Distance diminishes - Reaching someone the other side of the world, and sending information or exchanging messages costs virtually the same as someone locally. You don't need to pay expensive courier bills. Comapnies can save costs, access skills wherever they are, provided they care connected and have the necessary networking skills. With electronic networking it cost virtually the same to send a message to 100 people as to one. With careful thought you can use electronic market places to cut out inefficiencies in your supply chain.
Many companies now reach potential customers direct through the Internet.
Using effective networking skills, it is possible to create virtual corporations to meet specific customer needs or gain access to resources. These new dynamic relationships are giving companies flexibility and speed over conventional contracting relationships. These are just some of the ways that the business landscape is altering. During the course of the ETD initiative , we expect to highlight cases and examples of exploiting such fundamentals. We are always pleased to hear about examples that we can feature in these pages.