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perfect addition to my library
One of a Kind

...you get some great articles regarding EBusiness
Real world issues and solutions - excellent book!The book is divided into three topic areas: strategy, implementation and technology. The material in each section appears to have been carefully selected to provide the essentials. For example, each of the six papers under Strategy contain a distinct viewpoint of a distinct element of developing and implementing an e-business strategy. My favorite paper in this section is "Finding Sustainable Profitability in Electronic Commerce" by John M. de Figueiredo because it shows not only what needs to be done, but also what will not work. Each of the other sections follow this pattern - the papers are in touch with the harsh realities and challenges faced by businesses, not stuff cooked up in an ivory tower.
Although not stated as an objective by the authors (and editors), this book does a remarkable job of bridging the gap between business and IT. For the business side, the slant towards strategy and marketing in the e-business environment will provide a solid foundation about what it takes to establish an "e" presence, and how to effectively build trust and a brand image, develop customer loyalty and manage online processes. For the IT side this book provides insights about business challenges within the context of strategic and tactical requirements. This is especially useful information for those who are working as business systems analysts. Those IT professionals need to gain more than a cursory understanding of business requirements and translate them into technical solutions. Moreover, for those few IT departments do anticipate business needs, or are integrated into the business strategic planning process this book will provide many ideas about how technology can support business imperatives.
In addition to the excellent material in this book, you'll find a wealth of information on Erik Brynjolfsson's personal web page, which also has links to even more relevant material on pages at MIT Sloan School of Management and MIT's Center for eBusiness.


A Great Read
Ecellent Insight

Operational Excellence ExplainedI wish I had read it long ago! Not because I am a businessman, but because it has given me real insight as to how my company, one of the "winners" mentioned in the book, makes it happen. Understanding that has transformed the way I handle my responsibilities within the organization. And that has transformed my annual bonus handsomely.
Survival it is!

Review of "Trade Policy and Market Structure"The three central issues that recur in this book are the effects of trade policy on market power, the strategic effect of trade policy on competition and the effect of trade policy on consumer choice.
The defining feature of imperfect competition is that firms do not take prices as given. As a result they do not regard the sole effect of selling another unit of output on their revenue as being the price of that unit; they have some conjecture about what effect selling more will have on the revenue they get from inframarginal sales. The end result is that price normally exceeds marginal cost.
The ratio of price to marginal cost is one measure of market power. A trade policy may alter the markup of price over marginal cost in ways that are benefitial or harmful to the country that initiates the policy.
This book shows that problems involving market power can be analyzed by focusing on perceived marginal revenue -- the increase in revenue that a firm expects to receive by producing one more unit, which is always less than the price (because of the effect on intramarginal sales) but may exceed the true marginal revenue that would prevail if the industry acted in concert.
An aspect of the new literature on trade policy under imperfect competition is the possibility that interventionist trade policies may have beneficial strategic effects. A strategic move is an action that is not profitable viewed in isolation but that alters the terms of subsequent competition to a firm's benefit. For instance, a firm may invest in excess capacity that it does nor intend to use, but whose presence deters potential competitors from entering the market. Government trade policies may serve the same kind of role.
Some questions that this book brings up in this regard are: How likely is it that a government will be able to have the information necessary to conduct a successful strategic policy? and Are there likely to be offsetting effects in the kind of industry to which the strategic trade argument might apply?
Making a commodity is costly, but if its price exceeds its marginal cost, then the resources used to produce it might not have an equally productive use elsewhere. In priciple, policies that induce consumers to purchase domestic goods whose price surpasses marginal cost may raise national income.
Protection can under some circumstances induce an increase in domestic production that actually lowers prices to consumers.
Arguments based on imperfect competition, external economies and factor market distortions have substantial empirical support and are the most powerful professionally respectable arguments against free trade.
In international trade policy analysis, distortions that could justify government intervention were superimposed on a theoretical structure whose logic was that of competitive equilibrium. In the new theory the imperfections are built into the structure from the get go.
The reasons for treating trade policy conclusions cautiously are: 1) Uncertainty, the effects of a given policy may depend crucially on the details of the market. 2) Domestic political economy, there are people eager to appropriate the result of new trade theories to support dubious causes. 3) International rivalry, a policy that benefits one country acting unilaterally may be harmful if everyone does it.
Since quantitative analyses seem to indicate that the gains from even optimal intervention are small, many economists have suggested that free trade remains a useful rule of thumb, even though it is rarely optimal in modern trade policies.
The book develops the arguments gradually, starting with market structures that exhibit one-sided market power and moving on to those that show two-sided market power. After providing background on trade policy in a competitive environment, the authors discuss import protection by a country with a domestic monopoly or oligopoly. Then they deal with import protection in an economy that faces a foreign monopoly or oligopoly, while domestic supply is nonexistant or competitive.
Later in the book strategic interactions come in to play beginning with an export-market scenario whereby domestic firms with monopoly power compete with foreign firms with monopoly power too. This is followed by an exploration of the role of strategic interactions in a domestic market in which domestic firms with market power compete with foreign firms with market power as well.
Trade policy in the presence of two-way trade, which may arise from monopolistic competition in differentiated products or for strategic reasons, is also examined in this volume. Finally, the authors review the recent literature that tries to quantify the effects of trade policy in noncompetitive environments. The new methodology and the numerical results are discussed.
There are four main areas in the analysis of trade policy under imperfect competition that deserve further investigation: 1) Models of market structure that make size distribution of firms endogenous. 2) Models of cooperative behavior to reflect some real-world activities of oligopolists. 3) Models with real dynamics in which trade policy can change the long-run rate of growth. 4) Quantification to confront the models with data so as to narrow down the possibilities.
In its time, this was a ground-breaking book. Hopefully, since its publication in 1989, economic researchers around the world could have taken note of the fields where deeper work was needed and made significant progress in constructing better models. By now, there should be already something in print that sums up the gains in the past decade, so it would be advisable to try to look up these updated books too.
should be required reading for trade policymakers everywhere

A must read on SFAS 141 and 142
Great coverage of new SFAS 141 and 142

A "must-have" for any consultant.
Simultaneously Fundamental and Visionary...In discourse with a fellow business consultant we bantered about the topic of Lipnack and Stamps latest book (of which I had received an advance copy). He said: "Unfortunately, Lipnack and Stamps(L&S) have been 10 years ahead of the curve with their understanding of the importance of networking."
"But," I replied, "With the book 'Virtual Teams' they offer the world-wide-race-to-the-Internet a well needed moment of reflection-during which they offer PURPOSE to connecting and give virtual teaming DEFINITION and DIRECTION." And the banter continued but we both agreed and got tingles as our chat echoed the truth of their statement:
"Communication technologies and computer networks-in particular the Internet-are underwriting this moment of pregnant potential." (p 240)
"You know," I concluded, "It's a good thing they (L&S) were ahead of their time-otherwise we would not have the language to discuss our 'interdependence' symptoms, to test our 'distributed business' hypothesis', and to realize how much responsibilty it is to be 'pregnant' with potential! Really! The capabilities and expectations we have to manage in these Internet days... how exciting, how dangerous! After all, 'net potential, without 'net performance is just predisposed waste, don't you agree?"
"Yeah, yeah Paula,--yadda, yadda, yadda; 'net, 'net, 'net...enough philosophy-so, should I read the book or not?"
"Go for it." I replied. "This book is not just an electronic blip about the latest fad of virtual teams- it is a study on careful communication, on planning and developing valuable distributed business relationships...a book to be savored and re-read over time."
(BTW --Mine is already all dog-eared and worn!)
Be prepared to THINK DEEP; when you read this book, SIP it SLOWLY and --ENJOY!


Impartial review?I would question the objectivity of the previous review.
Please also place no credence in my rating of five stars, I have yet to receive my copy.
A clear and practical guide to an often-confusing industry.

Best money I've spent on researching Internet businessOne last note. I worked with some of the best thought-leaders while I was working with two Big-5 consulting firms, and I saw how the old Chinese proverb "To know, but not to do, is not yet to know" was truly accurate. They knew what they knew because of their experience. Because of his dead-on summary of these essentials, I didn't believe that a book of this quality could come from someone who was just a writer and has a few Internet businesses. I found through further research that Marc was formerly a partner at one of the leading web development and operation firms. I think he should include a few more lines in his too-brief bio to explain that. Even without that, the book speaks for itself.
Loved It!