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... The Dot-Coms of the new Internet era were being funded quickly on superficial ideas and poor business plans. The start up of Dot-Coms was so fast that the Internet industry was surprised when many of them began to fail and a majority of them had to shut down. ... com 2000 Since the Internet was regarded as a dynamic environment that provided endless opportunities for conducting business, the experts in this field could not explain why such a large number of Dot-Coms had failed in such a short amount of time. ...
Major reasons of the failure of Dot-Coms have been: (1) faulty business model; (2) technology; (3) management; (4) too many parties – a lack of focus; (5) advertising waste; and (6) users not ready (Ritchie 2000). Kevin Scully, in his 2000 article “There are Solid Reasons for Dot. ... com
For some Dot-Coms, poor business and money management consisted of investment capital being spent on poorly planned companies that could not reach profitability. ... Other Dot-Coms were spending too much money on advertising, which made the company grow too large, too fast. These newly formed Dot-Coms were not aware of the complexity involved in attaining the goal of building a successful company, and the market’s unwillingness to adopt new technology was inconceivable.
Approximate Word count = 967
Approximate Pages = 3.9
(250 words per page double spaced)
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