Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
E-Commerce
According to a Wall Street Journal article by David Pringle, "One would think that, since America went first into the void, that Europe would have the advantage of seeing their mistakes and avoiding them." However, the article dispels this myth, stating that e-commerce has turned out to be a lot more difficult than the major bricks and mortar retail establishment's had originally thought. They develop more slowly, analyze problems and then implement and expand in a way that more closely mirrors the needs of their prospective customers. However, Pringle acknowledges that this second-mover advantage is only temporary. The reason is that ultimate success relies on the ability to compete on a global basis. The author cast doubts on whether the European approach offers any sustainable competitive advantage in international markets.
According to Pringle, traditional European businesses have enjoyed several advantages over American companies for conducting online business. The first is that the European market is less savvy and sophisticated than the American audience. American online consumers represented a large and demanding audience that required the latest in convenience options and state-of -- the art technology. At the same time, brick-and-mortar companies in the United States had to deal with far more competition from newer Internet startups than did brick-and-mortar companies in Europe. Because of these factors, brick-and-mortar companies in Europe have been able to maintain a leading position in their local markets.
Infrastructure is also another obstacle for electronic commerce in Europe. Competition in most European Union countries' wireline markets, particularly Spain and Italy, remains limited because the telecommunications incumbents (which have only recently been privatized) still control more than eighty-five percent of their respective national markets. They remain the dominant providers of telecommunications services, including broadband. As a result, there has been slower than expected Internet expansion. Internet penetration rates average…
Bibliography
Carlos, Juan. "Cultural Barriers to Electronic Commerce in the Mediterranean Area." 1998. Europa. 05 Sept. 2004. http://66.102.7.104/search?q=cache:GmQbVvWVHDwJ:europa.eu.int/ISPO/ecommerce/books/newopportunities/coll.pdf+Europe+and+%22electronic+commerce%22+and+%22slow+adoption%22&hl=en.
The Information and Communications Market in Western Europe." Export America. 5 Sept. 2004. http://www.export.gov/exportamerica/NewsFromCOmmerce/nfc_exportit_weurope_0903.html.
Pringle, David. "E-Commerce (A Special Report): Industry by Industry - A Head Start: European Retailers Learned From the Mistakes of their U.S. Counterparts; But it Didn't Do Them Much Good." Wall Street Journal. 17 Apr. 2000.
The Information and Communications Market in Western Europe." Export America. 5 Sept. 2004. http://www.export.gov/exportamerica/NewsFromCOmmerce/nfc_exportit_weurope_0903.html.
Carlos, Juan. "Cultural Barriers to Electronic Commerce in the Mediterranean Area." 1998. Europa. 05 Sept. 2004. http://66.102.7.104/search?q=cache:GmQbVvWVHDwJ:europa.eu.int/ISPO/ecommerce/books/newopportunities/coll.pdf+Europe+and+%22electronic+commerce%22+and+%22slow+adoption%22&hl=en.
Wall Street Journal Online. The Wall Street Journal Online has over 646,000 paying subscribers. It features updated, in-depth coverage and analysis of business news drawn from more than 1,600 journalists working for the Wall Street Journal and Dow Jones Newswires around the globe. The Online Journal has enhanced the business of Wall Street Journal and Dow Jones Newswire. THE WALL STREET JOURNAL ONLINE The Wall Street Journal has over 646,000 paying
Having these in mind, the appearance of this section might have been the main reasons for which new readers from the young generation have been convinced to become regular readers of the journal. All in all, it can be inferred from the above-mentioned statements that Wall Street Journal has been drawn towards the same time as the business world; with one of the greatest histories in the periodicals' world, a
Coca-Cola. According to the company's 2012-Year in Review, one of the objectives that the company had coming into 2013 was to improve the strength of its product portfolio. The company wanted to find products where there was untapped potential, and take steps to exploit that potential and improve the overall portfolio strength. To that end, Coca-Cola was able to take an ownership stake in Core Power, which makes protein
Brick or Click From rural strip-malls to Manhattan’s avenues, it has been a disastrous past few years for retail. There have been nine retail bankruptcies in 2017—as many as all of 2016. J.C. Penney, RadioShack, Macy’s and Sears have each announced more than 100 store closures. Sports Authority has liquidated and Payless has filed for bankruptcy. Last week, several apparel companies’ stocks hit new multi-year lows, including Lululemon, Urban Outfitters and American
Corporate World According to prior research studies, plagiarism is not just appearing in the academic environment. Now, plagiarism is being seen in corporate America as a way to "adjust" information that might otherwise seem unfavorable to stakeholders, higher-ups, or others who will be provided information regarding something to do with the company. Financial issues are often a part of the plagiarism issue, but there are other concerns that are not
External Factors Penny's proposed new pricing strategy The new Penny's proposed strategy is a revitalization strategy that is directed at the pricing procedures within the company. According to Penny, there should be a "Fair and Squire Every Day" pricing strategy. This new pricing strategy was not there initially. The transformations, which are also done by JC Penny's CEO Ron Johnson, are ambitious plans, which are geared at changing the phase of