About
the Authors: John Hagel III is a principal in McKinsey
& Company, Inc.'s Silicon Valley office and a leader of the
firm's Interactive Multimedia Practice. He is the coauthor
of the bestselling book Net Gain: Expanding Markets through
Virtual Communities. Marc Singer is a principal in McKinsey's
San Francisco office, where he coleads the firm's Continuous
Relationship Marketing Practice.
Some
reviews from Amazon.com:
Amazon.com:
No one ever said consumerism was easy. At one end, the poor
consumer faces a bewildering array of goods and services.
On the other, vendors contend with a diverse and fragmented
marketplace that makes finding the right set of customers
akin to finding the proverbial needle in the haystack. And
in between are the billions misspent on muffed purchases and
broken marketing campaigns that serve only to stuff mailboxes
and alienate the very customers that vendors are trying to
attract. The rise of e-commerce has only intensified the problem
by offering consumers even greater choice and vendors more
competition. John Hagel and Marc Singer think they've got
a better idea, and in Net Worth, they present an online scenario
that would end this chaos and give both customers and vendors
what they really want. At the heart of Hagel and Singer's
solution is the "infomediary" that sits between the customer
and vendor. For the consumer, the infomediary acts as a trustworthy
agent who knows the needs and habits of the client. For the
vendor, the infomediary is the holy grail of consumer behavior,
a marketer's dream. The infomediary brokers client information
to vendors in exchange for goods and services for the consumer.
The
result? Happy consumers, satisfied marketers, and a very lucrative
business model that awaits those entrepreneurs and companies
that are bold enough to embrace the idea. The authors painstakingly
outline the challenges and opportunities of developing an
infomediary business and go as far as to peg the potential
market cap of a dominant player at $20 billion by its fifth
year of operation. While the idea of software agents is nothing
new, Hagel and Singer may be breathing new life into the idea
at just the right time. And even if infomediaries never arise,
following the thinking of Hagel and Singer is well worth the
price of admission. For marketers, managers, entrepreneurs,
and just about anyone who thinks about e-commerce. Highly
recommended. --Harry C. Edwards
Wall
Street Journal, December 7, 1998 "Anybody running a traditional
business who feels threatened by the onset of electronic commerce
should feel more threatened after reading John Hagel III's
new book. Unless they feel inspired to make its message work
for themselves."
Publishers
Weekly, February 8, 1999 "Looking at the future of e-commerce,
Hagel and Singer... add a provocative twist to the conventional
view that those companies with the best information about
their customers will be the most successful.... Well-written
and full of scenarios of how these infomediaries will develop,
this book will interest marketers who are eager to explore
the electronic frontiers of the economy."
Business
2.0, March 1999 "To get a handle on the next potential
revolution--starring an empowered consumer and diminished
brand importance--executives at companies big and small will
be speed-reading this one."
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