Due to profound changes in the global business environment, information technology and management thinking and experience, a fundamental change is occurring in how companies compete. A new approach to business is required. It is a new model of the firm, or the Enterprise 2.0.
Collaboration is the new foundation of competitiveness. Networking enable collaboration, but collaboration demands something relatively new in business- openness.
Information technology never conferred competitive advantage other than the changes to information and business enabled it. It is becoming more important than ever in enabling better information and powerful new business processes, designs and strategies. All the evidence points to the startling fact that we are at an inflection point in economic history, as the corporation- the institution of wealth creation in all societies- is changing fundamentally.