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Essay / Research Paper Abstract
This 5 page paper addresses the dot com phenomenon by focusing on one lucrative enterprise. Monster.com is evaluated in terms of its success. A description of its services and information about competitors and alliances are included. Bibliography lists 5 sources.
Page Count:
5 pages (~225 words per page)
File: RT13_SA016Mon.rtf
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Unformatted sample text from the term paper:
is important to understand that all of these businesses are relatively new. They are not tried and true because the web is rather young itself. Firms that have created
innovative business models have been rewarded by Wall Street in the form of stratospheric IPOs. Although many of these new e-businesses have yet to turn real profits, Wall Street has
been banking on them. Interestingly, many online companies and services such as efax and yahoo do not charge for much of their services and basic services are usually free. Like
magazines and television, they operate on advertising dollars. One such successful business is monster.com but it does not rely on advertising; its revenue for the most part comes from its
customers and alliances. This online job search assistance site has been rather successful, advertising on television and deriving revenue from a variety of sources. The business operates as a
sort of online employment agency. Companies seeking employees join monster.com. Monster.com memberships are the basis of the companys recruiting strategy and all memberships allow firms to post job openings
in real time as well as access over one million resumes ("Monster.com solutions" PG). Candidates are pre-screened (PG). When joining Monster.com, ones company profile is added to the database
and this gives a firm instant online visibility (PG). The website presents an opportunity for people seeking employment as well as for employers a way to find suitable
candidates for their job openings. Monster.com has been described as the Worlds First Auction-Style Marketplace ("Internet World" PG). It has changed the way free agents connect with organizations around
the world (PG). Free agents can market their talents directly to employers for short and long-term project work, while employers are able to fill contract assignments quickly and cost-effectively (PG).
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