Killen &Associates Global Webcast Alert.Business Editors, Technology Writers PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--Feb. 2, 2000 GO MULTI-CHANNEL OR GO BUST Web Channel + Traditional Channels = Internet Success &uot;The biggest question in boardrooms across America today is this: `How do I use the power of the Internet to grow my business and win in the Internet economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. ?'&uot; So says Michael Basch, VP of Corporate Development of Denver, Colorado-based InfoNow Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :INOW INOW Interoperability Now! (IXTC, Lucent, VocalTech, Ascend, Cisco, Clarent, Dialogic, Siemens) ), and a founding officer of Federal Express, in a Webcast at http://www.killen.com/tv. At first blush Adv. 1. at first blush - as a first impression; "at first blush the offer seemed attractive" when first seen , the answer is obvious; toss up toss up Verb to spin (a coin) in the air in order to decide between alternatives by guessing which side will land uppermost Noun toss-up 1. an instance of tossing up a coin 2. a site and sell directly to the customer. But that can be like shooting yourself in the foot, Basch cautions during a Webcast interview with Michael Killen, Chairman and Founder of Killen &Associates (http://www.killen.com), a leading Internet market research company. Basch notes that some of the biggest names in business have scrapped their plans to sell via the web because of intense channel conflict. And while the Web has great revenue potential, the bulk of commerce still transacts via traditional channel partners. The key to success, Basch insists, is an effective multi-channel ebusiness (MCEB MCEB Military Communications-Electronics Board MCEB Marine Corps Equipment Board (Quantico, VA) ) strategy, one that harnesses the Internet to integrate the new direct channel and the traditional channels that have served companies well for decades. It doesn't have to be an either/or proposition, he says; with an effective MCEB strategy, it can be Web channels AND traditional channel partners. The Webcast, which will be available for public viewing on February 2, and replay thereafter, demonstrates how the multi-channel approach makes for a triple win: -- Customers win, because they gain more choice. They might want to see or touch the product in a showroom. But if all they want is a commodity like a printer cartridge, they can order it directly from the seller's Web site. -- Channel partners win because they can gain referrals, technology support, and access to valuable customer information. -- The company wins because it can roll into the Digital Age by leveraging its existing channel assets, rather than abandoning them. So what are the fundamental elements of an effective multichannel Using two or more paths for transmission or processing. It can refer to a variety of architectures including (1) multiple I/O channels between the CPU and peripheral devices, (2) multiple wires in a cable, (3) multiple "logical" channels within a single wire or fiber or (4) multiple ebusiness strategy, Killen asks his guest? Basch recommends the following actions to Webcast viewers: 1. &uot;Use the power of the Internet to strengthen your reseller/channel partner foundation,&uot; Basch explains. Channel-dependent manufacturers should provide the tools and resources that can enable channel partners to have a strong local Web presence. This not only takes a site building and maintenance burden off the channel partners, but offers an opportunity for the manufacturer to take a preemptive strike Preemptive strike may refer to:
partners' sites might ultimately contain competitive products, the manufacturer can cobrand the site and enjoy top level visibility. 2. Develop a strong feedback system that captures information from local channel partners' and national Web sites. Once you've Web-enabled your channel partners, the next step is to be able to measure the results of your actions and the actions of your channel partners. The purpose of this is to be able to quickly test concepts and ideas and develop best practices that can be applied in all geographic markets. 3. Begin a deliberate process of evolving the system. As you support and gain feedback from your channel partners Web sites, Basch recommends that you continue to evolve your overall Internet strategy so that it ties together the successful actions of each partner. Apply what you've learned from successful partners to partners whose sites aren't pulling. Also, talk to your partners and learn about ideas that they think might work, but that they don't have time to implement. The ongoing feedback, testing, analysis, and sharing of information will result in a multichannel ebusiness strategy that works. Will a multi-channel ebusiness strategy become more of the norm? Not just the norm, according to Basch - it will become essential: &uot;Ultimately, the customer is going to decide which channel to purchase through. If you don't let them, your competitors will.&uot; About InfoNow InfoNow enables channel dependent companies to use the power of the Internet to close more sales through their local channel partners. InfoNow's services maximize channel partner success by providing referrals, leads and eCommerce capabilities to the channel partner(s) best aligned to close the sale. InfoNow outsources these services over the public Internet, private intranets and extranets to leading technology, financial service and other clients in fifteen countries, including Apple, Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , Bank One, Citigroup, 3Com, Compaq, Cisco Systems, FedEx, First Union, Hewlett Packard, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Lucent Technologies, Maytag, Motorola, Sony, UPS and Visa. For more information, please visit the company's Web site at http://www.infonow.com or call Stephanie Franks, 303-293-0212 x247. About Killen &Associates Killen &Associates is a leading market research company that focuses on the impact of the Internet, specializing in electronic bill presentment and payment See EBPP. (EBPP (Electronic Bill Presentment and Payment) Sending invoices to customers over the Internet. When payment is due, an e-mail is sent with a link to a Web page that contains the billing information and the payment services that are supported. ), electronic service provision (ESP (1) (Enhanced Service Provider) An organization that adds value to basic telephone service by offering such features as call-forwarding, call-detailing and protocol conversion. ), and multi-channel ebusiness (MCEB). The company's EBPP Business Intelligence Subscription Service offers exclusive business intelligence to business professionals in the telecomm, utilities, and financial services industries worldwide. Killen &Associate's White Papers, &uot;Operational Resource Planning (ORM ORM - Object Role Modeling )&uot; and &uot;IP Telephony,&uot; have helped hundreds of global companies develop eProcurement and advanced telecommunications strategies, respectively. Its study, &uot;Multi-Channel eBusiness (MCEB),&uot; provides compelling evidence that global corporations must use their brick-and-mortar infrastructures as a competitive advantage in the age of the Internet and eCommerce. Founder Michael Killen is an internationally renowned authority on ebusiness strategy. Killen &Associates maintains offices in Palo Alto, California “Palo Alto” redirects here. For other uses, see Palo Alto (disambiguation). Palo Alto (IPA: /ˌpæloʊˈʔæltoʊ/, from Spanish: palo: "stick" and alto: "high", i.e. ; Richmond, Surrey, UK; and Zurich, Switzerland. Summary Webcast available beginning February 2, 2000 Location: http://www.killen.com/tv Topic: Multichannel ebusiness strategy Guest: Michael D. Basch VP of Corporate Development, InfoNow Corporation |
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