To survive and thrive in the new economy, companies must make the transition to e-business, which alters the very core of how companies manage growth and plan the future.
Businesses are really just a collection of processes.
The problem is that traditional accounting systems do not capture costs in that way. We need to be able to connect our costs to our processes if we are really to be in a position to improve. Raw data exists in most organizations to inform more sophisticated decision making, and bold new techniques have arisen in the science of organizational management. What's been missing is the enabling technology, and that's where the internet comes into play. Companies that harness its power will emerge as leaders in this new, sophisticated business environment.