1. Business and the internet
Student name: heyibo lan
Student number:

2. OVERVIEW OF INTERNET AND BUSINESS
Internet has speed up business operations
Internet has enhanced effectiveness in business
Internet has enhance efficiency of business operations
Use of internet business has developed in the past few decades

3. INTERNET AS A CONTEMPORARY TOPIC
The history of internet use in business can be dated back to a few decades ago
In the past one decade the use of internet in marketing has gain prominence
Initially traditional media like TV, radio and print media were being used in advertisement
Now, internet takes the lead in marketing

4. INTERNET AS A COMTEMPORARY TOPIC
There has been an increase in the use of internet in the recent past
Access to internet has increased due to increased proliferation of smartphones
Businesses have taken advantage of increased internet access to enhance their marketing strategies

5. INTERNET AS A CONTEMPORARY TOPIC
Increased use of internet in business is not only restricted to the retail sector
Firms in the hospitality sector have adopted internet particularly in online reservation making
Firms in the airline industry have also adopted internet particularly in online ticketing
Online reservation and online ticketing have been adopted in the past few decades further showing how internet is a contemporary topic

6. INTERNET AS A CONTEMPORARY TOPIC
Internet has also been adopted by manufacturing firms
Internet has been used to enhance effectiveness and efficiency in manufacturing operations
Automation and use robotics has enabled firms to increased productivity and ensure uniform quality of output

7. IMPACT OF INTERNET ON MANAGEMENT
Internet has improved the effectiveness of business operations
Internet has led to improved decision making by managers
Internet production managers to access real time information on the production process leading to the making of high quality decisions

8. IMPACT OF INTERNET ON MANAGEMENT
Internet enhances effectiveness of marketing management
Internet makes it possible for marketing managers to access real time information about consumers’ needs enabling firms to delivering satisfactory products and services
Internet also enables marketing managers to respond to customers’ complaints on a timely basis

9. IMPACT OF INTERNET ON MANAGEMENT
Internet makes it possible for firm to reduce operational costs
The use of internet in manufacturing enables firms to automate processes leading to reduced wage expenses
The use of robotics also reduces operational costs in addition to maintaining high quality products
The automation of banking systems has led to reduced operational costs

10. IMPACT OF INTERNET ON MANAGEMENT
Internet banking, a recent phenomenon in the banking and financing sector has led to improved efficiencies
Employees can access their accounts using smartphones, check balances, download bank statements and perform virtual all bank transactions
Internet banking has reduced the wage expenses for firms increasing reducing operational costs

11. IMPACT OF INTERNET ON MANAGEMENT
Internet systems also require high maintenance costs
The company is required to spend huge resources on training and development of employees
The company also risks cyber attacks that could result into loss of confidential information or costly system downtimes

12. THANK YOU