Internet Market Looking For Strategists

The Internet economy is worth $507 billion. This Internet explosion has numerous corporations seeking, at a record rate, consulting firms to help them plan and implement e-business strategies.

Consulting firms eager to cash in on the boom are quickly morphing themselves into "technically enlighted strategists." They are doing this to set themselves apart from the many boutique firms that have popped up in response to the e-commerce Web mania.

U.S. Internet consulting services are expected to top $710 million for 1999 and could grow to $4.38 billion in 2003. With all this cash at stake, the winner is the one who can establish themselves as the "expert." Andersen Consulting and PricewaterhouseCoopers are launching new e-commerce initiatives to do this.

The Big 5 firms will make e-commerce a core value in their organizations. Andersen is developing a 200-person core group to serve clients and to educate the firm's staff on Internet strategies. PwC slashed 1,000 jobs in their effort to ramp up to the e-commerce challenge.

Do you have a strategy in your firm?

You may like these other stories...

Continuing its efforts to simplify accounting procedures, the FASB has issued a proposed Accounting Standards Update on customer fees paid in a cloud computing arrangement. The newly-proposed update (Intangibles—...
How are you planning? What tools do you use (or fail to use) for forecasting? PlanGuru is a business budgeting, forecasting, and performance review software company based in White Plains, N.Y. AccountingWEB recently spoke...
Event Date: October 30, 2014, 2 pm ETMany Excel users have a love-hate relationship with workbook links. For the uninitiated, workbook links allow you to connect one Microsoft Excel spreadsheet to other spreadsheets, Word...

Already a member? log in here.

Upcoming CPE Webinars

Aug 26
This webcast will include discussions of recently issued, commonly-applicable Accounting Standards Updates for non-public, non-governmental entities.
Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.
Sep 9
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
Sep 11
This webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities.