Impact of Internet on BusinessInternet impact on business
Internet Impact on Business Operations and Interactions - Video & Lesson Transcript
Find out in this unit how the Internet and other technology innovation have transformed the way businesses work and how they engage with their stakeholder groups. Remember, just a few years ago, businesses did not have the opportunity to engage and collaborate with interest groups. Yummy Chocolates relied years ago on a salesperson's response, customer telephone conversations or correspondence and conventional post.
Introducing the Internet and other technologies has dramatically affected the way companies work and engage with interest groups. A business application is an application of scientific, technical, data and information technologies for business purpose, such as the fulfillment of business and organisational objectives. Technological innovation is based on the concept of transformation and how it can impact on the economy and people.
Thus, there has been a change in the way business and stakeholder communicate. Let's explore how Yummy Chocolates uses the Internet and other technical innovation to act and engage with its stakeholder groups around the globe. The business arena has transformed the way business operates in the international arena. This also affects how they interacted with interest groups through different types of technologies.
First and most efficient technology to change communications is the Internet. It' is a global ecosystem of connected computing devices that enables individual persons to exchange information between consumers and enterprises. In our research, we will investigate how Internet innovation has dramatically changed the processes and interaction of Yummy Chocolates. Yummy Chocolates' greatest benefit of the Internet is the use of e-business, which is a electronic way for companies, organisations and individual persons to transact goods and provide related support via Internet-based electronic payment solutions.
Using e-commerce in a variety of ways, Yummy Chocolates interacts with stakeholder groups and improves processes. And Yummy gets faster stakeholder response to its offerings. With Yummy, clients can post reviews and reviews directly on their website. Investors can easily obtain updated information through instant business updating that e-business can deliver, such as day-to-day stock and sale data.
After all, e-commerce can help Yummy's PR objectives by promoting and promoting Yummy's corporate citizenship work. A further important innovative feature of the Internet blast was the launch of m-commerce, in which Yummy's business is conducted via mobile telephones that allow its clients to use an e-purse.
Merchandising offers the opportunity for Jummy clients to order their tasty chocolate anytime and anywhere, resulting in more profit for the business. As an example, many clients order the holiday while they travel to work by rail. Furthermore, vendors and consumers can make payments directly from their smartphones.
After all, the business can address its clients operatively via text messaging and advertising. The Yummy Chocolates has an entrenched charity scheme. It is a compilation of different ways of using technologies that allow humans to join, research interests and participate in shared pursuits.