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Web 2.0 and opportunities for small businesses

  • Sang-Heui Lee


  • David DeWester


  • So Park


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    The burst of the dot-com balloon closed the era of Web 1.0. In the process, we observed the creation and disappearance of many small businesses globally. The dynamic and linked web pages provided new pathways to online businesses. However, most of the new online business models still followed the traditional practices of the industrial era which could be characterized by closeness, uniformity, and one-way communication. A new set of new technologies, called Web 2.0, offers new opportunities, blurs the boundaries between online and offline activities, opening a new era with flagships of openness, collaboration, and participation. In this study, by reviewing the properties of Web 2.0, we investigate opportunities for small businesses in the Web 2.0 era. The findings of this study can provide helpful guidelines for small businesses to begin using and leveraging Web 2.0. Copyright Springer-Verlag 2008

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    Article provided by Springer in its journal Service Business.

    Volume (Year): 2 (2008)
    Issue (Month): 4 (November)
    Pages: 335-345

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    Handle: RePEc:spr:svcbiz:v:2:y:2008:i:4:p:335-345
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