Ecommerce transformed business models from "summary" of The World Is Flat 3.0 by Thomas L. Friedman
Ecommerce has had a profound impact on how businesses operate in today's global economy. With the rise of online shopping platforms, companies have had to adapt and transform their traditional business models to stay competitive. This shift has forced organizations to rethink how they reach and engage with customers, as well as how they deliver products and services. One of the key ways that ecommerce has transformed business models is by opening up new markets and opportunities for companies of all sizes. In the past, businesses were limited by their physical locations and the reach of their brick-and-mortar stores. However, with the advent of ecommerce, companies can now sell their products and services to customers around the world, expanding their reach and potential customer base exponentially. In addition to expanding markets, ecommerce has also revolutionized the way companies interact with customers. With the abi...
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