Internet and modern business establishment

While business technology often is used through personal computers, server storage and point-of-sale or cash register systems, another major technological advancement is the Internet, which has created new communication forms and other business methods that companies use when processing financial and business information.

Structures

A significant feature of e-business is the ability to communicate and transfer information via the Internet. Many companies use e-mail servers that allow managers and employees to send internal messages or information through e-mail communication mediums. Companies also have developed business websites that allow consumers to review information about the company and its products before making purchases. These websites also provide consumers with a means for communicating with the company.

Evidences

The Internet has created an entire business function commonly referred to as e-business or e-commerce. E-business represents the use of Internet and business technology in a company’s operations. Most companies in the business environment have implemented some form of Internet or business technology into their business operations. While some companies faced the major changeover when developing an e-business function, other companies may have been on the edge of this technology before the widespread use of the Internet.

Function

The Internet also has allowed companies to find ways for lowering operational costs and saving capital on production of goods or services. . Companies also can enhance their supply chain by communicating information to the distributors, warehouses and retailers that handle the company’s products.

Companies often implement business software to track various business operations and review the efficiency and effectiveness of each department. These business software packages help managers review information in a real-time format and make better or more-informed decisions regarding the efficiency of operations

Special effects

Many companies in the traditional business environment were unable to directly sell goods or services to consumers and other businesses. These companies, such as manufacturing and intermediate goods producers, often needed a middleman to help sell goods in the business environment. The Internet allows these companies to set up websites or other electronic order systems to sell products and generate a pipeline for future business sales.