new economy

embrace the swarm

as power flows away from the center, the competitive advantage belongs to those who learn how to embrace decentralized points of control

increasing returns

as the number of connections between people and things add up, the consequences of those connections multiply out even faster, so that initial successes aren’t self-limiting, but self-feeding

plentitude, not scarcity

as manufacturing techniques perfect the art of making copies plentiful, value is carried by abundance, rather than scarcity, inverting traditional business propositions

follow the free

as resource scarcity gives way to abundance, generosity begets wealth. following the free rehearses the inevitable fall of prices, and takes advantage of the only true scarcity: human attention

feed the web first

as networks entangle all commerce, a firm’s primary focus shifts from maximizing the firm’s value to maximizing the network’s value. unless the net survives, the firm perishes

let go at the top

as innovation accelerates, abandoning the highly successful in order to escape from its eventual obsolescence be- comes the most difficult and yet most essential task

from places to spaces

as physical proximity (place) is replaced by multiple interactions with anything, anytime, anywhere (space), the opportunities for intermediaries, middlemen, and mid-size niches expand greatly

no harmony, all flux

as turbulence and instability become the norm in business, the most effective survival stance is a constant but highly selective disruption that we call innovation

relationship tech

as the soft trumps the hard, the most powerful technologies are those that enhance, amplify, extend, augment, distill, recall, expand, and develop soft relationships of all types

opportunities before efficiencies

as fortunes are made by training machines to be ever more efficient, there is yet far greater wealth to be had by unleashing the inefficient discovery and creation of new opportunities