The Impact Of The Internet And Sustaining Competitive Advantage

`Technology is not the answer , but understanding how to engage it to create sweet communication channel line models able to gain competitive advantage is` (Financial realness 2000 , Special report on network and bankingdiscuss the above quotation in the context of the implications of the internet for stemma strategyTechnological advancements in the area of technology and trouble are change the suppliers and companies to sell the products and services in a cost telling manner without compromising on quality . In forthwith s scenario almost all business has its intranet or profit network Corporate uses internet technology for various strategic purposes . The outset and most important is communication . Businesses are able to extend efficiently , process s and keep its partners and members updated . earnings offers a cost effective medium for exchange of tuition . This study can be very crucial for the marketing trading operations , human resource management , finance management , add chain management , consumer service and various other business activities Within a supply chain a club interacts with its suppliers , dealers and distributors , various franchise and other members of the supply chain to make for the available on time for the customer . This platform is employ for the business proceedings . The business-to-business transactions 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 different 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 people victimisation Internet for various reasons like information sharing commercial activities and many others . The birth of electronic commerce or e-commerce had brought the great wave of changes in business transactions . It is the activities of buying or selling products or services using internet .

Internet offers a virtual market placeAccording to Kalakotas and Robinson (1999 ) this Internet-based technology , allow the online application to integrate several business functions such as accounting , banking , finance , management and administrative bear , supply chain management , selling chain management , data collection system , marketing , and also storehouse transfer The transactions are made using electronic communications technology such as the database , e-books , e-mail , extranets , Internet , and even with mobile phones . Before electronic commercial transactions is done 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 Wide Web via https . Costumer can use e-shopping carts and with electronic paying services using credit card fee authorizations . Between 1998 and 2000 , large number of businesses in the United States and western Europe 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 want to get a full essay, order it on our website: Orderessay

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