2. Internet in a Global Economy Internet is becoming more and more important in global commerce Allows easy and fast global communication Never before has the world seen this
4. First, a littlehistory… 1492, Columbus. Sparked global exchange of goods and ideas. Led the way towards telephone, but Internet really paved the way.
5. Outsourcing When companies move a single operation overseas, to an independent foreign company Call Centers Internet is key, opens up global communication lines Good for both consumers and businesses….right?
6. Offshoring Similar to outsourcing. Instead of moving a single operation to a different, independent company, one operation will remain under control of original company, but will be done in an overseas branch. Effects on businesses and consumers are also similar to outsourcing.
7. These are bothvery important for businesses on their production side. What about delivering the products to consumers?
8. Ecommerce Amazon, eBay, craigslist. Push for all monetary transactions to be conducted digitally, online. Could lead to disappearance of real retail stores and banks
9. PayPal Offers a safe, secure way to transfer money. Originally grew big as an option for payment in eBay auctions. Ease-of-use, accessibility, and convenience were all attractive characteristics for consumers
10. PayPal & the Global Economy Levels the playing field for consumers and businesses alike. Operates in 190 markets and in 19 currencies Makes global commerce quick and painless
11. Discuss (again)!-Have you, yourfriends, or your parents everused a form of ecommerce?-Whatcouldbe the future of ecommerce, and business in general?
