The Impact Of The Internet On Small Business

Technology has been able to provide advancements in quality of life across the world. One of the biggest forms of technology is the use of the internet in a variety of different business sectors. One of the fastest growing forms of Internet use revolves around online schooling. The result is not only because of the access of the Internet, but the vast amount of resources now available just a click away. Online schooling provides several advantages and disadvantages, but the new opportunities afforded due to the change are winning out.

Shariqi A.B. (2015). Impact of Information Technology and Internet in Business. Academic Journal of Business, Administration, Law and Social Sciences, Vol. 1, pp 73 – 79.

Introduction: World is developing day by day in every sector. From a small business to big organization every sector uses Internet. Internet plays a big role in providing benefits to a business. Everyone is using internet to explore their business or to grow their business as internet is entrepreneur for small thing to be in stars. A thing can become star in a sec. or can become down in a sec. it can be humans too.

Globalization has paved the way for e-business models that currently sweeps the internet with its’ revenue share to improvise the economy (Hong-Oanh Nguyen,2013). Cost (production to delivery) (Evangelista and Sweeney,2006; Gunasekaran and Ngai,2008; Australian Bureau of Statistics,2008; Samar and Robert,2004), customers interest (Australian Bureau of Statistics,2008; Evangelista and Sweeney,2006; Samar and Robert,2004), size of the company (Davies et al.,2007; Nurmilaakso,2008), skills of the employee , compatibility of system/service, support and security by management (Gunasekaran and Ngai, 2008; Gudmundsson and Walczuck,1999), investment and return rate of product(Samar andRobert,2004) are the factors influencing on adoption of e-business (Hong-Oanh Nguyen,2013). Lastly, Hong-Oanh Nguyen,2013 states “e-business is essentially an investment decision” as to start a business the focus will be on making a profit even with small amount of investment.

Small businesses in America have existed since civilizations first settled, whether people traded goods in the place of currency, or offered services and talents for money. Over the past 100 years, the small businesses and entrepreneurs of America have evolved in ways no one could have predicted. From the invention of the internet to the sliding scale that is the American economy, small businesses have seen their times of great success and struggle alike. With the changing culture, obstacles may morph into opportunities, and, conversely, opportunities can turn into obstacles. The presence of social media is an opportunity for businesses today but an obstacle for businesses of the early 20th century; demand was an opportunity for business owners in the 20th century but an obstacle today; and economic fluctuation is an obstacle found in both time periods.

Online business using the internet has experienced significant growth over the last two decades. According to the Internet World Stats (2014) the number of worldwide internet users has grown from an estimated 16 million in 1995 to 2.9 billion in 2014. This world of interconnectivity has provided a way for people all around the globe to communicate with one another in a real time format. The internet has removed the distance between governments, industries, businesses and individuals. This interconnectivity has helped to establish the foundation for a globalized community.

It is important to note that in the recent past, technology (and most particularly the Internet) has effectively changed the way people conduct business. Today, most businesses have come to the realization that to remain relevant in a highly competitive marketplace; they must fully exploit the opportunities presented by both technology and the Internet. In this text, I discuss a number of issues arising out of my resolve to engage in e-Commerce as the owner of a small clothing store along the Jersey Shore boardwalk.

The population of the Internet and World Wide Web has raised fast since 1990s with the development and advancement of computer technologies. Many firms have launched their business through the Internet because of this technology innovation. This resulted in various and widely sales of products in the Internet business. Online buying grows at an amazing rate. Therefore, companies that carry out Internet based business have great opportunities to succeed. Conversely, there is a greater competition and threats are all around considering that many companies had entered the online business (cited in University of Texas at Dallas.com n.d.).

2. Related background literature 2.1 Benefits of e-business technologies adoption by SMEs There is a rich body of literature on ebusiness benefits. A large portion of the literature however discusses benefits without clearly expressing any specific assumptions about business size. In general, the

Innovation gives an extensive variety of tools entrepreneurs can use to guide their new organizations through the start-up and development stages. Small business accounting, advertising and communication have been upset by advances in computer, network and communication innovations, and organizations in a scope of businesses persistently adjust to exploit innovative advancements.

Today’s economy has become a global one due to the use of the internet. Traditional companies are accepting the mission of using new virtual technologies in their business since the use of the internet has opened larger and advantageous international markets. Proud of the costly infrastructure, traditional companies are finding themselves being eclipsed by smaller companies that have used the internet to attract new customers. In order to achieve great results, companies in today’s economy are obligated to embrace the use of the internet (Markus, T. 2008).

The essay is aimed at divulging the extent to which the internet has expanded to cover the organizational operations and daily activities of most organizations. The manner in which the internet has moved some major industries like the music industry is also discussed. The significance of having a website and/or participating in social websites is also discussed. Further, the use of the internet in making managerial decisions and collection of important

The Internet and Web development have been the most exciting developments in the field of information and communications technology in recent years and has a greater impact on the way on doing business. . Electronic commerce has added a whole new dimension to discussion of business relationship (Morgan and hunt 2003). Electronic markets have become increasingly popular alternatives to traditional market forms over the last few years. Electronic markets can be used either to create new markets or to strengthen existing market, electronic market reduced the transactional cost of buyer and seller.(Hogeune & Theodre ,1996). The Internet 's World Wide Web

The internet has transformed many organisations be it big or small, creating many positive and negative impacts for the business. This essay will list and discuss the advantages and disadvantages for an organisation using e-business to carry out their own business activities. Throughout this I am going to evaluate both of these aspects.

The Internet has given another market place to the purchasing and selling of goods and services. Consumers have been slow to channel web based business by means of the Internet because of concerns