Contents |
Online companies are ....
The 'boom' and 'crash' of the Internet economy was arguably one of the most significant incidences in economic history (Culken Cuneo, 2005).
===EMERGENCE=== ===BOOM===
The greatest problem of the 1990s boom was that companies were built on advance revenue and overstaffed their organizations. Too many people were walking around with redundant jobs on all levels and lacking a sense of purpose or control(Culken Cuneo, 2005).
Dot-com businesses were instantly transformed from being invaluable assets to worthless ventures(Culken Cuneo, 2005).
economic recovery and Google Inc. leading the charge in the initial public offering market, some Internet companies are re-emerging-only now they're stronger, wiser, and more flexible." (Culken Cuneo, 2005) the companies that survived the cut shared three traits: a solid business model, an available market, and a mature management team, says Tom Clancy, managing director at VC firm Enterprise Partners.(Culken Cuneo, 2005) That means that innovative companies will continue to be funded and rise to the top. The smart ones will look to the survivors of the great rise, fall, and rebound of the Internet economy for guidance on building strong, healthy businesses (Culken Cuneo, 2005)