Business Advantage Through Internet

Published Date: 02 Nov 2017

INTRODUCTION

The actual business believed to have existed since thousands of years ago. Business is the exchange of goods or services of both. This system is known as the barter system, which is a system of exchange and direct service. In the past, people would use the system to get the desired items. If a community has a different social mobility, then there is a need of a product to be exchanged directly.

After that, modern dealers, use money or money as medium for product exchange or some service given. This resulted in the concept of buying and concept of selling has become two different things. In addition, the creations of money and in turn facilitate the creation of transactions, such as credit cards, and so on have been advancing and improving the business.

Finally, at the age of science and information technology now, business has been conducted using information technology as a business through e-commerce or electronic commerce more easily and quickly. By using this method, traders no longer have to provide a large space and a high cost.

OBJECTIVE

Identify the definition of the concept

Identify the advantages of the business through the internet

Identify the disadvantages of the business through the internet.

DEFINITION CONCEPT

According to Hugles and Kumar "Business is the organized effort of individual to produce and sell for a profit, the goods and service that satisfy society’s needs".

According to the dictionary business is an organization or economic system where goods and services are exchanged for one another or for money. Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit. Businesses can be privately owned, not-for-profit or state-owned.

Information technology (IT) is the application of computers and telecommunications equipment to store, retrieve, transmit and manipulate data, often in the context of a business or other enterprise.

According to the dictionary of information technology is set of tools, processes, and methodologies (such as coding/programming, data communications, data conversion, storage and retrieval, systems analysis and design, systems control) and associated equipment employed to collect, process, and present information. In broad terms, IT also includes office automation, multimedia, and telecommunications.

According to the dictonary alignment is linking of organizational goals with the employees' personal goals. Requires common understanding of purposes and goals of the organization, and consistency between every objective and plan right down to the incentive offers.

Alignment is when all teams have the goal of perfect organization and parallel to each other and are really committed to that goal.

BUSINESS ADVANTAGE THROUGH INTERNET

Business internet otherwise known as e-commerce is a process or the transaction between merchants and consumers over the Internet.Among the advantages of the business through the internet is:

More easily and quickly

The transaction easier and faster as well as save costs. This is because, traders are able to promote and advertise their products using internet facility. As advertise using social media ie facebook, blogs, twitter and the like. In addition, it also can save transportation cost, manpower and promotional activities. In fact, it is faster and easier.

Interact directly with every customer

Dealers are able to interact directly with each customer. In addition, the interaction and feedback from customers is very important to a business. This is because; the trader can improve his business and can produce products according to customer preferences. Through the Internet, traders are able to serve our customers personally at the email space, facebook and others. Furthermore, traders can also respond to customers more effectively, quickly, easily no matter the time and place. Similarly, the customer, they can respond quickly to the services and products offered by the dealer.

Expanding market

Through internet business, traders can expand its business in the world. This is because, almost all people in a country using the Internet and information technology in everyday life. Therefore, the business is not only focused on the domestic market but also the global market. Traders can also take this opportunity to market their products and services in turn raise the name of the country and attract tourists to travel within the country.

BUSINESS DISADVANTAGE THROUGH INTERNET

Besides having many advantages, there are also some internet business drawbacks.Among the weaknesses of the internet business is

Safety aspects

This is because, there are few individuals broken into the website of a company or business, and they change the contents of which resulted in the company or business failure. This situation, not only just affect the image of the company or business but will also result in customer confidence in the company's products or business is less.

Face customer behaviour

Traders had to stand the vagaries customers are often not satisfied with the products and services marketed on the ground just to make a choice by advertisement in the internet only. This condition also causes traders had to remove the high cost of sending back the product for customer satisfaction.

Medium spread of the virus

Traders need to face the risk of computer or laptop infected with a virus. Viruses also cause system computer. In addition, traders need to produce high cost to repair the laptop and all customer information is likely to lose contact with the virus. This will because customer will wait a long time to make a reservation.

DISCUSSION

Business through able internet generate income and consequently profitable.Moreover, it is a borderless business. Therefore, traders should focus on if they want to get success in business through the internet. In addition, the most important factor in online business promotion factor. Traders should always perform a constant in order to maximize profits. Finally, the dealer must show a keen interest in internet business and see the strength in yourself that arise compatibility and fun in doing business.

CONCULUSION

In conclusion, internet business today received encouraging response from dealers and entrepreneurs who are new to doing business. In addition, the internet business is a fast, easily accessible and inexpensive in terms of cost. In addition, the risk to be borne by traders who run an internet business is very small compared to conventional traders doing business. Next, the internet business is also able to strengthen the relationship between buyers and sellers as it is done directly even without having to come face to face. Moreover, with internet facilities without borders, enable and facilitate traders have a place in the market. Finally, business through the internet we are able to customers, vendors and suppliers in the same medium and safe.