The rules of the business world have changed - and nobody has full grasp of the new reality. This book is an important step leading the business leaders towards the new normal. From use of technology to outsourcing to innovation - the breadth and depth of thinking is seminal and intense. The best part about this book is the actionable nature of the content. Tony Fedorowicz - Global Supply Chain Strategist
Once every few years a business book comes along that stands far above the clutter, that has more than one single idea, that is based on solid research, that related theory and models to the real time business, and that is still ahead of the curve. This is one of those rare books. I will buy hundreds of copies and give them to my suppliers, customers and other business network partners. I think it is well worth the expense to orchestrate a business network when everyone is singing from the same song sheet. Tinku Grewal - Chief Executive Officer, Biotech Trading Pty Ltd
If you buy only one business book this decade, make sure this is the one. Your entire way of looking at business world will change for good. You will discover hidden treasures in business networks you did not even know existed. Keep it on your bookshelf, give it to your key employees and friends, and make sure your enemies do not get hold of this book. Cooma Chelliah - Chief Executive Officer, Jardine Thompson and Ex Chief Executive Officer - Encyclopedia Britannica Australia
In the high volatility environment, if you are running a portfolio of supply chain purchase worth hundreds of millions of dollars a year, there is no other way to mitigate the enormous risk than by managing the business network extremely carefully. This book expounds and builds on some of the techniques I have utilized for risk management. There is no doubt business networks are powerful beyond belief and useful beyond comparison. Hugh Robertson, Ex Director - Commodities and Risk, Weston Milling
The speed of innovation is multiplied many times over. Use of 5-STAR Business Networks help to multiply this speed of innovation and if your company is not using these 5-STAR Business Networks for Innovation then it is likely very soon your company will fall behind your competitors. That is how the chemicals companies are changing their business models from sellers of commodity chemicals to solution sellers, and most other industries are creating new business models today.
Dr Hanns Zeltinger
Former CIO DaimlerChrysler,
Financial Services Asia Singapore
From the Author
If you are as deeply passionate about the world of business and supply chain networks as I am, and enjoy exploring similar questions, and coming up with answers that will help immensely in using this wisdom to build your business, then join me. This book is a journey of exploration through the world of business networks that run the commercial world today.
When General Motors filed for Chapter XI protection in 2008, it also marked the closing of a chapter in modern commerce. General Motors was seen as the paragon of modern American management theory as popularized by Peter Drucker in the middle of the 20th century. It was at this venerable company that Drucker formed his early thoughts about management as a profession, separation of the ownership from management of enterprise, the key functions of management, division of labour, theory of leadership of enterprise, indeed the very concept of the corporation. His writings filled the needs of the time, and were picked up by Ivy League business schools and corporations alike to form the basic foundation of management profession.
Indeed there was a time when General Motors and US commerce were thought of as interchangeable entities with the popular aphorism that "what is good for GM is good for America and vice versa." Some people still think this is the case. They see the decline of General Motors as symptomatic of a wider malaise in the US economy. Others think that General Motors will rise like a phoenix to become an industrial powerhouse.
While we do not know what will eventually happen to General Motors, we know that new models of commerce, new industries, new technologies and new ways of solving old problems will be required to build a stronger economy at a global level. All of these will not necessarily come out of one country, one continent or even one region.
It is not a surprise that the established minds find it difficult to think outside the box. Since the times of Aristotle, Socrates and perhaps even before that, new ideas must come from new places - from outside the established order of thinking. No wonder then that the most innovative companies in the US still choose to locate on the West Coast. Many of the most successful corporations were formed by college drop outs and the most successful business models do not even have names yet.
In this book, we will not only name some of these models, but we also will study them closely and understand these new methods.