Handling the e-business challenge at Magnum Enterprises



Handling the e-business challenge at Magnum Enterprises

Task 1

The e business represents the electronic business which is a point of attention for media and it is appreciated well on the wall streets. The stock exchange in relation to e business has retained on the top position up till now. The Magnum's e business can be improved through the strategies development on the basis of critical and experienced analysis of the experts from various expertises. These experts will share their reviews over the present performance and the current situation of the market competition to maintain steady position with the quality assurance. The improvement of the company e business depends upon the empowerment of the ICT sector through the development of the local economy business. The fostering factors to strengthen the ICT sector depend upon the strong networks of the e business and e commerce. Keeping in mind the theme related to the progress of the ICT development and advancements in the e business. This theme is followed by the strategic planning's to achieve the targeted outcomes. These strategies involve the enabling of the pro enterprise environment. Through implementation of the perfectly planed strategies the desired outcomes can be achieved through establishment of the modern and competitive economy. The significance of a well planned theme consists of following objectives. The first one is the populace centered expansion through which the business smoothes the progress of their staff through the ICT training. The second important point is the removal of scarcity and the social impartiality and equivalence among the population. This can be achieved through the promotion and growth of the e business will generate the chances of new vacancies for the unemployed people and it will also have focus on the job stability. The third objective is to accomplish the contemporary competitive financial system. The investment and progress in the ICT sector will show improvement in the gross domestic product. This also establishes the correlation between the knowledge economy and the financial stability (E-Business and ICT Sector Development).

In order to establish a well maintained e business and move it smoothly to the top, various aspects have to keep in mind. These involve the issues related to the finance, marketing, operation, and legal consequences. These issues must be resolved in order to strengthen the e business of the Magnum.

When the plans for the e business improvement are discussed with the finance manager, the main stream issues related to the arrangement and accurate utility of the finance are discussed with the manager. The financial manger stated that in the present financial crisis era, in order to maintain the effective performance the risks must be aggregated. The risk management requires the financial investments along with the information technology resources utilization (E-Business and ICT Sector Development National ICT Policy and Strategy Conference Leveraging ICT to Promote Social and Economic Development Thursday 12 July, 2012). Although the already existing systems should not be destabilized as they still run the basic ...