Internet Research Paper Example | Topics and Well Written Essays - 3000 words - 1

Internet - Research Paper Example Rather it takes few seconds to draft a mail, get real time updates on employee performance, fetching financial information, etc. It has led to process automation. In other words it has become the most important resource in an organization. In the advent of globalization where organizations conduct business across a host of nations either through transnational or multinational entity, internet has become the most critical resource. Trade facilitation would not have been much effective had there been no internet. This has not only led to expedition of business processes, but it has simultaneously reduced the cost of operations. Organizations only incur the initial cost of setting up the process, but the long run cost of business is significantly reduced. Earlier organizations would incur significant printing charges, postal charges, high manpower cost, etc which has been almost reduced to zero or has become negligible after the implementation of internet. With growing competition, organizations want to enjoy competitive advantage and be on the top. This requires it to reduce its cost in order to earn higher profits. Internet has led the technological innovation in businesses around the globe. Organizational effectiveness and efficiency refers to the achievement of targets and objectives in less time and with optimum utilization of resources. Resources are limited and cannot be utilized in full capacity to meet strategic organizational goals. To ensure business sustainability, internet has become the most critical medium why organizations use it to run its business operations. It has become the most innovative medium through which information is communicated. It refers to the transmission of information and communication through electronic channel. Data and information has become the medium of exchange and might replace money in