Israel Business Management

I have been on the road for the last week or so. It is very interesting to see how the world has changed due to the Internet and the economy.

I stayed at a Hyatt last night in a room booked on Hotwire. The room rate was around $70, but if I had tried to book it directly, it would have been $150+ per night.

The Internet has commoditized most of the items we buy. Plane tickets, hotel rooms, rental cars, groceries, etc. All of these can now been researched online to find the cheapest price.

The economy has driven us to search even more carefully on the Internet. Where some people may have given their business to a travel agent, now, a buyer can do the research by themselves and save even more money by cutting out the middle man.

What is next?