Some Prices Change At Glacial Speed
The important distinction between transforming businesses with the Net as opposed to transplanting businesses to the Net was nicely illustrated. For any free-market economy with a significant sector of small and midsize enterprises, the awareness of this distinction and its implications will be critical for future growth.
Major suppliers of information technology, telecommunication, financial, and logistic services can contribute to such growth, and ultimately to their own success, by facilitating the adoption of electronic commerce by small and midsize companies. To be effective, large players must help nurture the recognition and appreciation of emerging business models in the digital economy, and not just insatiable appetites for incremental advances in technology. This can be the worthwhile mission of appropriate consortiums in collaboration with government agencies, professional and trade organizations, and business educators.
James K. Ho