CEOs: E-business to Shape Competitive Landscape

FRAMINGHAM (01/31/2000) - CEOs from around the world expect e-business to reshape their competitive landscape. Half also fear the Internet will widen the gap between developing and developed nations, while 38 percent believe it won't.

The findings come from a survey of 1,020 CEOs of corporations around the world by PricewaterhouseCoopers. The survey was released at the World Economic Forum in Davos, Switzerland, this week.

CEOs worldwide expect the Internet to have a major impact on their business.

Fifty-five percent of participating CEOs said they expect to be faced with nontraditional, Internet-based competitors. In the banking, communications and technology sectors, almost 90 percent of CEOs expect the competitive arena to be significantly or totally reshaped.

Nearly three-quarters of the CEOs said their companies conduct business transactions on their Web sites, with business-to-business transactions slightly outnumbering business-to-consumer transactions on a global basis.

The study also found that more CEOs are on the Web, with 40 percent saying they used the Internet for something other than e-mail on at least 10 days in the past month. That's up from 25 percent last year.

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