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 information is instantly transmitted to the receiver, who can in turn, reply quickly. Today, one can even literally talk to someone else, just as if he/she were actually phoning someone over traditional phone lines. While the quality is not as clear as regular lines, the cost is considerably less. The idea of less expensive communication is one that is deeply entrenched in international trade. If someone in China has to call a company in the U.S., the cost would be outrageous. Plus, one must consider the time differences, so as not to wake an American at perhaps 3 a.m. With the use of email, the Chinese businessman can send his message instantaneously, and it will be ready for the American businessman to receive and read when he/she arrives at the office in the morning. In addition to regular email, pagers can be programmed to receive important emails, or notices of emails in one's mailbox. Cell phones can also be programmed to receive email messages, and also notification of pending emails. Inventories can also be depicted, and quantities listed. With the proper programming, once an item is ordered, it is subtracted from the inventory, thus showing the proper amount that is actually available for sale. 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. Websites can also be set up for potential buyers. On the site, such things as contacts can be listed. Phone numbers, addresses, and email addresses can be shown, as well as fax numbers, for those who do not feel comfortable with new technology. Orders can actually be produced right over the Internet. For someone in England who might want to buy a comic book from a site in the United Sates, the Englishman h... ... middle of paper ... ... 3 14 12 Online buyers also have many concerns about shopping online. From the same article mentioned above, the following were tallied: US Canada Australia UK Italy France High Shipping Cost 53 46 13 45 39 54 Need to Try on for Fit 38 34 16 45 43 16 Prices too High 37 35 4 11 21 22 Not appropriate For large Items 37 35 4 11 21 22 Not appropriate For luxury Items 27 23 6 19 35 23 Want to See/feel Item 23 23 25 30 16 14 Not appropriate For perishable Items 21 23 4 18 15 22 Security of Credit Card 19 19 50 24 40 22 (All numbers are expressed as percentages) Based on these concerns, retailers in the international marketplace have their work cut out for them. But through proper education of consumers, and the ever-expanding growth of the infrastructure in many countries, the future seems to be leaning heavily towards using the Internet for many needs. Bibliography The Worcester Telegram and Gazette, Thursday, June 22, 2000 Business 2.0, May 2000 Business Week, various issues Time Digital: Your Personal Guide to Technology, June 2000 Interactive Week, June 12, 2000 Various Websites
Amazon.com operates in the Online Retail Industry. The sector is one of the fastest growing globally and is outperforming the ordinary retail marketplace. It was created after 1995 and it was only the Internet that made it possible for such an industry not only to be established but to become one of the most flourishing sectors in the business environment. What is interesting is that Amazon.com, together with eBay is the pioneer in the field. Both companies were launched in 1995 and are still extremely successful. The creation of e-mail in 1996 had a huge impact on the development of online retail by introducing a fast and easy way to communicate with customers. For this two-year period Internet usage doubled annually, thus, allowing for the expansion of the industry. Google is launched a year later, in 1998, only to become the most used search engine in the world and an essential partner for the online retailers by helping them tailor their websites to customer’s personal preferences and by advertising. After that, more and more people see the opportunity in the growing industry and enter it. By 2001 there are more than 513 million Internet users globally, which calls for action in terms of creating regulations and laws to protect the users and personal property. In 2003, Apple launches iTunes, and provides a platform for low-cost digital downloads. Another major change is the appearance of social media from 2004, which is one of the biggest influencer on the state of the industry. With the launch of iPhone in 2007, this trend strengthens as people get to enjoy the Internet anywhere they want to. From then on, technological advancements have made it extremely easy and fun to shop online, making it ...
Essentially, a trading is an activity when two parties do some exchanges of goods or services on value that had been agreed by both sides. In the past, barter was the famous method to do trading. Over the times, money and currency were discovered, and then barter is not popular anymore. Nowadays, while the Internet technology has advanced rapidly and reliable, electronic trading has started to replace the physical trading market in over the world (Massimb & Phelps, 1994, p.39). This phenomenal has led many businesses to change their traditional business model to be more adaptable with electronic trading environment, from physical shop to be virtual shop. A company or seller is not only have to show their existence in real world, but also in the online networks. However, there are some differences between strategy in traditional market and online market place, eBay as an example.. Therefore, this essay will discuss any critical aspects that need to be considered to start online business in online market such as eBay.
Trying to rid yourself of that box of old comics? Sick of all the CDs cluttering up your shelf space? While secondhand stores will do for some people, finding one that'll give you a good deal is next to impossible. If you need to unload what your particular hobby produces, whether it be rare books, old records, or baseball cards, the Internet provides the best opportunity for you to reach your market. Granted, selling a large volume of material yourself isn't easy: I discovered this the hard way when I first put my large collection of old CDs up for sale. But with the right preparations, running an e-sale is profitable, fun, and can provide you with contacts that prove useful for future sales.
eBay has built an online person-to-person trading community on the Internet, using the World Wide Web. Buyers and sellers are brought together in a manner where sellers are permitted to list items for sale, buyers to bid on items of interest and all eBay users to browse through listed items in a fully automated way. The items are arranged by topics, where each type of auction has its own category.
People are able to send messages to their best friends or family members in other states across the country in, almost, the same minute that it was sent. This makes communicating and getting information to each other faster and easier. Phones and computers alike, can send emails, which have almost entirely replaced the physical letter due the speed and convenience. Emails are free to send and can be sent and received in under a minute which makes it easy and quick for people to communicate and express their ideas. This mailing technology would have been very helpful to Andrew Jackson during the War of 1812. Jackson was stationed in New Orleans during the war and was supposed to defend the city. During his time, the war had officially ended, but the news of the treaty with Brittan had not reached him or the British. He was forced to defend the city through a battle and although he won with very few casualties, if the mail had reached them sooner both sides would have suffered fewer
The USPS can also communicate through email by sending customers images of their mail or packages. This would allow them to stay updated in the new world and keep in contact with customers quicker. Therefore, the USPS will be able to stay in business and hopefully gain new
The internet’s first role is the delivery and collection of timely information about products and services. We will have a look at the realistic role that the internet might play in assisting firms to reach their international marketing objectives. There are two types of impediments to the internet’s adoption and growth in international marketing: structural and functional. Structural issues are likely to have greater impact on consumer internet marketing than on business-to-business marketing. Functional issues are likely to have a greater influence on consumer marketing because businesses are easier to identify, segment, and reach.
and is especially popular among eBay customers. Fig.1 briefly illustrates Company’s business. The system enables its
Low cost: Saves money and time as instant message and text SMS is cheaper compared to the traditional letter.
The global information society has transformed the way we do business. One of the most widespread changes is the use of the Internet to develop more efficient communications between suppliers and users of goods and services. This process is called intermediation. In this module we will look at how new Internet-based technologies have revolutionized business communications. First we will define intermediation. Then we will examine how technology has affected business communications. Finally, we will look at some of the online technologies that are helping businesses communicate better, faster and more cost-effectively.
-Due to the era of technology, people can communicate virtually no matter how far they are located for instance using emails the way I had done.
Social networking came along which helped speed up the process of communication. Before the invention of email in, people had to communicate with others by sending letters through the mail. After growing tired of waiting
Email (electronic mail) was one of the biggest breakthroughs in communication when the internet was commercialized. With email, it became possible to send messages and letters across the world in a matter of seconds to the recipients address. Email was used as an alternative to conventional mail or snail' mail, as the term was introduced to describe its speed. As technology improved, it became possible to attach' documents, photographs and even sound clips or songs to emails which made mail by post redundant. Emails used packet switching software whereby the email was broken down into packets' and sent via the internet to the recipient.
An internet history, security and technology has been about just twenty-year’s sins actively existed and become a popular. The internet technology and World Wide Web seems to have changed dramatically since then and money things has been changed around internet technology development, today it seems we simply run our business any place in the world without boundary as a result of globalization. We buy and sell a product from any corner of world we want online easily and we can even deal with a small and big corporate business online nationally and internationally. Also, have a great interaction among different countries 's government, businesses organization, and society interact globally as well.
Today, businesses grow like crazy. Businesses are constantly competing to beat each other's prices and to carry the best product. One major factor in business publicity is to target customers. Stores and companies have customers who live in the general area and visitors who might also like to purchase their products. In order for the company to maximize their income, they must present an easily accessible product line. The Internet is an efficient way to reach out to new customers who are not in the store's proximity. The Internet is the only place where people all over the world can communicate while looking at the object that they are discussing, comparing prices and checking ratings on items. The article entitled Internet Takes Ancient Craft Global, written by R Daniel Foster, is an article about the Internet's ability to accelerate business progress. Mr. Frimpong, a royal African wood carver from the city of Ghana in West Africa, sells his ancient woodcarvings on the Internet because of the product's international demand. He uses the Internet to expand his business to the people who are interested in buying his products that shows a high degree of craftsmanship. Mr. Frimpong exemplifies Ghana's need to be connected to the Internet. On the continent of Africa, 54 countries have Internet servers: a number that has significantly increased over the past eleven years.