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Challenge of strategy implementation
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Challenge of strategy implementation
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Nowadays, the popularities of the internet do change people’s life and even influence the strategy of a company. The article “Strategy and the Internet” authored by Michael Porter presents a few constructive opinions towards companies using the Internet for business that tells company should not lose the focus on building strategic development and competitive advantage. In the article, Michael Porter demonstrated that “the Internet is an extremely important technology, but it has made it difficult for companies to remain profitable over an extended time period”. (Porter, 2001) And internet leads many businesses “distort their market signals and competitive advantage”. (Porter, 2001) It is obvious that company tend to different from other which only focus on price strategies rather than through traditional methods of differentiation. (Porter, 2001) Throughout this article, Porter mainly aim to demonstrated that the Internet will weaken company’s profitability without providing proper operational advantages, because the proper use of internet will add value and increase company’s traditional competitive advantage, but it is unlikely for company to replace it. (Porter, 2001) It is true that internet business I increasing booming, because the new internet market is still developing in fast pace, every company want to be more profitable through their internet business. At the same, it looks like the company thought they can easily make more profit over the internet. Therefore, they tend to be crazy for sales figure and sell products at very cheap prices. However, this is not the right way. Porter mentioned “the distorted revenue, cots and share prices have been matched by the unreliability of the financial metrics that companies have... ... middle of paper ... ...ds than for dot-coms to adopt and integrate traditional ones. It mirrors that the established companies will be successful when they effectively combined of internet and traditional approaches together. In summary, “Internet activities are not most significant in competition, such as informing customers, processing transactions, and procuring inputs”. (Porter, 2001) significant corporate assets--skilled employees, proprietary product, and efficient logistical systems – these factors are the most important to keep competitive advantages. In fact, it is foreseeable that the Internet's evolution will come up in the future involve a shift “in thinking from e-business to business, from e-strategy to strategy”. (Porter, 2001)Only by integrating the Internet into overall strategy will this powerful new technology become an equally powerful force for competitive advantage.
In the article “Where Profit Margins are Hefty, Online Upstarts Muscle In,” it speaks about how there are many companies who have a lot of profit by selling things online and this allows new firms to enter the market to get a piece of that profit. When there is a very large profit margin, new firms want to enter to get that money. The big companies start overcharging and this leads to the new companies offering something better at a lower
The future of economic competitiveness for most enterprises relies on entrance and active participation in the e-commerce market. An essential problem with e-commerce is that the controls and organization are different for each site. There is no standard way of building t...
In today's competing world, many organizations are rethinking their strategies in terms of the online business and its capabilities and culture. Organizations are taking advantage of the widespread web to buy and sell goods from other companies and recently from individual customers. Exploiting these opportunities of convenience, availability and widespread reach of the web or Internet, many companies such as Amazon have benefited from the use of web successfully.
Ten years ago, the Internet as we know it hit screens. It was 1995 when Explorer and Netscape emerged as the leading browsers for Internet users. Of course, a lot has changed since the days when it took several minutes to load one Web page. Today, URLs are as common as phone numbers for most businesses.
The Internet and international business is an interesting topic- discussing an area of business that will probably be around for many years and possibly centuries to come. Since its earliest days, the Internet has been a means of communication, an essential tool in almost instant communication.
In the article “The Internet’s Original Sin” written by Ethan Zuckerman, the author’s purpose was to apologize for creating the pop-up ads and for letting advertising become the default business model for the internet. The author’s perspective in this article is that all he wanted was to build a tool that is easy for everyone to use; but because he screwed up with his partner, they wanted to fix it into something better.
Business today is inextricably intertwined with technology, from the smallest home office, to a multinational corporation with multiple monolithic legacy application. It is impossible to be in business today without confronting the issues of technology. The way we do business today is different than 30 years ago. Technology has evolved around the areas of telecommunication, travel, stock market, shipping even around our daily lives. E-commerce a system by which people can buy, sell and deal without even seeing the person on the other side has taken a front seat in improving the economy of countries around the world. Technology today has made it possible for monetary institutions to help locate the customers resources and help solve their problems at any given time through online banking. The Internet, a boon to all business, is playing a part of a catalyst; it links millions of customers to its suppliers and vice versa due to this, manufactures are able to cut the role of middlemen and are able to deal with the customers, giving them the ability for direct input from the customers about their choices and views of their product. The busi...
One of the fundamental factors that has affected the process of economic globalization is the improvements in the technology of transportation and communications. This has reduced the costs of transporting goods, services, and factors of production and of communicating economically useful knowledge and technology. There is no doubt that advances in information and communications technology are the most important technological advances of the past quarter century (Mussa, 2000). By far, the most important and business altering advancement is the internet. There is evidence everywhere that the internet has greatly affected international trade. The internet has opened up the world, and brought it right into everyone's home and business. In addition, technology and the internet have greatly reduced the costs of doing business. Even the smallest operation can now go global via the internet at almost no cost. However, there are still some problems that face these e-commerce activities. These problems are shot-term challenges and can be met. The key issues center around two areas:
The recent revolution of internet and dot-com boom has brought more people familiar to computers and the Internet. It seems like that we can hardly find our way through everyday life with out using or having an internet connected computer next to us. The way we think, live, and communicate was changed once for all with the invention of networked communication of computers. Computers are no longer a piece of machine that sits on top of our desk for us to admire the marvelous technology brought by the geeks and freaks of 80's, but for us to constantly use and put in to work. And in a way, environment which we live in, the society, schools, jobs, forces us to make friends with that technology. Just like when you don't have a telephone you will have hard time communicate with meeting with your friends, absence of instant messaging programs, or ability to use one, will place you out of the circle of events happening with the friends, or don't let you do the work as fast or as good as the one who uses the technology. This is one of the reasons why increasing number of people choose to have computers and internet as a prime communication tool not only between friends and for socialization, but for everyday life. People are increasingly finding new ways of getting things done not by the waiting at the other end of the phone line, but clicking the way through a certain web pages, or typing their message on emails and messenger program. On-line part of the business of almost all industries, not only limited to the dot-com companies but other 'traditional' businesses as well, has been increasingly finding it self positioning more valuable and growing in potential. We are all too familiar with the online shopping sites and class websites that we use almost everyday in a very handy way of getting things done.
ICT has revolutionized the world especially in commerce, education and socialization. It has reduced the world into a small global village. This has been facilitated by the greatest innovation in the information and communication technology (ICT): the internet. Since its innovation, there have been many benefits and opportunities that have been realized from different quotas including; education sector, business sector, health sector, communication sector and transport sector among others. Many organizations in these and other sectors have in one way or another adopted the use of the internet so as to enhance their services, processes and products. In addition, the use of ICT has become one of the factors that add to competitive advantage and thus every other organization wants to gain this competitive edge against other organizations: including Kingdom of Saudi Arabia.
The Information revolution is changing our daily lives. With the rapid development of computers and the internet, online commerce has become quite common and plays an important role in the modern world. Online business has been booming in recent years. US online retail sales rose an average of 11% in the first three months of 2009 (“US Online Sales Up,” 2009). The growth of online sales may be due to the growing number of consumers who shop online.
Many advertisers are spending time and money on online technologies. More marketers are advertising on internet and more companies are doing online business as well, so this is increasing the revenue of online media. Newspaper advertisement is declining because internet advertisement is facilitating both the marketers and the consumers. (Evans, David S. 2009)
Users will increase their realince on the internet for a whole range of activity. People are constantly reshaping the internet and the internet is constantly reshaping people s informational and social universes as well.The survey showed that most internet experts expect the Internet to become more embedded in everyday and commercial life with high speed connection proliferating with mixed result expert envision benifets ranging from the case and convience of accessing information to change in workplace arrangements and
The Internet has become a key ingredient of strenuous and busy lifestyle. ‘Internet’ has become the central-hub for communication, explorations, connecting with people or for official purposes. Resultantly, Internet growth has led to a plethora of new developments, such as decreased margins for companies as consumers turn more and more to the internet to buy goods and demand the best prices.
The Internet is responsible for millions of new jobs, helping the economy. Many small businesses and corporations excelled because of the Internet. “Individual online users can daily market themselves globally through custom-designed personal web sites and blogs.”(Schell). Online advertising became a way for businesses to advertise their company to anyone in the world. “The advertising industry estimated that the average Internet user in 2002 saw 950 banner ads per day.”(Hollis). With the Internet, businesses advanced and developed into more Internet dependent companies. “The most important source of media income comes from advertising.”(Hollis) Internet advertising helps the economy and developed a new source of advertising. Frederick Moran’s job relied on the Internet. As a business analysis, he analyzes and fixes computer programs for people who trade commodities. “Companies now need fewer clerical and manufacturing workers and more employees with engineering, programming, and business backgrounds to design, develop, and manage the increasingly complex systems.”(Marshall) Fr...