Blown to Bits : How the New Economics of Information Transforms Strategy (Hardcover)

Author: Evans, Philip

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Product Overview

Richness or reach? The trade-off used to be simple but absolute: business strategy either could focus on "rich" information -- customized products and services tailored to a niche audience -- or could reach out to a larger market, but with watered-down information that sacrificed richness in favor of a broad, general appeal.

Now, say Evans and Wurster, the new economics of information is eliminating the trade-off between richness and reach, blowing apart the foundations of traditional business strategy. With the spread of connectivity, customers increasingly will have rich access to a universe of alternatives, suppliers will exploit direct access to customers, and focused competitors will pick off the most profitable parts of your value chain. According to "Blown to Bits, " business definition, industry definition, and competitive advantage are simultaneously up for grabs.

With an uncompromising clarity and vivid examples, "Blown to Bits" is targeted squarely at today's practicing business and corporate leaders. This groundbreaking book shows how to build new strategies that reflect a world where richness and reach go hand in hand and explains how to take advantage of the new forces shaping competitive advantage.

Specifications

Publisher Harvard Business School Press
Mfg Part# 9780875848778
SKU 30538033
Format Hardcover
ISBN10 087584877X
Release Date 10/1/1999
Physical
Dimensions (in Inches) 9.75H x 6.5L x 1T
From the Publisher
Annotation This business analysis argues that the shift to an information-based economy is radically changing the structure of business, and tells managers how to transform strategic planning efforts in any industry and, in turn, profit from this development.
Editors Note Richness or reach? The trade-off used to be simple but absolute: Your business strategy either could focus on "rich" information - customized products and services tailored to a niche audience - or could reach out to a larger market, but with watered-down information that sacrificed richness in favor of a broad, general appeal.|Much of business strategy as we know it today rests on this fundamental trade-off.|Now, say Evans and Wurster, the new economics of information is eliminating the trade-off between richness and reach, blowing apart the foundations of traditional business strategy. Blown to Bits reveals how the spread of connectivity and common standards is redefining the information channels that link businesses with their customers, suppliers, and employees. Increasingly, your customers will have rich access to a universe of alternatives, your suppliers will exploit direct access to your customers, and your competitors will pick off the most profitable parts of your value chain. Your competitive advantage is up for grabs.|To prepare corporate executives and entrepreneurs alike for a fundamental change in business competition, Evans and Wurster expand and illuminate groundbreaking concepts first explored in the award-winning Harvard Business Review article "Strategy and the New Economics of Information," and present a practical guide for applying them. Examples span the spectrum of industries--from financial services to health care, from consumer to industrial goods, and from media to retailing. Blown to Bits shows how to build new strategies that reflect a world in which richness and reach go hand in hand and how to make the most of the new forces shaping competitive advantage.
Product Attributes
Book Format Hardcover
Number of Pages 0261
Publisher Harvard Business School Press

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