Question

2. What are five of the major differences between the early years of e-commerce and todays e-commerce?

Answer 1

Answer:

1.The early years of e-commerce were dominated by the first movers. In the consolidation stage, e-commerce was dominated by the well-endowed, experienced and other traditional firms. Today, first-mover advantages are returning in new markets as traditional web players catch up.2.During the innovation phase, e-commerce was for the most part ungoverned. In the consolidation stage there was a rise in the amount of regulation and governmental controls by governments worldwide. Today, there is extensive government regulation andsurveillance. 3.The innovation phase was characterized by an emphasis on deconstructing traditional distribution channels and disintermediating existing channels. During the consolidation stage, intermediaries strengthened. Today, there are a spread of small online intermediaries that are renting the business processes of larger firms. 4.The innovation stage of e-commerce was characterized by the young entrepreneurial spirit. During the consolidation stage, e-commerce was primarily dominated by the retail giants. Today, large purely web based firms are playing a major role. 5.During the innovation stage, e-commerce was primarily technology driven. During the consolidation stage it was primarily business driven. Today’s e-commerce while still business driven, also audience, customer and community driven.