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
New Buyers
+ New Sellers
+ New Marketplace
= NEW RULES FOR A NEW ECONOMY
n1. MATTER - It matters less.
nOld: Land, Labor, Capital = Value
nNew: Information = Infinite Value Bits are more valuable than