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ebay Inc. Executive summary: Founded in 1995, eBay Inc. connects hundreds
of millions of ... and innovate together. eBay Inc. does this ...
Ebay. Ebay ... worldwide. In addition to its original US website, eBay has established
localized websites in several other countries. Ebay Inc. ...
EBay: In a League by Itself. EBay ... home. After meeting with the man for 45
minutes, eBay decided they needed to change their policy. ...
Ebay. EBay shutdown its Asian Web sites realizing that China and Japans, fast
growing internet auction market was difficult to master. ...
Case Study: Ebay. Introduction/Summary eBay is synonymous with internet commerce. ...
Per the website, eBay operates sites for 28 countries. ...
Submitted by tonyttt on March 14, 2007
Category: Book Reports
Words: 2016 | Pages: 9
Views: 187
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Now look at eBay (EBAY ). It began as trading site for nerds, the newly jobless, and bored homebound parents to sell subprime goods: collectibles and attic trash. But it quickly grew into a teeming metropolis of 30 million, with its own laws and norms, such as a feedback system in which buyers and sellers rate each other on each transaction. When that wasn't quite enough, eBay formed its own police force to patrol the listings for fraud and kick out offenders.
There's an educational system that offers classes around the country on how to sell on eBay. The company even has something akin to a bank: Its PayPal payment-processing unit allows buyers to make electronic payments to eBay sellers who can't afford a merchant credit-card account. "EBay is creating a second, virtual economy," says W. Brian Arthur, an economist at think tank Santa Fe Institute. "It's opening up a whole new medium of exchange."
It's also introducing a whole new mode of management in this Internet era. If Stuyvesant had a tough job bringing the scruffy denizens of his freewheeling city to heel in the backwater frontier of the New World, Whitman and her team face even more challenges leading their economy in the full glare of the wide-open Internet. Through the Web, eBay's citizens have access, 24 hours a day, to every trend, every sale, every new regulation in the eBay world. The system is utterly transparent.
Now, thanks to the Web, this transparency is spreading, at varying speeds, throughout the entire economy. Executives everywhere are seeing a flood of information jumble long-standing relationships with partners, customers, and investors. Think of auto dealers, whose customers can learn with a few mouse clicks precisely how much the dealer paid for a car. Or electronics companies whose products can be subjected to scathing reviews on the very sites where they're sold.
As information spreads, power moves to outsiders and makes...
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