The invention of the steam engine two centuries ago and the subsequent harnessing of electricity for communications ushered in an industrial revolution that fundamentally altered the way we work, brought the world’s people closer together in time and space, changed the way we organize our economies, and brought us greater prosperity. Today, we are on the verge of another revolution. Inventions like the integrated circuit, the computer, fiber optic cable, and the Internet are changing the way we work, learn, and communicate with each other.
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High telecommunication tariffs have long been a major stumbling-block for electronic commerce in Europe. However, the implementation of the package of telecommunications liberalisation measures is already leading to lower prices and to more flexible pricing schemes. The take-up of electronic commerce is significantly higher in the most competitive markets. The WTO Agreement on Basic Telecommunications will contribute directly to the emergence of a global marketplace in electronic commerce. Similarly,
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Women, more than men, appear to not push their businesses to their full marketplace potential. Women appear to be more conservative than men in making business growth decisions. Part of the reasons include:
- A more conservative posture to business risk;
- A lack of knowledge about the financial management skills necessary to implement strategic growth objectives;
- A lack of confidence in judging positive vs. negative business growth potential.
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