The book is extremely well-organized and has tons of practical knowledge and insight. Furthermore, all the principles are illustrated using easy to follow, real life examples. Excellent throughout -- highly recommended!
Nick Flor, a Professor of Information Systems at Carnegie Mellon's Graduate School of Industrial Administration, argues that to create high-value business web sites requires business as well as technical knowledge. He draws a distinction between a mere web site, which he says, exchanges information and a business web site, which exchanges value - it generates significant revenues and/or drastically pares expenses.
He says three skills are required is proposed for systematically molding the Web to the specific requirements of the specific business.
1.General Business Knowledge.
2.An ability to analyze and diagnose business activities.
3.An ability to design Web treatments to address those activities.
To equip Web entrepreneurs and consultants with these requisite skills, Flor organizes his book into four sections:
1.Web Business 101 - This section covers the first business skill - the big picture. This general business primer includes a discussion of Return on Investment, Net Present Value, Payback, Internal Rate of Return, production, distribution and the effects of competition.
2.Web Business Engineering - Using the knowledge acquired in the first section, the book proposes a methodology that links technical knowledge with business specific knowledge.
3.Case Studies Putting Offline Activities Online
4.Case Studies Applying Web Business Engineering to Online Activities
Stick with the book until you reach the case studies. They add value to the first two sections.
This well-written book sheds important light on web development. By focusing on the author's definition of "value", managers and development teams will avoid aping successful online companies, building instead, systems that address what companies should be doing online based on their offline activities.
The approach set forth in this incredible book is straightforward and focused solely on business imperatives. I suspect that the author and publisher realized that the title would attract IT professionals and consultants, which accounts for the inclusion of business 101. I almost skipped over this part and am glad I didn't. Even here what I thought I knew about business turned out to be superficial. The education you will receive in Business 101 goes well beyond the basics and I recommend that everyone read this regardless of whether you are an IT professional or have a business background. You might just discover that you've been misapplying common techniques such as NPV, IRR and ROI, or using the results in erroneous ways. In other words, the section titled "Business 101" is much, much more.
I loved the author's approach to value chain analysis, which is straightforward and based on a simple, but effective, notational language. Here, like in every other chapter, I learned techniques that will serve me well in general consulting assignments outside of web business engineering.
The web business engineering methodology itself is one of the leanest, most effective processes that I've ever encountered. I can only describe it as elegant. It's a blueprint for success when success is measured by how well a system is aligned to business strategy and goals. If you follow the method and resist the temptation to take shortcuts you will be rewarded with a system that meets all of your requirements and objectives whatever they may be - and you'll know exactly what the value of that system is to your organization.
A few observations about this book: (1) Give yourself plenty of time to read through this book and work through each example. It took me four times as long as it would for a book of approximate page count and topic complexity. If you're unwilling to make this commitment, perhaps you should pass this book up. (2) I fully agree with the author and a previous reviewer that web systems projects should be managed by business instead of IT. (3) If you're an IT professional get this book and read it from cover to cover - even if you never work on a web project you'll receive an incredible education in business factors and requirements analysis that will serve you well on *any* project. As a fellow IT professional I will assure you that this book will change your outlook.
This book is among the best I've read on any topic or subject and should be required reading for anyone who is assigned to a web project. It's also, in my opinion, one of the most important books published in the past few years.