Digital Capital: Harnessing the Power of Business Webs
Author: Don Tapscott, David Ticoll, Alex Lowy
List Price: $27.50
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ISBN: 1578511933
Publisher: Harvard Business School Press (May, 2000)
Sales Rank: 2,302
Average Customer Rating: 4.67 out of 5
Customer Reviews
Rating: 5 out of 5
Establishing Improved Business Models in a Connected Age
This is one of the few business books that dare address the central issue for most companies today: How to establish competitively-advantaged business models for serving customers that capture the power of the Internet to work with others. Anyone who doesn't know what they want to do for an Internet-based business model or doesn't like the one they have will get great benefit from this book.Like Blown to Bits, Digital Capital looks squarely at the economic impact of the Internet on existing business models. But Digital Capital goes further in laying out the necessary steps to build on five business models that have been working that involve creating business networks that are Internet enabled (b-webs in the parlance of this book).
You will instantly recognize the five business model types, because the authors provide lots of examples (at least some of which will be familiar to you) and lists of characteristics of each type.
You will also know how to go from where you are to reaching one of these archetypes by the strategy directions the authors provide. The only drawback of this section is that the language gets a little b-schoolish (and full of very long words).
The conceptual basis of the work is sound. The only two points that were not discussed were (1) how these models might evolve into more powerful models in the future, and (2) how they might merge with each other.
Where the book is at its best is in helping you think through how to add other companies into a related web of interests to get more done -- thinking that goes well beyond the well-known outsourcing mindset.
Good luck with improving your Internet-based business model! Keep in mind that technology will evolve rapidly and enable some new business models that can only be dreamed about today in just 3-5 years. So be sure to look at the irresistible forces of technology development in thinking ahead.
Rating: 5 out of 5
Digital Capital...humbly titled...
"Digital Capital; Harnessing the Power of Business Webs" effectively defines, describes and validates e-commerce strategy through the use of business webs. Before even cracking this book, I had worked for a leading e-commerce company for almost four years and was just shy of completing an e-commerce course in an MBA program. I was pleasantly surprised to gain as much as I did from reading this book. The authors make excellent use of various business models and case studies to illustrate the value added of an interactive business web economy. I recommend this book to anyone who is involved in e-commerce or would like to learn more about why this emerging structure is so coveted. In the past, I have been left almost angry after spending hours of my valuable time reading a book that claims to deliver wisdom regarding e-commerce strategy. This is the reason behind my subject line in which I state that the book is humbly titled. The book efficiently describes this era of change and its effect on various industries including the automotive and computer industries. Judging on the merit of the book alone, the authors either have first hand knowledge or have done extensive research before writing this book. It is well organized, elaborate and complete. You will learn from this book.
Rating: 5 out of 5
Don Tapscott's Way... 'Clear Vision' & 'Great Thinking'
Like his other books, this 'Digital Capital' will bring us to a new level of thinking about how Net-Economy will work and shape the world we've already known.Tapscott's clear vision about 'digital money' will surely give us a higher perspective about what works and what doesn't work in this internet 'boom and bust' era.
One of the best Tapscott's book since 'Digital Economy'.....
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Book Index