Also, due to fast pace of change in virtual world, innovation is considered a part of implementation. Unless you have good implementation couples with good strategy, you run into what the Text calls Trouble, Failure and Roulette. Higher Visibility to Errors. Due to investor s infatuation with the New Economy, the media closely monitors and reports on Internet firms. Lower Switching Costs.
Switch costs are the costs of going to another company.
More Dynamic Competitive Environment. If you make a mistake, it s easy for someone to jump in and fill the vacuum. More Fluid Organized Boundaries. The lack of clear dividing lines between parties partnering and collaborating, according to the text, creates fluid organization boundaries. More Dynamic Environment.