Summary of How Data Will Transform Business

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Rating

8 Overall

9 Applicability

7 Innovation

7 Style


Recommendation

The Internet has forever changed the way companies conduct business. Management consultant Philip Evans examines how new information technologies are forcing executives to revise the way they approach business strategy. getAbstract recommends Evans’s shrewd presentation to corporate executives and future leaders seeking a way forward in the information-based economy.

In this summary, you will learn

  • Why traditional business strategy is becoming obsolete,
  • How falling transaction costs and data sharing have changed the nature of commerce, and
  • How strategists must alter their assessment of the role and structure of business.
 

About the Speaker

Philip Evans is a managing director at the Boston Consulting Group and co-author of Blown to Bits.

 

Summary

Two ideas form the basis of traditional business strategy: First is the theory of increasing returns, proposed by Bruce Henderson, founder of the Boston Consulting Group. Henderson contended ...

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