The Use Of Internet In Business - Essay Example

The Use Of Internet In BusinessIntroductionInternet use is progressively expanding globally. Businesses have adopted the use of the internet to compete in local and international markets. Electronic commerce is a process where individuals conduct business activities online. Electronic commerce has revolutionized the business world making it attractive to do business online (Stair, 59). This essay aptly examines the benefits of using the internet in conducting business activities. BodyThe Internet is broadly used to conduct businesses by individuals.

The subsets of electronic commerce include:Business to business (B2B) e-commerce This involves business transactions between business enterprises via the internet. It is useful in connecting business partners and to reduce costs (Stair, 59).Business to consumer (B2C) electronic commerceThis eliminates the use of intermediaries in business transactions. It provides a channel for consumers to interact directly with business owners through the internet.Consumer to consumer electronic commerce (C2C)This is where business transactions are done directly between consumers.

An –example of popular sites that are used for these transactions includes ‘bdizcom’, ‘craigslist’ and ‘ebid’ among others.E-GovernmentIt is a process whereby ICT is used in the sharing of information amongst different parties. It is advantageous because it helps to fasten paper-based processes and to improve the relationship between citizens and the government.Mobile commerceThis is the use of wireless devices to perform business transactions. It is considered a success when benefits are realized by its users.

Electronic and mobile commerce is largely used in fields like manufacturing, marketing and investment amongst others. It exhibits the following advantages; it reduces costs since it is cheaper than other source used in marketing or promoting a business. Secondly, it increases accuracy in business activities because it does not provide room for mistakes, and lastly, it provides a universal reach. For business, enterprises to have electric commerce they should have a web server hardware platform that is complete with appropriate software.

There also exists electronic payment systems that are used to enhance businesses transactions by companies; this allows easy payment of goods and services (Stair & Reynolds, 110).ConclusionConclusively, this essay is an illustration of how future internet is useful in enhancing business transactions and exchange of ideas in commerce. This suggests that companies implementing electronic commerce into their systems have a better chance of gaining more profits, and are more competitive in the market than organizations that do not use electric commerce for business purposes.

Works CitedStair, Ralph M, and George W. Reynolds. Fundamentals of Information Systems. Boston: Course Technology, 2010. Print.Stair, Ralph M. Fundamentals of Information Systems. New York: Cengage Learning, 2011. Print.