![]() Net Worth $24.95 Hagel has co-authored two especially important books (with Arthur G. Armstrong III and Marc Singer, respectively) and Net Worth "which builds on a number of the themes originally developed" in Net.Gain. As Hagel and Armstrong point out, Net.Gain "systematically [analyzes] the economic drivers for value creation that exist on networks. It [uses] one particular business model -- the virtual community -- to illustrate the unique capabilities of digital networks and how these might be harnessed to create a substantial business with very attractive economics." The material in Net Worth is carefully organized within three Parts: The New Infomediaries, Entry Strategies, and The Infomediation of Markets. Hagel and Armstrong also provide an Appendix: The Technology Tool Kit, followed by excellent suggestions for further reading. According to Hagel and Singer, "We came up with a key insight. Digital networks such as the Internet might for the first time provide the tools necessary for customers to capture information about themselves and to deny vendors access to this information....It became clear that there would be an opportunity for a new kind of business -- we call it `information intermediary' or `infomediary' -- to help customers capture, manage, and maximize the value of this information." Hagel and Singer challenge a number of common views about the Internet: "First, we urge senior managers not to view the Internet simply as a way to do the same things cheaper and faster....Second, we reject the notion that the Internet is uniformly leading to disintermediation, creating opportunities for vendors to connect directly with customers while relentlessly eliminating all intermediaries that previously came in the way....Third, we question whether the real value of the Internet is in information access. The Internet instead is a powerful platform for connecting people or businesses with each other, enriched and enhanced by relevant information....Fourth, we are suspicious of claims that the Internet will systematically lower barriers to entry and lead to fragmentation of businesses." These excerpts from the text correctly suggest that (a) Hagel and Singer believe that there are several quite serious misconceptions about the Internet relative to virtual communities and (b) they have quite specific opinions about how best to shape markets at a time when customers determine what the terms of engagement are.They assert (and I wholeheartedly agree) that companies playing the "infomediary" role are now -- or will soon become -- the custodians, agents, and brokers of customer information, marketing it to businesses (and providing then with access to it) on consumers' behalf, while at the same time (key point) protecting their privacy. In the final chapter, Hagel and Singer observe that "This book has argued that infomediaries can play an extremely valuable market role in reconciling the tension between the growing value of customer information and the growing concern over customer privacy....[Over time] infomediaries will reshape firms and markets. In doing so, they will unleash broad social changes and call into question many conventional approaches to public policy. Our response to these social and public policy issues will in many respects determine the pace and the ultimate effects of this innovative new business model." It is probably impossible to calculate the full value of what Hagel and Singer provide in this single volume. Theirs is a stunning achievement. Beyond its obvious implications for multi-national enterprise, the concept of "infomediation" may well be the defining principle of global connectivity and interactivity for decades to come. My strong recommendation is that Net.Gain be read first, then Net Worth. My further recommendation is that both books be used to formulate the agenda for a workshop or what is generally referred to as an "executive retreat" (preferably for two days and located offsite) with all participants required to read both books in advance. Those who share my high regard for the two books are urged to check out Peter Senge's The Fifth Discipline as well as O'Dell and Grayson's If Only We Knew What They Know. Both can also help with the planning and then implementing the off-site workshop recommended earlier. ![]() Kenneth Cole New York Men's Net Worth Slip-on,Black,11.5 M $174.95 These and all Kenneth Cole shoes are the best shoes on the market. They look great with a suit and compliment jeans and a shirt nicely. ![]() Net Worth Express HOME Edition $29.99 Net Worth Express is a unique software program that allows you to create and maintain a Personal Financial Statement, also known as a Statement of Financial Condition. The software and its professional reporting capabilities are designed to make applying for or maintaining credit with a financial institution easier and more comprehensive. Net Worth Express gives you the ability to easily determine your net worth and gain a better understanding of your overall financial condition. It also allows you to track your net worth on an on-going basis. While there are several ways to evaluate your monetary situation, determining what is known as your "net worth" is perhaps the clearest indicator of your financial condition at any given point. That is why many financial institutions require a Personal Financial Statement that includes a calculation of your net worth when applying for a loan or maintaining a line of credit. In addition, when planning and analyzing your financial future, a Personal Financial Statement is the best report to begin with and use throughout your life. Until now, determining your net worth and creating a Personal Financial Statement has been a daunting task. Net Worth Express has changed that! Most individuals will find that the HOME Edition fully meets their financial statement preparation needs. However, individuals with a more complex financial situation (small business owners and high net worth people, for example) - may want to consider the extended features of the PRO Edition. This product is compatible with Microsoft Windows ME, NT 4.0, 2000 and XP. ![]() Historic Print (XL): Shad fishermen loading their half-mile of net worth $1500 for another haul, Delaware Riv $457.00 Historic Print (XL): Shad fishermen loading their half-mile of net worth $1500 for another haul, Delaware RivThis is a museum quality, reproduction print on premium paper with archival/UV resistant inks. The framed work is single matted (ivory), under acrylic glass, with a hanging wire.Date: c1905.Subject: SOURCE: Library of Congress |
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