The Affect of the Internet on Jordans Economy - 1714 Words

1. INTRODUCTION The phenomenal growth of the internet since the mid- 1990s is an unprecedented event in the history of information and communications technology (Chircu et al, 2000). The internet has already fundamentally changed the way many organizations think about and perform their work. The last few years have shown us the revolution of e-commerce in all over the world; so many organizations take this opportunity in our dynamic environment and adapt themselves in order to take the benefits of this new business model. To improve profits and achieve strategic sustainability in a rapidly changing competitive environment, many Websites have been repackaging themselves by targeting new markets, expanding into the offline world, forming alliances, licensing software, and adjusting their core offering to focus on the most profitable products and customers (Chircu et al, 2000). It’s also important to recognize that ecommerce applications are business in itself rather than only supporting it. E-c ommerce is defined as â€Å"the exchange of money, information, services, and products between economic entities over the internet, networks, and other digital technologies† (laudon laudon, 2004). E-commerce involves any business transaction executed electronically between parties such as companies â€Å"B2B† business-tobusiness, companies and consumer â€Å"B2C† (business-to-consumer), participant individuals with one serving as a buyer and the other as a seller â€Å"C2C† (consumer-toconsumer),Show MoreRelatedPerfect Competition : A Market Structure1942 Words   |  8 Pagesare many cable companies so Comcast on a mission to create a monopoly again. Comcast and Time Warner are two major internet service providers (ISP’s) who are used to getting there way and want to merge to form a monopoly (Copps, 2015). 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