Date Added: Dec 2010
Why is the 21st century economy so different, and how can for-profit companies and not-for-profit organizations succeed? During the past decade, the business world has crossed a threshold from which there is no turning back. The key to the today's business world is fast-moving, ubiquitous, universally available information and unlimited connectivity - all with a cost approaching zero. The business world has become more transparent and interdependent than it ever was before. This is unshackling corporate strategies from old restraints and revolutionizing customers' conduct as they are influenced by vast global "Herds." This is wreaking havoc with old concepts of market behaviour and risk management and shattering common economic principles.