ID: 18490
Authors:
Alexandre Barsi Lopes, Nicolau Reinhard.
Source:
RAUSP Management Journal, v. 31, n. 4, p. 31-43, October-December, 1996. 13 page(s).
Keyword:
competitiveness , distribution of financial information , news agencies , quotations , strategy , vertical integration
Document type: Article (Portuguese)
Show Abstract
The paper focuses on companies that distribute on-line financial information (prices and transactions OT stocks, commodities, currencies, etc., journalistic news, analyses and raw data bases: time series, balance CC sheets, etc.). These companies provide decision makers with access to information generated and stored by the companies themselves or third parties in a timely, reliable and attractive way. The market is served by a small number of multinational and national companies, associated with news agencies or independent information producers and distributors. Generalized availability of technology at lower cost has switched competitive advantage from distribution to the control of information sources, specially news, leading to vertical integration: news agencies acquiring distribution companies and distribution companies developing their own news generation capacity. Clients differentiate vendors by their reliability, speed and accuracy of information delivery, breadth of coverage, source credibility and market leadership. News are important: multinationals are perceived as being a better source for international news, while national news agencies provide more comprehensive Brazilian coverage. New channels, like the Internet, will be used for the distribution non-perishable information and a new market is opening for large comprehensive data repositories, that can be searched by users according to special needs.