Justify and explain how the complexities associated with the Web minimizes competitive business advantage essays

Justify and explain how the complexities associated with the Web minimizes competitive business advantage essays One of the most essential results of corporate strategy is for a business to create competitive advantages. This allows a business to differentiate from its competitors. The advantage can be a process, resource, copyright or an intangible asset. Furthermore, these competitive advantages should be sustainable for the company to have lasting success. The web has minimized competitive business advantages by limiting barriers to entry, while improving the flow of communication, and often simplifying The web has greatly changed the environments for many industries. It has increased communication, made information more accessible and has become a viable platform for commerce and trade. The Internet has affected business in many different ways. Relationships with suppliers and customers, information exchange with competitors and business processes are all altered by the Internet. As the web, and its users, continues to grow the capabilities of the web will expand and further change the landscapes In many industries the web has greatly limited the barriers to entry for new participants. The first mover advantage that many companies had uses as their competitive advantage lost some significance. Since start up costs to new businesses was often lower, companies' market shares were more easily challenged. For Instance, the publication Industry was dominated by a few huge conglomerates that held power and influence. The web gave rise to smaller news companies that could easily start their business for low costs and not fear the major players. Traditionally, many competitive advantages were successful and sustained because competitors were unsure of how to copy a process or strategy. The web brings down barriers and exposes more of company's processes. A challenging company can view the customers, product offering ...