Full Text

CHAPTER TWO. Value Drivers of e-Commerce Business Models

Raphael Amit and Christoph Zott


Subject Business and Management » Entrepreneurship
MIS (Management Information Systems) » E-commerce

DOI: 10.1111/b.9780631235118.2002.00004.x


Extract

As the twenty‐first century begins to unfold, e‐commerce, with its dynamic, rapidly growing and highly competitive characteristics, promises new avenues for the creation of wealth. Many established firms are creating new on‐line businesses, while new ventures are exploiting the opportunities the Internet provides. These developments generated more than $500 billion in revenues in 1999, representing about 6 percent of the US GDP, and a growth rate of over 100 percent per year since 1993. The sale of goods by US firms over the Internet was estimated to be $170 billion in 1999. This figure is predicted to reach $1.3 trillion by 2003. Although US firms are considered world leaders in e‐commerce, the rapid growth of businesses that use the Internet as a medium is a global phenomenon. Europe is expected to bridge the e‐commerce gap with the USA by experiencing triple‐digit growth in this area over the next three years. By 2004, European enterprises are expected to have online sales of $1.6 trillion, which represents about 6.3 percent of total expected European trade. The increase in the number of e‐commerce transactions at major web sites (60,000 per day in 1999 compared to 29,000 per day in 1998) highlights the extraordinary growth and transformation taking place in this new business landscape. e‐commerce is clearly generating tremendous new wealth, mostly through entrepreneurial ... log in or subscribe to read full text

Log In

You are not currently logged-in to Blackwell Reference Online

If your institution has a subscription, you can log in here:

 

     Forgotten your password?

Find out how to subscribe.

Your library does not have access to this title. Please contact your librarian to arrange access.


[ access key 0 : accessibility information including access key list ] [ access key 1 : home page ] [ access key 2 : skip navigation ] [ access key 6 : help ] [ access key 9 : contact us ] [ access key 0 : accessibility statement ]

Blackwell Publishing Home Page

Blackwell Reference Online ® is a Blackwell Publishing Inc. registered trademark
Technology partner: Semantico Ltd.

Blackwell Publishing and its licensors hold the copyright in all material held in Blackwell Reference Online. No material may be resold or published elsewhere without Blackwell Publishing's written consent, save as authorised by a licence with Blackwell Publishing or to the extent required by the applicable law.

Back to Top