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Disruptive Dynamics and Transformational Opportunities: An In-depth Exploration of E-commerce and Online Marketplaces


Author: Dr. Shanmugam Sundararajan*, Mr. Aliyu Mohammed
Faculty Members in Management Dept., Skyline University Nigeria.
Published Date: 2024-01-06
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Keywords: E-commerce, Disruption, Transformation, Qualitative Research, Policy Recommendations.
Abstract:
This research digs into the revolutionary environment of e-commerce and online marketplaces, illuminating disruptive forces and transformational potential in the digital domain. The study's goal is to thoroughly examine the influence of e-commerce on traditional company models, providing insights into strategic adaptation and innovation. The study recognizes the primary issue of little qualitative research in this sector, particularly in terms of e-commerce's localized consequences. It undertakes an exhaustive review of existing literature, theories, and concepts using a qualitative methodology. This approach fills a vacuum in the literature by giving qualitative insights on e-commerce's disruptive patterns and transformational potential. The key conclusions emphasize the disruptive role of technology, the transformation of supply systems, and changes in consumer behavior. It is advised that traditional firms embrace digital transformation, collaborate with e-commerce platforms, diversify revenue streams, and adapt to changing market dynamics. Policy proposals emphasize the significance of balanced laws that promote innovation while protecting consumers and maintaining fair competition. Policymakers should also prioritize digital literacy and cybersecurity measures. In conclusion, this study contributes to our understanding of e-commerce's transformative power, offering practical insights for businesses and policymakers. Navigating the evolving digital landscape requires adaptability, innovation, and a proactive approach to thrive in the era of e-commerce and online marketplaces.