Strategic implications of the internet for business.

Abstract

The business environment is becoming information intensive because of the

information revolution. Information Technology (IT) is becoming cheaper; a good

example is the rapidly falling cost of micro-computers. Thus, many businesses are

finding ways to adopt information technology to give them a competitive advantage.

The commercial use of the Internet which has increased recently is a consequent of

the information revolution. Businesses must understand what the Internet can do for

them in order to survive in this highly competitive and information intensive

environment. The objective of this paper is to identify the possible uses of the

Internet to create value for businesses and to recommend a course of action to create

competitive advantage.