Initially, electronic commerce has been a landgrab which took speed, a willingness to experiment, and a lot of cyberssavvy. But that phase has ended. However, in the second phase the key players have to defend and capture territory. In this article the authors offer practical advice to each player on competing in this 2nd generation of e-commerce. Companies are forced to focus on strategies to achieve competitive advantage. Success will go to the businesses closest to consumers. Navigation is the battlefield on which competitive advantage will be won or lost. There are three dimensions of navigation: (1) Reach is about access and connection; (2) Affiliation is about whose interests the business represents; and (3) Richness is the depth of the information that a business gives to or collects about its customers. The authors discuss the competition on each of these dimensions. In their opinion, navigators and e-retailers have the natural advantage in reach and affiliation, while traditional product suppliers and retailers have the edge in richness. The authors provide advise from the perspective of a navigator, electronic retailer, incumbent product manufacturer, and incumbent category killer retailer.
Good solid article on the second (latest?) phase of competition in electronic commerce. This article was adapted from the authors' bestseller 'Blown to Bits: How the New Economics of Information Transforms Strategy'. It shows the changes from the orginal landgrabbing strategies to focusing on competitive advantage and proper strategies. Highly recommended. The authors use simple US-English, although with some Internet/e-commerce jargon.
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Six years before it was summer, and the world was at peace. On a lark, she's decided to take up her British pen pal's invitation to a three week stay in the Oxfordshire countryside. Robin Fennel puzzles and fasicinates her. The middle part of the book takes us back six years, to that idyllic time. Katherine and Robin's relationship does not fit into any standard romantic paradigm. It is all too subtle for that, and I'd love to see this exquisitely written novel turned into one of those wonderfully atmospheric films the British excell at.
Once again, it is good to read a World War II story, free of latter day cliches, and the teary-eyed romanticism typical of its own period. This book is rather more rewarding than Larkin's first effort, Jill, in that the lead character -- he does a wonderful job with a woman, by the way -- is more complex, mature and knowing than the hapless John Kemp of Jill.
There is also a hint towards a happy ending, though the ultimate outcome would depend on both characters surviving the war. A beautiful book and a pleasure.
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The more accurate biography of Bix is that by Phil and Linda Evans, which has a wealth of information and photography not included in this book by Evans and Sudhalter, and has been carefully compiled to have only facts, not anecdotal myths.
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The article starts with a case study on the reversal of fortunes represented by Kmart and Wal-Mart from 1979 to 1989. This example serves to explain the four principles of capabilities-basded competition: (1) the building blocks of corporate strategy are business processes; (2) competitive success depends on providing superior value to the customer; (3) strategic investments in support infrastructure that links units and functions; and (4) the CEO is the champion of a capabilities-based strategy. The authors conclude that the key to competitive advantage has moved from strategic positioning to anticipation of market trends and quick response to customer needs. "The prize will be companies that combine scale and flexibility to outperform the competition along five dimensions: (1) speed; (2) consistency; (3) acuity; (4) agility; and (5) innovativeness." So the challenge is to become a capabilities-based competitor. This challenge requires managers to see their business in terms of strategic capabilities, then, to identify and link together essential business processes to serve customers, and, finally, reshape the organization to encourage the new kind of behavior. Thankfully the authors introduce a four-step guide for this process, using Medequip - the medical-equipment company - as an example. The main advantages of competing on capabilities is that it provides a way for companies to gain the benefits of both focus and diversification, it enables growth by transferring essential business processes, and advantages built on capabilities are easier to transfer georgraphically. The authors make greate use of examples, such Kmart vs. Wal-Mart, Wachovia vs. Banc One, and Honda.
Although the authors disagree, this article expands on Prahalad & Hamel's core competence-theory (1990): "But whereas core competence emphasizes technological and production expertise at specific points along the value chain, capabilities are more broadly based, encompassing the entire value chain." Strong point of this article is that it makes the core competennce-theory more practically understandable and provides good insights into the implementation of that theory into organizations. Although somewhat outdated it is a great, clear article which I recommend to managers and MBA-students. The authors use simple US-English.
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Yes, the economics of information is different from the economics of things (with physical inputs like capital, and labour) but most of the examples cited in the book are not new: Dell Computer, Charles Schwab, and Sabre on-line reservation systems.
As one of the other reviewers mentioned, it is perhaps better to scan it while in a bookstore.
Although the ideas are perhaps not fundamentally new, the analysis is brilliant. The clarity of presentation is evidence of the authors' backgrounds as consultants and the work will certainly assist to clarify strategic thinking as organizations grapple with alternatives. It also demonstrates where future competition is likely to come from.
I have found this well worth the read. It is full of real life examples that increase understanding and allow comparisons to one's own ideas. I will recommend it to anyone interested or involved in business strategy.
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 their 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.
Philip Evans is a Senior Vice President of The Boston Consulting Group. Thomas S. Wurster is a Vice President of The Boston Consulting Group in Los Angeles. The authors are co-leaders of The Boston Consulting Group's Media and Convergence Practice.
Reviewed by Azlan Adnan. Formerly Business Development Manager with KPMG, Azlan is currently Managing Partner of Azlan & Koh Knowledge and Professional Management Group, an education and management consulting practice based in Kota Kinabalu, Malaysian Borneo. He holds a Master's degree in International Business and Management from the Westminster Business School in London.
In short, you are a Britten buff. And it would be nice if there were a complete, detailed, chronological list of all his works, together with information about first performances, or other useful background notes on the composition and its performance.
You need wish no more. Here is your book, the only one you'll need. Complete, detailed, chronological, including an extensive bibliography, a list of recordings, even notes on incidental musical and occasional works. It is a thorough, no-nonsense catalog, lovingly compiled by John Evans, Philip Reed, and Paul Wilson, and published by the Pears-Britten Library in Aldeburgh, the seat of the annual Aldeburgh Festival.
It is hard to imagine a more useful book. No Britten-lover can afford to be without it.