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Internet Opportunity

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The internet has created numerous opportunities for entrepreneurs to both start a new online business and/or increase a traditional business. Share your thoughts on how the Internet has contributed to small businesses.

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Solution Summary

The internet has created numerous opportunities for entrepreneurs to both start a new online business and/or increase a traditional business. Share your thoughts on how the Internet has contributed to small businesses.

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Over the past few years, developments in Internet and on-line technology have increased with the deployment of broadband and wireless communication networks and the affordability of desktop and laptop computers. As a result, businesses and individuals around the world have harnessed these new technologies to create business-to-consumer business-to-business, consumer to consumer and the other e-commerce market places.

Contribution to small business

Internet plays an extremely important role in reducing the inefficiencies and cost structure in the organizations and thus result in significant process improvement by efficient supply chain management. It helps in real time connectivity amongst all the parties related to the supply chain: the vendors, customers, employees and other related ...

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