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"The Fastest Learner Wins" - [Comment
from the Harvard Business School Symposium 2000].
And now without capital, so "The 'Leanest
Fast Learner wins" prevails. Can broadband
help you learn fast, act fast and without much
capital? The most fundamental reason that the
Internet will persist as a key source of distribution
and information is its dynamic nature.
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It
has created exceptional access to a level and
quality of information not thought possible, and
continues to do so through self transformation.
Prior to the Internet, market imperfections were
dominated by information gaps and deficiencies.
These imperfections were the underlying source
of competitive advantage for many firms. With
most economists agreeing that perfect information
is an integral part of a competitive market, the
Internet has created the potential to not remove,
but lower, the entry hurdle of one of the most
important barriers to market competition.
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How
many bricks and mortar companies depend on information
blocks for their competitive advantage? These
businesses would seem to be the most vulnerable
to the continuous waves of new competition coming
from the Internet and consumers of products and
services from these businesses would seem to be
the largest beneficiaries. |
