June 13th, 2011
From Offline to Internet business in the current Globalized Business community
Beyond a shadow of your doubt, the fast pace of technological changes and the global economy have resulted in hypercompetition because nature of today’s competitive landscape. Within the the past few years, about the availability of E-businesses, multifarious online businesses have been found due to comparatively low barriers to entry along with a tremendous amount of entrepreneurs have found the nerve to conduct their businesses online. Based on the Internet World Stats website, approximately 1/3 of the world’s human population are using the Internet and the variety of users is booming steeply. Many companies fight to survive in highly competitive market by making use of the world wide web because intensification of competition and also the undergoing procedure for globalization have resulted in high utilization of the world wide web as being a supplementary business tool.
As Prof. Michael E. Porter, that is well-known for his strategic system, mentioned in an article, titled “Strategy as well as the Internet” (in 2001), the Internet should be viewed as a complement to standard way of competing. In spite of the fact utilization of the web is highly recommended as being a blessing in disguise, it can turn into an unmitigated disaster. Nevertheless there is a relative insufficient reliable market signal and because of the distorted market behavior, the online market must be interpreted carefully to create strategic goals.
The Internet because the Strongest Business Weapon
Following the Industrial Revolution Period (the 18th, 19th centuries), there’s been a marked shift from “mass production” to “mass customization” within the last decades along with the Internet eased the process of customization.