Information Rules: A Strategic Guide to the Network Economy

Information Rules A Strategic Guide to the Network Economy 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 man

  • Title: Information Rules: A Strategic Guide to the Network Economy
  • Author: Carl Shapiro Hal R. Varian
  • ISBN: 9780875848631
  • Page: 153
  • Format: Hardcover
  • 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 inforIn 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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    One thought on “Information Rules: A Strategic Guide to the Network Economy”

    1. I don't understand why there hasn't been a second edition of this book! It's great, but its usefulness can only go so far due to the fact that it came out in 1999. I would love to see an updated edition.

    2. The most important resource is not currently derived from natural resources or capital again, but it is in knowledge. (Drucker 1993). Economic information or digital economy no longer relies on fixed assets, but on the intangible assets such as knowledge and information. The rapid development of information technology has provided a fundamental change in business structure and economy. This book outlines some important issues related to the information economy: for pricing information goods (pri [...]

    3. The insights in this book are still excellent almost 20 years after it was written.The examples are a little dated - but like a time machine to the tech pastWell laid out with very good additional readingsAdditional thoughts:Information Rules: A Strategic Guide to the Network Economy• Carl Shapiro• Hal R. Varian• Copyright 1999In Information Rules, authors Shapiro and Varian reveal that many classic economic concepts can provide the insight and understanding necessary to succeed in the inf [...]

    4. Not bad but I think the social media have changed a bit the information flow or rather disrupt it and this book may be a bit outdated.but I may be wrong

    5. Standard supply and demand models aren't as relevant to IT as other industries because of the often intangible nature of IT solutions, discriminatory pricing, high network effects and lock in. This book applies the fundamentals of economic theory in a practical manner that is specific to the Information Technology industry.While being useful as a strategy guide for varies common economic situation for IT business managers, it is also enlightening as a customer as to power held by large orginizat [...]

    6. Technology changes frequently, economic laws does not.The authors express their view on information economy from information, technology, and policy aspects. Information has a unique cost structure and therefore it requires strategic management of intellectual property. Information is also an "experienced" good and its value varies to different buyers and at different times. In the information age, information is abundant but attention is limited. These characteristics influences the technology [...]

    7. This is still the best introduction to the economics of the Internet and businesses that use the Internet. It is written by two of the top economists anywhere -- Varian has written one of the top texts on micro economic theory and is not the chief economist for Google. This is a clear and really insightful trade book that is much more informative and most economic and business texts. It is supported by a terrific web site (The Information Economy) and there are supporting materials available for [...]

    8. An excellent overview of the economic laws and good-case business practices in the information industry. Helps to understand, for example, why Microsoft or Google has achieved dominance in their respective market, why young consumers don't want to pay for films or music anymore or why the keyboard we are using is like it is. Due to its date of publication (1999), several examples are somewhat outdated. Discussion about U.S. Governmental policies is a little deductive and not so interesting.Other [...]

    9. Great book on nuts and bolts of business and economics in relation to the internet and computers. This book is a bit dated and much has changed since thie time this book comments on but for the most part it is so thorough in laying groundwork it is informative to read even now. There is potentially no book like it on the subject of computers and economics.

    10. Excellent book. Squeezes many of the 1990s tech business and policy battles into traditional economic theory about lock-in costs, positive feedback, price discrimination etc. Survived the test of time surprisingly well. Although he does suggest the Apple Macintosh could be in trouble, which was largely true, shame about all the other products.

    11. The book is bit dated but does contain a lot of interesting case studies which can be brought forward and superimposed with kids on the block in the current decade. It help explains some of the important tech events in the last few decades and is a useful chronicle to read. Not sure why author did not come out with the revised addition as it would have been so useful for everybody.

    12. An excellent information\technology strategy read. Really needs an update given when it was published which I'd love to see.

    13. They key takeaway for me is the concept of lock in and how to manage the issue. Few other economics texts I've read so far have articulated the issues and strategies as lucidly as this text.

    14. Never finished this one. The book jacket promises the arguments are timeless, but they're not. I was disappointed to see them completely disregard piracy as an avenue to explore.

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