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The classic book on business strategy in the new networked economy— from the author of the New York Times bestseller The Inevitable
Forget supply and demand. Forget computers. The old rules are broken. Today, communication, not computation, drives change. We are rushing into a world where connectivity is everything, and where old business know-how means nothing. In this new economic order, success flows primarily from understanding networks, and networks have their own rules. In New Rules for the New Economy, Kelly presents ten fundamental principles of the connected economy that invert the traditional wisdom of the industrial world. Succinct and memorable, New Rules explains why these powerful laws are already hardwired into the new economy, and how they play out in all kinds of business—both low and high tech— all over the world. More than an overview of new economic principles, it prescribes clear and specific strategies for success in the network economy. For any worker, CEO, or middle manager, New Rules is the survival kit for the new economy.
- Sales Rank: #851683 in Books
- Color: Blue
- Published on: 1999-10-01
- Released on: 1999-10-01
- Original language: English
- Number of items: 1
- Dimensions: 7.70" h x .50" w x 5.10" l, .38 pounds
- Binding: Paperback
- 192 pages
Amazon.com Review
There's hype and then there's the Internet. The widespread emergence of the World Wide Web and the idea of a network economy have set new records for excess in overheated marketing campaigns, breathless newspaper and magazine articles, and topsy-turvy financial markets. From his perch as founding editor of Wired magazine, Kevin Kelly has long been one of the new economy's chief hypesters. In New Rules for the New Economy, Kelly tries to encapsulate the characteristics of this emerging economic order by laying out 10 rules for how the wired world operates. The result is a dizzying, sometimes confusing, but always thought-provoking look at the behavior of networks and their effect on our economic lives. At the root of this network revolution is communication. As Kelly writes: Communication is the foundation of society, of our culture, of our humanity, of our own individual identity, and of all economic systems. This is why networks are such a big deal. Communication is so close to culture and society itself that the effects of technologizing it are beyond the scale of a mere industrial-sector cycle. Communication, and its ally computers, is a special case in economic history. Not because it happens to be the fashionable leading business sector of our day, but because its cultural, technological, and conceptual impacts reverberate at the root of our lives. Kelly's genius lies in synthesizing large amounts of information in unique and interesting ways. His ability to turn a phrase is reflected in the names he gives to his 10 rules, and it makes this book a pleasure to read. Some, for example, are: "Embrace the Swarm: The Power of Decentralization" (Rule 1); "No Harmony, All Flux: Seeking Sustainable Disequilibrium" (Rule 8); and "Let Go at the Top: After Success, Devolution" (Rule 6). A few of his ideas have a kind of Teflon quality that makes them elusive and difficult to evaluate. But that's OK. Like other prognosticators of the future--Alvin Toffler and John Naisbitt come to mind--Kelly's job is to imagine a new world. Far from hype, New Rules for the New Economy is required reading for anyone pondering business in the not-too-distant future. --Harry C. Edwards
From Publishers Weekly
The "new economy," posits Wired executive editor Kelly in his smart but confusing book, "has three distinguishing characteristics: It is global. It favors intangible thingsAideas, information, and relationships. And it is intensely interlinked." Kelly uses this system of fluid networks to replace traditional linear models of business interrelationships. In one "rule," Kelly unexpectedly suggests that a company's goods become more valuable as their price moves closer "to free"; in another he urges companies to abandon the pursuit of proven successes. If these claims at first appear dubious, closer examination shows that they're not without credibility. In a network economy, he argues, selling technologies cheaply increases supply and spurs demand for valuable services that use these technologies. Relying on proven successes, Kelly says, discourages companies from developing new technologiesAthe linchpin of a rapidly changing network economy. Unfortunately, Kelly builds his case in a haphazard, often overheated way, complete with empty jargon like "re-intermediation." Even when offering the more concrete observation that a network economy means that customersAnot vendorsAoften drive transactions, Kelly can't resist straying into a discussion of privacy on the Net. Perhaps the author intended his jumble to serve as a metaphor for the often overwhelming interconnectivity he describes, but readers will have a hard time working through the muddle and hype. B&w illustrations throughout. Author tour. (Oct.) FYI: Cornell/ILR's book of the same title on the changing demcgraphics of the American workforce was reviewed in the August 10 issue.
Copyright 1998 Reed Business Information, Inc.
From Library Journal
The executive editor for Wired proposes ten new rules for getting by in business these days, e.g., "Embrace the Swarm: The Power of Decentralization."
Copyright 1998 Reed Business Information, Inc.
Most helpful customer reviews
69 of 76 people found the following review helpful.
Not for experts, nor for the naively uncritical
By A Customer
I just finished Kevin Kelly's book, New Rules for the New Economy; it is provocative--"trenchant," as it says on the book jacket. I should preface my next remarks by saying that I'm glad I read the book and will recommend it to certain of you. Some of what Kelly says is compellingly true, and of that part, some of it was relatively new when the book was first written. At the same time,...
I guess it is hard to show what you know in relatively few pages. As a writer, Kelly is clearly his own worst enemy. He uses cryptic graphics that sometimes convey a lot, sometimes convey nearly nothing. He writes oddly--his language is often imprecise, and since he is sort of terse, that occasional vagueness is pretty deadly. Often, too, he reduces what he has to say to sound bites. I'm wary of people who do that. They might be smart, they might be covering up dumb. They oversimplify, and usually end up sounding partly goofy. In this case, some of what Kelly says is sufficiently goofy that I don't know whether he is unaware of what has been written, doesn't understand what he has read, or doesn't believe what he has read.
If you know what you are talking about, you are likely to be interesting. I think Kelly might be an interesting guy. He's no academic, but he's an educational omnivore. He shows evidence of having read some serious work in technological forecasting--but evidence, too, of not having read deeply on the subject. For example, he appears to be unaware of much of econometric and psychometric--that is, measurement--literature, and some of his statements make it appear that he is unaware of fairly well-known literature pertaining to diffusion and substitution in high-technology markets. At the same time, he appears to be intellectually and professionally very much in the center of the transformation of our economy from industrial to informational.
I thought the book was thought-provoking. I recommend it primarily for the relative newcomer to information-economy writings, with the caveat that readers will have to identify for themselves facts, opinions, conjectures, overstatements, baloney, and a few really good ideas.
18 of 19 people found the following review helpful.
A guide to the networked, information-fueled economy.
By Charles Boyd (cwpmb@yahoo.com)
Why do alliances among firms kindle increased innovation? Why does the law of diminishing returns not work the way it used to? Why are so many firms giving away their products? Why should some firms abandon their most successful product at its zenith? Why is the value chain becoming less important than the value web? What is the value web?
These are but a few intriguing questions that New Rules answers for business strategists. This tightly written tome offers a lucid explanation of the radical changes in the economy wrought by connected, networked communication systems. Kelly explains how and why the economic rules of the industrial age are being turned on their heads and elaborates 10 rules for the new information-based economy. He explains and offers familiar examples of each rule in action.
This is a must-read for anyone who would understand the changes taking place in post-industrial economies fueled by information technologies.
21 of 23 people found the following review helpful.
unconvincing about rights an wrongs in net economy
By A Customer
overall a very fascinating and provocative view of things to come, and understandably need not be very accurate. However I was very disappointed when it starts into the rights and wrongs of a net economy. It makes blanket statements like: "In the new order, innovation is more important than price" and "monovation ... is intolerable" This to me reflects only one view as commonly seen in silicon valley esp with regards to microsoft, and the author merely parrots these views as facts...
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