.

Q 22.

What resources are required for successful implementation of e-business?

Q 23.

"E-commerce is the need of the hour."Comment.

Q 24.

"E-commerce is giving way to paperless society and government is supporting it."  Substantiate.

Q 25.

Differentiate between traditional business and e-business.