This website uses cookies to ensure you have the best experience. Learn more

Business And The Internet Essay

720 words - 3 pages

The past several years have marked a time which is comparable to the coming of television and the radio. The Internet has grown from a simple way to send messages to and from two different computers with different operating systems, known as the beginning of E-Mail, to a way to sell and buy products just like in the tangible world. This article explains that the Internet or Web must be reckoned in dog years, because the pace of change is so fast that one year on the Internet is like seven years in any other medium. Fifteen million households connected to the 'Net' can be a large market for any business willing and ready to scoop it up. By the year 2000, the projection is that North America will have 38 million online households, one third of all households.The reasoning, or thesis, of the article is the question of whether the Web should be used for information purposes, or for a new marketplace in this expanding goldmine of information.The potential for businesses is enormous. Fifteen million people is a very large consumer marketplace. Consumers are not the only ones 'surfing' around for info. Businesses also focus on other companies to sell their products. General Electric sold machine and appliance parts using a new business to business technology called 'extranet'. GE used its successful 'extranet' to roll in 1996 online sales of one billion dollars. Another very successful type of business on the net is the coming of services backed by research, such as discount stock trading, including e.Schwab and a Web-only company called E*Trade. Travel services have been very promising because the transactions can be supported by extensive computer databases of useful information.The Web is particularly effective at selling services backed by research. The reasoning behind the financial services taking up the Web is the fact that they are backed up by extensive research.The main worry with the Web and its growth is the concern of false information and crackpot theories masquerading as facts. The Web is flooded with many different kinds of businesses and 'personal' Web pages which...

Find Another Essay On Business and the Internet

The impact of the internet, intranet and extranet on business

5485 words - 22 pages 1. INTRODUCTIONThe Internet has taken the business community by storm since the early 1990s. When the community realised the potentiality of the Internet they hailed it as the most transforming invention in history. It has the ability to completely change the way business is being done. And, it is doing so at a feverish pace, turning business upside down and inside out (The Economist 1999).Information Technology (IT) experts went on to use the

internet Privacy and business ethics Essay

2637 words - 11 pages the causes of invasion of privacy over the internet, Section 3 outlines some of the practices of business and government using the Internet and the legal implications, Section 4 contains a discussion of the ethical issues of the practices described in Section 3, and Section 5 summarizes the discussion.BACKGROUNDThe Internet is the global Web of linked networks and computers, so its nature is such that it is very difficult if not impossible, to

Business Use of the Internet

1525 words - 6 pages hackers. Using the internet to send email is now common place within the business world. “There are 144.8 billion emails sent daily around the globe, but only 14% of these are deemed important” (2012, Text based documents are sent instantly within an organisation or to a company on the other side of the globe. This is much quicker than posting it in the letter box and waiting for return mail. These emails could be details of a new

Business Use of the Internet

815 words - 4 pages hackers. Using the internet to send email is now common place within the business world. There are 144.8 billion emails sent daily around the globe, but only 14% of these are deemed important (2012, Text based documents can be sent instantly within an organisation or to a company on the other side of the globe. This is much quicker than posting it in the letter box and waiting for return mail. These emails could be details of a new

Internet and a Business' Information Security

1945 words - 8 pages vendor and customer information secure. This proves to be important when businesses are dealing with other companies in a business-to-business environment, but can be even more critical when companies are dealing with the public via online sales. If a business is unable to protect data and privacy of their online customers, those customers are highly likely to take their business elsewhere, specifically other internet sites, to conduct their

Routers and the Internet

922 words - 4 pages Millions of people depend on the internet every day and in some ways it can be center platform for a lot of businesses. People everywhere depend on it for many things not just limited to business, but keeping in contact with people in the same city or on a different continent. Without the internet people would have to wait days to weeks at a time before receiving important document or just simply saying “hello”. So in a lot of ways the internet

Network and the Internet

795 words - 4 pages The internet has been the greatest invention in mankind that has provided the service of getting us to places around the world without living our rooms with just a click. The internet hasn’t only change the way we receive information but also has given companies a new way to do business now days. The Net has revolutionized how people interact with each other and the network has made the internet more accessible. The internet with the help of the

The Internet And Taxation

1347 words - 5 pages retailers are losing business to the tax-free Internet. That cuts into the 36% of state and local government revenue that comes from sales taxes. The commission's task is to recommend changes to Congress that both sides can live with. It is faced with the current system of more than 3,000 state and local sales taxes. And the products that are taxed, such as food and clothing, vary from state to state. For that reason, the panel, might

Marketing and the Internet

1725 words - 7 pages marketing research industry? The most obvious and immediate impact will be the use of the Internet as a new data collection medium. The Internet will increasingly become a worldwide data collection vehicle for many types of marketing research, including business-to-business as well as consumer research. It is already a cost-efficient medium for conducting research, at least in the United States, Canada, Western Europe, and many parts of Asia.Longer term


994 words - 4 pages paying more than $50 if there is a dispute on the sale.Some people will say nothing's really free. You at least pay for your Internet connection through a monthly subscription with an ISP. The Internet was initially built by government funding and a lot of schools and institutions are still supported by federal and local funds. More and more business institutions and commercial groups are jumping into the bandwagon if you notice the rise of banner

Children and the Internet

1214 words - 5 pages , Twitter, Instagram, and Kik are good social sites were a child can socialize with other people they may or may not know. The internet enables children to talk to people anywhere in the world. (Mitra, 2013) Sometimes it might have a negative side because it could stop a child from interacting with friends and family which could eventually make them anti-social. But according to research, computers does not make children anti-social. (Mitra, 2013) As I

Similar Essays

The Internet And Business Essay

720 words - 3 pages It is virtually impossible to run a successful business without taking advantage of the internet and information technology. With so much competition in today’s marketplace, many businesses are here today and gone tomorrow. The companies that have staying power are the ones who utilize the internet and information technology. The internet supports today’s business world by offering effective communications. Communicating by email is not

The Internet And International Business Essay

1376 words - 6 pages The Internet and International Business 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. People can "talk" to others by sending email messages, at the speed of pressing the send key. This

Internet Technologies And Business Essay

1232 words - 5 pages Research Project The application of Internet technologies has been a growing trend in the business world for nearly a decade. More and more companies are realizing the benefits of using the web. Web use has morphed from information exchange only to enhancements for collaboration, customer service and customization. These applications now lead to increasing profits; cutting costs, minimizing production, and customer satisfaction in all areas

Business On The Internet Essay

578 words - 2 pages entire business proposition is to supply low-cost products to consumers through a direct relationship conducted over the Internet. Similarly many airlines - e.g . Ryanair, British Airways - are reducing the cost of ticketing operations and cutting out intermediary agents by selling directly to the consumer. Some markets where there is no 'physical' product - e.g financial services - are particularly suited to being bought and sold over the Internet