...Effects of Internet on Business STRATEGIC MANAGEMENT AND POLICY (BUSN 4415) MW: 9:30-10:45 Table Of Contents Pg. History: 3 Abilities: 5 Features: 5 Effects: 8 Conclusion: 11 History We have came accustomed to the technology of today but what did people do hundreds of years ago? I don’t think the world was ready for what was about to happen in early 1960s. During that time things happened that you could say changed the world. I’m going to give you a brief background on the Internet “The Internet was the result of some visionary thinking by people in the early 1960s who saw great potential value in allowing computers to share information on research and development in scientific and military fields. J.C.R. Licklider of MIT first proposed a global network of computers in 1962, and moved over to the Defense Advanced Research Projects Agency (DARPA) in late 1962 to head the work to develop it. Leonard Kleinrock of MIT and later UCLA developed the theory of packet switching, which was to form the basis of Internet connections. Lawrence Roberts of MIT connected a Massachusetts computer with a California computer in 1965 over dial-up telephone lines. It showed the feasibility of wide area networking, but also showed that the telephone line's circuit switching was inadequate. Kleinrock's packet switching theory was confirmed. Roberts moved over to DARPA in 1966 and developed his plan for ARPANET. These visionaries...
Words: 2044 - Pages: 9
...PACIFIC INTERNET USE FOR BUSINESS DEVELOPMENT AN INTRODUCTORY SET OF TRAINING MODULES FOR POLICYMAKERS UNITED NATIONS Bangkok 2007 INTERNET USE FOR BUSINESS DEVELOPMENT AN INTRODUCTORY SET OF TRAINING MODULES FOR POLICYMAKERS United Nations publication Copyright © United Nations 2007 All rights reserved Manufactured in Thailand The designations employed and the presentation of the material in this publication do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. The views expressed do not necessarily represent the decisions or the stated policy of the United Nations. Mention of firm names and commercial products does not imply the endorsement of the United Nations. This publication has been issued without formal editing. ii PREFACE The role of small and medium-sized enterprises (SMEs) in national competitiveness and development, as well as in generating jobs and revenues for countless citizens, is well documented. Their meaningful and useful access to Information and Communications Technologies (ICT), particularly the Internet, will significantly enhance this critical role and will drive demand for and innovation in the ICT sector even more. This set of training modules was therefore developed to serve as a policymaking reference on Internet Use for...
Words: 27227 - Pages: 109
...evaluating the use of the Internet as a business tool for your organization. 1. Introduction The internet has had a phenomenal impact on how businesses worldwide operate and the Zimbabwe Energy Regulatory Authority (ZERA) has not been an exception. Though the superhighway has some potholes nevertheless it has enabled ZERA to fulfil its mandate and as a result the internet is now an indispensable tool. ZERA is an energy regulator formed in 2012 by an Act of Parliament and mandated to regulate the energy industry through the issuance of licences to players in the energy sector, offer advice on energy to government and do research on energy technologies among other roles. Several researchers such as Lane et al., (2004); Pare (2002); Darley (2003) and Rwigema and Venter (2004) argue that the Internet has transformed the way in which business is done in the following ways: It (i) transcends the boundaries of time and space allowing business to be conducted at any and all the time in any and all locations across the world; (ii) allows penetration of global markets without incurring logistical costs of access; (iii) allows organizations to offer their products and services in different locations without having to set up separate sales infrastructure in each location; (iv) allows small businesses to compete more effectively with big businesses; and (v) allows buyers and sellers to communicate and connect and reduces transactions and information costs. Internet tools used by ZERA...
Words: 1251 - Pages: 6
...1. Select a product you are currently interested in buying (either consumer or business-to-business) and use the Internet to make your decision. You may stop short of actually buying the product. Write a summary of your experience and include the various stages of the consumer buying process, the Web site components and other key terms and concepts covered in the reading in your text. Be sure to include your references. Buyers will typically go through various stages to make the decision to purchase. These stages occur in varying degrees depending on the complexity of the purchase and the buyer's behavior. With the rise of the Internet, it has never been easier for buyers to research their purchase. Make sure your small business is in the game by providing educational material on your website. After research is completed, the customer will evaluate all the available options. Options include but not limited to wanted features, pricing, and company credibility. This is the moment when the customer makes his decision to purchase or not. 2. Strictly from memory, write down six commercials or ads you remember seeing recently. What do you remember about them? Do you remember what they were advertising? Did you have an emotional response to any of them? Would they cause you to purchase the product? Write a paragraph or two about each one. 1. McDonald’s Filet of Fish commercial – I don’t remember anything about the commercial except for the jingle. “Give me that fish…” I know...
Words: 908 - Pages: 4
...WHAT IS THE IMPACT OF THE INTERNET ON INTERNATIONAL BUSINESS? WHICH COUNTRY WILL GAIN AS INTERNATIONAL BUSINESS THRIVE ON WWW? 1.0 EXECUTIVE SUMMARY Internet enhance migrate businesses to drive globally. Internet impacts on international businesses are huge. This study will conduct the positive and negative factors impacting international businesses. Internet effects the businesses in positive and negative sight. Internet usage in the world is migrate users to save cost of travel, fast communication and expand business market globally. Internet disadvantages are created by irresponsible users. Internet disadvantages explanation are about malwares, spamming, identity theft and unable to solve conflicts. This study examines the impact of the internet on international businesses. The findings concerns on the country that will gain as international business thrive on World Wide Web (WWW). 2.0 INTRODUCTION International business is playing a huge role in today’s economy. Everyone is taking part in international business. Larger and smaller businesses become global businesses. Business transaction between two parties from various countries is known as international business. Every day dramatic changes are happening in international business world. Export and import of goods and services, international investments, licencing, franchising and management contracts are some kind of international business activities. In addition, an organization that participates in cross-border...
Words: 6730 - Pages: 27
...ABSTRACT Internet based computing can be depicted as simply a computer that interacts with other computing devices via the Internet. (McNurlin & Sprague, 2009). In today’s scenario Internet has become "central nervous system of the world." Its global connectivity feature at low cost and being a user friendly has made e-business possible for everyone. The Internet with its information and communication power has enabled business to connect and maintain strong relations with customers and all other related parties. The Internet has transformed how many people do business and continues to grow at an astounding rate (Larry Kesslin, President, Let's Talk Business Network). Beginning of Internet Era in business Since the mid-1990s, the Internet has had a revolutionary impact on culture and commerce (Wikipedia). Existing enterprises went through stages of deployment of the Internet, most of which had minimal impact on their work. Simply put, between 1994 and 1998, managers went through a period of discovery, creating their first Web sites, populating them with information about their firms, products, and services, and providing contact information. Initially, it started with providing information about company’s products on Internet, the look and feel of which mirrored the printed brochures of the 1980’s and early 1990’s. The range of possible uses of the Internet in the business expanded all through the 1990s and the early 2000s as the technology evolved and became capable...
Words: 1272 - Pages: 6
...The internet is the single most important technological advancement to take place during my lifetime and now is such an integral part of our daily lives we can not even imagine living without. The technology used to access the World Wide Web continually evolves and advances at unprecedented rates. The tools and gadgets we use to access the internet improve continuously and by the time we purchase the latest internet technology tool, a newer and faster version has already been developed and released on the market. The internet has become an integral part of the daily routines and operations of businesses worldwide. As businesses grow and expand based on the use of internet technologies, there are considerations that need to be made based on the infrastructure of the internet and employees use of computers. This paper will focus on those considerations of internet technologies and take a look at the vulnerabilities and lost production businesses are susceptible to with online operations and what is needed overcome and minimize these vulnerabilities and losses. Before the term internet existed a group of scientists and engineers for the U.S. Department of Defense transferred the first packets of data in the late 1960’s. Over the following two decades the speed and reliability increased as more universities and government researchers joined the network. In 1990, the U.S. Department of Defense ended its support of the internet when congress passed the Gore Bill handing control...
Words: 2406 - Pages: 10
...Internet and it’s Affect on Business Capella University Technology has been able to provide advancements in quality of life across the world. One of the biggest forms of technology is the use of the internet in a variety of different business sectors. One of the fastest growing forms of Internet use revolves around online schooling. The result is not only because of the access of the Internet, but the vast amount of resources now available just a click away. Online schooling provides several advantages and disadvantages, but the new opportunities afforded due to the change are winning out. The growth of attending online school is becoming popular by both the students and the institutions because money talks; attending and producing an online learning environment are cheaper than running and attending a traditional college or university. The school does not have to pay for the space because everything is attended to online. In addition, the instructors do not have to be responsible for creating their own teaching material; this material can be shared among like classes (Chaffee, 2011). The online environment also opens up doors for a different type of teaching. No longer is the tenured professor the person in demand, now anyone with the correct education can be considered for an adjunct instructor position. This change from professor to instructor means a decrease in operating costs for the school. The economy is making the balance of work and life much harder. Being a...
Words: 2157 - Pages: 9
...The Impact of the Internet on International Business Internet is a computer network interconnected globally and it offers inexpensive tools for business and marketing activities of organizations such as advertising, receiving and placing the orders, promoting the products and services the most important advantage is communicating with their customers all over the world. Some of these Internet tools are: e-mail, mailing list, newsgroup and World Wide Web (WWW). When analyzing the Internet's effect on the global market, it is important to remember that the Internet carries information as well as commerce. The effects of instant information can be as powerful as the ability to reach a worldwide audience. But small business still needs to carefully examine the effects of the Internet on international markets to understand whether or not an online presence is the right move. Internet is a valuable tool to reach global marketplace for an international marketing goal. If a company has website it is a success key to achieve the international market Some companies are using the Internet to make direct connections with their customers for the first time. Others are using secure Internet connections to intensify relations with some of their trading partners, and using the Internet’s reach and ubiquity to request quotes or sell off perishable stocks of goods or services by auction. Entirely new companies and business models are emerging in industries ranging from chemicals to road...
Words: 1556 - Pages: 7
...opportunities to the business of using internet marketing Data Collection Every time a customer transacts with the company online, that transaction is captured. The firm can use this data in a number of ways. Firstly information can be analysed to find out most popular products/services sold. Secondly the data can be used to assist in segmenting their customers, profiling them and sending customers promotional material based on past buying habits. There has been much controversy over the amount of information that is being collected online by various companies’ in particular social networking sites and whether customers should be able to give out of that information being shared to third party users. Personalisation of the Web Experience When customers log into their accounts businesses can make their web experience almost unique. From offering special offers to that particular customer, offering add on to their recent purchase, much like Argos.com does, or by allowing the customer to personalise their own products, like Nike does with their trainers . Personalisation allows the firm to form stronger bonds online with customers and form long term online relationships ensuring customers come back regularly. Businesses like Argos might use these details to recommend some items that may or may not be bought but they can use this information. Competitor Analysis The internet allows businesses to analyse their competitor’s online strategy. A business can keep track of new...
Words: 1084 - Pages: 5
...border="10"> <tr > <th colspan="2">Football teams</th> <tr> <td>This cell contains a list football teams </th> <ol> <li>Manchester United</li> <li>Chelsea</li> <li>Arsenal</li> <li>Manchester City </li> </ol> </td> <td>Manchester United is the best team in the world</td> </tr> </table> Draw a diagram showing the page produced by the above HTML code: Cherry: E-business concepts and Implications. 1. Explain the relationship between the concepts of e-commerce and e-business. Answer: E-commerce is generally understood to be a sub-set of e-business. E-commerce refers to financial and non-financial transactions between organizations. These transactions are often considered in the context of a supplier organization distributing and selling its product to consumers. E-business includes transactions from a buy-side and sell-side e-commerce perspective and also the use of communications technology to improve internal process efficiencies. 2. Distinguish between buy-side and sell-side e-commerce and give an example of the application of each. Answer: Buy-side e-commerce refers to electronic transactions concerned with the purchase and inbound logistics of goods such as a supermarket coordinating purchases from its suppliers. Sell-side ecommerce concerns transactions related to the sale and distribution of...
Words: 842 - Pages: 4
...Business Models for Internet Based E-Commerce B Mahadevan Introduction The meteoric growth of Internet based E-commerce at the turn of the last century is truly baffling. During the last one decade, this market space has grown in several directions. In its first generation, it saw the emergence of portals and search engines. However, in due course more and more organisations began to cater to the Business to Customer (B2C) market. In the last two years, there is significant growth in the Business to Business (B2B) segment. As several organisations began to operate in the Internet market space, they innovated unique propositions to create value in the process. These were either not found or difficult to replicate in the traditional brick and mortar operation. This course will help the students understand these unique propositions in a unified framework. The framework is collectively referred to as "Business Models". An Internet based business has several dimensions: · · · · the technology aspect primarily comprising of telecommunication, networking and other infrastructure issues the software domain that includes programming languages, web page design, customer interface and transactions management, security and privacy management, and large scale data mining the management aspect that deals with the business strategies for value creation, growth and customer development and retention the statutory and legal dimension that addresses various cyber laws dealing with security...
Words: 1943 - Pages: 8
...Influence of Internet and E-commerce in international business Introduction: Commencing from 20th century, enormous use of Internet was witnesses in all the fields with a major impact on international business. Although the Internet and web 2.0 serve as improving trend of economy and business, there is negligible research done to advocate their impacts on international business and marketing (Urban, 2003). The present literature review essay is an attempt to address the gap of existing literature whereby necessary recommendations can be made to improve use of technology in business. For the purpose of this essay, extant literatures in the fields of international business, technology, science, marketing and e-commerce have been studied and reviewed. Research objective: To serve the purpose of the literature review, investigation of Internet and e-commerce over international business processes is performed with the primary research objective as the consequence of Internet on international business. Research questions: In order to study research objective, a set of research questions have been devised upon which a review is presented in the following essay. The research questions devised are: • Influence of Internet in international business. • Consequences of Internet on international entrepreneurship. • Impact of web 2.0 on international business processes. • Influence of e-commerce in international business Literature...
Words: 2242 - Pages: 9
...Introduction to Management | Internet Business Models – A Case Study. | Nicole Fearon | user 5/3/2012 | Contents Question 3 Approach 3 The Case (Taken from TTFI.net Article) 4 Case Analysis 5 Business, Industry and Government Reviews 7 SWOT Analysis 7 Analysis Summary 8 Porters Five Forces Model 9 Porter’s Diamond Model 11 Demand Conditions 12 Related and Supporting Industries (collaborative industries) 12 Firm Strategy, Structure and Rivalry 12 Role of Government 13 Interconnectedness, Complexity and Business Models 15 Challenges and Strategies 15 External 16 Internal Strategies 17 Summary 19 Reference 20 Question Select one of the themes listed at the end of this table and undertake further research to prepare a paper outlining the key developments in the area. Your paper should contain references from a minimum of 15 sources, which should be clearly identified in a table of references or bibliography. You should also indicate the implications of your study for organizations in the Caribbean and provide recommendations for the adoption of strategies to address the challenges. Themes • Evolution of Management in the Caribbean • Managing in an Interconnected World • Managing the 21st Century Workforce • Use of ICT in Small and Medium Sized Business • Ethical Issues for Managerial Decision Making Approach Information and Communications Technology is a wide topic that can follow many paths. The focus for this...
Words: 5486 - Pages: 22
...Starting an Internet business sometimes troublesome and complicated on first glance but actually it is easy as pie! Here are some tips on starting internet business that can simply done in your home computer! Define what are you going to sell and what is the suitable website You have to make sure on what are you going to sell. Is it music instrument? Headphone? Article? You have to make guidelines and if necessary, the business canvas first. If you are confused about how to make a business canvas or deciding what to choose just find it on this blog Find best way for payment method There are many payment methods that can be used in internet business nowadays, such as paypal, moneybookers, wire transfer and such but what is the most effective one? In our opinion, you should make a paypal account. The reason we tell this because paypal is widely used worldwide and updates their security regularly. Another payment that might be used is moneybookers. They use less money if you transfer funds using moneybooker but they are not widely acceptable. Differentiate! Make it different After we find out what to sell or make and the best payment method, now lets focus on the product and service that we have. To make our business successful, we have to make our product as unique and as “shiny” as possible. Make the product different! That is the key, to make this clear lets take a look at one of the business in Indonesia called Keripik Maicih. Maicih is a spicy cracker that...
Words: 485 - Pages: 2
