Question

2. In the 1990s thousands of "dot-com" companies emerged with great fanfare to take advantage of the Internet and new information technologies.  A few, like Yahoo, eBay, and Amazon, generally thrived and prospered, but many others struggled and eventually failed. Explain these varied outcomes in terms of how the market system and competitive market forces converge to answer the question "What goods and services will be produced" using examples drawn from Porter's (2008) discussion of the competitive forces that shape strategy to support your position(s).

Answer 1

It was personal circumstance and expected a profit that carried numerous organizations into the "dot-com" industry. But since of over immersion inside the industry, numerous organizations failed. When some new "dot-com" organizations understood that they could not make a profit, they dropped out, and the industry declined. This was not because of consumers indifference; however, the over-saturation of competition that was attempting to set up themselves, which prompted unsustainable prices. Most organizations contended themselves out of any profits. Some organizations that were created during the "dot-com" blast, for example, Yahoo, eBay, and Amazon were, nonetheless, ready to make a sustainable model that has kept individuals returning.