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Impact of the Internet on Small Businesses - Term Paper Example

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 This paper analyses positive and negative the impacts of the internet on small businesses. The paper discusses a particular reason one might infer a company may want to consider social media and its effect when building a business plan. The paper considers good or bad business practices…
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Impact of the Internet on Small Businesses
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Download file to see previous pages Today business without the use of the computing power of a computer, or the use of the internet, is sure to be left behind and age very quickly.   Competition in the business world is fierce and business is all about marketing and who can reach the consumer first. Today’s computers and the internet play a vital role in accomplishing this task. It is impossible for modern business groups to think about a world without the internet at present. This was not the case a mere twenty years ago when the internet was in its infancy. Irrespective of large scale, medium-scale or small scale, all types of businesses are highly dependent on internet related technologies in today’s perspectives.

Through the internet, a business of any size can compete in the global marketplace. In fact, on the internet, the size of an organizations operation makes little difference because the internet is an open environment. Similar companies compete against one another while being only a click of the mouse away. In other words, a buyer can locate numerous sellers offering similar merchandise, similar prices and similar offers in a very short time period. As more people and businesses become comfortable with the internet, the marketing landscape will continue to evolve quickly in the coming years.

The arrival of internet-related technologies helped small scale industries immensely. The internet lent a hand in small companies competing on a global level. This also factored in a small business growing into great proportions at incredible speeds never experienced in history ever before. Many of the traditional business concepts were given way for internet-related business strategies because of the arrival of computers and the internet. For example, the internet helped the business world to convert many of the offline market spaces into online market spaces. Moreover, outsourcing, offshoring like modern business principles were evolved out because of the developments in internet-related technologies.
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