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The Rise of Multinational Virtual Corporations
The virtual corporation is the emerging organisational form, which best combines, a fluid ability to adapt to rapidly changing markets and is able to leverage its skills with the complementary skills of other corporations. In the concept's purest form, each company that links up with others to create a virtual corporation will be stripped to its essence. It will contribute only what it regards as its core competencies. It will mix and match what it does best with the best of other companies and entrepreneurs
Key attributes of the Virtual Corporations: Technology, Opportunism, Excellence, Trust, No Border
If these Virtual Corporations are to function globally then they need to be in a position to utilise global communication networks. These networks may be conventional; telephone or international travel, but added value will be yielded from the use of international computer networks. This is an argument for the use of open systems, even internally, in order that such global teams may come together rapidly and largely invisibly.
Underlying Reasons for the Rise of Virtual Corporations
The globalisation of business
People in remote nations will be able to participate in worldwide projects to add value locally without uprooting themselves and their families. Information technology also can make the organisation chart irrelevant. But the real goal of information technology for businesses is faster response times. To bring new products to market quickly and to satisfy changing customer needs, you have to work on many pieces of a complex project in parallel. Information technology makes that possible. It creates competitive advantage in a dynamic global marketplace.
Some critics claim that the national state ability to control its own destiny is being limited by shifting away the economic power from national governments and toward supranational organisation such as World Trade Organisation, the European Union, and the United Nations.
In the knowledge-based economy of the 1990s it is people and their knowledge/expertise, which are the scarcest resources in the information economy so you move work to where the people are. Virtual corporation practices are better suited to take advantage of this than more traditional, fixed corporations
Cost of offices in cities
In cities such as London, New York and Tokyo, the costs of large building are a significant portion of firms operating costs. The resulting pressure on a firm to cut costs often involves rethinking a company's location.
The lowering of trade barriers made globalisatuion of markets and production a theoretical posibility, and technological change has made it a tangible reality. Since the end of World War 2, the world has sseen major advances in communications, information processes, and tranportation technology including, most recently, the explosive emergence of the Internet and World Wide Web.
The Internet and the WWW promise to develop into the information backbone of tommorrow's global economy. From virtualy nothing in 1994, the value of the Web ? based transactions hit $7.5 billion in 1997. According to a recent report isssued by the United States Department of Commerce, this figure could reach $300 billion in the United States alone by the year 2003.
Every day, more people connect online and grow comfortable with digital transactions. More companies are building relationships with new and existing customers through the Internet, as well as lowering transaction costs for corporate purchasing or their supply chain6.
Every company can use the Internet to build stronger, more eefective relationships with customers and business partners.
E ? commerce and Globalisation
E-commerce has the potential to transcend national boundaries and time zones. It has the potential to create genuinely global market ? one in which companies will be exposed to the full glare of competition. Given the general recognition of the roe of electronic commerce in overcoming national, geographical and temporal boundaries to trade, it is now clear that companies that wish to be at the forefront of global competition in their particular markets cannot afford to ignore electronic commerce any longer.
In a world which is increasingly competitive and where organisations are required to undertake greater levels of risk in order to compete, those companies that fail to act now may find they have left it too late as ellectronic commerce has become a dominant way of doing business in their sector. By contrast, companies that by embracing electronic commerce now, they will reinforce their market position.
Aurel Voiculescu MBA http://www.aurelvoiculescu.com Electronic commerce research as part of my MBA dissertation: http://www.aurelvoiculescu.com/mba/transmanag.htm Analysis includes consideration of theories of international trade, corporate globalisation strategies, the impact of electronic commerce (Internet, EDI) and the political factors, which have an impact on the ways in which companies conduct international business.
Expand Your Local Business Through the Internet
To obtain more local customers for your business, consider expanding your local business through the Internet. Here are some ways of doing so.
Starting An E-Commerce Business
The development and expansion of the Internet has made business opportunities, once only available to the wealthy, available to nearly everyone. In the past, opening a business was a huge commitment in terms of finances and risk. Traditional business owners had to quit the their current jobs, obtain bank financing, and sign leases before they even made a penny. It's easy to see why 95% of them failed within five years. Today, business opportunities are available to anyone willing to put in the time and effort to learn about the world of e-commerce. Best of all, you can start an e-commerce business with minimal funds and very little risk. This guide will take you though the steps necessary to start your own e-commerce business.
The Top 10 E-Commerce Ways to Follow up with Clients - Part 1
Did you know that 80% of all sales are made after the 5th contact?
How To Implement E-Business Solutions Successfully
Pitfalls of E-business solutions installation process
Your Affiliate Web Site Is Built ? Now What?
When I first got my web site built, I thought I finally had a presence on-line. Wrong! I soon found out that I needed someone to host my site, and I needed a domain name.
Online Shopping: Legal Challenges for Taxing Authorities
E-commerce offers customers the chance to eliminate many stages in the sales/distribution chain. The mark-ups that occur between manufacturers, wholesalers, distributors, retailers and consumers can add the cost of goods purchased by consumers. In contrast, when consumers deal directly with manufacturers on the internet, the process whereby intermediaries between the manufacturer and the final consumer are eliminated from the supply chain is known as "disintermediation".
The Top 10 E-Commerce Ways to Follow up with Clients - Part 2
Did you know that 80% of all sales are made after the 5th contact?
Google Catalogs - Old Gashioned Mail Order Meets High Tech Search
In addition to Google's Froogle shopping service (still in beta), which features a searchable database of online merchants, Google is also beta-testing their Google Catalog service. Google Catalogs provides a searchable central repository of hundreds of mail-order catalogs.
Are You Making These E-Commerce Excuses? (part 1)
A year ago, I had big plans to re-vamp my web site. I was going to publish my e-newsletter twice a month ? every month, and I was going to upgrade my own e-commerce capabilities. Those were my Internet marketing "resolutions" for 2004.
Intranet - The Benefits Realisation Plan
The Millennium Experience
Website Marketing: 10 Resourceful Things You Can Do With A Product That Doesnt Sell
Do you have any product that has not been moving well?
7 Questions to Ask A Potential Internet Merchant Account Provider
Recently I went looking for an online merchant account, with disastrous results. I made the mistake of taking information at face value and relying on the ecommerce merchant account provider's good reputation in other areas.
Chinas IT Industry to Maintain Fast Growth
China's IT industry is expected to see a sales revenue of 2.68 trillion yuan (US$322.3 billion) in 2004, up 42.3 per cent year-on-year, becoming the country's leading driver for economic growth, MII(Ministry of Information Industry) sources indicate.
Accept Credit Cards Online Without a Merchant Account
There are two major ways to accept credit cards on your website. The first and most expensive is to have your own merchant account. Not only is this option expensive, it also requires extensive credit checks, lots of paperwork, and usually takes days or weeks before you get approved. Fortunately, there is an alternative.
Succeed With Your Own Home Based Business
An internet business is by far the best way to support yourself if you just cannot stand working for others for less money than you need to survive. It's also the best way to get out of a good paying job that just takes up too much of your precious short life working for someone else. Let's face it, you probably know someone who has an internet business. Do they look happy to you? Do they complain as much about work and money as you do? Probably not.
Old Habits Die Hard in the Third Age Years
I spent a lifetime in retailing and I'm still at it in retirement; albeit virtually.
How To Sell Your Products Online?
E-commerce is gaining pace! Research firm eMarketer predicts that 2003 will see online sales reaching US $58.2 billion excluding travel. According to Forrester Research, another reputable research company, business to consumer e-commerce will hit US $230 billion by the year 2008. While offline retail sales are staggering and will continue to do so in near term, online retail sales will show a hefty 19 percent consecutive year over year growth! And by the same year, two third of all US households will buy some kind of products and services online. In 2003 alone 97 million consumers will make some kind of purchases through the Internet.
How Merchant Accounts Can Save You Money
We all know that accepting credit cards is the key to online sales. Unfortunately, most merchants are unaware that acquiring a merchant account can actually save them money. And in many cases, big money!
The Clickbank Crash of 2003: Lessons Learned
I had a rude awakening recently. I checked the days worth of sales from one of my sites and there were none. This had never happened before and of course I was anxious to find out what was wrong.
How to Start a Business on the Internet
So you want to start a business? Good for you. Really, I mean that sincerely. I think about the millions of people that let the thought pass briefly through their minds on he way to work everyday.
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