Post by arfanho7 on Feb 22, 2024 3:31:06 GMT -5
POST A COMMENT Dear Internet You AreShane Greenstein is annoyed by “Internet exceptionalism ” the prevalent idea that the Internet defies economic logic that there’s never been anything like it in business history and that its impact supersedes everything. In his new book Greenstein argues that the Internet actually follows classic patterns of economic behavior detailing the commercial forces that guided the Internet’s path from cool invention to successful innovation.
ARTICLE BOOK EXCERPT What the Internet and Corn Have in Common Interview by Carmen Nobel During the dot com boom of the s Shane Greenstein routinely met entrepreneurs who believed that economic forces did not apply to their precious startups. As an economist this bugged the hell out of him. “I encountered two America Cell Phone Number List types ” says Greenstein the MBA Class of professor of business administration at Harvard Business School. “One was the techy engineer sort who said ‘I don’t have to know anything about business. Business will take care of itself.
The other was the business type who said ‘We don’t have to have a revenue model yet. Don’t worry about it. It will appear.’” “E MAIL AND CORN DEPLOYED MUCH IN THE SAME WAY” Greenstein dubs it “Internet exceptionalism”—this idea that the Internet is a technological innovation that defies economic logic that there’s never been anything like it in business history and that its impact supersedes everything. “It’s a pernicious myth ” he says.
ARTICLE BOOK EXCERPT What the Internet and Corn Have in Common Interview by Carmen Nobel During the dot com boom of the s Shane Greenstein routinely met entrepreneurs who believed that economic forces did not apply to their precious startups. As an economist this bugged the hell out of him. “I encountered two America Cell Phone Number List types ” says Greenstein the MBA Class of professor of business administration at Harvard Business School. “One was the techy engineer sort who said ‘I don’t have to know anything about business. Business will take care of itself.
The other was the business type who said ‘We don’t have to have a revenue model yet. Don’t worry about it. It will appear.’” “E MAIL AND CORN DEPLOYED MUCH IN THE SAME WAY” Greenstein dubs it “Internet exceptionalism”—this idea that the Internet is a technological innovation that defies economic logic that there’s never been anything like it in business history and that its impact supersedes everything. “It’s a pernicious myth ” he says.
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