Many old economy companies have been quick to adopt new web-based technologies to diversify into new...
Many old economy companies have been quick to adopt new web-based technologies to diversify into new activities. Tesco, for example, has moved from a bricks and mortar operation to become the world's largest online retailer. It recently entered phase two of its deployment, investing over £2m in other retailers to develop the World Wide Retail Exchange. Competition will increase as new competitors arrive from outside the 'traditional' sector, so it is vital that traditional companies transform themselves using the learning and technology of the better dot.coms. The main advantages of the...
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