How has the Internet changed business in positive ways?
Implementation of Internet technologies in every industry has helped remove layers of transactions and shorten the 'distance' between the supplier and the consumer.
For many, this has meant major adjustments in consuming; for business, major adjustments to classic business practices. For example, a business has been able to reduce:
In many ways, some industries have been able to change their business models and become more profitable. Examples here are:
For many, this has meant major adjustments in consuming; for business, major adjustments to classic business practices. For example, a business has been able to reduce:
- People and staff
- Inventory investments and stocking requirements
- Challenges involved in dealing with multiple distribution channels
In many ways, some industries have been able to change their business models and become more profitable. Examples here are:
- Book publishing
- Music packaging
- Movie distribution
- Banking
- Education
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