SCFM – School of Business, Finance, Marketting Online

The discovery of Internet is the most dynamic innovation in the history of mankind. No doubt, as in the case of every other single innovation, there is a flip side to it too. However, the advantages outweigh the disadvantages.

A decade back, internet was almost unheard of. But today, it has emerged as the most powerful tool for men (read: businessmen) throughout the world. Though e-mail and World Wide Web are considered to be the most important constituents of the internet; nonetheless it has emerged as the best business promotional tool of the modern world. News, views from all across the world, shopping, ticket purchase, etc anything and everything is now available at the click of a mouse.

Global Village

The term Global Village typically relates to Internet and the World Wide Web. Physical distance matters no more. The openness of the web has led to the creation of on-line communities that fosters the idea of interaction between various individuals sharing same interests and concerns. Furthermore, the rapid speed of online communication and the facility to read about, spread and react to global news very rapidly makes us concerned about one another, notwithstanding the geographical limitations, thus making us take on global responsibilities. Likewise, web-connected computers help people link their web sites together. This lays the foundation of new sociological structures.

Super Information Highway

The term Super Information Highway also relates to the Internet. The internet is referred to as the treasure trove considering the wealth of Information available online. Search engines like Google and Yahoo are always there to help you out in finding the relevant data. Information on any type of data, on almost of kind of subject is available on your fingertips. From, government law and services, trade fairs and conferences, market information, new ideas and technical support, the list goes on

Nowadays, students and children are more drawn to internet for the purpose of gathering resources. Teachers give assignments that call for research on internet. Latest researches on medical issues is also posted on a consistent basis. In 1998, more than 20 million students had apparently had surfed the net to procure health information.

Entertainment

Downloading games, visiting chat rooms and surfing the web are some of the special features of Internet. Innumerable games can be downloaded from the internet for free. The industry has the caught the imagination of all the game lovers. Chat rooms are becoming popular as one can strike relationships with new and interesting people. Even marriages are now arranged via internet. News, Music, hobbies more can be found and shared on the internet.

Services

Services such as online banking, job searches, and even tickets could be purchased online for your favourite movies. Even guidance services on every aspect of life and hotel reservations can be found here.

E-Commerce

E-commerce, is yet another concept that is finding favour in business world. It simply means, buying and selling of goods and services on the internet. In practice, e-commerce and e-business are used interchangeably. E-commerce helps in making the product available at your doorsteps. Wide range of goods and services, from household items to technology and entertainment are available online for sales courtesy e-commerce sites.

Tags: Business, e-business, e-commerce., global, market information

This entry was posted on Sunday, June 20th, 2010 at 8:23 am and is filed under Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.