Economic
People expected to be available 24/7 with blackberries.
People expected to be available with blackberry 24/7, is an advantages for owner of the company because they can be in touch with their colleagues or customer if there is any problem. The boss/owner can provide service from work or home by using text messages, by calling on phone and using instant messaging which quick and fast. There is also a disadvantage for the owner because he/she could be connected anywhere and anytime which is not good because they would not be able take rest or share time with their family for long before someone calls or messages them.
Flexibility of working patterns, today there are many computer jobs or other jobs that you could do or work from your home which will always be good thing about a job because firstly you would not need to travel and it would save you money from spending on petrol/diesel or from spending on public transport. You would also have more time to the work since you will not be travelling. Also an advantage will be that the business owner would no t need a big building to work in it because most of their staff will be working from their home so it will save the company some money too. There is also shift working IT jobs that may have effect on your lifestyle for example shift working is where you go to work on morning for one week and the next go at night and then changing shifts each week, by doing this people might find it hard to keep up with their lifestyle.
Easier to source products from all over the world
With the help of IT and internet, it’s much easier for people to source products from all over the world; IT has improved many small and big countries such as china and India, the growth of economics in those countries and more IT is being developed to help business in those countries to become more popular and big. The good thing about sourcing product is that if you order something from china, it will benefit the customer and the china’s retailers because you will pay less for same item in pound then buying it from U.K and also retailers in china would make profit because more people from aboard will buy product from them.
Machines taking place of number of workers
IT and technology have played and will play a huge role in our lives because nowadays in every job or work, there are machines or some form of technology being used so it means that there is less need of people in those jobs but in other hand IT has created new jobs for those who are educated because almost every IT job there is, it requires IT or machine skills or some knowledge about them, for example if there is a fault or a problem in a machine there the work need to know how to repair it. Those business who use machines it will be a advantages for them because their will pay the workers regularly whereas they would only pay once for the machine and it would last for a long period of time and also they would get work done faster using IT and Technology.
Easier to set up small businesses
Someone who want to start or set up a small business, it is every easy for them to do that by making use of web and IT because it will be the most quicker and faster way to spread your business across the world. Today billions and billions of people use internet or the web every today, for commentating, for entertainment and mostly for online shopping so setting up business using web will be much easier and will expand business because of more online shopping is being made by people. Setting up business on web is an advantage because you do not need to go around handing out leaflets and posters which could take lot of time for your business to grow and to be popular.
Easier to track consumer spending – marketing
It’s easy to track consumer spending through IT and it helps any business not just EBay, Amazon and Go Compare etc, to keep records of their consumer, on how much they spent on one particular item and how many customers brought that item or product and based on results the owner can decide whether to increase number of the same product or less if there not sold that much. The owner can also see which product made them the most money and benefit for business.
How have eBay, Amazon, Last Minute, iTunes, Go Compare affected the market
Business like eBay, Amazon, last minute etc has a huge impact on the market, on eBay people can buy and sell their items, which is good for those people who want to sell because they won’t need to set up their own shop or business just to sell one item, they could sell it through or using eBay which will save money and time. Also it could affect other business owners that have/has store or shop because now day’s lot of people like do to their shopping online and by doing online shopping people can look at each websites that l listed above and get the best deal or the best price of the product.