1. Introduction Internet interconnected businesses have enormously grown owing to its flexible nature and the numerous ways in which the internet can be personalized. Due to these unique characteristics, the internet is continuously used by organizations and individuals for communication, leisure related activities and digital trading (Korgaonkar and Wolin, 2002). The revolution and the continuous innovation and renovation emerging has made the internet an integral part of the day to day running of the organizations. These have enabled businesses to offer a broad range of products and services to their clients globally. Thus many companies have resolved to have the internet as their primary marketing tool. What is more, the digital modes of advertising and selling give consumers an opportunity to access all the information they require with regards to an individual product and provide instant feedback to the sellers. Such information may include price comparison, checking product reviews by other consumers globally. What is more, the internet has reduced the cost and time of doing business globally. More fascinating is the ease with which people have quickly have migrated to the conventional ways of advertising and adapted to the new methods of doing business (Korgaonkar and Wolin, 2002). Since consumers determine directly what they want to view on the internet, a majority of companies today have adopted digital marketing as an integral part of their
Internet-based industry is a growing industry with most companies having an annual growth between 6.5% and 8%. This is due to businesses that are becoming increasingly aware of the need for market information and the desire to reduce customer
We live in the digital age. The world has been made smaller and smaller through the use of the World Wide Web. Information and communication are far more accessible than ever before and studies have made it evident. ?Pew Research Center, a nonpartisan fact tank, studied the Internet access of Americans over a 15-year period, from 2000 to 2015. The study found that approximately 84% of Americans use the Internet now, compared to just 52% in the year 2000.? (The Future of Immigration Law Practice, 2016). It is no wonder that marketing trends have been moving towards online marketing strategies.
The internet and World Wide Web are extremely well suited for conducting business electronically on a global basic, Web-based Electronic Commerce(EC) has introduced unprecedented opportunities for the marketing of products and services, accompanied by features, functionality and innovative methods to serve and support consumers. E-commerce has became a major catalyst of the economy and remains a vital growth engine for businesses today, It successful change the consumer behavior. Consumer purchases over the Internet continue to grow from year to year. The survey involving
With the invention of World Wide Web, the corporate sector has evolved into new dimensions. The fast, quick, reliable, accurate and efficient internet systems of E-commerce have provided the world with new and unique business opportunities.
Abstract. The Internet is permeating all aspects of our lives. This includes business and organizational endeavors as well as our personal lives. Businesses have become to depend on the Internet for their supply chain, advertising, and sales. E-commerce has experienced a tremendous growth in the last decade. Organizations are looking for new ways to leverage the Internet for business growth. Web Services is a growing technology in the Information Systems field. Data Management is also an ever-increasing endeavor for many organizations. The need for information is
The advent of Internet has allowed companies to offer their goods and services throughout the world. Not only has the Internet opened up the floodgates of International marketing, it has also brought with it many other challenges such as cultural, political, and geo-economics challenges. In order to be successful in these global markets, companies must be very diligent in handling these challenges.
The development of Information System is an extraordinary advancement in the business sectors, thus playing an important role in revolutionizing the modern corporate business world. A wide range of people use internet for emailing, developing databases, to gather information on various arenas. Hence incorporating the resources of internet in business environment help in forming business solutions like system designing, email communication, developing software apps etc. (Granger & Schroeder, 1996, p. 85). IT is currently serving a major role in all kind of business processes. Hence a relation between IT and business can likely be compared to nervous system and good health. Business leaders having smart senses will definitely embrace this. (McCormack, 2006, p. 2) But there are some negative impacts as well. In this essay, the impacts of internet in the business in the disguise of emerging technologies like Web 2.0 and Web 3.0, their strategic competitive advantages will be critically evaluated and analysed. Also the benefits and drawbacks of the internet will be compared and contrasted here.
Marketing Strategy and E-Commerce Introduction With the rapidly advancing technologies that are occurring in modern business, organisations are required to be ready, and able to adapt within their ever-changing environment. It is true across all diverse industries that in order to stay competitive, organisations must be able to utilise the various tools that technology has to offer. Technological factors have been of growing importance, particularly in recent years. A major factor involved in these technology issues is the use of the Internet as a major issue to modern organisations. The Internet has been rapidly growing since it's inception and is now commonly used in all sectors of societies, in all
With the keywords aggregation and convenience, internet has come forward to begin the new millennium of marketing concept. The internet offers almost unlimited shopping possibilities with all desired
Marketers are faced with new challenges and opportunities within this digital age. Digital marketing drives the creation of demand using the power of the internet, and satisfies this demand in new and innovative ways. In other words Digital marketing is the utilization of electronic media by the marketers to promote the goods and sell in the market. Digital marketing can give value in the form of time, attention and advocacy from the consumer. Digital marketing strategies build on and adopts the principles of traditional marketing, using the opportunities and challenges offered by digital medium. This paper focus on the importance of Digital marketing for both marketers and consumers. This paper additionally includes difference between traditional and digital marketing.
The use of the internet will enable the company to pass information concerning their product to a global audience. The company can create its image through the use of the internet. The use of the internet will help the company to build a positive relationship with the customers of their product and the suppliers. As the global trend of shopping is changing, Internet is now a big market for commodities (K. Lauden & J. Lauden, 2011).
The Internet is a powerful tool that can make your business more productive and profitable. The rapid growth of internet is bringing rapid grow of the online business opportunities. Internet gives a lot of new opportunities to expand their business activities and increase their profits. Most companies use the internet to manage their work. People can go to the business home pages to learn more information about the products. Online businesses like Amazon and eBay by going to their website people can purchase while they’re sitting at home.“Some hope the Internet will
In today's fast and modern world, we can't imagine our lives without the Internet. Tech-savvy people use the global Internet for different purposes, such as finding the desired information on the web, sending and receiving Emails, using a wide range of online services, downloading important files, browsing social media websites, etc. The rapidly increasing use of the Internet has compelled entrepreneurs to take their brick and mortar shops to different digital platforms for speedy acquisition of potential clients/customers, easy branding of products and services, increasing ROI swiftly, etc.
Many businesses are currently using various online platforms to promote and marketing their products. With the advancement of technology and increased access of the internet by people, the business have taken the opportunity to reach their potential customers through the internet. There are various advantages that accrue to a business entity that uses internet as a marketing tool. The internet marketing has tremendously increased and the businesses that have not embraced internet marketing are missing out on great opportunity (Schibrowsky, Peltier & Nill, 2007). The importance of using internet as a marketing tool is as explained below;
In today’s world of business, everything is computerized and most of the companies use the Internet and information business to help keep their quality, save time and also cost. It also can reach out to more customers worldwide. For an example, with a website in the internet, it would relay the message to millions of viewers worldwide regarding the product and service that the particular company can provide and indirectly saves cost in advertising in television and print advertisments.