Managerial Application 1.4 The Internet Revolution In the fifteenth century, the printing press made widespread dissemin

[answerhappygod]

Managerial Application 1 4 The Internet Revolution In The Fifteenth Century The Printing Press Made Widespread Dissemin 1 (131.84 KiB) Viewed 27 times

Write a long commentary paper about this article. The commentarypaper must include opinion, interpretation, character and subject'sfeelings, personal reaction and evaluations.
Managerial Application 1.4 The Internet Revolution In the fifteenth century, the printing press made widespread dissemination of written information easy and inexpensive. The printing press sends information from the printer to the general public. It is a one-way method of communication. In the new millennium, we have the Internet. Not only is transmitting information via the Internet cheaper and faster than in the printed form, but it is also a two-way method of communication. The Internet is a revolutionary communications tool because it has the potential for feedback from one consumer to another, or from one company to another. For the first time, the Internet gives firms and their customers in New York City, in Jackson Hole, Wyoming, and in the wilds of Africa the same timely access to widely publicized economic news and information. With the Internet, up-to-the-minute global news and analysis are just mouse clicks away. The Internet also gives global consumers and businesses the opportunity to communicate with one another and thereby creates fresh news and information. Over the Internet, customers can communicate about pricing or product quality concerns. Businesses can communicate about the threat posed by potential competitors. The Internet makes the production of economic news and information democratic by reducing the information-gathering advantages of very large corporations and the traditional print and broadcast media. With the Internet, the ability to communicate economic news and information around the globe is just a mouse click away. With the Internet, companies are able to keep in touch with suppliers on a continuous basis. Internet technology makes "just in time" production possible, if not mandatory. It also puts companies in touch with their customers 24 hours a day, 7 days a week. 24/7 is more than a way of doing business; it has become the battle cry of the customer-focused organization. Internet technology is a blessing for efficient companies with products customers crave. It is a curse for the inefficient and slow to adapt. See: "Dictators and the Internet," The Wall Street Journal Online, October 9, 2007, http://online.wsj.com.