Inforation Management Jack M Wilson Professor of Management.pptVIP

Copyright 1999-2003 by Jack M. Wilson -www.JackMW Information ManagementJack M. WilsonProfessor of ManagementThe University of Massachusetts Amherst What is happening to the world? A few questions that we hope to answer: Why has your life been so crazy for last few years? Why is your CEO feeling uneasy? What is happening to the stock market? What is the Internet Tsunami? How can you survive it? How can you profit from it? In the beginning In the beginning there was the net. –Jack Wilson The secret of success is changing the way you think. –Jack Welch Folks, they say that if you want to be a leader, find a parade and get in front of it. –Jim Barksdale, CEO Netscape. Nobody is more surprised than me by what has happened over the last four years. –Jeff Bezos, CEO of A [Business Week] The Power: What’s happening? Do you think the pace of change is accelerating? Changing the Face of Industry! The Pain: Changing Corporate Landscape Would you rather be red than dead? Twenty seven (27) of the top 40 US Technology based companies are those that have done an IPO since 1980! (Shown in red) New companies are rapidly challenging and displacing established enterprises. Let’s have a look at the Dow “Blue Chips” as they existed in the summer of 1999. The Pain: What happened to the Blue Chips? Yep, in the summer of 1999, the 10 largest non-Dow stocks were larger than the 10 largest Dow Stocks! This forced the Dow to be revised to include many of these companies. The Power: Why we are running so hard? The Internet’s pace of adoption eclipses all other technologies that preceded it. Radio was in existence 38 years before 50 million people tuned in; TV took 13 years to reach that benchmark. The Internet passed that in 4 years, once it was opened to the general public. Internet Tsunami- A Reprise In 1994, 3 million people were connected to the Internet. By the end of 1997, more than 100 million people were using the Internet. Internet Traffic is doubling every