What effect does the Internet have on businesses and corporations? (how business is conducted; the size, nature of markets, etc)

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Internet on Business : The Causes and Effects Today and Beyond

The Internet started to become famous in the year 1996 . It was created by the Department of Defense as a computer network called ARPA (Advance Research Projects Agency ) in 1958 for military operations . As the people discovered the many possible applications of Internet , it become commercialized and furthermore , revolutionizes the lives of the humankind . When we say revolutionize , we always think of its cause and effects its advantages and disadvantages the good and the

bad side Its impact to the government , businesses and every individual are truly astounding . As we go further , we will realize how this technology changed the face of business and marketing , the fast-pace innovation and the abuse of this technology

Before businesses began utilizing automations with their data processing , collecting information was a laborious job and decision making in business was often times based on intuition . But as we entered the information era , half of the twentieth century automated systems made business transactions and data processing more efficient but less tedious . Even presentations of reports , research of information and data transformation have been into useful knowledge for businesses that led to a higher efficiency and faster innovation for businesses through the advancement in technology . Changing how companies serve their customers and compete for new business , the Internet is proving to be an era of commerce that delivers responsiveness at higher levels than was possible ever before . The emerging class of e-business providers , the application service providers , is fulfilling the need for e-business strategy development and execution , freeing companies to focus on perfecting what they do best . At its best , the Internet gives the flexibility to serve more customers in less time , generate entirely new classes of customers at diverse and remote geographical locations , and provide feedback to them on issues they care about . By increasing communication capabilities , the Internet can strengthen the relationships with the customers . Nowadays , there is no technology that is more important to business than the Internet for in an era of emphasized customer service , businesses can now offer services that are 24-hour-a-day , 7-day-a-week , and 365-day-a-year customer support . Online customer service center becomes possible because of Internet that can provide customer-only information service , support , and as with software and information , live product . With the advent of Internet telephony audiovisual streaming , companies will be able to interconnect the Internet and voice response , so customer service will take on a new level of quality , dramatically increasing business efficiency as cybermeetings replace face-to-face meetings ADDIN EN .CITE SilversteinBarry SilversteinBusiness to Business Internet Marketing : Seven Proven Strategies for Increasing Profits through Internet Direct Marketing2002Max imum Press (Silverstein . Given the frustrations in coordinating cross-functionality and the need for obtaining closer and more accurate communication by members of cross-functional teams , the Internet is just being tapped for this information-sharing purpose through portals and exchanges . Clearly the companies using portals today are finding that the benefits far outweigh the cost associated with creating these cross-functional...