The Internet Revolution
Now, with the click of a button, consumers are buying just about anything imaginable, and all from the convenience of the internet. People no longer have to leave their homes, work or where ever there is internet access to make important purchases. Technology has advanced so that companies are conducting business around the world with out ever meeting. No longer do consumers or businessmen have to shake to complete a deal or a sale, but merely click down on the mouse and the numbers change. Some internet companies have never seen their customers and yet some traditional retailers have not yet acknowledged the internet. However, 'convergence is the new religion ('The Real…'; 53).'; Big companies are changing the business world as we see it through the internet. June 1, Merrill Lynch announced it was joining the internet revolution and would begin selling stocks for $29.95 a trade (Cropper 60). A division of the Sabre Holdings Company of Fort Worth, Texas and Preview Travel, an exclusive partner of America Online, announced they were both merging to form one of the nations largest internet commerce sites with an expected revenue of nearly one billion dollars (Jones C-7). Companies are merging and joining the internet all out of the internet revolution craze. The internet is revolutionizing the way the world is doing business through faster, easier and more direct consumer access to their desired companies.
Of course, such direct contact to these companies means that the 'middleman'; is often eliminated. People like accountants, travel agents and stockbrokers are all ending up with commissions being cut and even losing their jobs. 'My commission was first cut from 10% to 8% and now to 5% on plane tickets. People are now buying their tickets online. Its much easier than going to travel agency (Halbert, intrv). People can also manage their money from home with on-line banking, which is now offered by many banks, which also eliminates the need for an accountant. Companies like E-trade and Ameritrade are taking the jobs away from stock brokers by offering $8 trades on-line as well. All these transactions eliminate jobs and are dangerous too. 'Most online purchases today are completed with out a customers actual signature (Swisher R-22).'; This means that anyone with access to a credit card number can make a purchase with the ho...
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...hat hardware, software, and data resources could be shared conveniently and economically by a wide community of users.
Appendix
Graph 1
Source: Encyclopedia of Computer Science and Engineering
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The Internet is the future of business. Bring your company up-to-date and provide customers, not only with product descriptions and information, but with a way to shop, communicate and interact with your company via the web. The Internet also provides less chance for human error in the ordering process because fewer individuals have to handle information. And, most importantly, the Internet speeds up operations, whether it is use for sending information to employees or receiving custom orders from customers.
7.Gregory Wester, Stephen Franco. The Internet Shakeout 1996. Interactive Commerce Research Bulletin. the Yankee Group, Boston, MA. December 1995
In 1994, Internet commerce (e-commerce) was miniscule. One day in the spring of 1994, Bezos who was already crazy about computers observed that Internet usage was increasing geometrically and more and more people were getting excited about its astounding commercial possibilities. A few inventors were already trying to make use of the new technology. Bezos saw an opportunity for a new sphere of commerce, and immediately began considering the possibilities. The thought foremost in his mind: "What is it that users cannot get easily offline that will sell online?"
When the internet first made an appearance in the business world, outside of government and military use, the term dot.com was introduced. The technical term “.com” is defined as a suffix used to describe a company that uses the internet as a primary or only marketplace for transfer of goods and services. It was being used as a suffix to the several existing web addresses. It only took a few months for .com websites to become the dominant form of business transaction (Simpson & Simons, 1998). The phenomenon behind this story lies in the rapid rise and fall of the dot.com companies and the players, events, and mindsets that accompanied the bubble boom and bust (Simpson & Simons, 1998).
The presence on the internet is basically about shifting the thoughts of the former business world. It is no longer true that in order to conduct big business, you must be a big business. The internet has virtually evened the playing field in the small vs. big business arena; however, the marketplace is still an increasingly complex division where positioning is key to standing out from the crowd.
Businesses are using technology to buy, track, sell, and move their products from places all over the world. In this same way Not Your Average Ice Cream Shop uses phones to easily communicate and let customers know how many more people can come into the bar before it meets capacity. Cash registers are used to hold and keep track of all the money. Laptops are used to buy, move, and sell inventory, as well as track expenses, profit, and employee income. This can all be done easily through a vertical software applications that are made specifically for our type of business. Not Your Average Ice Cream Shop uses technology for guest entertainment as well. For example on weekends a DJ will be hired to use our wide range of sound equipment and laser light effects. Not Your Average Ice Cream Shop also uses technology such as headsets to keep our employees informed, coordinated, and in-check with management and with customers. This allows easy communication between all employees and keeps everyone on the same page. We can even keep track of our customers on social media, make events more public, and even create an app that can show special offers and
The Internet allows companies to increase and strengthen their presence on the market, offers possibilities for market development and increases sales, improves services for customers, allows companies to change a potential custo...
Kleiner, C., Lord, M. & Faber, L. (1999, November 22). The great term-paper buying caper. U.S. News & World Report, 127 (20), 63. Retrieved October 28, 2001 from LEXIS-NEXIS Academic Universe database.
Since its launch in the mid '90s, Dell's e-commerce business has been a poster child for the benefits of online sales, says Aberdeen Group analyst Kent Allen. The company's strategy of selling over the Internet -- with no retail outlets and no middleman -- has been as discussed, admired and imitated as any e-commerce model. Dell's online sales channel has proven so successful, says Allen that the computer industry must ask: "Does the consumer need to go to the store to buy a PC anymore?"
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Business today is inextricably intertwined with technology, from the smallest home office, to a multinational corporation with multiple monolithic legacy application. It is impossible to be in business today without confronting the issues of technology. The way we do business today is different than 30 years ago. Technology has evolved around the areas of telecommunication, travel, stock market, shipping even around our daily lives. E-commerce a system by which people can buy, sell and deal without even seeing the person on the other side has taken a front seat in improving the economy of countries around the world. Technology today has made it possible for monetary institutions to help locate the customers resources and help solve their problems at any given time through online banking. The Internet, a boon to all business, is playing a part of a catalyst; it links millions of customers to its suppliers and vice versa due to this, manufactures are able to cut the role of middlemen and are able to deal with the customers, giving them the ability for direct input from the customers about their choices and views of their product. The busi...
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