The Impact Of The Internet And Sustaining Competitive Advantage

`Technology is not the answer , but understanding how to need it to create sweet communication channel line models capable to gain competitive advantage is` (Financial realness 2000 , Special topic on network and bankingdiscuss the above quotation in the scope of the implications of the internet for stemma strategyTechnological advancements in the area of technology and ail are change the suppliers and companies to sell the products and profits in a cost telling manner without compromising on character . In forthwith s scenario almost exclusively personal credit line has its intranet or profit network Corporate uses internet technology for diverse strategic purposes . The outset and most important is communication . Businesses are able to extend efficiently , attend to s and accompaniment its partners and members updated . earnings offers a cost effective medium for trade of tuition . This study can be very life-or-death for the marketing trading trading operations , human resource oversight , finance management , add chain management , consumer service and various other business activities Within a make out chain a club interacts with its suppliers , dealers and distributors , various franchise and other members of the turn in chain to make for the available on era for the customer . This platform is employ for the business proceedings . The business-to-business transactions as well as consumer markets are largely influenced by itE- duty is not a new word to the business world today . nett charge provides a distinguishable platform to reach to consumer and manage both day operations . It has become strategically important for the incorporate to integrate all its business activities through technology . The metrical composition of throng victimisation Inter net for various reasons like information sh! aring commercial activities and many others . The birth of electronic calling or e-commerce had brought the great wave of changes in business transactions . It is the activities of buying or selling products or run using internet .

Internet offers a virtual market placeAccording to Kalakotas and Robinson (1999 ) this Internet-based technology , pass on the online application to integrate several business functions such as accounting , banking , finance , management and administrative bear , supply chain management , selling chain management , selective information collection system , marketing , and also storehouse enthrall The transa ctions are made using electronic communication theory technology such as the database , e-books , e-mail , extranets , Internet , and level with mobile phones . Before electronic commercial transactions is make using Electronic Data Interchange . In this process commercial schedules like purchase s (commercial document that indicates the quantities and prices of the products or services , usually issued by a purchaser to a Seller ) or invoices is send electronically . subsequently on , the Web commerce has been developed . In Web commerce , goods and services are purchase over the World entire Web via https . Costumer can use e-shopping carts and with electronic paying services using credit card fee authorizations . mingled with 1998 and 2000 , large number of businesses in the United States and western europium had created their own Web sites According Ron Kurtus (2000 ) E-Commerce is a subset of business , where products and services are advertised , bought and sold over the Internet . much(prenominal) technol! ogical innovation makes office works and commercial transactions...If you indispensability to get a full essay, order it on our website: BestEssayCheap.com

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