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Finance Accounting & Management
Member rating: No Rating | Words: | Submitted: Tue Jun 20 2006
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Avinash Chowdhury UB 01108194 MA Finance Accounting & Management Word Count: 1755 2. "The Internet has been a technological revolution that has transformed whole industries" There is no doubting the success of the Internet. Since the enormous growth resulting from the 1990s internet revolution, it has become a tool companies in many industries in many countries use to fulfil their aims and objectives. According to Gates (2000), it has 'spawned entirely new industries, transformed existing ones and become a global cultural phenomenon'. This essay highlights the reasons for the Internet's success (referring to specific industries), its effect on organisations and future potential for companies in both B2B and B2C markets. The Internet can be defined as 'consisting of a worldwide network of computers that use the TCP/IP network protocols to facilitate data transmission and exchange' (www.hyperdictionary.com). By connecting computers in faraway places, it has effectively shrunk the span of the earth easing communications and information...
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