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The paper looks at how Brynjolfsson and Urban (2001) contend that a unique feature of the IT/e-business is that their value is difficult to estimate because many of these companies have no assets and their profits vary widely (p. 7). The paper relates that in 2000 Amazon.com "claimed merely $1.6 billion in revenue", although the company suggests that it has "never earned a profit" from its operation (p. 7), while E-bay, on the other hand, one of the largest online businesses to date, has stated that its profits for the same fiscal year were estimated at only $11 million, although the company was valued a $19.6 billion (Brynjolfsson & Urban, 2001, p. 7).
From the Paper:"Jackson, Harris and Eckersley (2003) state that an IT/E-business has three specific features that are unique in the industry (p. 5). These features include: * There is a "greater use of electronic devices". * There is a constant transfer of data between systems. * There is an interactive quality in the business within a virtual world. (Jackson, Harris & Eckersely, 2003, p. 5)."
Cite this Analytical Essay:
IT/E-Business in the Globalized Society (2007, December 01) Retrieved May 16, 2021, from https://www.academon.com/analytical-essay/it-e-business-in-the-globalized-society-135539/
"IT/E-Business in the Globalized Society" 01 December 2007. Web. 16 May. 2021. <https://www.academon.com/analytical-essay/it-e-business-in-the-globalized-society-135539/>