Physical/virtual Blending
Most brick and mortar companies reduce costs and increase market share by engaging in e-commerce via web sites and by leveraging their existing telecommunications infrastructure. In addition to sales and customer relations, such e-commerce may also include:
- Collaborating with suppliers and competitors.
- Outsourcing many of the business functions like marketing, operations management and new product development,
- Telecommuting
Read more about this topic: Virtual Business
Famous quotes containing the words physical, virtual and/or blending:
“The term preschooler signals another change in our expectations of children. While toddler refers to physical development, preschooler refers to a social and intellectual activity: going to school. That shift in emphasis is tremendously important, for it is at this age that we think of children as social creatures who can begin to solve problems.”
—Lawrence Kutner (20th century)
“Tragedy dramatizes human life as potentiality and fulfillment. Its virtual future, or Destiny, is therefore quite different from that created in comedy. Comic Destiny is Fortune—what the world will bring, and the man will take or miss, encounter or escape; tragic Destiny is what the man brings, and the world will demand of him. That is his Fate.”
—Susanne K. Langer (1895–1985)
“Exhaust them, wrestle with them, let them not go until their blessing be won, and, after a short season, the dismay will be overpast, the excess of influence withdrawn, and they will be no longer an alarming meteor, but one more brighter star shining serenely in your heaven, and blending its light with all your day.”
—Ralph Waldo Emerson (1803–1882)