All professionals must adapt to the forces of internet commerce

Dimitris N. Chorafas

Chapter 2 in The internet supply chain, 2001, pp 29-50 from Palgrave Macmillan

Abstract: Abstract The members of the Board, CEO, CFO, CTO, and their immediate assistants are not the only persons who should understand and appreciate the challenges of Internet commerce. All professionals must adapt to the new market forces. Because of world-wide competition, the driving gear of the twenty-first century is markets, costs, know-how, technology and globality. Their synergy has altered, and continues changing design, manufacturing and marketing practices, as well as relative priorities. The new priorities are: investing for competitiveness on an unprecedented scale; swamping costs to compensate lack of pricing power; developing and sustaining an online delivery system; and exploiting to full extent the Internet-enabled new communications capabilities.

Keywords: Consumer Spending; Smart Technology; Financial Service Provider; Manage Credit Risk; Rapid Innovation (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50897-2_2

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DOI: 10.1057/9780230508972_2

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