The Future of Tech -- Management

AUGUST 25, 2003 THE FUTURE OF TECH -- MANAGEMENT | | |The eBay Economy | Maybe the family line at eBay Inc.s annual analyst conference in posthumous 2001 were simply too dazzled by the Web marts blockbuster financial results. Or maybe they had heard bingle too many dot-com platitudes to heed yet some other one. Whatever the reason, when Chief Executive Margaret C. Whitman had the audacity to describe eBay as a dynamic self-regulating economy, no one in the room even blinked. This overgrown flea market -- an economy? From its crucify origins as a trading post for Beanie Babies, eBay is then morphing into something entirely unsanded -- and a lot bigger than around bulk realize.

This year, at least 30 million people will buy and sell well over $20 billion in merchandise -- more than the gross municipal product of on the whole but 70 of the foundings countries. more than 150,000 entrepreneurs will earn a total-time living selling everything from diet pills and Kate Spade handbags to $30,000 BMWs and hulking industrial lathes. to a greater extent automobiles, of all things, sell on eBay than even No. 1 U.S. head teacher AutoNation (AN ). So what does this add up to? This is a whole tonic way of doing business, says Whitman. Were creating something that didnt exist before. Not inside one company, anyway. More than a corporation, eBay is a nexus of economic activity, a new and vibrant hub for global commerce. As much as anything, this mercantile force is just what Whitman said: Its the eBay economy. Dig into the history of the worlds great trading centers, and the parallels to eBays global marketplace jump out. get Manhattan, suggests Morgan Stanley & Co. analyst and amateur historian Mary Meeker: The Dutch east India Co. began with a trading community... If you want to get a full essay, order it on our website: Ordercustompaper.com

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