A particular type of network that enables shop owners to keep track of their inventory is known as an extra net. This is a private network that companies use to share certain information with selected people outside the organization, such as suppliers and major customers. A supplier of raw materials for a manufacturer or merchandise for a national retailer, for instance, could serve the company better by tracking the daily inventory balance. When inventory gets low, the supplier could deliver its goods just when the company needs them. An extra net enables the supplier to see the inventory records without allowing access to other company data.
A second business use of the Internet is for research. You have probably used the Internet to gather information for a project or report. Businesses also use the Internet to obtain information they need in order to make decisions. A great deal of information on the Internet is free and is provided by government agencies, colleges and universities, libraries, and even private businesses.
Throughout the ages, discoveries and inventions have had major impacts on society. No inventions in recent years have had a greater impact than the computer, Internet, World Wide Web, and wireless communications. These new tools have profoundly affected the personal work lives and millions of other workers. New technologies have made dizzying changes in the way we live and work, and the pace of change is not likely to slow in the years ahead.
The traditional business office that once operated with filing cabinets, typewriters, and secretaries was labor intensive when compared to the contemporary electronic office. Simple business transactions that once took weeks of paper handling are now processed in minutes. Now workers create and store most documents electronically.
Competition is the rivalry among companies for consumer dollars. Competition, however, does not always operate smoothly by itself. To provide for fair competition, government has passed laws and created regulations to enforce the laws. These laws and regulations grow out of a need to preserve competition, which is done, in part, by controlling monopolies and unfair business practices. Firms that cannot survive in a competitive atmosphere either go out of business or face bankruptcy.
Even the nature of how businesses are organized and operated has been permanently affected. The world is in the middle of a major shift in how business is conducted. Just as cars, planes, television, telephones, and computers changed life during the last century; the marketing system is changing life in this century.
With faster access to information about our sales, our partner activities, and most important, our customers, we are able to react faster to problems and opportunities.
Businesses either move with the technology or fade away. Well-managed firms do not stand still. How much additional change will occur during the next decade? No one knows, because these are dynamic times. What is known, however, is that change is constant and is occurring at amazing speeds. Rapid change has been occurring in nearly every industry and in most countries. Slow moving firms are attempting to catch up. Some of those are catching up by buying healthy firms or by creating joint ventures that will move them through the twenty first century.
A second business use of the Internet is for research. You have probably used the Internet to gather information for a project or report. Businesses also use the Internet to obtain information they need in order to make decisions. A great deal of information on the Internet is free and is provided by government agencies, colleges and universities, libraries, and even private businesses.
Throughout the ages, discoveries and inventions have had major impacts on society. No inventions in recent years have had a greater impact than the computer, Internet, World Wide Web, and wireless communications. These new tools have profoundly affected the personal work lives and millions of other workers. New technologies have made dizzying changes in the way we live and work, and the pace of change is not likely to slow in the years ahead.
The traditional business office that once operated with filing cabinets, typewriters, and secretaries was labor intensive when compared to the contemporary electronic office. Simple business transactions that once took weeks of paper handling are now processed in minutes. Now workers create and store most documents electronically.
Competition is the rivalry among companies for consumer dollars. Competition, however, does not always operate smoothly by itself. To provide for fair competition, government has passed laws and created regulations to enforce the laws. These laws and regulations grow out of a need to preserve competition, which is done, in part, by controlling monopolies and unfair business practices. Firms that cannot survive in a competitive atmosphere either go out of business or face bankruptcy.
Even the nature of how businesses are organized and operated has been permanently affected. The world is in the middle of a major shift in how business is conducted. Just as cars, planes, television, telephones, and computers changed life during the last century; the marketing system is changing life in this century.
With faster access to information about our sales, our partner activities, and most important, our customers, we are able to react faster to problems and opportunities.
Businesses either move with the technology or fade away. Well-managed firms do not stand still. How much additional change will occur during the next decade? No one knows, because these are dynamic times. What is known, however, is that change is constant and is occurring at amazing speeds. Rapid change has been occurring in nearly every industry and in most countries. Slow moving firms are attempting to catch up. Some of those are catching up by buying healthy firms or by creating joint ventures that will move them through the twenty first century.
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