http://www.thevirtualcircle.com/2007/11/falling-transaction-costs-the-force-of-disruption/ WordPress site Wed, 16 Nov 2011 20:21:06 +0000 hourly 1 http://www.thevirtualcircle.com/2007/11/falling-transaction-costs-the-force-of-disruption/comment-page-1/#comment-2336 robinbloor Wed, 02 Mar 2011 22:06:54 +0000 http://havemacwillblog.com/2007/11/15/falling-transaction-costs-the-force-of-disruption/#comment-2336 Of course that's the million (or possibly billion) dollar question. Clearly there is only so much that can be done. The judicious adoption of standards (whether from standard bodies or from market-leading vendors) is clearly something that can help. The adoption of architectural standards across the enterprise will also help. Ultimately you have to adopt a modular architecture to have any chance at all. Then at least you can contain proprietary lock-in to some degree. Making commodity purchasing decisions can help too. Thinking in 6 year times frames architecturally, also helps. Plan for the reality that architectural imperatives will change every 6 years. Actually I could write a whole posting and more on this, so I probably will, in time. Of course that’s the million (or possibly billion) dollar question. Clearly there is only so much that can be done. The judicious adoption of standards (whether from standard bodies or from market-leading vendors) is clearly something that can help. The adoption of architectural standards across the enterprise will also help. Ultimately you have to adopt a modular architecture to have any chance at all. Then at least you can contain proprietary lock-in to some degree.
Making commodity purchasing decisions can help too. Thinking in 6 year times frames architecturally, also helps. Plan for the reality that architectural imperatives will change every 6 years. Actually I could write a whole posting and more on this, so I probably will, in time.

]]> http://www.thevirtualcircle.com/2007/11/falling-transaction-costs-the-force-of-disruption/comment-page-1/#comment-2335 Peggy Bocks Wed, 02 Mar 2011 14:31:24 +0000 http://havemacwillblog.com/2007/11/15/falling-transaction-costs-the-force-of-disruption/#comment-2335 I think these insights are great and right on 'but' new business models should not = rip & replace of current IT so how do you build on 30 years of complexity to implment new business models (Amazon) in old companies (General Motors)? I think these insights are great and right on ‘but’ new business models should not = rip & replace of current IT so how do you build on 30 years of complexity to implment new business models (Amazon) in old companies (General Motors)?

]]> http://www.thevirtualcircle.com/2007/11/falling-transaction-costs-the-force-of-disruption/comment-page-1/#comment-36 Metcalfe’s Law and its Impact | TheVirtualCircle Sun, 12 Oct 2008 18:03:15 +0000 http://havemacwillblog.com/2007/11/15/falling-transaction-costs-the-force-of-disruption/#comment-36 [...] the Internet made on-line auctions possible, we should not forget the fact that the low transaction cost was also a factor in this. If the cost had been high the “network magic” would still have [...] [...] the Internet made on-line auctions possible, we should not forget the fact that the low transaction cost was also a factor in this. If the cost had been high the “network magic” would still have [...]

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