The Emergence of the Internet Economy
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The changes taking place at present are sending shock waves through the media and communications markets and causing great uncertainty among all market participants concerned. The dynamism of the age has led to new concep tions of time: Internet years are like dogs’ years, passing seven times as quickly as normal! Time-honoured strategy models are continuously losing validity. In June 1998 the Chief Operating Officer of Yahoo (www.yahoo.com) announced that the maximum head start that a company can hope to achieve through a new technology has now sunk to 60 days. One thing is certain: “The times, they are a-changing.”
KeywordsNetwork Effect Electronic Market Network Economy Communication Sector Market Transparency
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