| Expiry period |
Lifetime |
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| Made in |
English |
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| Last updated at |
Wed Oct 2024 |
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| Level |
Beginner |
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| Total lectures |
0 |
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| Total quizzes |
0 |
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| Total duration |
Hours |
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| Total enrolment |
0 |
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0 |
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| Short description |
Emerging modes of business refer to new and innovative ways of conducting business that have arisen in recent years, often driven by technological advancements and changing consumer preferences. These modes are reshaping the business landscape and presenting new opportunities and challenges for businesses.
Key Emerging Modes of Business:
E-commerce:
Online buying and selling of goods and services.
Includes online marketplaces, e-retailers, and online auctions.
Driven by the growth of the internet and mobile technology.
Social Media Marketing:
Using social media platforms to promote products and services.
Building brand awareness and engaging with customers.
Leveraging social media analytics to understand consumer behavior.
Freelancing and Gig Economy:
Independent workers offering their services on a project-by-project basis.
Popular in fields like writing, design, programming, and consulting.
Enabled by online platforms and digital tools.
Subscription-Based Models:
Offering products or services on a recurring subscription basis.
Examples include streaming services, software subscriptions, and meal kits.
Provides a predictable revenue stream and customer loyalty.
Blockchain Technology:
Decentralized digital ledger that records transactions securely.
Applications in finance, supply chain management, and healthcare.
Offers transparency, security, and efficiency.
Artificial Intelligence (AI) and Machine Learning:
Using AI and machine learning to automate tasks, personalize experiences, and make data-driven decisions.
Applications in customer service, marketing, and product development.
Challenges and Opportunities:
Competition: Intense competition from new entrants and established players.
Technological Advancements: Rapid technological changes can make it difficult to keep up.
Ethical Considerations: Addressing ethical concerns related to data privacy and consumer protection.
Regulatory Challenges: Navigating complex regulatory environments.
Opportunities: New markets, innovative products, and improved customer experiences.
In conclusion, emerging modes of business are transforming the way businesses operate and interact with customers. Understanding these trends is essential for businesses to remain competitive and adapt to the changing business landscape. |
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| Outcomes |
- Upon completing the Emerging Modes of Business topic in Class 11, students are expected to achieve several learning outcomes that enhance their understanding of new business practices and models. Here are the key learning outcomes: Learning Outcomes Understanding Emerging Modes Students will be able to define emerging modes of business and explain their significance in the current economic landscape. E-commerce Proficiency Students will understand the different types of e-commerce (B2B, B2C, C2C) and their implications for businesses and consumers. Digital Marketing Insights Students will be able to identify and describe various digital marketing strategies, including social media marketing, SEO, content marketing, and email marketing. Social Enterprises Awareness Students will recognize the concept of social enterprises and understand their role in addressing social and environmental issues while achieving financial sustainability. Franchising Knowledge Students will explain the franchising business model, including its benefits and challenges for both franchisors and franchisees. Globalization Impact Analysis Students will analyze the effects of globalization on business operations, including opportunities and challenges in international markets. Innovative Business Models Students will explore innovative business models such as subscription services, gig economy platforms, and crowdfunding, understanding their characteristics and applications. Sustainability in Business Students will appreciate the importance of sustainability in business practices and corporate social responsibility (CSR), recognizing their impact on society and the environment. Future Business Trends Students will identify and discuss emerging trends and technologies that are shaping the future of business, such as artificial intelligence, blockchain, and the rise of remote work. Critical Thinking and Problem-Solving Skills Students will enhance their critical thinking and problem-solving abilities by evaluating case studies and developing strategies for leveraging emerging business modes. Effective Communication Skills Students will improve their communication skills through group discussions, presentations, and collaborative projects related to emerging business practices. Preparation for Future Studies and Careers Students will be equipped with foundational knowledge that prepares them for further studies in business, entrepreneurship, and related fields, as well as future career opportunities. Conclusion These learning outcomes ensure that students gain a comprehensive understanding of the emerging modes of business that are transforming the commercial landscape. By exploring various business models, technologies, and practices, students will develop essential knowledge and skills relevant in today’s dynamic economy.
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| Requirements |
- Studying emerging modes of business in Class 11 is essential for several reasons: 1. Foundational Knowledge: Business Landscape: It provides a comprehensive understanding of the latest trends and innovations in the business world. Economic Importance: It helps students recognize the impact of these trends on the economy. 2. Career Preparation: Future-Proof Skills: Knowledge of emerging modes of business equips students with future-proof skills. Entrepreneurial Opportunities: It can inspire students to explore entrepreneurial ventures in these areas. 3. Economic Literacy: Market Dynamics: Understanding emerging modes of business helps analyze market dynamics and economic trends. Industry Structure: It provides insights into the changing structure of industries. 4. Technological Proficiency: Digital Literacy: Knowledge of emerging technologies is essential for digital literacy. Adaptability: It helps individuals adapt to the rapidly changing technological landscape. 5. Global Perspective: International Business: Many emerging modes of business have a global reach. Cultural Differences: Understanding these trends helps appreciate cultural differences in business practices. 6. Critical Thinking: Innovation: Studying emerging modes of business encourages critical thinking and innovation. Problem-Solving: It helps individuals analyze complex problems and find innovative solutions. In conclusion, studying emerging modes of business in Class 11 provides students with a valuable foundation for understanding the modern business world. It equips them with the knowledge and skills necessary for future career success, economic literacy, and a global perspective.
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