Question
Asked Sep 28, 2019
507 views

The Internet may not make corporations obsolete, but the corporations will have to change their business models. Do you agree? Why or why not?

Should all companies use Facebook and Twitter for customer service and advertising? Why or why not? What kinds of companies are best suited to use these platforms?

check_circle

Expert Answer

Step 1

The Internet has completely changed the method corporations operate their business. There are many views of experts regarding conducting of the business. Some experts believe that new technology is best in doing business, whereas some beliefs in old and traditional methods.

Step 2

Following are the reasons which describe why the companies will have to change their business models.

  • Customers seem to be leaning towards the latest innovations and mobile technology.
  • With the help of the latest and innovative technologies, everything going to be online and individuals using mobile technology thoroughly. Companies need to design their business models based on the latest technology.
  • Business advertising and other business opportunities over the internet is the best method to reach to the customers' end because a large audience using the internet nowadays.
  • Innovation and technology help corporation to design reliable and customers friendly business and revenue models.
Step 3

Following are the reasons which describe why the companies will not have to change their business models.  

  • By using the latest technologies, many social networking sites have made fail attempt to generate revenue ove...

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in

Business

Operations Management

Related Operations Management Q&A

Find answers to questions asked by student like you
Show more Q&A
add
question_answer

Q: 34

A: Since the expected duration is 65 days and the S.D. is 9 days, hence if the value of 80 days is (80 ...

question_answer

Q: Q6. Discuss the use of social media in the marketing of the product/service in Amazon retail company...

A: Step1: Type of social media.Social NetworkMedia Sharing NetworkDiscussion ForumBookmarking and conte...

question_answer

Q: Do some online research on small businesses and owning your own business.present some of your intere...

A: We do not provide links in the answer.Research plays an important role before starting the business ...

question_answer

Q: While monitoring the forecast values in last 5 months, the tracking signals are consistently coming ...

A: The tracking signal is given the ratio of the cumulative forecast error to the average error and a v...

question_answer

Q: Choose the correct statement with regard to the given distributions: a. Poisson: If mean is u, stand...

A: The correct option for the above stated alternatives is ‘option d’ i.e. all the alternatives are cor...

question_answer

Q: One

A: Determine the early start of Activity C:It is given that the early start of A is 6 and B is 5. Hence...

question_answer

Q: If a traditional brick and mortar retail store was going to transition to online retailing, what typ...

A: The operational changes from logistics perspective are:establishment of a multi-hub warehouses and d...

question_answer

Q: Name and describe the three main divisions of supply, production, and distribution systems.

A: The interlink of all the organizations, individuals, and activities involved in producing and sellin...

question_answer

Q: Can you please assist me with the steps and solution to this problem?

A: Step1: Calculating the average total demand of four seasons for last four years. We have,The formula...