Impact of the Internet on Business in the Middle East Essay -- Informa

forward-looking online consumer behavior in the eye East and globally demands changes in incorporated strategyInternet usage that involves online collaboration, networking amidst individual users, and user- drawd content - cognize as Web 2.0 - is growing rapidly and is changing the way companies in the Middle East operate, a youthful Booz Allen Hamilton study has found.Consumers no chronic visit the Internet to passively take in content rather, they be actively creating content themselves. In this new era of inter application, corporations must be assured of what is taking place on the Internet and in social media spaces the like MySpace, Wikipedia, and Second Life. They also must decide how to participate in this new world. They must develop a strategy to address the threats posed by Web 2.0 and seize the opportunities it offers. This is equally true for corporations operating in the Middle East, where Web 2.0 sites have a dedicated following, said Jad Hajj, an associate w ith Booz Allen Hamilton, a global management consulting firm with offices throughout the MENA region. He added that companies also may need to change their business models to better fit the new online environment. Those that brush off the growing trend of Web 2.0 usage do so at their own peril, he warned. To understand the full scale of Web 2.0 activity and learn how it might affect consumer behavior, Booz Allen conducted a first-of-its-kind study to investigate trends in Web 2.0 usage, including social behavior and networking, usage of communication and Internet services, and client expenditure. As part of the study, 4,570 individuals in the Middle East, Germany, the United Kingdom, Brazil, and the United States were surveyed between August 2006 and January 2007... ... certain populations. For example, companies that want to target professionals may choose to communicate on LinkedIn, a business-oriented social networking site, whereas companies targeting the youth market may g ive notice (of) on FunkySexyCool, a mobile-oriented social network run in cooperation with MTV. guest service Web 2.0 platforms offer companies the ability to create very interactional high-quality customer service sites that network together customers, staff, and suppliers. In addition, companies can create customer service sites moderated by full-time employees that encourage end-user created content and childlike participation among users - enhancing consumers customer service experience and building loyalty. Branding in that respect are increasing opportunities to brand companies on Web 2.0 sites, also at a much more favorable cost than through separate media channels.