People involved in the wired economy like to joke that the business world is starting to operate at “Internet time.” Things are moving so quickly on-line that six months in Internet time is like 20 years in real time.
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How to keep tabs on the competition
HomeShark. Part 1
Mortgage broker
San Francisco
Edge: Charges .5 to 1.5 percent less in processing fees than traditional brokers; quicker, less convoluted loan-application process.
Challenge: Public awareness, keeping marketing and business development costs in check, creating online links to Fannie Mae, coping with state licensing policies.
Competitors running scared: Pathfinder Mortgage, Mortgage Plus, Bradford Home Loans.
Dot Coms are Stealing Brainpower from Consulting Firms Post 2
When persuading her MBA prospects, Kim Ogden, Bain’s vice president in charge of recruiting, leans heavily on leveraging the Bain “experience” over the risks associated with being a startup exec. “There’s a naivete [among new MBAs] about what it takes to make it work, when the reality is that many of those companies will be under water in two years,” she says. Read the rest of this entry »