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n“ The next information revolution will engulf all of modern society. But it has started and gone farthest in business enterprise. It is forcing us to redefine what business enterprise is and actually should be.”
n- Peter Drucker
n“ In five years, there won’t be any Internet companies, because they will all be Internet companies or they will die.”
n- Andy Grove
nIndustries Most Affectedn(% increase in number of online purchases 1998-1999)
n- Travel +302%n- Music +269%n- Clothing +250%n- Auto Sales +216n- Consumer Electronics +205%nSource: IDG
nOld: Land, Labor, Capital = Value
nNew: Information = Infinite Value Bits are more valuable than
Atoms
Business Tools &Methods
Financials
New Ideas
Accounting Practices
Training
Knowledge Capital Future Sales
Personal Contacts
Marketing
nInfomediaries:
n- Provide Navigation; Not A Destinationn- Expedite; Don’t Ownn- Represent; Don’t Supply Inventoryn- Aggregate, Don’t Create
n- Are Catalysts; Not Participants
nIndustries In Danger:n- Traveln- Auto Salesn- Insurance salesn- Supply Chain Managementn- Newspaper Classified Ads