MKT 235 IU The Internet Evolution and Affect on Communication & Marketing Essay

Can you help me understand this Marketing question?

Learning Objectives Covered

  • LO 01.01 – Discuss the history and uses of the Internet in workplace communications.
  • LO 01.02 – Recognize the effects of new technology on society and on business activities.

Career Relevancy

The Internet has drastically changed the world of business and marketing. Consumers have embraced the Internet to conduct their business and shopping transactions. While the Internet may have started as a communication technology, it has become the world of business for commercial transactions. Companies have developed e-business and creative online value propositions to engage customers. Customers gain value through rich content, customization, Internet communities, convenience, choice, and cost-reduction. However, not all consumers shop on the Internet, and thus businesses still need to consider non-digital selling and marketing strategies.

Background

MKT235_D1-2.jpg

As businesses consider their approach to e-commerce and e-business, the benefits are increased revenue based on the larger customer base and encouraging repeat purchases from loyal customers. The company can also improve profitability through cost reductions in staffing, materials, and transportation costs. On the other hand, some businesses may not see as much benefit from offering their services or products over the Internet. For example, if the company does not have products to sell but delivers a service locally instead, such as a plumber, they may not see the value of a strong Internet presence. Still, all businesses today need to have some visibility online.

E-commerce involves online shopping, basically retailing, although manufacturers and distributors also engage in e-commerce. E-business is a broader term that encompasses the technology that business uses (such as interactions with external suppliers) and the electronic processes and procedures. E-commerce has a direct interaction with the consumer and the sale of products or services. Yet almost every business needs to engage in e-business and ensure that they have a visible presence online.

Consumers now search for information and reviews on service-oriented businesses. They also want to compare pricing, as well as understanding the services that a business has to offer. This may create challenges for small businesses that do not have the expertise to build websites.

However, businesses can leverage the use of social media to reach clients. It does not take much expertise to put a business onto Facebook. One of the advantages of using social media is the ability to tell the story of the business and become a part of the local community. Plus, it becomes much easier to reach local consumers.

What businesses have to remember is that marketing is no longer a one-way street. While businesses can utilize digital strategies to deliver messages, the real benefit to consumers from e-business is the ability to interact with other consumers, search for information, compare costs, and compare value.

No matter how a business decides to create an online presence, it needs to ensure that enough customers see the messages. This is known as impressions. Similar to market share, an impression share (primarily used in Google Ads) is the percentage of impressions that the company receives when compared to all impressions offering the same product or service.

Marketers need to deliver the brand message consistently across all digital platforms (and non-digital as well) as they launch products and engage with customers. The marketing plan is based on the analysis of the external business environment; however, marketers need to remember that the Internet enables them to micro-segment their target market based on consumer behaviors and business trends. Branding, identity, and images all need to align as companies differentiate their products.

Resources and References

Juneja, P. (n.d.). Basic understanding of e-commerce. MSG Management Study Guide. Retrieved from https://www.managementstudyguide.com/understanding-e-commerce.htm (Links to an external site.)

Smith, K. (2018, January 2nd). 15 reasons why marketing through social media is a must for every small business. Lyfe Marketing. Retrieved from https://www.lyfemarketing.com/blog/marketing-through-social-media/ (Links to an external site.)

Prompt

Describe the evolution of Internet use for communication and marketing. What changes do you see in terms of accountability for communication?

For your peer response, discuss how technology may continue impacting how we are held accountable in terms of communication.

For your citation, you might use articles that show examples of accountability in communication. You can also find articles from experts that suggest how to hold ourselves and each other accountable as it relates to communication.

Your initial and reply posts should work to develop a group understanding of this topic. Challenge each other. Build on each other. Always be respectful but discuss this and figure it out together.

Reply Requirements

You must submit:

  • 1 main post of 550+ words with 1 in-text citation and reference (follow the Institution Writing Guidelines)

Responses can be addressed to both your initial thread and other threads but must be:

  • Unique (no repeating something you already said)
  • Substantial in nature, which means there has to be some meat to the reply, not something like: “Good job, Rasha, your post is excellent.” A substantial post will do one of the following:
    1. Extend the conversation deeper,
    2. Challenge the post being responded to, or
    3. Take the conversation in a career-relevant tangent

superadmin (28431)
New York University
15 MILLION STUDENTS HELPED!

Sign up to view the full answer

View Answer

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
Have a homework question? Get help from verified tutors now!

Are you looking for Assignment Help save 10% with this code GEEKS10