Part C Toyota s Financial Analysis - 768 Words

Part C: Toyota’s financial analysis Toyota’s business divisions encompass automotive operations along with financial and other customer services operations. Among these activities, automotive operations, which accounting for 89% of the company’s revenue in 2012 (toyota-global.com), are major segment of the business. In 2012, Toyota’s predominant markets for vehicle sales include: Japan-28%, North America-25%, Europe-11% and Asia-18% (toyota-global.com). Overall, the automobile industry is intensely competitive and highly volatile. Customers’ demand for personal vehicles is affected by many factors, including: social, political, technological and economic conditions (toyota-global.com). These factors can fluctuate the supply and demand of†¦show more content†¦Toyota’s unit sales have dropped approximately 11% since 2010 in North America. However, there was also significant increase of sales in Asia and other regions. The following table compares between the company’s ov erall operational results in 2011 and 2012: According to the table above, Toyota’s net revenue of 2012 has decreased from 18,993.7 billion to 18,583.6 billion or approximately 2.2% compared to previous fiscal year. This is partially the negative results of currency fluctuations within different regions in which the company operated combined with the numbers of increase/decrease in automobile sales and other factors within these regions. Notably is the serious decreasing in revenue of the company at 12.5% in North America. The declining revenue and net income of Toyota in 2012 has also led to reduction in the company’s earnings per share. Specifically, Toyota’s EPS has dropped from  ¥260.32 to  ¥180.4 (financial.morningstar.com). An increase in the company’s dividends from  ¥39.71 to  ¥94.29 combined with the above earnings per share has caused the company’s payout ratio to increase from 15.3% to 52.3%, which in this case is unfavourable. Toyota’s financial conditions in 2012 has also become the major reasons for the declining of the company’s return on assets (1.36% to 0.94%) and return on equity ratios (3.95% to 2.72%). The company total liabilities increased from 65.35% in 2011 to 65.58% in

The On The Consumer Market - 891 Words

The consumer market is an extremely complicated place and the rate at which it is growing and changing has been exponentially increasing over the last several decades. New technologies make the transfer of funds and services easier then ever but they also allow for more legal and moral loop holes to be taken advantage of. Being a consumer in this modern economic climate requires a savvy understanding of things like the global market, international financial interests and malicious scammers looking for easy marks. Being an effective consumer means having and using a small, workable, amount of knowledge about the consumer market place, or being consumer literate. Consumer literacy is specifically important to college students because companies tend to target them with deals full of hidden fees and bundled services and rely on them not to question what they are being asked to pay. College students are at the beginning of their financial career and saving borrowing and spending money do esn t work in the real world quite in the same way that it does with your piggy bank. Starting in college, early in one’s financial career, to make smart financial choices will set a life long precedence of wise financial management. By doing some simple things to keep ones finances organized one can improve their financial standing, and open themselves up to opportunities which would have otherwise, with poor financial management, not have been available. A college student who squanders allShow MoreRelatedThe Consumer And Business Market1073 Words   |  5 Pages Part 1: The Consumer and Business Market The company chosen to be the focus for the marketing management is the Edible Arrangements. According to Popkova, Abramov, Ermolina, and Gandin (2015). The headquarters of this company are located at Soweto in South Africa. 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Task 1a): Recommended Marketing Actions for Influencing Individual Consumer Behaviour†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.2 1.2. Task 1b): Multimedia Strategy†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.15 2. Task 2 - Individual Critical Reflection on Learning Outcomes†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦16 3. Literature†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...18 1. Task 1 - Consumer Behaviour in the Consumer Electronics Market 1.1. Task 1a): Recommended Marketing Actions for InfluencingRead MoreConsumer Markets and Consumer Buyer Behavior1773 Words   |  8 PagesPrinciples of Marketing, 14e (Kotler) Chapter 5 Consumer Markets and Consumer Buyer Behavior 1) ________ is never simple, yet understanding it is the essential task of marketing management. A) Brand personality B) Consumption pioneering C) Early adoption D) Buying behavior E) Understanding the difference between primary and secondary data 2) The consumer market is made up of which of the following? A) individuals who acquire goods or services for personal consumption B) householdsRead MoreThe Market And Consumer Trends2058 Words   |  9 Pageswhich wine market he should focus his resources on, and how his wine can be effectively distributed across France and exported to foreign developing markets.    The Wine Market: As of 2016, the global wine market shrunk by 7.6 percent, to generate $319,816 million while production volumes grew by 2.1 percent. 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Management In Accounting And Professional -Myassignmenthelp.Com

Question: Discuss About The Management In Accounting And Professional? Answer: Introduction Artificial intelligence is the concept where human intelligence processes are simulated by machines, typically computer system. It is basically an attempt to create artificial systems that possess intelligent behaviour. The development of AI is taking place quite quickly an in business world, AI is enabling the businesses to function smartly and efficiently. With the development of advanced technologies in several areas, the business entities are looking for more powerful, unique and sophisticated business solutions to improve and streamline their processes. Artificial intelligence encompasses numerous technologies such as machine learning, robotics, knowledge reasoning, natural language processing, cognitive computing and computer visions are few of its main branches. Many industries have started implementing some or the other applications of AI into their regular processes. However, the potential of AI applications is yet to be realised by businesses. The concept of artificial inte lligence is still being developed to design such applications which can readily form their decisions without any human intervention. The organisations which are looking forward to make use of AI opportunities are required to continuously monitor its development and has to ensure the availability of appropriate technical infrastructure that supports its implementation. The development would not replace the human operators in the near future however it will enable organisations to do much more with its innovativeness. Impact of artificial intelligence on accounting profession Artificial intelligence enables the machines especially computers to perform tasks that are decision based and which were performed by humans previously. One of the main branch of AI, named as machine based learning is progressively making the analysis procedures improved and simplified based on which various decisions are made in the businesses (Ranjan, 2009). The adoption of artificial intelligence tools and techniques in businesses helps the managers to improve the overall operational efficiency and productivity of business. Every enterprise has to perform various functions to conduct its business. Accounting is one of such important function that is undertaken in almost every organisation whether small or large ones. The term accounting has a wide scope and covers various types of accounting such as management accounting, financial accounting etc. Accountants of the business organisations have been using the tools and techniques of artificial intelligence since last many years wi th the intention of improving their functioning and adding more values to the businesses. The ultimate purpose of accounting profession is to improve the decision making capability of the company regarding the investment decisions. Accountants are expected to provide appropriate advise to their clients that helps them in their decision making process about the resource allocations. The use of artificial intelligence systems in accounting profession aids the accountants to use radically different and advanced approach to fulfil the ultimate objective of their profession. The accountants are appointed to report to the stakeholders of the company about the financial outcomes of the business of employing organisation. The investors and providers of finance need to gain trust and confidence about the companys financial performance before lending their funds and hence accountants are accountable to them. To fulfil their responsibility, accountants need to apply their core competencies and skills while reporting to company such stakeholders. The use of AI tools enables prompt availability of accurate financial results as and when such information is required. The implementation of AI technology in accountancy profession has helped in automating the tedious tasks of data entry thereby allowing the accountants to create better insights from the improved analysis of data (Alles, Kogan, Vasarhelyi, 2000). Deployment of artificial intelligence does not only emphasises on the accuracy and speedier processing of accounting and financial information but it also releases them to focus on other valuable tasks such as problem solving, strategic decision making and other decision making (Chandi, 2017). AI is continuously being developed by several accounting firms to interpret and analyse accurately the huge volumes of data in real time. It performs more analytic and sophisticated calculations and computations that supports the decision making regarding significant business aspects (The accounting strategic IT Conference, 2018). The auditors of companies are using AI tools which have natural language processing capabilities for the purpose of interp reting the contracts and deeds that they have to examine during the course of their professional engagements. The accountants role is also changing with the evolution of AI system (Ovaska-Few, 2017). They are required to be more skilled to utilise the opportunities provided by artificial intelligence such as they might require good knowledge of techniques of machine learning. Also, they are required to apply more critical thinking by adopting innovative ways of thinking and to enhance the communication skills ((ICAEW, 2017). Opportunities from Artificial intelligence The introduction of AI system has automated the general accounting functions at basic level but the use of more developed and sophisticated artificial intelligence tools will facilitate the automation of higher level accounting function. It will bring more employment opportunities for the white-collar workers of the organisations as technological advancement is continuing to gain the pace these days. AI will also enhance the audit quality as it improves the efficiency of accountants in their functioning (Zhao, Yen Chang, 2004). Therefore, the accountants in the audit team will experience the major boon in their professions because of advanced artificial intelligence platforms. Moreover, AI will also support remote working due to the digitisation of work using such technologies. The other opportunities from AI that are on their way, are being discussed below: Analytics calculation: The analysis of financial results of the company has always been an area of due concern for the management as well as the accountants. Such analysis requires higher degree of accuracy of the calculations performed hereunder. The tools of artificial intelligence will bring more accuracy to the accounting functions due to the automation of such functions. Humans are more prone to errors whether logical or mathematical and with the intervention of machines in the accounting areas, the accurate financial results will be obtained to support the decision making of users (Jones, 2017). Bank reconciliation: Machines like computer systems can easily perform bank reconciliation functions with the automated approach and the increased reliance on machines for improved calculations and reconciliations will free up the accountants to utilise their knowledge, skills and time to the strategic areas of business as they require more inherently human aspects. This will allow the business to create more values for their clients and in handling them in more effective ways (Nemati, Steiger, Iyer Herschel, 2002). Automated invoice categorisation: The machine learning automated software will facilitate categorisation of invoices which is currently undertaken by the accountants (Omoteso, 2012). Innovative applications to manage business finances: The AI is continuously bringing in the tools and applications interfaces to manage the business finance by automatically creating invoices, making revenue projections and determining the status of expenditures made in course of business. Risk assessment: Machine learning techniques will facilitate mapping of risk assessment by extracting data from all the projects that a company will undertake, so that comparison can be made for analysing the financial results (Marr, 2017). Threats from Artificial intelligence Though the evolution of artificial intelligence has brought significant benefits and opportunities for the businesses through its unique and innovative features it has exposed various threats to the businesses and professions. On one side, the AI technologies are positively contributing to improve the accounting function of the businesses whereas on the other side, it is imposing the risk on the jobs of the accountants. The disruptive changes to the business models due to the development and expansion of artificial intelligence systems in the upcoming years may affect the employment scenario (OLeary, 2002). The implementation of artificial intelligence techniques by some of the business organisation may create pressure on other entities as they might have to lose the competitive advantage over those organisations which are investing in such techniques. Moreover, such techniques will be imposing the major threats on the small businesses as they cannot afford to implement such advanced technologies in their businesses due to the funds constraints and in this way it will bring inequality in the development of overall economy. Also, due to the more and comprehensive data availability, the case load for the judgement work involved in auditing will also increase (Chan Vasarhelyi, 2011). Moreover, the introduction of artificial intelligence will require huge amounts to be invested on the training and development of accountants that are performing their accounting profession services traditionally. The accounting departments of the companies will be trimmed out. The lack of requisite knowledge and skills to use the AI tools and implement its techniques in the business will lead to heavy loss of employment of accountants (Sage One, 2016). Moreover, the evolution of AI systems will take the processing of accounting information to the online platform which may be highly exposed to the risks of data loss or corruption or manipulation as a result of cyber-attacks. Therefor e, the use of information technology in the form of artificial intelligence may cause heavy disruption to the business in the events of cyber-attack. Overreliance on the machineries such as computer system involves the risk of inactivity or disruption of overall functioning of business in the event of machinery or system failures. Conclusion The impact of evolution of artificial intelligence techniques has been critically analysed above and it can be ultimately concluded that AI techniques will bring more productivity to the accountants functions and will enable them to help their clients to take effective and improved decision. The role of accountant will not be reduced with the development of AI tools but it will require them to be more skilled and competent to participate in other significant functions that can prosper the business. They will rather have new colleagues i.e. the computer machines to work collaboratively for the provision of better services to their clients. Undoubtedly, the accounting departments of the companies will be shut down and the released capacity of the accountants will be used for strategic initiatives. However, it is necessary to understand that over-reliance on such artificial intelligence tools and techniques involves risk to a great extent as the computer systems may fail any time and th ereby affecting the overall business functioning of the organisation. Recommendations To implement the system of artificial intelligence in the businesses and to reap out maximum benefits of the opportunities provided by AI technologies, the managers must ensure that they have formulated necessary strategies, plans and policies for the implementation of such advanced technologies to the business. The managers must ensure that an adequate strategy in this regard would not only involve planning or arranging the resources to implement AI but to constantly observe and monitor the continuous development of the artificial intelligence. Investment of excessive resources in the implementation of funds could be damaging in case such techniques and tools of AI proves to be ineffective or unsuitable for the business. Moreover, before implementing AI to the significant business function the managers must ensure that the employees of the company have requisite amount of knowledge and competencies to cope up with the use of such advanced technologies in the business and if they do not have such requisites then they must be given adequate training to understand the actual importance and functioning of AI tools. Also before implementing such tools the entity must ensure that it has necessary safeguards and back up plans in case of any failure in the execution of such techniques. References Alles, M., Kogan, A., Vasarhelyi, M. A. (2000). Accounting in 2015.The CPA Journal,70(11), 14. Baldwin, A. A., Brown, C. E., Trinkle, B. S. (2006). Opportunities for artificial intelligence development in the accounting domain: the case for auditing.Intelligent Systems in Accounting, Finance and Management,14(3), 77-86. Chan, D. Y., Vasarhelyi, M. A. (2011). Innovation and practice of continuous auditing.International Journal of Accounting Information Systems,12(2), 152-160. Chandi, N. (2017). How AI Is Reshaping the Accounting Industry. Retrieved on https://www.forbes.com/sites/forbestechcouncil/2017/07/20/how-ai-is-reshaping-the-accounting-industry/#3e65bd0a37f3. Accessed on 26-01-2018. ICAEW. (2017). Artificial intelligence and the future of accountancy. Retrieved from: https://www.icaew.com/-/media/corporate/files/technical/information-technology/technology/ai-report-web.ashx Accessed on 26-01-2018. Jones, E.L. (2017). The Implications of Artificial Intelligence (AI) In Accounting. Retrieved from: https://www.accountex.co.uk/implications-artificial-intelligence-ai-accounting/ Accessed on 26-01-2018. Marr, B. (2017). Machine Learning, Artificial Intelligence - And the Future of Accounting. Retrieved from: https://www.forbes.com/sites/bernardmarr/2017/07/07/machine-learning-artificial-intelligence-and-the-future-of-accounting/#461d738f2dd1. Accessed on 26-01-2018. Nemati, H. R., Steiger, D. M., Iyer, L. S., Herschel, R. T. (2002). Knowledge warehouse: an architectural integration of knowledge management, decision support, artificial intelligence and data warehousing.Decision Support Systems,33(2), 143-161. OLeary, D. E. (2002). Knowledge management in accounting and professional services.Researching Accounting as an Information Systems Discipline, 273-283. Omoteso, K. (2012). The application of artificial intelligence in auditing: Looking back to the future.Expert Systems with Applications,39(9), 8490-8495. Ovaska-Few, S. (2017). How artificial intelligence is changing accounting. Journal of accountancy. Retrieved from: https://www.journalofaccountancy.com/newsletters/2017/oct/artificial-intelligence-changing-accounting.html Accessed on 26-01-2018. Ranjan, J. (2009). Business intelligence: Concepts, components, techniques and benefits.Journal of Theoretical and Applied Information Technology,9(1), 60-70. Sage One. (2016). Is artificial intelligence a threat to accountants? Retrieved from: https://www.sageone.co.za/2017/03/16/artificial-intelligence-threat-accountants/ Accessed on 26-01-2018. The accounting strategic IT Conference. (2018). How artificial intelligence will impact accounting. Retrieved from: https://www.alternativeaccountancyit.com/sponsor/artificial-intelligence-will-impact-accounting/ Accessed on 26-01-2018. Turban, E., Sharda, R., Delen, D. (2011).Decision support and business intelligence systems. Pearson Education India. Zhao, N., Yen, D. C., Chang, I. C. (2004). Auditing in the e-commerce era.Information Management Computer Security,12(5), 389-400.

E-Business System-Free-Samples for Students-Myassignmenthelp.com

Question: Discuss about the E-business System. Answer: There has been a huge development in the field of information and technology and also there has been a huge development in the field of software and website development in the past few years (Fielt, 2013). As a result there has been an emergence of a new concept in the field of marketing and businesses. The concept is e-business and there has been a huge development in this field in the last few years and recently there has been huge innovations made in this concept and also has changed the way in which the companies look at their businesses and plan the sale of their product. Due to the emergence of these technology and newer upgraded concept the business models of the companies have changed to a great extent. The e-business is a new concept that is benefitting both the sellers and the buyers. The businesses are planned in a way that would result in the profit of the organizations. The e-business allows the organizations to implement the advantages of internet and web technologies i nto their businesses (Soto-Acosta et al., 2016). In addition to this, there are various key elements of the businesses that are to be kept in mind that are value proposition, revenue model, competitive aspects of the business, marketing strategies and the opportunities in the market. In addition to this the e-businesses concept allows the companies various new type of facilities such as personalization and customization, providing the transaction facilities, management of product delivery and also helps in doing a thorough research on the market. The e-business also helps in the enhancement of the revenue model and helps in the procedures of advertisement and marketing and also the transactions and the sales revenue models have been improved immensely by these technologies. The market space, potential market and the targeted market have also been increased to a great extent by the introduction of the e-commerce into the business procedures of the organizations. The introduction of t his concept is also beneficial for the organization the market; it provides a competitive advantage to the organization over their business rivals. There has been a huge development of the e-business technology with a large number of companies adopting this procedures and also new business are rising up in these sector. Online retail companies such as Flipkart, Snapdeal and Amazon have had a great advantage due this concept. In addition, to his the local business has also invested in the e-business methods (McElheran, 2015). There has been a growth in the delivery services by the organization that helps the business to reach to the doorsteps of the customers enabling the satisfaction of the customers with a growth in the business and the revenue departments of the organization. In addition to the development of the e-business the future of this prospect seems to be great with newer concept in this field are being implemented regular. A great instance of this concept being used being used for the business by the organization is the local restaurants looking to adopt these concepts and proving the online food services to the customers and also there has also been introduction of the concepts like online cab booking services that has seen the growth of the e-business and have provided great prospects for the future. Comparison and explanation of various types of e-business infrastructure technologies, business models and payment and security system in a corporate setting There are various types of business models that the companies in the market follow. The various type of business models are: B2B: The B2B model is the Business to business model (Grant et al., 2014). In this type of model the businesses conduct the business directly with the other businesses with no involvement of other mediators in between them. B2C: The B2C model is the Business to Customer model that enables the organizations to conduct business directly with the customers. C2C: The C2C is the consumer to consumer business that is conducted directly from the consumers to the other consumers. Now there has been deployment of the e-business in these business models and the e-business infrastructure is formed. In the B2C models firstly there are the community providers. The organizations such as Facebook, twitter, LinkedIn and Pintrest provide these platforms. The social media networks provide a platform for the people to communicate with others (Rashidirad, Soltani Salimain, 2014). However, this also provides a genuine platform for the businesses to perform various strategies of their businesses. The business would be able to display their products in front of a large community. This would allow them to gather a large audience without much of an effort. The organizations would be able to share content with the potential customers and also would be able to perform the advertisement activities for the company very efficiently. Next are the content providers that help the organizations to display their digital content on the web. The organizations are able to produce a great deal of advertisement for their consumers via the emails and the different website that the people visit. They also i nvolve procedures such as subscriptions for the generation of revenue for the companies (Loukis Charalabidis, 2013). A very general example of this would be the online music services provided by the different organizations for the consumers. They utilize the business by generating the revenues from the products of the company by the using the methods of pay per view and subscription of their channels. Next in the B2C models are the portal services that are adopted by the companies that help them to search the packages of content and services. The main source of revenue in this type of model are advertising, referral activities and also from the transaction revenue. In addition to this, there are the transaction brokers that charge money both forms the businesses and the consumers. The main industries that use these models are financial services, travel services and job placement services. The B2B model also consists of the Service providers that charge their customers for the servi ces that they are providing such as Google. It provides the map and mail services to their consumers. Next come the B2B model and the type of business infrastructure that are prevalent in these type of model are: E-distributors, E-procurement, Exchanges and Private Industrial networks. E-distributors are the version of the wholesale and the retail stores that provides the goods to the doorsteps of the customers. The E-procurements are the organization that creates the digital market where the business can participate to exchange the gods for the company. In addition to this, there are the private industrial networks that constitutes of 75% of all the B2B expenditures. Next is the C2C business model in which the concepts have been introduced. The organizations such as Ebay provide a platform in between two consumers that would help them to perform the online buying and selling procedures. In addition to the business models there are different types of security and payment systems for the e-commerce businesses. There has been implementation of newer technologies that provide efficient security for the e-commerce businesses. In addition to this the organizations are to follow the policies and procedures of the company during the implementation of the e-commerce. In addition to this, they should also follow the industrial and the government standards. The online system for the businesses involves a lot of data and hence, an efficient amount of data integration for the systems is required and it is provided efficiently by the e-commerce in the businesses. They make use of the cryptography techniques for conducting the businesses (Malhotra, 2014). They make use of the private key and the public keys for the transaction procedures. The systems use various kinds of transaction procedures. All these transactions are secured efficiently. The business transactions and the payme nt methods involve different type of procedures. Firstly, they have the online credit transactions where the consumer has online wallets and pays for the product or the service by the online credit. In addition to this, there are systems such as cash on delivery and also prepaid payment system by which the consumer pays to the businesses. The various type of example of the payment option for the consumers is PayPal, Amazon Payments and Bill Me Later. Evaluation of the impact of e-business strategies on organizational process and outcomes The e-business has had a major impact on the organizational procedures of the companies. The web sites, mobile sites and the development in the mobile apps have helped in the development of the e-businesses for the companies (Humphreys, Fynes Wiengarten, 2014). The organizations can now reach out to the customers via the websites, mobile sites and the mobile application. In addition to this the companies can develop their private website and also retail website from where the consumer can have easy access to the products of the company. The companies also offer the sites for the mobile versions and also in the mobile applications. The customers also have the accessibility to the products very easily. The e-business strategies also change the organizational procedures for the business and helps in modifying them. The vision of the e-commerce presence includes the mission statements, targeted audience, intended market, analysis of the strategies and also the marketing mix for the orga nization. They also modify the development timeline and the preliminary budgets. There has been huge change in the business models for the companies and also in the revenue models of the company. The target audience are also addressed differently by the company due to this kind of development within the organization. They also help in the research and the market analysis procedures and help the company in developing their products according to the need of the market (Zhu et al., 2015). Hey have also changed the procedures by which the milestones for any type of project are developed and the costs of the system are also reduced to a great extent by the implementation of the e-commerce procedures. They have also changed the procedures of SWOT analysis that were performed earlier by the companies. Due to these type of development in the business the business have gained a great deal in their stature. The businesses have developed a clear understanding of the business objectives and als o they are having better knowledge on how to choose the right technology and implement them in their businesses (Cassidy, 2016). This has also helped the customers of the company in a great way. The accessibility for the users have become easier and also the products have become easily customizable by the consumers and this in return have helped the companies a great deal in improving the efficiency in their businesses. Technical research skills to assess existing and emerging e-businesses There has been a huge development in the web development technologies and also in the network technologies. The websites such as YouTube and Vimeo provide great opportunities for the organizations to perform the procedures of marketing and advertisements (Chi, Zhao George, 2015). They provide a great platform as a great number people access these websites and also they have a great number of audiences and hence, these technique is very helpful and effective for the companies the conduct their business and achieve great success. In addition to this, according to reports it has been found that almost 75% of the total population of the United states have access to the internet and hence, this a great platform for anyone to display their potential and in case of the businesses it would be a perfect platform to display their products. The companies would also be able to study the behaviour of the consumer form their online activities and the internet and the web services would be able to provide the companies with ample amount of scope to perform extensive research on the market and also on their targeted audiences. They can do this easily by accessing the profiles of the consumers on different websites and social networking sites and by reading the blogs that are posted by them. They would also be able to gain various type of information about their competitors in the market. The companies would be able to plan their approach for the development of their business plan and hence, the technologies would help the business in increasing the overall efficiency of their procedures. In addition to this the trend of the e-business has been increasing with the increase in the technologies for the businesses (Rezaei, Chiew Lee, 2014). There have been various kinds of innovations that are performed by the business to help in the improvement of their businesses. There has been newer sectors for the businesses in which have evolved due to the emergence of the e-businesses. Th e sectors such as the food industry, the retail industry have been the main businesses that have adopted these procedures and have increased the efficiency of their businesses. There has also been evolution of businesses such the cab booking system and the online grocery system. This type of system has been the latest evolution that has taken place in the past few years in the world. Ability to work independently and contribute as a team member employing the appropriate interpersonal, professional and technical communication skills The business policies and the business practices for the companies have evolved in the past few years. Various type of technologies have come up lately that would be helping the business to take their operations online. The marketing procedures for the businesses have been aided by the advancement in the in the field of social, mobile and local marketing. The marketing concepts for the organizations to conduct the businesses have also changed in the past few years (Chen et al., 2013). One of the very famous instance do the social marketing is facebook. Facebook is one of the most important and leading companies in the field of social marketing. The companies can produce their product in front of large audience and hence, this would be providing them with a huge platform to perform their marketing and advertisement procedures. The new technologies generally involve new concepts of marketing that have gradually evolved with the evolution of the technologies. The new concepts involve co nversations and engagement with the customers of the product. The companies have grown the concepts of having strong ties in between the customers and the organization. From reports it has been found that the social network sites have 90% visits from the business companies. The companies follow various steps in social marketing that are also applicable in the local and the mobile marketing. The companies generally create a page for themselves and engage people with their posts. After they have gained a certain amount of followers they start the advertisement of their products. The social media marketing also helps the companies in the analysis of the market and helps in the evaluation of the target market for the product of the company (Van der Wee et al., 2015). In addition to Facebook there are other platforms such as Twitter, Pintrest, and LinkedIn. The social media marketing is responsible for the maximum amount of advertisement and this is followed by the TV ads and the newspap er ads. In addition to this, there are the mobile marketing has also evolved in the past few years. It is estimated that the average population spends about 3 hours daily on the mobile and hence, this is one of the great platform for the companies to perform their marketing operations (Aithal, 2015). Hence the companies have developed apps via which they reach out to their customers. In addition to this the applications are also used for the marketing purposes where the users are required to purchase products form the company in order o complete some of the tasks in the applications. Legal, ethical, social and cultural issues that affect the use, design and implementation of the e-business system There has been a huge development in the online retail and services. These types of businesses have gained a huge amount of ground in the last few years. The retail mobile commerce has expanded in the recent times. The businesses have also been helped by the big data analytics and the other techniques that have emerged in the last few years. The online retail industry accounts for about 17.8 trillions of the total economy for United States. The retail companies have seven segments of goods that they offer for the customers. The retail companies have also grown their business due to the increasing amount of satisfaction among the different sectors of the population (Cherian Kumaran, 2016). The retail companies provide a large variety of products to their customers and hence the products are available for each and every sector of the buyers and also the buyers are able to compare the budgets and are able to select the products according to the available budget to them. In addition to this, the customers are also able to customize their selection and the product searching for the customers are also very efficient. Due to this increasing amount of satisfaction in the customers there has been a huge increase in the position of the companies in the retail industry. The Amazon Company is one of the largest retail businesses in the world. They have their business spread worldwide and attract a wide range of customers for their business. In addition to this, it has been reported that the company have had 92 billion dollars of sales in the year 2015. The company have also introduced new sectors to their businesses such as the Amazon Web Services and the Amazon Prime Services (Wymr Regan, 2013). In addition to this, there are many versions of the retail services. They are the virtual merchant, the omni-channel, the catalogue merchants and the manufacturer-direct. 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