The Impact Of The Internet On Entrepreneur Ventures

The doctor Of The internet On Entrepreneur VenturesIntroductionIn recent years, profit is more than than and more popular and finishly to concourse in a variable fields. Internet was procedured as a tool for helping them to connect and testing entropy or advising what they cook in. close memorializeprisers in addition companionable occasion this tool as a let out of creating advantage deary for their caper but some sentences it also makes some trouble. Some negative meetings of meshing on the inclosepriser venture such(prenominal)(prenominal)(prenominal) as credential or lost productivity that make the enterpriser take a standoff of problem. However, almost impacts of the meshwork on entrepreneurial ventures is considerably such as raise the capacity of entrance moneying information by dint of net income, affix die cap top executiveiness among entrepreneurs and an separate(prenominal)s mint, help to achieve the target specific venture firm, i ncrease the efficiency of the submission process and specially support marketing strategy.Impact of the net on entrepreneur venturesInternet is a populationwide communicate of networks. It is also the network of networks that connects megs computers (called hosts). The Internet is the virtual space in which users distribute and receive email, login to remote computers (telnet), browse databases of information (gopher, World extensive Web, WAIS), and trip and receive programs (ftp) contained on these computers. (linux. just about.com, 2010)Negative impacts of meshwork dismiss make the entrepreneur ventures have to subject the risk such as security leak, therefore they mustinessiness find the slipway to visualise and limit these problems. However, it is no inquiry that profit has much more positive impact on the entrepreneur venture. As I mention below, I willing discuss about the impact of internet on entrepreneur ventures and illustrate with some object lesson to d emonstrate the benefit of study internet.Firstly, the most effective impact of internet is the security of the information. Many concernes conducted online get the trouble and it becomes majors concerns. There ar a number of cases which the transactions be able to become unsecured because the information quite a little be leaked out when entrepreneur use internet in taking transaction. An example is in twenty-four hour period by day transactions, major security threats such as hackers, virus, or e-terrorism. Breaches of security such as thefts of data and information on several(prenominal) occasions atomic number 18 able to lead investors or customers to question the safety of doing barter online, which dismiss hurt business further by lowering confidence aims. However, internet shadow push the ability to quick access more information of the entrepreneur ventures. The rich and sufficient of the internet help the businessman to look to and find any information and data that ar being support for their syllabuss. As can be seen, internet creates the wide environment business for all businessmen and it innovate the businessmen to search for business opportunities or investors whose be the same ideas and goal in business. Long clock times ago, when the internet have not yet development, the entrepreneurs had to waste a long time to find the information that might support for their business through and through books, give-and-takepaper, tuner and others sources, however, these information might be not enough. Moreover, they just completely tuck information in a small field of operation such as in their own unpolished or several countries around them. The demarcation of the information made more companies not able to connect and modify the development of the world, hence the economic was limited. Today, basing on internet, the entrepreneurs can find and seek to whatever they want such as information of the competitors, update refreshfuls of the business environment in the world, thus it is easier for entrepreneurs to catch up with orientations of the world market. Hence, if the entrepreneur can control the data security system, backup data and training employees, internet can support to the entrepreneur take the full advantage of it.Secondly, another impact of internet on entrepreneur ventures is the employees productivity. As can be seen, the entrepreneur ventures ofttimes worry that using the internet at work will reduce the jobs performance because their employees do not focus on their job or neglect their duty in the working hours. It is a fact that workers spend a substantial fall of their workday replying to personal email, web surfing, following live sporting events and so on. Even for scenarios in which employees atomic number 18 not required with computers, the availability of radio execute internet on phone and other mobile devices creates a invariant swarm of distraction that can cut into work time. moreover it is unquestionable that internet can enhance communicate capability among entrepreneurs, their staffs and their partners. Some companies are using the internet to make indirect connections with their customer or rev up relations with some their trading partners for the first time. Using the internet technologies and access options has overstateed the capabilities of laptops, desktops and workstation. Thus, businessmen are able to communicate with each other via email, office intranet, local area networks, install message programs and wide area networks. In addition, internet is always up to date and it requires users improve themselves to control and taking full advantages from this tool. The entrepreneur ventures ex smorgasbord news and information with their employees and their partners through internet such as information about analyse of finance, new likely competitors, the strategies to develop their product, the view of the others businessmen or the experience and strategies of the success businessman and so on. After that, the entrepreneur venture might be collect this information to tax the global market and fix the outmatch strategy for their business. Therefore, internet makes entrepreneurs dynamic and catches up with changing of the world.Thirdly, internet is ability to affect on achieving the target specific venture firm. The information from internet caters a go against understanding of the requirement connect with venture prep as wellhead as providing a window into what the venture society perceives. The businessman can intimately discover the potential market or hot areas in which to invest. An example is venture capitalist. The seekers submit their business plan to companies where they have the best chance of receiving funds. The ventures capitalists receive the types of applications and choosing what they are most stakes in. Therefore, the entrepreneurs have a much puffyr selection of firms to work with, a better cha nce for a successful investment and a better in the relationships. In addition, the business plans online and applications can be accepted by some venture firms. The venture capitalist often considered business plans brought to their anxiety through industry contracts or previous clients in traditionally. But instanter these limitations are changing because the venture firms use a web heading to open their doors to all entrepreneurs. Besides, the entrepreneur uses email to exchange executive summaries of business plans. All of partners can share a common mail innkeeper and it also allows wad to route plans quicker because they can work at work or at home or even to check submissions when they are on the road. Internet also bring home the bacons the system to support business. It allows members well-to-do access to the pool of sources it limited the resources available to outsiders and non-members. Moreover, the entrepreneur use internet to research reports, information on wh o is working on what technology, news and so on. Internet also allow the entrepreneurial ventures to use personal resources to hindrance abreast of what is happening, providing a quantum leap in productivity.Finally, internet also impact on the process to build image and reputation for the business. The entrepreneur ventures use their own website as a tool to closer with the world market. Internet helps customers to connect with the website of the corporation to find whatever they necessarily and wants. Website with its ability to create and display colourful graphic, sound, animation and goggle box allows companies to compete and surpass with their large rivals Web presence. In particular, many small businesses with the limitation of capital and their power, they are not ability to match their marketing efforts of their large competitions, thus, using the website through internet that it is the best way for them to achieve the great equalizer. A business with a proper marketing strategy in place, it uses the web to expand its ability to provide customer service at minimal cost. The potential customers in all over the world just only need to click on the website and they can know about the product or function of the company. In consequence, the entrepreneurs do not necessary to waste a lot of money for advertising in other media such as television or radio. Besides, products can be change or arranged 24 hours a day, seven days a week, and 365 days a year without the need for support staff. Hence, it can help to reduce the bare costs that are associated with commiting. In addition, using website allows entrepreneurs to support both animate and potential customers with meaningful information in an interactive rather than the nonoperational setting. Company might display what they want to advertise for their customers such as background of the company and its history, kinds of products and services, benefit that customer can achieve and video of its pr oduct and service in use and so on. On the other hand, customers can collect information about a product or service, have their question answered, and place order easily and so on. one and only(a) of the examples that internet and website help entrepreneur to expand the business is the case of Jill Anne Partain.She has a company that make unique handbags, and she received $500 as a college graduation gift. She chooses Lexington in Virginia instead of New York to locate her business and using her companys website to sell handbags. Ignorance a lot of the ideas which Partain think that they would be the ideal billet for her business, she choose website. Partain explained since she was selling over the web, it did not matter where her manufacture is. Now, her company turn out about 5000 handbags a year and more than $ 1.3 million in sales from one of those old converted Virginia textile mills.It is easily to realize that Partain have a enceinte success and benefit when she use websit e as a best strategy to connect her product with her customers. She set up her company in a small city where not a fashion capital is. However, basing on internet and website, a lot of shopaholics are still attracted and persuaded by her handbags design. Thus, the bar of handbags and profit that she achieves, are more and more change magnitudely. decisionIn conclusion, the impact of the internet on the entrepreneur venture is very enormous and it plays more and more important in the improvement of the business in the global economic. Although using the internet also have many problems, nevertheless, if the entrepreneur venture know how to solve these problem, they can solve their jobs better information can be update faster, people can connect easier. For that reason, if the entrepreneur ventures know how to control and use internet, they will achieve great success in their business.2) Discuss the importance of environmental issues and opportunities that can be tapped by entrepren eurs.IntroductionThe importance of entrepreneurship to any economy is like that of entrepreneurship in any community. Entrepreneurial activity and the resultant financial gain are always of benefit to a country. Therefore, every country in the world has entrepreneurs, people who are creative and willing to take risks. But not all economies encourage their entrepreneurs to succeed in ontogeny new products, ideas or services and getting them to consumers. An economic system must provide incentives that encourage entrepreneurs to risk trying something new. The most important incentives for entrepreneurs are the opportunities and environmental factors.OpportunityMost entrepreneurial firms are started with purpose the opportunities. The prospect is very importance. It is a favourable set of circumstances that creates the need for a new product, service, or business idea. An chance has four essential qualities it is attractive, durable, incidentally and anchored in a product, servi ce or business that creates or adds tax for its barter forer or end user. The entrepreneurs usually use three ways to identify an hazard. There are observing trim downs, solving a problem and finding Gaps in the marketplace.Entrepreneurial opportunities as situations in which new goods, services, in the altogether materials, markets and organizing methods can be introduced through the formation of new means, ends, or means-ends relationships. These situations do not need to change the terms of economic exchange to be entrepreneurial opportunities, but only need to have the potential to transfigure the terms of economic exchange. In addition, unlike optimizing or satisfying decisions, in which the ends that the decision cleric is trying to achieve and the means that the decision maker will employ are given, entrepreneurial decisions are creative decisions. ace of the important opportunities is window of opportunity. When the window of opportunity open, it can help a firm enter s a new market. As the market grows, firm enter and try to establish a profitable position. The computer, for example, paved the way for the Internet, which, in turn, paved the way for search engines and software to explore the World Wide Web, which, in turn, created a new way for people to shop and prevail valuable information, and on and on. A wealthy economy is one abundant with superior contributions and the entrepreneurial opportunities created by them.Opportunities can also be categorise on whether the changes that fuss them exist on the demand or the hang on side. In general, the entrepreneurship literature implicitly focuses on supply side changes. For example, most discussions of opportunity concern changes in inputs, ways of organizing, take processes, or products. But changes in demand alone can sustain opportunities. Customer preferences operate the allocation of resources because producers need to respond to the preferences and purchasing habits of consumers. Th us, demand changes from exogenous shifts in culture, perception, tastes, or mood can open up opportunities, as in the case of demand for American flags in response to a terrorist attack. The opportunity is created if the increase in demand outpaces investments in production capacity, generating opportunities to add more capacity, perhaps on more economic terms. In addition, growing markets might create new niches as well as the opportunity to markIn fact, the entrepreneurs improve established products and services, or they create new ones. With them, the opportunities that can find in the recent business are very important. Therefore, they must use every condition to develop these opportunities. For example, the discovery that seaweed could be sold as a food in the get together States as well as Japan generates the opportunity for entrepreneurial activity, as did the discovery that oil provided a better fuel than many other raw materials antecedently discovered. In brief, new met hods of production, such as the assembly line or computer-aided drug discovery, have provided opportunities for entrepreneurial profit.The creation of a new good or service can create an opportunity for entrepreneurial profit, as is the case when the development of accounting software or a working(a) device makes possible a product or service that can be sold for greater than its cost of production. However, as we have seen from the development of the Internet, new modes of organizing that do not require bricks and mortar locations also generate opportunities for entrepreneurial profit.Opportunity conditions are defined by the amount, variety, and source of possible solutions. For example, some industries whitethorn benefit from advances in basic scientific understanding, such as biotechnology or semiconductors, while others may not. Opportunity conditions are most favourable when for a given investment the likelihood of achieving alteration is high and when it is possible to use a single development for duplex solutions.Environmental issuesEconomic ForcesWhen study how economic forces affect opportunities, it is important to evaluate who has money to spend and who is trying to cut costs. As more teens enter the workforce, demand increases for products they barter for, such as designer clothing, mobile phone, and concert tickets or backpacking tour for instance, took off so rapidly in part because teenagers have grow levels of cash to spend. In additional, Economic forces affect consumers level of disposable income. When income is high, people are more willing to buy products or services that enhance their lives. For examples, In Vietnam, the economy is developing. There are many rich people. They spend a lot of money to buy big house, luxury car or clothes of famous brand name. These are the opportunities for entrepreneurs invest or produce more quality products to service customers in there. Besides that, an increase in the number of women in the workfo rce and their related to increase in disposable income is large responsible for the number of dress shop clothing stores targeting professional women that have opened in the past several years.another(prenominal) trend that is affected by economic factors is pressure on firms to improve their economic performance. Furthermore, many entrepreneurs have taken advantage of this trend by starting firms that help other firms control costs. In the chemic industry, for example, ChemConnect (founded in 1995) provides an online marketplace to make it less expensive for chemical companies to buy and sell chemicals on a global scale. Moreover, an industry might face macro-level inefficient allocation of resources, such as investments in large-scale production facilities that serve markets with cyclical demand. These cyclical enterprises are frequently accompanied by rising demand and poor performance, are typically profitable only at peak points in the industry cycle, and therefore signal tha t a superior business model or production plan may be more profitable.Social ForcesAn understanding of the impact of social forces on trends and how they affect new product, service, and business ideas is a fundamental piece of the opportunity recognition puzzle. For example, the Sony Walkman was developed not because customers cherished smaller radios, but because people wanted to listen to music while on the move- while sit the subway and while exercising. Besides that, Shifts in societal demographics also generate and close off opportunities. For example, the aging of the baby boomers generates opportunities for reallocation of resources from products and services to children to products and services for the elderly and the growth of the Hispanic population in some areas of the United States has produced opportunities to start Spanish radio stations. Additional recent social trends that allow for new opportunities are the followingFamily and work patternsThe aging of the popula tionThe increasing diversity in the workplaceThe globalization of industriesThe increasing focus on health care and fitnessThe proliferation of computers and the InternetThe continual increase in the number of cell phone usersNew forms of music and other types of merrimentTechnological advancesThe advances in technology frequently dovetail with economic and social changes to create opportunities. Many e-commerce sites are technological marvels, allowing a customer to order products, pay for them, and choose how quickly they are shipped. But again, it is not so much the technology that makes e-commerce attractive. The ultimate reason most people buy online is because they are busy and prefer to shop when they have free time rather than being restricted to traditional store hours and store location.Another aspect of technological advances is that once a technology is created, products often turn out to advance it. For example, RealNetworks was launched to add video capabilities to t he Internet, which took the Internet to the next level. Moreover, the technological advances often provide opportunities to help people satisfy basic needs in better or more convenient way. In many areas peoples needs dont change over time. For instance, people who share have always wanted to minimize the number of nicks and shaving time and get as close a shave as possible. These and other shaving-related desires will probably never change. policy-making Action and Regulatory ChangesPolitical and regulatory changes also provide the basis for opportunities. For example, new laws create opportunities for entrepreneurs to start firms to help companies comply with these laws. The feat of government power influences the volume, distribution, and types of opportunities available. For example, government actions to manage the macro-economy, such as efforts to change the money supply or interest rates influence entrepreneurial opportunities. Similarly, regulatory intervention has altered the structure of industries thereby creating opportunities for new entrants. Anti-trust and deregulation of industries by the United States Government has created opportunities in industries such as telecommunications, airlines, trucking, railroads, banking, and native gas. Besides, in the electric power industry, for example, government actions have influenced the variety and amount of entrepreneurial opportunities. In that industry, federal regulation has (1) changed the market structure (2) created markets through the establishment of purchasing guidelines for alternative power producers and (3) regulated returns on capital.Political change also engenders new business and product opportunities. For instance, global political instability and the threat of terrorism have resulted in many firms nice more security conscious. These companies need new products and services to protect their somatogenic assets and intellectual property as well as to protect their customers and employe es.ConclusionThe purpose of this part was to clarify the role of opportunities and environmental issues in the entrepreneurial process. It helps us make the successful business in the future. Besides that, finding the opportunities and evaluating the environment factors also help us to choose the perfect strategies to do business.Words 3705Reference ListsOnlineJuergen Haas, about.com guide 2010. Internet, viewed 28 March 2010, http//linux.about.com/cs/linux101/g/Internet.htmDennis Hartman 1999. Negative impact of the internet on the business, viewed 1 April 2010,Jonathan T. Eckhardt, Scott A. Shane 2003, Journal of commission , 29(3) 333-3 , viewed 7 April 2010,BookThomas W. Zimmerer and Norman M. Scarborough, (2005). Essentials of entrepreneurship and small business management. fourth edition, Prentice Hall, chapter 6, p.203Barringer, Bruce and Ireland, Duane (2008) Entrepreneurship Successfully Launching New Ventures, 2nd edn, Pearson International.