Porter's (2001) statement from his article Strategy and the Internet summarises his discussion on the relative advantages of the Internet and how these are worthless without a strategic approach. He uses his own five forces analysis to analyse the "underlying forces of competition", this analysis is necessary to "illuminate" areas of potential profitability. Applying this framework to the banking industry uncovers interesting revelations. The threat of substitutes in the banking industry is high in that switching …
showed first 75 words of 1968 total

showed last 75 words of 1968 total
…toolName=about_hsbc&ln=en&pId=10ea5d50-eb89-11d6-bc4f-080020c629df&isPc=true [accessed 24th February 2003] qZDNet (2000), Barclays security breach forces online service to close [online]. Available from: http://news.zdnet.co.uk/story/0,,s2080530,00.html [accessed 10th March 2003] qZDNet (2000). Barclays in second security gaffe this week [online]. Available from: http://news.zdnet.co.uk/story/0,,s2080567,00.html [accessed 10th March 2003] www.Smile.co.uk www.firstdirect.com