How the Internet change the Business

Plan

Group Members

Shah Abdul Azeem

Ammara Ishfaq

Shehnam Ishfaq

Muneeb Ahmed

Saad Salman

Table of Contents

• Internet

• Communication

• Telecommuting

• Marketing

• Advertising

• Collaboration

• Research

• The Effect of the Internet on Modern Businesses & Corporations

Internet• The Internet is the global system of interconnected

computer networks that use the Internet protocol suite (TCP/IP) to link billions of devices worldwide.

Communication

• Communicate with employees

• Email and instant messaging

• Videoconferencing & Long-distance conversations

• Companies can exist in multiple locations

Effecting on business plan

Telecommuting

• Working at Home

• Satellite office

• Neighborhood work center

• Mobile teleworking

Marketing

• Product Development

• Information Exchange

• Increased information

• Interactive Business Agents

• Pricing research

Advertising• Attract customers from all over the globe

• Easy to convey Message

Collaboration

Research

The Effect of the Internet on Modern Businesses & Corporations

SWOT Analysis of E-Business

E-Business (Strengths)

• 24-7 operation• Global business from anywhere• Products reach to customer

directly from producers at lower price than market value

• Fast and effective

E-Business (Strengths)More affordable advertisingLow staff costFinancial transactions through electronic fund transfer fastCan be started with very low investment

E-Business (Weakness)

• No direct customr-seller interaction• Sometimes, transportation cost inceases

product cost• Intangible product & services

E-Business (Opportunities)• Internal users rapidly increasing• More are feeling comfortable buying through

internal exclusively• Big companies already In the field blaze the path

and bear the cost of developing a market

E-Business (Threats)Dishonest online businesses damage consumers confidence and faith in the entire enterprise of internet marketing

Companies The Internet Changed Forever

• New York Times• Bank of America• Blizzard• Wired• Charles Schwab• 1-800-Flowers

New York Times

• Online ad sales has gone from 6% in 2005 to 14% in 2009

Bank of America

• 25.4 million users in January of this year• 29 million of the bank’s customers currently

operate online

Blizzard

• Largest video game developers which produced PC titles• More than 12 million subscribers by the end of 2010

Wired

• Circulation of about 794,000

• magazine’s website receives 37 million pageviews a month

Charles Schwab• $1.57 trillion in client assets• 7.9 million brokerage accounts

1-800-Flowers• $235 million in revenue in the quarter ending

December 2010• $155 million came from online sales

counclusion• The concept of internet , necessitated by

communication technology and the effect of globalization have transformed the contemporary society as regards business operations, governments, banking institutions, individuals, educational institutions, international organizations and subsequently provided consumers with adequate information which is instrumental in determining their choice, rights and knowledge acquisition (Layton, 2007).With such technologies consumers are adequately informed and thus stand at a key position of critically determining their product choice and preferred product (McNab, 2004).