Internet and Global Finance Strategies

Within the present competitive business environment, firms are continuously looking for various strategies to be ahead of their competitors and achieve competitive market advantages. Many firms have identified that internet technology is a powerful tool to enhance competitive market advantages. The traditional organizations have identified that internet is a powerful tool to deliver value to customer and presently, the internet technology has enabled firms to coordinate and interact their value chain activities to customer with the objective of improving financial performances. These changes generally refer to as NBT (Net-based business transformation). The net-based business transformation is the substitution of traditional business operations from paper, fax and telephone-based communication into electronic business transactions with the objective to enhance tighter coordination with customer and suppliers, increase inventory turnover, enhance customer satisfaction, and improve time-to-market. Despite the potential benefits of internet to the improvement of firms' financial performances,...
[ View Full Essay]