Purchasing power : There is a positive correlation between person’s income and his purchasing power thus more income means more purchasing power which results in frequent buying. List advantages of operating online: Advantage How will you leverage the advantage? Easy access to the market there are many websites available for sellers which helps them to sell their product online within a short period of time such as eBay, Amazon and so on. Potential for quick growth it is easy to obtain a high rate of returns in short time with the help of e-sales with the use of good digital market strategy. Widen market online selling plays vital role in expanding the size of the market because the internet makes world global village.
Giving services to better address client issues, such as malfunctions is a good opportunity to taken advantage of. This will help grow the organization and broadening ToolsCorp 's client base. Make a solid online market presence which will offer the capacity to greatly extend the organization to a significantly more extensive group of consumers for relatively small cost. Monetary utilizing: Leveraging the accounting report permits ToolsCorp to rapidly venture into different markets and plan to present new items. New items that address the needs of potential clients, which thus expands the client base.
As one’s feelings are gradually saturated with an abundance of visual slogans, knowledge, business identity, advertisements, and views, the role of graphic design is transforming. This amount of visual culture that one process has enhanced exponentially because of technological developments, namely the internet. Growing prevalence of Graphic design is giving a new and considerable vocabulary used in the work of related artists of all varieties today. With graphic design, one is capable to establish a culture. Graphic design is now playing an important role in changing modern culture.
The Advancement of communication technology with the more extensive network of television, radio, and the Internet spread in different countries with different cultures create a society in a country can easily get information from countries around the world. This has led globalization. Globalization is the process whereby individual lives and local communities are affected by economic and cultural forces that operate world-wide (Ashcroft, Griffiths, & Tifﬁn, 2000). Opportunities
Furthermore, this brought forward new ways of communication, where people from every corner of the world are interconnected and make them reachable in every instant; thus, making the network society a global one. This results into " a dramatic increase in sociability, but a different kind of sociability, facilitated and dynamized by permanent connectivity and social networking on the web. "(Castells, 2010) Therefore, the social network sites became the preferred platforms of all kinds of activities, both business and personal. Hence, this gave way to a virtual life, where people can be present every minute. In consequence, it makes them feel connected to each other, as part of a community.
Introduction Overview of Global Management The rise and growth in technology has fostered connections around the globe and continues to do so. Many businesses have take this to their advantage to expand globally. Global management brings together the knowledge of culture, social trends, business and trade to help organizations find their stance in the global business market. This in turn aiding the organizations to work effectively with other cultures. As a global manager, one needs to know the knowledge of local practices and policies that the organization requires to partner with.
With technology being placed everywhere, more jobs will begin to open up. People will be needed in order to keep the softwares up to date and to repair the computers when something goes wrong or breaks. Another job opportunity that opens up with the advancement of technology is social media coordinators. Many businesses have begun to use social media as a way of promoting products, which allows for much more business as the social media spreads across the world. Technology has allowed for communication to become much more easy.
Web-based communication plays a huge role on public attitudes, and in turn, has a large impact on political policy making. Modern technology has made the world a place where communication is at the tip of your fingers at all times, and people can connect with one another at any given time they like, so opinions are more widespread and public than they ever were before. Because technology has made it so easy for people to give their opinions and attitudes, public figures are now able to connect with the everyday person more frequently and see where the popular votes land. Politicians are now on social media because this is where most people are now getting their news. Unlike previous decades that relied on a daily newspaper or the local news station, people have tablets and phones that they can swipe their finger and receive the latest breaking news at any given moment of the day.
Online shopping has nowadays become a widely spread way of shopping among people on different continents and in different countries. Its popularity is constantly on the rise considering the spread of Internet technologies and the increasing share of online shops in the retailing business. Online shopping activities are gaining wide spread as far as they tend to provide the consumers with numerous benefits and increase the convenience of buying without leaving the house. The popularity of online shopping grows due to a range of reasons, including its convenience as well as time- and money-saving potential. The most valuable reason for the popularity of online shopping among the people is its high convenience.
Introduction Information communication technology provides the society with new communication capabilities. People can now communicate with others using videos from others of different parts of the world, instant messaging, social media sites like face book, twitter which allows people to remain in contact and communicate and share information easily and on regular basis. The world has become a global village. Internet and computer has made the communication process very fast and has also united people. At a click of a button one is able to know what is happening to different parts of the world.