The Impact Of The Internet And Sustaining Competitive Advantage

`Technology is not the answer , but understanding how to use up it to create sweet communication channel line models open to gain competitive advantage is` (Financial realness 2000 , Special publish on network and bankingdiscuss the above quotation in the mount of the implications of the net profit for stemma strategyTechnological advancements in the area of technology and apprehension are change the suppliers and companies to sell the products and motions in a cost telling manner without compromising on pure tone . In forthwith s scenario almost every(prenominal) military control has its intranet or profit network Corporate uses internet technology for unlike strategic purposes . The outset and most important is communication . Businesses are able to extend efficiently , process s and spare its partners and members updated . earnings offers a cost effective medium for diversify of tuition . This study can be very crucial for the marketing trading operations , human resource concern , finance management , add chain management , consumer service and various otherwise business activities Within a come forth chain a club interacts with its suppliers , dealers and distributors , various franchise and other members of the interpret chain to make for the available on era for the customer . This platform is employ for the business proceedings . The business-to-business legal proceeding 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 contrary 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 mint victimisation Internet fo r various reasons like information sacramen! tal manduction commercial activities and many others . The birth of electronic duty or e-commerce had brought the great wave of changes in business transactions . It is the activities of purchase or selling products or operate using internet .

Internet offers a virtual market placeAccording to Kalakotas and Robinson (1999 ) this Internet-based technology , pull up stakes the online application to integrate several business functions such as accounting , banking , finance , management and administrative bear , supply chain management , selling chain management , info collection system , marketing , and also storehouse interchange The transactions are made using electronic communication theory technology such as the database , e-books , e-mail , extranets , Internet , and still 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 extensive Web via https . Costumer can use e-shopping carts and with electronic nonrecreational services using credit card fee authorizations . amid 1998 and 2000 , large number of businesses in the United States and western atomic number 63 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 . ! such technological innovation makes office works and commercial transactions...If you pauperization to get a full essay, order it on our website: OrderCustomPaper.com

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