In these days of time, operating business firms through digital technology is essential to stay competitive in the business market. There are foundations when it comes to doing business within companies to survive. It is very important for companies to stay with their competitors or surpass them through information technology. There are strategic opportunities and advantages business organizations can strived for; if they implement the right steps within the organization. Just like anything in life, there are some issues or problems that can be address when dealing with digital technology through business firms. Since internet started in the mid 90’s, companies have been remodeling their business and information system. Information systems is a very important matter because it involves electronic business with the internet, and this help companies grow tremendously; as business firm upgraded their operation systems to digital.
The internet started in the mid 90’s and it gave companies a new way to conduct business globally and effort to keep up with the competitive nature of business. Companies were not perfect when they first started using the internet to create business through websites. According to (Laudon, 2006), companies had issues designing and developing a Website to determine fair e-mail policy for employees (para. 11). One of the major flaws the companies were experiencing is thinking they can put anything up as a Website and expecting to be successful. The business firms would failed to focus on the internal processes and changes needed to conduct business successfully for the customers. For instance, developing a software program for communication and cyberspace for their valued customers. These were so...
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... some of the key facts to have a successful business firm.
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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.
Information Technology (IT) is a foundation for conducting business today. It plays a critical role in increasing productivity of firms and entire nation. It is proven that firms who invested in IT have experienced continued growth in productivity and efficiency. Many companies' survival and even existence without use of IT is unimaginable. IT has become the largest component of capital investment for companies in the United States and many other countries.
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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.
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During the last decade, we’ve been to the top of the world—during the dot-com boom of the late 1990s—and back down again, when it all fell apart a few years later. But with the bad came the good: The Web forever changed the business world. The following small-business owners are shining examples of how Web-based technologies can be a businessperson’s best friend.
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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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.
In this write up the focus is mainly on e-business. It consists of critical discussion and analysis of the impact of adopting e-business orientation. It also contains relevant information on the current state of e-business market.
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