Especially with the advancements in ICT, the way of doing business is rapidly taking a different shape. The flyer below is frequently shared on Social Media, emphasizing the contrasting nature of modern global giants when compared with traditional businesses. Image Courtesy: Iulia Tudor As seen from the flyer, having inventory or the ‘strength’ in terms of ‘own’ resources is no more capable of giving you the competitive advantage to become a market leader. Even though the large amount of inventory and the sophisticated inventory management system continue to be core strengths of Walmart and many other businesses, E-Commerce is also gaining pace. Generally overshadowed by factors such as convenience and low cost, ‘Creating and Matching Needs’ is also playing a pivotal role in popularizing E-Commerce, along with ‘Crowdsourcing’. E-Commerce has made it unbelievably easy to purchase almost anything, while presenting consumers with items they have not even thought of. Th...