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- W1569110832 abstract "The Internet and the emerging global infostructure pose new opportunitiesand threats to businesses. This paper looks at the implications of theseemerging low cost communications infrastructures on business practice andstrategy. I examine how firms are using the Internet to improve innovation,production, sales, and service processes and I consider the effects of lowercommunications and coordination costs on business practices and strategies.Specifically, I propose that widespread use of the Internet and relatedtechnologies will dramatically reduce transaction costs, leading to a growth inelectronic commerce and productivity. At the same time, the reduction intransactions and coordination costs will reduce the profit opportunities ofinefficient firms, requiring them to re-focus their strategies. This paperidentifies foci for strategic responses to the above challenges." @default.
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- W1569110832 date "1995-08-01" @default.
- W1569110832 modified "2023-09-23" @default.
- W1569110832 title "Electronic Commerce: Implications of the Internet for Business Practice and Strategy" @default.
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