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    The bank industry in Colombia is a highly competitive one. This is primarily due to the government’s focus on growth and development (Rojas, 2017). This can be seen through various factors that have impacted the sector. One of these is the global financial crisis, which resulted in lower inflows and lower interest rates (Rojas, 2017). As a result, banks in Colombia have had to become more innovative, which includes upskilling and reskilling their workforce. The bank industry has adopted an upskilling

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    1. Market Size and Potential China is now the world’s largest market for electronic commerce. By 2008 it’s projected to be the second largest market in the world. According to Farhoomand (1999:1) the “top 50 online companies in China have an average annual revenue of CN¥25 billion or CN¥32 million a year” and the top 100 have CN¥15 billion or CN¥18 million a year. As the market size is

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    – The Chinese government established the first national digital market in 1994, by launching an online marketplace for electronic commerce on a state level. – The government invested heavily in e-commerce infrastructure to promote this marketplace and improve its functionality. – To capitalize on the growing market, the government also developed an online payment system in 2000. – These developments marked a significant milestone in Chinese e-commerce history. – Chinas e-commerce growth has significantly impacted China and worldwide industries. This market