Final answer:
Michael Porter views the Internet's negative influences on business, such as increased competition and pricing pressure. However, the Internet also has positive influences, including global reach and improved communication. The balance between positive and negative influences varies depending on the context.
Step-by-step explanation:
Michael Porter, a renowned economist, has a somewhat negative view of the Internet due to its negative influences on business. He identifies several negative influences, such as increased competition, pricing pressure, and the threat of substitute products. These factors can make it challenging for businesses to maintain their profitability and market share.
However, the Internet also has several positive influences on business. It provides a platform for global reach, allowing businesses to expand their customer base beyond their local geographic area. It enables businesses to engage in e-commerce, reducing costs and increasing efficiency. Additionally, the Internet facilitates communication and collaboration among employees, suppliers, and customers. Whether the positive influences outweigh the negative influences is subjective and context-dependent. Some businesses may benefit more from the positive influences, while others may struggle with the negative influences. Overall, the Internet has revolutionized the business landscape, presenting both opportunities and challenges for companies.