Nowadays, lot of
business deals , negotiations and communications are being carried out online.
Do you think it is a positive or negative development. Write no less than 250 words with examples from your own experience.
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| Ielts Essay Online Business Deals |
With Information technology penetrating almost every walk of human life, people have started negotiating business online. This, as per some, is surely laden with numerous benefits despite others raising citing failings of this emerging trend.
Those vouching for this new way of conducting
business feel that this is helping businessmen save precious time – wasted otherwise
in arranging meetings and travelling – which can now be allocated to more an
essential task concerning business. People now, hardly need to travel
physically to cities and towns across the world to close the deals. What they
simply need to do is interact with their counterparts through emails,
video-conferencing, social media, and specialized facilities that help them
enter into agreements in real time virtually.
Moreover, this innovation has also assisted
in saving money and raising profit margins, which are shared mutually by both
the negotiating organizations: virtual conferences and negotiations let
businesses forego the need to fund travel; arrange expensive venues to schedule
face to face meetings; and entertain visiting delegations. To add to that, this
way has also helped eliminate middlemen, who used to charge exorbitantly for their services, and save money extended
to them as commission.
However, opponents of this new way of dealing
point out at the darker side. Online transacting and negotiations are
vulnerable to instances of outright fraud and misrepresentations. It has been,
if not often, experienced that businesses tend to fall prey to the dubious
deals, due to their counterparts concealing vital facts; thus jeopardizing the future of deals, as well as
the business.
Henceforth, even though method deliberating business
online is evolving as a convenient way, and is there to stay, it is hard to
ignore the hazards associated with it. One needs to be quite judicious interacting
with business counterparts through internet.
