Innovations in the Internet and Mobile Era: The real dot.com revolution Web

A study conducted by KPMG International (2000) found that one-third of the 331 company executives surveyed expect that e-business will change the definition of their core businesses. Although the first attempt to bring about a dot.com revolution flopped‚ there will be new ones. The recent hype surrounding web-based start-ups and their subsequent falls is not exceptional or surprising in a historical sense and the emergence of new technological infrastructures has created overreactions and disappointments on numerous previous occasions. The year 1983 witnessed the bursting of the so-called PC software bubble‚ but the most successful PC manufacturer‚ Dell‚ was only founded in 1984. Additionally‚ the fundamental changes in business processes due to the new PC infrastructure started to happen only after the bursting of the first bubble. In a similar manner‚ it can be expected that the really big changes in the operations of established companies are just emerging. The changes driven by The Internet and open mobile technologies are changing industry boundaries. The most important threats and possibilities are coming from new industries and technologies. This is forcing established companies to start analyzing their competitive environment from new points of view. The companies need to understand what their core assets are and whether new technologies can enhance their profit-generating capability or challenge it. The main question for established companies facing technological changes is how to increase their capability to react to change. The mainstream of research suggests that in situations of high-speed change‚ firms should be171

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