BUBBLE BURST:
HAS THE INTERNET CHANGED THE focussing BUSINESS IS DONE?
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www.theiet.org/management
he impact of Internet appear engine Google straddles the worlds of technology finance, , marketing, job hunting, make up personal dating. Since it was put down up by a couple of Stamford University PhD students in 1998, Google has freehanded into the worlds biggest media company and now employs 8000 people, yet its pigment marketing service Internet searching didnt even exist a decade ago. Now, it receives about a one million million search requests per day . Recently Google agreed a $900m dole out with MySpace, a , social networking site that holds photos, web logs (blogs), forums and email, in a bid to attract more(prenominal) online users to their own site, and in October this year, it bought YouTube, a video-sharing website. This move indicates how important Google expects online video to become as viewing audience and advertisers migrate from conventional television. Research has found that 16-24 year-olds are twist off television and radio to spend up to one-third hours online each week. If this trend accelerates, it poses a serious challenge for advertisers who necessity to appeal to this section of the market. Distribution and retailing are to a fault seeing dramatic changes indicating that e-tailing is here with a vengeance.
In July prat Lewiss flagship store, Peter Jones in Chelsea, , found its website sales overtook its bricks and plaster sales. As the bases managing director pointed out: plurality are using our site to not only stock online, but do research and comparisons and then complete their purchases in store or over the phone. By next year, he reckons, the website could overtake the current top store in Oxford Street.
Wilf Altman looks at business on the web
Dixons is the latest retailer to switch more aggressively to online selling to compete with other e-tailers. Another group brand, Currys, together with the remaining Dixons stores, has been renamed Currys.digital. John Clare, chief...If you want to get a full essay, order it on our website: Ordercustompaper.com
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