How the World-Wide-Web Impacts the way of Doing Business Since its comet-like boom in the nineties the internet has attracted myriads of companies to do business on this boundaryless media. And the boom does not seem to stop. eCommerceis a catchword, which stands for a whole branch of new types of businesses that mushroomed up in the last couple of years. Retailers, all sorts of companies, even law offices are using the web for their daily business. There seems to be no comparable other way to develop and exploit global markets.
In a survey written more than twelve years ago, John Browning wrote: "Information technology is no longer a business resource; it is the business environment".1 Presently, ongoing advances in information technology, along with increasing global competition, are adding complexity to the business organizational environment. An organization's response the environment will continue to be the crucial determinate for its effectiveness. Business organizations needs to process information and make decisions will be substantially increased. The capabilities and flexibilities of computer-communication systems make them increasingly relevant to organizations by being able... ... middle of paper ... ...abled Change," Sloan Management Review, (Summer 1993), 23-33. References 1.
Self-Employment Today large companies are downsizing and reengineering with much more frequency, and it would appear that the trend has become one of people starting their own business. An interesting statistic stated that in the United States a new small business is started every 11 seconds; (of course many do fail, but they are started all the same). (Sullivan) We must also keep in mind that starting a business and being self-employed are not always one in the same-as this paper will examine in more detail. People can be, and often are, simultaneously owners, self-employed producers, and capitalists. It was stated that, In traditional economics a basic principle is that economic resources-the means of producing goods and services-are limited or scarce.
http://smallbusiness.foxbusiness.com/entrepreneurs/2013/09/03/for-entrepreneurs-us-comes-out-on-top/. 03 September 2013. Lynch, Alec. http://www.forbes.com/sites/realspin/2013/07/24/10-reasons-the-best-time-to-start-a-business-is-during-a-downturn/. 24 July 2013.
Unlocking this potential for any business in the U.K and elsewhere is no easy matter. Although several large firms in the U.K are now making real impact through e-commerce, although examples of profit's being made in small and medium (SME) sized business's are few and far between. Even though the effects of the internet on U.K's industry can only be predicted at this early stage, there have been incentives (rewards) offered to several SMEs generating business with their websites by the government. Firms with no more then 250 employees where asked to show how they had used e-commerce to increase efficiency or to boost their sales. The average investment that created a profit among the ten regional winners was around 20000 pounds with the cheapest being 10000 pounds, all the companies testified to the need for expert help.
This era is one in need of an economic boost to better the world in its turmoil, and internet shopping may be the answer. The most important affect the internet bestowed, or e-shopping as we like to call it, is its affect on the economy. Now is the future, and our retailing process needs a major change, as Birch, Schneider, and Gerbert (who wrote E-Tail) said, ? [to] re-invigorate the prospects of players in traditional consumer business?? (E-Tail 10).
Like Dutton said, "'global thinkers' play an important role in developing a global mindset for their companies." Realizing that having a global brain is understanding how cultural differences will affect the way customers use your products, will bring anyone, who is up for the challenge, great accomplishments and success.
The convenience and ease of shopping online is a huge reason for it growth. Nearly every retail store has a website, touting product, store, and sales information. Every bit of information desired about a product is at the fingertips of the buyer, while sellers have access to a global market. The rise of mega malls was supposedly wiping out local “mom and pop” shops, but the internet has made it possible for these local suppliers to sell their products across the world. Now a virtual storefront cost a mere fraction of the real thing.
R, (1995). "Transactions Costs, Technological Choice, and Endogenous Growth." Journal of Economic Theory 34(2): 153-177. Devereux, M. B. and Smith, G.W (1994). "International Risk Sharing and Economic Growth."
After economic crisis, Companies from emerging nations are facing increasing competition in their home marketplaces and are venturing abroad in a bid both to secure resources and to better service foreign demand. Looking for new marketing and needs of advance management and technology are pushing them to go out. They have their own advantages, both country-specific advantages and firm-specific advantages for EMMNs: Natural resource endowment, multiple Human capital, large Market size and growth, Per-capita income, low Wage levels; As to firm, Optimizing p... ... middle of paper ... ... October 2, 2009.  Global Agenda Council on Emerging Multinationals 2012-2014[R]. Dalian，China:People’s Republic of China, May 2013.