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STAT1060 Business Decision Making

Mar 13,23

Question:

Write about some recomondations and what can i do to make sure that making a business online company is a good step without any risks for example hiring a security company to secure my website from hacking or putting a clear selling and buying policy just a few recomondation.

Answer:

Introduction

Recommendations Secure website

Student name:

Student ID:

Module name:

Table of Contents

Introduction. 3

Recommendations. 3

Conclusion. 5

Reference list 6

 

Introduction

In the present time of technological based era, each and every company is going online in order to run business operation, promote business and attract customers. In the same way, in the same way, a company can get a number of tangible and intangible benefits to a company. A company can also save millions of cost of advertising by doing business online. Simply, it can be said that, doing business online a cost effective method that help the company in attaining business objectives at the reduced cost. online business can make it easier to work from anywhere around the world. It can help to set an own hour and it’s helpful for those who have limited capitals to start up a business. However one needs to work on the right tricks for a successful business online. In this research paper, issues related to online business would be addressed and specific suggestion would be given in order to deal with issues of online business.

Recommendations

Running a business online came with lots of challenges. Here are the recommendations for online business.

Organizing web assets: It’s very satisfying when people are using the creating products on a regular basis. Following this point can be extended further by organising the business. The web assets are the important path for the website to the social profile in the hosting account and all needs to be in order. The relevant assets have to be optimised for such brands (Halkiopoulos et al., 2020). As an example the social media and web pages definitely should have its relevant keywords. It has to be fallen into the integrated plan in marketing. All the latest information about a company should be updated completely.

Responsibilities and passion: Along with the passion responsibilities should come. That’s the reason it is always a risk of working on a project which one thinks is enjoyable and right. Once someone took a close look it can be realised that these projects don’t have advanced firms (Fu et al., 2020). It always happens when one can understand that it’s not as profitable, it fails to give value to the client, and also not able to attract the high value and new client. Continuously using such recommendations gave the growth of an online business in the right directions.

Basic clarification of globally what is driven and managed locally: The global approach in marketing never means the absence of the local, the initiative, and plans that specify in market plans. Some marketing areas lend themselves for bringing the central level globally with such planning of brand guidelines, budgeting, the market plan strategically, the strategy in controlling social media, research strategy and many more. Local initiatives in outreaches are included in the best managed area. The tactical companies, PR initiatives and the channel in social media all are included into it. Markets always need to have control over all local channels that can contribute to the path of success. Dividing the markets into two ties also can be helpful for online marketing.

Risk assets and choosing a capable host: After starting an online business, it has to be kept in mind that all the online tools are available in this business. And the tools should be constantly evolving and changing time by time otherwise it can destroy the online market. The open website is an open opportunity that can develop a community and establish the organization worldwide. One of a resource reveals top ten risks for a website (Yadav & Mestry, 2021). One of the above was recently revised in the year 2017. If someone starting a website that person can get several options for hosting and every single option provides a unique advantage to improve the site. Some established hosts on the web always allow extended safety. It can be called the very first move to make the website secure. There are two tricks that can prevent the data from being exposed or attacked. These are structured language in query and script of cross site.

Enable some different access levels: Researching of all other competitors as well as all the other businesses about what kind of tools they are using is very necessary to establish a successful online business. However in a business so many personnel contribute expertise to the site. The controller of distinct tiers may help to supervise the behaviour and make a safeguard to the website (Anwar & Abdullah, 2021). The permission that is restricted in websites for some specific area or actions can also prevent crashes and errors. However to fend off the mistakes and public content employees can login separately and can manage the tweaks. It’s a very important way to b overcome the risk factors that always face an online business. Instead of that one has to be very much realistic with the time and about the budget that one needs to manage the aspects for online business. The company has to check the staff’s needs whether they need any training for online marketing or not.

Implement passwords: Online breach of data is the cause of frequently using inadequate passwords. It’s very essential to set the password in practice in this huge personnel collaboration on the website. This is a suggestion from the Professionals who are in Cyber security that a user should always utilize some diverse numbers in password in this platform (Lustig et al., 2020). Otherwise adopting original symbols in variant ways or numbers or some letters in a password is also a great idea to set up the online business. Basically password is gateway keys to an online business and for this password should be fortresses strong with regular implication. There are also various tools to develop the password in the market which can grow and develop the online business as well.

Security subscription and the automatic backups: However at the very first time of starting a business if someone has not planned for a website that person should immediately operate a website and for this website a paid subscription is always required. The application of recurring security from any host can usually get renewed by subscriptions (Yadav & Mestry, 2021). Backup system is something which works as an excellent solution and it can also revive the company’s website materials and expedite the prelaunch. Tracking the services that customers received from the online market and improving all the elements can also take the online business in a successful path. The best result for a backup process is installing the backup technology that can collect all the data routinely.

Hence, all these recommendations should be used and applied to run the business operations more successfully. 

Conclusion

On the basis of above analysis and discussion, it can be concluded that, behind a successful online business, the company needs to be adjustable with laws and the regulations that applied for the activities online and always have to be ready for such loose or damage of the hardware, computer virus, scams, data thief and many more. Then only the business can run smoothly through online.

 

References

Anwar, G., & Abdullah, N. N. (2021). The impact of Human resource management practice on Organizational performance. International journal of Engineering, Business and Management (IJEBM), 5.DOI: https://dx.doi.org/10.22161/ijebm.5.1.4

Fu, H., Manogaran, G., Wu, K., Cao, M., Jiang, S., & Yang, A. (2020). Intelligent decision-making of online shopping behavior based on internet of things. International Journal of Information Management, 50, 515-525. DOI: https://doi.org/10.1016/j.ijinfomgt.2019.03.010

Halkiopoulos, C., Antonopoulou, H., Papadopoulos, D., Giannoukou, I., & Gkintoni, E. (2020). Online reservation systems in e-Business: Analyzing decision making in e-Tourism. Journal of Tourism, Heritage & Services Marketing (JTHSM), 6(1), 9-16. DOI: http://doi.org/10.5281/zenodo.3603312

Lustig, C., Rintel, S., Scult, L., & Suri, S. (2020). Stuck in the middle with you: The transaction costs of corporate employees hiring freelancers. Proceedings of the ACM on Human-Computer Interaction, 4(CSCW1), 1-28. DOI: https://doi.org/10.1145/3392842

Yadav, S. K., & Mestry, P. (2021). INTERNET HACKING AND PREVENTION. VIVA-Tech International Journal for Research and Innovation, 1(4), 1-6. DOI: 10.1088/1742-6596/1566/1/012020

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