While business technology often is used through personal
computers, server storage and point-of-sale or cash register systems, another
major technological advancement is the Internet, which has created new
communication forms and other business methods that companies use when
processing financial and business information.
Structures
A significant feature
of e-business is the ability to communicate and transfer information via the
Internet. Many companies use e-mail servers that allow managers and employees
to send internal messages or information through e-mail communication mediums.
Companies also have developed business websites that allow consumers to review
information about the company and its products before making purchases. These
websites also provide consumers with a means for communicating with the
company.
Evidences
The Internet has
created an entire business function commonly referred to as e-business or
e-commerce. E-business represents the use of Internet and business technology
in a company’s operations. Most companies in the business environment have
implemented some form of Internet or business technology into their business
operations. While some companies faced the major changeover when developing an
e-business function, other companies may have been on the edge of this
technology before the widespread use of the Internet.
Function
The Internet also has
allowed companies to find ways for lowering operational costs and saving
capital on production of goods or services. . Companies also can enhance their
supply chain by communicating information to the distributors, warehouses and
retailers that handle the company’s products.
Companies often
implement business software to track various business operations and review the
efficiency and effectiveness of each department. These business software
packages help managers review information in a real-time format and make better
or more-informed decisions regarding the efficiency of operations
Special effects
Many companies in the
traditional business environment were unable to directly sell goods or services
to consumers and other businesses. These companies, such as manufacturing and
intermediate goods producers, often needed a middleman to help sell goods in
the business environment. The Internet allows these companies to set up
websites or other electronic order systems to sell products and generate a pipeline
for future business sales.
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