OCTOBER 29, 2001
BUSINESSWEEK E.BIZ -- COVER STORY
In the rush to the Net, many companies let departments throw up Web sites
with little regard for how they would help the overall business. Now they're
trying to untangle their Net initiatives and get them focused on their core
business. Here's a sampling:
THE OLD WAY THE NEW WAY
Citigroup In 1997, Citicorp set up A Corporate Internet
e-Citi as an incubator to Operating Group oversees
come up with Web businesses. Net strategy, with e-Citi
E-Citi spent $1.1 billion providing technical support.
and launched an Internet- Now Citi has 38 U.S. sites,
only bank called Citi f/i, down from over 100. Citi-
which landed only 30,000 group says moving its back-
customers and created office functions online will
tension with other bank save $1 billion-plus next
units. year.
Ryder System Separate divisions put up All the company's Web sites
10 Web sites for everything are now linked to ryder.com.
from selling used tractor- A redesign helps customers
trailers to emergency road- locate their shipments
side service. But many didn't within two clicks. Now Ryder
link to the corporate site, uses the Web to coordinate
ryder.com. And its shipment- its picking, packing, and
tracking service was buried shipping for customers.
10 clicks deep into the
ryder.com site.
Deere & Co. Managers launched 13 Web The company merged the
initiatives, serving mar- Web sites into deere.com.
kets that generated little Now customers can buy
revenue. Deere makes most new or used equipment,
of its profits selling seek service or repairs
new construction equipment, --or even use the Web
yet it had three sites site to configure their
for used equipment. own gear, a first for
Deere.

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