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21st Century Businesses using Web 2.0 by Mind Map: 21st Century
Businesses using
Web 2.0
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21st Century Businesses using Web 2.0

What is web 2.0 ?

A Variety of social and business networks that connects you to vast fully functional cyber world.

The second Generation of web based services

Many call Web 2.0 advanced web Technology

Interpersonal Computing

Using online technology to connect people to each other in social networks

Web services

Components of online web functions which interlink multiple services to specified web sites - eg: an easy payment option using pay pal, on your businesses product webpage

Web 2.0 sites :

Myspace Facebook and youtube

How does web 2.0 connect you ?

Its as simple as developing a website, that would represent your business.

With a versatile range of social and business networks, web 2.0 applications and web sites such as MySpace will greatly benefit the way you do business.

what part will web 2.0 play in your business

When connected to web 2.0 you have access to your external environment.

Competitors

Suppliers

Customers

Investors

Employees

Welcome to a more sophisticated and advanced way of doing business

Web 2.0 has given every business a new competitive edge.

The marketing function of firms have taken advertising to an extreme level

With online transactions and automatic research including data analysis, this all together lowers a firms operating expenses drastically .

Connections

Using Web 2.0 it will now become easier than ever to communicate with the out side world.

saving you production costs

providing you with reliable and relevant information.

Updating you on you competitors newest move.

Easily connecting form a variety of different networks, such it be phones Computers Blackberry

Safety Issue

Advantages of web 2.0

secure online banking/money transactions

Easy access to clients

Links people through mutual business connections

Inexpensive advertising

Disadvantages of being so connected

personal information is at risk

viruses could destroy data

Connecting your business functions and creating a synergy.

Product developing

Knowing what to produce at what quantity.

Sales

knowing were you demand lies and which market would be more profitable.

Marketing

Making you customers more aware of what you have to offer, creating a demand.

Customer Service

The concept added value pays an important roll in attracting online customers.

Human resources

Financing

Business online strategies

Social Marketing

Businesses can now easily use social networking to achieve faster and cheaper advertising., FaceBook, Myspace, Youtube

Business Costs

Decrease traveling costs

Videoconferencing between firms across the globe

STUDENT NUMBER

10417002

Xavier John Gerard Trollope