August 2017
Intermediate to advanced
248 pages
5h 59m
English
China’s market development path and scale, Chinese culture and the Chinese state capitalism system create conditions that are distinctly China.
Murphy and Li (2015: 116)
Starting as an internet-only company has its advantages in terms of cost management, and many powerful brands of the 21st century owe their success to their long-term commitment to e-channels in the 1990s. However, companies do not stay virtual forever. Some authors refer to a ‘virtuality trap’, because a deep understanding of the underlying drivers of markets and customers is difficult to achieve through impersonal electronic channels. Some internet-only players have achieved a level of attractiveness to major customers that requires ...
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