Last Updated : 2020-06-23 09:38:22
The Internet is assuming radical changes in the way of doing business, but many of these changes are not new but are changes that had begun before the appearance of the Network and have been accelerated by it. Below we will make a brief list of the main changes -especially those related to online virtual stores and Internet sales- that is being accelerated by the Internet.
Changes with greater impact: The changes accelerated by the Network with the greatest impact on business are: Concentrate: Some companies are using the Internet to focus on what has been their traditional business, as can be the case with newspapers and traditional media. Diversify: Other companies, on the contrary, are using the Internet to diversify their activity, accessing new lines of business. Greater business activity: Due to the low costs of setting up an online virtual store or any other Internet business, the number of businesses that are appearing - and at the same time disappearing - is increasing considerably.
Lower barriers to entry: The Internet is accelerating globalization, which is coupled with the globalization of capital markets and the negotiating rounds of the World Trade Organization (WTO). Greater alliances between companies: The Internet allows creating alliances between geographically separated companies with common interests and at a low cost of coordination.
Likewise, the Network allows us to jointly offer the products of two companies that are complementary to each other - a very interesting point for those of us who are dedicated to selling online. Conversion of some products or services: This is the case of children's books, diaries, music, or games that can already be found in the electronic field.
Dynamic Networked Companies: This concept derives from the fact that the cost of integration with customers and suppliers is practically non-existent, making it feasible that part of the company's processes takes place outside it.
Internet, a business in itself: Among all these changes, there are some that have possibly been generated by the appearance of the Network itself. In this sense, it is not absurd to think that in the future, we will see more changes in the way of doing business that we could not have imagined before the arrival of the Internet.
By choosing the Network to locate our business activity -through our online virtual store-, we are becoming protagonists of a way of doing business that is possibly the most widespread in the world in just a few years.
About Author : Sazid is a freelance writer and editor passionate about writing on the realm of business tech. He currently works with SMEs through North America and Europe.
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