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Information Rules - A Strategic Guide to the Network Economy (Hardcover)
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Information Rules - A Strategic Guide to the Network Economy (Hardcover)
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A thrilling exploration and helpful primer on the new economics of
the information age and network economy. Information goods - from
movies and music to software code and stock quotes - have now
displaced industrial goods as the key drivers of markets and
information business has, in turn, transformed into a highly
competitive battlefield. However, the underlying economic
principles that describe the exchange of goods in a free-market
economy are very much the same. Forget about economics being a
highly theoretical and dull subject, Information Rules is a
well-researched systematic analysis by two Berkeley professors,
crammed with examples of recent successes and failures. Shapiro and
Varian consider how to market and distribute goods in the network
economy, citing examples from industries as diverse as airlines,
software, entertainment and communications. The authors also cover
issues such as pricing, intellectual property, versioning, lock-in,
compatibility and standards. This book is certainly not a bunch of
speculative conjectures on the next new hyped-up technobabble
concept and/or technology that will soon revolutionize the world.
If you're looking for spin, whether to guide you in your business
choices or for marketing purposes, you won't find it here. The
objective of this book is to clearly communicate economic theories
pertinent to the information age, and to provide powerful tools for
strategic decision-making and rules of engagement for surviving and
winning standards wars. Information Rules is aimed at the hardcore
technologist, although it has been largely purged of technical
jargon. The only quibble is that the authors have bulked it up a
bit by being more repetitious than they need to be. However, like
any business book, the concepts have to be taken by the reader and
applied. (Kirkus UK)
In Information Rules, authors Shapiro and Varian reveal that many
classic economic concepts can provide the insight and understanding
necessary to succeed in the information age. They argue that if
managers seriously want to develop effective strategies for
competing in the new economy, they must understand the fundamental
economics of information technology. Whether information takes the
form of software code or recorded music, is published in a book or
magazine, or even posted on a website, managers must know how to
evaluate the consequences of pricing, protecting, and planning new
versions of information products, services, and systems. The first
book to distill the economics of information and networks into
practical business strategies, Information Rules is a guide to the
winning moves that can help business leaders navigate successfully
through the tough decisions of the information economy.
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