Question

Mention the strategies involved for internet economy

Answer 1

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STRATEGIES FOR INTERNET ECONOMY

v  Internet and E commerce is the basic tool for the formulation of strategy, implementation of strategy and control the strategy in the modern business environment.

v  It is rapidly growing and emerging e commerce environment that applicable all firms.

v  Internet and e commerce change everything day by day in business units.

v  The internet is the driving force of historical and revolutionary proportions in business.

v  It creates new market and new driving forces and key success factors and help to the formulation of new strategic groups in business units.

v  It helps to company’s ready face competitive advantages in the market due to new and advanced technology.


v  It presents opportunities and threats that demand strategic response and that require managers to craft bold and advanced new strategies.

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