Traditional business models emphasized massive size or focused specialization.
The new business models use technology and global reach to create a smaller, efficient footprint.
Users now have access to events like Google I/O and to utilities that easily complete complex tasks.
Elements of the new business models:
- Businesses are smaller – we don't need the throw weight of the past
- Resources are not limited to local or regional access
- Business structure changing from hierarchy to network
- New projects now spend less time counting and more time building – collaborative resources reduce or eliminate the hire/train cycle
- Architecture and security instead of command and control process.
- Outsourced functions – e.g., delivery and warehousing – eliminate using internal resources for these functions
- Not classroom training – open access groups share knowledge via forums, events, and blogs
- Changes are more agile – in process and software – updates are launched as needed, instead of the next revision
- Nanoscale changed the proof of concept phase of development – faster, cheaper
Keep the scope of projects to what can be done now and what is affordable now – add additional features and enhancements when you have customers and cash flow.
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