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Global effects of e-commerce on society
Advantages and disadvantages of the internet
Advantages and disadvantages of the internet
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Recommended: Global effects of e-commerce on society
Conclusion
Internet is the worldwide interconnection of individual networks operated by many people including government, industries and private parties. Almost everything is made possible through the internet including research, shopping, communication and teaching.
Among the many fields included, the Business has changed dramatically with the use of internet. In a matter of years the internet has consolidated itself as a very powerful platform that has changed the way people do business. The evolution in internet has made it possible for many businesses to globalize by giving the businesses a worldwide market for their products. Today, a business cannot be completed without its website giving a complete review of the business and its products.
The internet has made it possible for the business to do online marketing and selling their products online and ship them to their customer’s doorsteps. From a busy working schedule people do not find the time and energy to go shopping or go anyplace to get services. Thus studies show that many of the households are adopting the use of internet for shopping and other services.
Internet helps a business’s productivity and profitability. Effective use of the internet helps a business communicate more efficiently with customers and even attract new customers. Online networking sites such as discussion boards, social networking sites and chat rooms helps the business stay in contact with their customers. This reduces the cost of advertising through traditional postal mailing. Using Email, a business can send their links and catalogs for new products or even send special offers and announcements to their existing customers.
Internet business can be easy to set up. It only requires an inter...
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...entrepreneurs doing business through internet.
Internet reaching millions of people worldwide, staying ahead of the competition is essential. Since anyone can access the websites competitors will copy your ideas or products and sell at lower prices. This will eventually draw business away causing a loss on customer base.
Despite having its pros and consequences every business chooses to use internet for doing business. Entrepreneurs choose to create their own website either to provide information or clear review to promote their business over the internet, while others uses the internet to sell their products. In a world where internet is being used vastly every person depends search engines to get information. This is where businesses make its customer base. Internet has become an important aspect in everyday life for individuals as well as business and others.
In summary, “Internet activities are not most significant in competition, such as informing customers, processing transactions, and procuring inputs”. (Porter, 2001) significant corporate assets--skilled employees, proprietary product, and efficient logistical systems – these factors are the most important to keep competitive advantages. In fact, it is foreseeable that the Internet's evolution will come up in the future involve a shift “in thinking from e-business to business, from e-strategy to strategy”. (Porter, 2001)Only by integrating the Internet into overall strategy will this powerful new technology become an equally powerful force for competitive advantage.
In today's competing world, many organizations are rethinking their strategies in terms of the online business and its capabilities and culture. Organizations are taking advantage of the widespread web to buy and sell goods from other companies and recently from individual customers. Exploiting these opportunities of convenience, availability and widespread reach of the web or Internet, many companies such as Amazon have benefited from the use of web successfully.
Ten years ago, the Internet as we know it hit screens. It was 1995 when Explorer and Netscape emerged as the leading browsers for Internet users. Of course, a lot has changed since the days when it took several minutes to load one Web page. Today, URLs are as common as phone numbers for most businesses.
The Internet and international business is an interesting topic- discussing an area of business that will probably be around for many years and possibly centuries to come. Since its earliest days, the Internet has been a means of communication, an essential tool in almost instant communication.
Work and business relay strongly on the usage of internet. Sending and receiving mails, shopping online and advertising have change the way of business. In “Why the Internet is Important in Business,” Chris Blank (n.d) argues that every big and small businesses know the significance of creating a website and social media pages for the company. According to Blank (n.d) having a social media page or a website will increase the publicity of the business. For example, Old Spice is an old company and it needed to boost its sales; to do that they made crazy and funny advertising and posted them in YouTube and Twitter. After 7 month the company sales increased by 107 percent. Company sales increased tragically because YouTube is the wide media website and YouTubers like crazy and funny videos; with this, the view counts reached millions views per video, which led to increase the sales of Old Spice products. Relaying on the internet is now a major factor for a success of a company.
The Internet has changed the way people interact with each other and entertain themselves. It has changed the way business is done. It has also changed the way people date, commit crime, and interview for jobs, it has even changed health care, among many other things. Technology and the Internet are not going away and the need for people to adapt is prominent. Internet is so prominent in Management Information systems. There are Internet based information systems. These systems are important because they can improve company efficiency. These systems can house data with extreme efficiency. Internet based information systems leave the possibilities of efficiency unlimited. Technology is only going to expand farther and new ways to communicate digitally will be introduced into businesses. It has already altered the way we interact with one another, and consumers to suppliers.
The definition of the Internet put in one sentence is: A worldwide network of computer networks that use the TCP/IP network protocols to facilitate data transmission and exchange, where anyone with a computer can access the internet through an ISP (Internet Service Provider).
The Internet is rapidly becoming widespread and widely used as a tool for globalization across the world. As the Internet became more easily accessible by most people in the world, the web is bringing significant implications and changes to the way we live, including the way we shop. There is a rapid growth with e-commerce and moving businesses onto the web and retail success is no longer about stores and shopping centers. In developed countries, about two thirds of the population have access to the Internet making the option of online shopping is easily accessible to most people (Valerio). With the ease of shopping in your own home there are many benefits of doing your shopping online. Consumers can easily compare prices online, there is a larger range of products on the web, you can save time by having your shopping delivered right to your doorstep and it also overcomes physical barriers. Over the last decade online shopping has challenged and replaced the traditional means of physically going into shops as the digital world has provided customers with further convenience, flexibility and comfort from shopping from your own home.
Exploring The Internet The Internet is like a network of networks where any computer can link up to information stored within it. It is accessed by a telecommunications line and a modulator-demodulator (MODEM). It is brought to your computer screen by converting analogue telephone signals into digital computer signals. There are many advantages and disadvantages on the Internet.
The internet is a total of mediums which are connected between them with channels of communication. The internet is actually an internet after it connects to smaller networks of many countries. The internet rouses the computer and the world of the communications like nothing else before. The invention of the computer, of the telephone, of the telegraph etc, set the stage for this unprecedented completion of faculties. The internet becomes right away a world capable radio broadcast, a mechanism for the distribution of information and a means for the cooperation and the interaction between the individuals and their computers, being indifferent to the geographic place.
The Internet is a network of networks, linking computers to computers sharing the TCP/IP protocols. Each runs software to provide or "serve" information and/or to access and view information. The Internet is the transport vehicle for the information stored in files or documents on another computer. It can be compared to an international communications utility servicing computers. It is sometimes compared to a giant international plumbing system.
The Internet has become a key ingredient of strenuous and busy lifestyle. ‘Internet’ has become the central-hub for communication, explorations, connecting with people or for official purposes. Resultantly, Internet growth has led to a plethora of new developments, such as decreased margins for companies as consumers turn more and more to the internet to buy goods and demand the best prices.
Internet as part of the history is the most important invention around the world which connects people thru phones, satellites and cables. People all over the world have access to it as it is everyday usage, and internet becomes globally real and in demand. To mention here, the usage for permits technically for travelling or getting tickets are electronically through internet, paying bills, shopping thru nets without going out (just browsing), playing games, and mostly the merit of possibly downloading music and movies in no time (just a click).
The Internet is one of the greatest inventions of humanity. It is a massive network of computers, each with the ability to access any of the others. Ungodly amounts of information can be found on the Internet. It is the ultimate form of media, a combination of newspaper, radio, and as the average bandwidth is increasing, television. Using
growth in usage by both consumers and businesses. The unique capabilities of the Internet has captured the attention of the marketing community. While a growing number of companies have or are interested in developing an Internet presence, there is still a great deal of uncertainty about it and the potential ethical issues associated with its use as a marketing medium. Although many businesses are acknowledging the importance of a Web site, but the potential ethical issues related to marketing on the Internet still having an uncertainty in this situation. Much less attention has been given to the business community's perceptions of the ethicalness of this new medium. The unique interactivity of the Internet has captured the marketing community's interest as a way to develop and enhance customer relationships and establish greater brand identity. Thus, many commercial services have become available on the Internet that allow consumers and organizations to interact electronically. These services include booking airline tickets online, buying books and compact discs, and receiving stock market information. Although the number of consumer users and commercial organizations navigating on this "information superhighway" is growing almost exponentially, the benefits of the Internet are not without drawbacks.