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Internets Effect On Business

Essay by   •  December 29, 2010  •  911 Words (4 Pages)  •  1,290 Views

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Internets Effect on Business

The Internet has revolutionized the computer and communications throughout the world like nothing before. It was not until the 1960's when the concept of the internet was created by Joseph Licklider of the Massachusetts Institute of Technology. Licklider created several memos on what he envisioned as a way for researchers and educators to share information. Within a few years Licklider and other researchers were hired by the Defense Advanced Research Projects Agency to create what is now known as the internet. In 1991 the world wide web was released to the public and it was not until 1995 that the first web browser was created. The Internet has changed so much in the two decades since it came into existence and has changed the way the world will do business forever. Society has become so dependent on the internet; we can only imagine what it would be like to not have access. The effect that the internet has had on business has changed social networking, sales, and global economy.

An important effect that the internet has changed is social networking. Social networking has made a significant change on job opportunities that are available throughout the world. The best way to explain social networking is to meet other people in order to create better working or job opportunities. There are several websites that have been created that focus on different industries within the work force. Websites such as MySpace, LinkedIn, and Facebook has given people the chance to connect with others from around the world. Gone are the days of typing a resume and taking it to the human resource department of a company that you would like to work with. People no longer need to place their resume in the mail, within a few minutes your resume can be uploaded to a website and sent around the world. There are websites that have been created with the sole purpose of locating and posting resumes for new jobs. Monster and Careerbulider are websites that have outlasted others for employers to search resumes and place job openings. This has given people the chance to not only find the job that best fits them locally, but around the world.

A more important effect on business has been internet sales. Internet sales have almost doubled every year for the last ten years. This has given people the opportunity to start a business from the comfort of their own home with little or no money and increase their income. Several new companies have been created with the only purpose of selling items on the internet. Companies such as eBay and Amazon started as a small internet business to become a billion dollar corporation. Online sales are referred to as electronic commerce, more commonly known as e-commerce. On the other hand, internet sales have given people the chance to purchase items at a lower price and increase competition. Leaving your home is now an option when it is time for Christmas shopping. All your purchases can now be made from your home without having to worry about battling people at stores for last minute deals. Remember rushing to Blockbuster on Friday night to only find the left over movies that have been picked through? We can now turn

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