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Ways in which the internet has changed the way business operate in the global marketplace - Essay Example

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No life segments are free from the influence of internet at present. Business is one area which is revolutionized with the introduction of internet. Communication facilities were enhanced a lot as a result of internet and…
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Ways in which the internet has changed the way business operate in the global marketplace

Download file to see previous pages... It is a business process in which jobs of one organization is getting done in another distant organization with the help of internet. In other words, an American organization can get their work done through an Indian organization without travelling to India. Internet provides all the platforms like email, audio and video conferencing etc for enhancing business communications between people staying in different parts of the world. It should be noted that India like countries have huge manpower strength and therefore labour charges in these countries are extremely low whereas in countries like America, manpower shortage is visible everywhere and therefore labour changes are more. Outsourcing helps American organizations to exploit the cheap labour markets and save billions of dollars every year.
According to new figures released by the United States Department of Commerce e-Commerce Sales accounted for 2.4% of all sales in the fourth quarter of 2005, up from 2.3% the previous quarter, Total fourth quarter e-commerce revenues came to a seasonally adjusted $22.94 billion. For all year 2005, e-commerce sales rose by 24.6% according to information from the U.S. Census Stats (Internet World Stats News)
E-commerce is another business segment developed as a result of the introduction of internet. Many people started to rely on internet for their purchasing needs. It is easy to purchase majority of the products available in the world through internet. One of the major advantages of internet purchase is the opportunity to purchase anything from anywhere in the world at any time, using credit cards.
Internet opened many opportunities to sell domestic products in international market. Earlier, it was difficult for small companies to sell their products in international markets because of the difficulties in accomplishing exporting and importing formalities. However, it is easy for such companies to sell their products through internet without much hassles.
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