|The Internet is transforming the world. Old rules are obsolete ...
How do you build for the emerging Net economy?
old model for building a business is the 'Castle model.' Here the
objective is to build a castle, then bring everything inside, and the
focus is on ownership. And ownership provides control. So bigger the
castle and more stuff you have in the castle, better the business.
this is the old model. The "Castle-mindset" has organization wide
impact. Traditionally, the high cost of building a castle provided
barriers for entry.
But with the Internet many of those barriers no
longer exist. This is one of the reasons why businesses need to change
in order to be successful in the digital economy - They can no longer
depend on the Castle for protection.
The business architecture for the Net economy is the Digital Ecosystem.
are streamlined, interconnected internal and external processes
required for business operation implemented over a robust and reliable
distributed infrastructure with sufficient control and monitoring
The Digital Ecosystem
consists of these 5 interconnected components. The core business
operations, the distributed infrastructure. Internal and external
processes for supporting the business operation. And there is one more
key element which is the Control & Monitoring functions needed to
make sure that the processes are operating effectively.
Focus need to be on
implementing workflow automation for high operational efficiency. This
means that the network elements and components involved need to be
monitored constantly for problems. Fault location, identification and
resolution are to be implemented proactively to eliminate operational
You Have two choices:
- Build your Digital Ecosystem, or
- Become part of Digital Ecosystem(s) that meets your needs and interests.
There are four primary types of ecosystems: (1) Hornet's Nest, (2) Lion's Pride, (3) Shark Tank, and (4) Wolf Pack. For more details: "The new age of ecosystems."
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