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The Intention Economy: When Customers Take Charge Hardcover – May 1, 2012

4.3 4.3 out of 5 stars 52 ratings

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Caveat venditor—let the seller beware

While marketers look for more ways to get personal with customers, including new tricks with “big data,” customers are about to get personal in their own ways, with their own tools. Soon consumers will be able to:

• Control the flow and use of personal data
• Build their own loyalty programs
• Dictate their own terms of service
• Tell whole markets what they want, how they want it, where and when they should be able to get it, and how much it should cost

And they will do all of this outside of any one vendor’s silo.

This new landscape we’re entering is what Doc Searls calls
The Intention Economy—one in which demand will drive supply far more directly, efficiently, and compellingly than ever before. In this book he describes an economy driven by consumer intent, where vendors must respond to the actual intentions of customers instead of vying for the attention of many.

New customer tools will provide the engine, with VRM (Vendor Relationship Management) providing the consumer counterpart to vendors’ CRM (Customer Relationship Management) systems. For example, imagine being able to change your address once for every company you deal with, or combining services from multiple companies in real time, in your own ways—all while keeping an auditable accounting of every one of your interactions in the marketplace. These tantalizing possibilities and many others are introduced in this book.

As customers become more independent and powerful, and the Intention Economy emerges, only vendors and organizations that are ready for the change will survive, and thrive. Where do you stand?

The Amazon Book Review
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Book recommendations, author interviews, editors' picks, and more. Read it now

Editorial Reviews

Review

Named a Best Business Book for 2012 in strategy+business magazine

“a must-read book…” —
TechCrunch

“Doc Searls has written a very thoughtful book on the intention economy and the promises it holds for both vendors and customers.” —
Forbes

“Searls’s vision raises provocative questions for companies and for marketers.” —
strategy+business magazine magazine

“This is a thoughtful, well researched book with a compelling thesis and call to action for marketers.” —
Decision

“a brilliant piece on free markets and the Internet” —
Linux Journal

“Do yourself a favor. Read
The Intention Economy by @dsearls. It’s a very quick study in what VRM means for both brands and consumers.” — Business 2 Community (business2community.com)

“The fine distinction between consumer and customer is at the heart of this insightful look at how some companies, like Trader Joe's, are moving in the direction of the "intention economy," where the desires and needs of individual customers primarily determine what the vendors offer.” —
Fort Worth Star Telegram

“it’s fun, insightful reading for anyone interested in becoming “self-actualized, liberated customers.” —
SocialMedia.biz

“Finally a thoughtful, hype free book worth reading about digital marketing, the relationships we have with vendors, and a vision for a better future where we have greater control of our personal data.” —
ZDNet

ADVANCE PRAISE for
The Intention Economy:

JP Rangaswami, Chief Scientist, salesforce.com—
“‘Consumers have a right to exercise control over what personal data companies collect from them and how they use it.’ That’s the way the draft of the US Government’s planned Privacy Bill of Rights begins. If you want to understand what this really means, then Doc’s book is
the place to start. In fact, if you want to understand anything about what’s really happening with customers, this book is for you. An excellent read.”

Seth Godin, author, We Are All Weird—
“Profound, far-reaching, and one of those books people will be bragging about having read five or ten years from now.”

John Hagel, Co-Director, Center for the Edge; coauthor, The Power of Pull—
“This book provides a much-needed road map for a profound shift in global markets. Vendor Relationship Management will turn markets as we know them inside out. Searls, as the key architect of this new movement, provides a compelling view of both why and how these changes will occur. You cannot afford to ignore this book."

Esther Dyson, angel investor—
“From Doc’s mouth to vendors’ ears! Doc Searls describes the economy the way it should be, with vendors paying attention to individuals’ wants and needs. I see a few such business models emerging, and I hope Searls’s book will incite a rush of them.”

Don Peppers and Martha Rogers, Ph.D., co-authors of Extreme Trust: Honesty as a Competitive Advantage—
“Deliciously skeptical of today’s business models, Searls paints a compelling picture of the future. And if you’re a business manager,
The Intention Economy is essential reading. Think of it as an API for dealing with empowered customers. ”

Clay Shirky, author, Here Comes Everybody and Cognitive Surplus—
“No one has a better sense of the changing relationship between vendors and the rest of us than Doc Searls. In
The Intention Economy, he explains the networked economy and your place in it, whoever you are—buyer, seller, advertiser, user.”

About the Author

Doc Searls is senior editor of Linux Journal, coauthor of The Cluetrain Manifesto, and one of the world’s most widely read bloggers. In The World is Flat, Thomas L. Friedman calls him “one of the most respected technology writers in America.” Searls is a fellow at the Center for Information Technology & Society (CITS) at the University of California, Santa Barbara, and an alumnus fellow at the Berkman Center for Internet & Society at Harvard University, where he continues to run ProjectVRM.

Product details

  • ASIN ‏ : ‎ 1422158527
  • Publisher ‏ : ‎ Harvard Business Review Press; 1st edition (May 1, 2012)
  • Language ‏ : ‎ English
  • Hardcover ‏ : ‎ 320 pages
  • ISBN-10 ‏ : ‎ 9781422158524
  • ISBN-13 ‏ : ‎ 978-1422158524
  • Item Weight ‏ : ‎ 1.22 pounds
  • Dimensions ‏ : ‎ 6 x 1.2 x 9.3 inches
  • Customer Reviews:
    4.3 4.3 out of 5 stars 52 ratings

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Customer reviews

4.3 out of 5 stars
52 global ratings

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Customers find the ideas intriguing and fantastic. They also describe the writing quality as well-written, accessible, and clear.

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3 customers mention "Ideas"3 positive0 negative

Customers find the ideas in the book intriguing and fantastic. They say it provides a fantastic glimpse of the future.

"Really intriguing ideas about the future of transactional relationships. A bit all over the place though" Read more

"Really good book. Provides ideas and "ah-ha's." Thoughtful and today's economy-oriented. Worth a read." Read more

"A fantastic glimpse of the future..." Read more

3 customers mention "Writing quality"3 positive0 negative

Customers find the writing quality of the book well-written, accessible, and clear. They also say it's a fast read.

"...As a bonus, the work is extraordinarily well written at the prose level, and is not simply a blog-to-book...." Read more

"...vision of a customer-driven future in The Intention Economy, and it's a clear, fast read and the fundamental primer to understanding what the world..." Read more

"...Amazing to think that we're not even close to that vision yet. Well written, accessible - even for non-techies...." Read more

Top reviews from the United States

Reviewed in the United States on August 6, 2012
I just finished Doc Searls' latest book. This book is several things, all of them good. This is a knowledgeable look at the future of being a customer in a world where the Internet realizes its potential as an information commons (instead of a storefront). The book is simultaneously about being a consumer and a customer (not exactly the same), and about big data and little data (the data you should be in control of), and about the Internet and the economy. Doc introduces a new (5 years old or so) effort to create software services that enable customers to announce to the world their intentions, and to then receive bids from vendors who wish to sell the products and services that might be some value for those intentions. This is a reversal of rules and roles which currently lock customers into the loyalty silos that companies use to corral their wallets.
Every chapter in this book is a revelation on an important topic, from the coming collapse of the advertising bubble, to the need for customer-based contracts instead of the current lopsided boilerplate contracts of adhesion, to the Internet as a managed commons, which can support individuals owning their own data and negotiating with an open market for what they need: based on their own intentions, rather than from some expensive (in money and effort) algorithm devised to mine their data and ferret these out. Who knows their intentions better than the customer?
The new economy, based on fourth-party brokers that act on behalf of the customer --not the vendor--will be open (newcomers welcome, no silos allowed), efficient (no more guessing intentions, transactions are knowledge-full), effective (allowing vendors to work together), and it will bring the Internet closer to its potential as a free exchange of knowledge that can also support innumerable transactions and contracts. In the end, this is also a story of a work in progress, as Doc and others have already started to build software services to explore this new economy. This is an important work, that announces what could, and I would argue, should be a new direction for an Internet enabled economy.
As a bonus, the work is extraordinarily well written at the prose level, and is not simply a blog-to-book. Each chapter adds substantially to the overall argument. I cannot recommend this book too highly. I am encouraging friends and strangers alike to give it a read.
I would also submit that there are corollaries to the commercial vendor/customer relationship that Doc's logic and services would help improve. How much better would civil society be if the intentions and the capabilities of citizens, and the problems they face, were announced in this fashion to their local governments? How much more effective would continuing education be if the student could announce the skills they require to the world and have multiple offers for training? The Internet as a managed commons (Doc does a great job of advancing Lewis Hyde's work on the commons) extends to many facets of our social interactions, not just those that involve transactions for money. Doc does talk about micro-transactions, but there are also new efforts to enable a sharing economy that would benefit greatly from these services.
2 people found this helpful
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Reviewed in the United States on February 17, 2013
Dock Searls is one of the legends of the tech writing world (mostly known as Senior Editor of Linux Journal).

He starts with a view of the future and how we will use our automated bots to find information and do things for us. And how they will learn what we like and how we like things done - just like a real personal assistant.

He emphasizes that in the past, companies controlled the market but with the internet - it is the consumers who do. For example, even the posting of this review gives me a power that was once reserved for accredited reviewers who were published in a paper or magazine. Power to the people.

Of course he talks lots about the openness and freedom on the internet. (sort of goes with Linux).

I liked the final chapter best - what to do about it. Rather than approach the changes as a problem, he points out a myriad of opportunities this opens up like specific verticals, healthcare, etc. He has a succinct checklist of things to do (like "put a leash on legal")

He certainly knows how to write. His earlier book - Cluetrain Manifesto is somewhat of a classic. Good book.
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Reviewed in the United States on June 8, 2012
This is a cracking read. Doc Searls' thesis - that customers will increasingly take charge of their end of the e-commerce relationship with profound effects - has a visceral appeal, and the same sense of inevitability that now seems obvious in hindsight with The Cluetrain Manifesto. It's built on his profound and well-researched understanding of technology, particularly the Internet and open source software, of advertising and marketing. But he wears this learning lightly, he avoids jargon and puts his message across in a folksy and humourous style. With the skill set he has it's some sort of miracle that instead of being blockedbooked years in advance earning vast consultancy fees from corporate boardrooms he's instead out there speaking for each and every one of us. We've yet to find out just how this world he describes will come about. But his book describes plenty of straws in the wind, and it seems inevitable - to this reader at least - that his vision will be realised, with vast implications and consequences for businesses of all sorts, for public services and the dignity of individuals.
3 people found this helpful
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Reviewed in the United States on March 29, 2013
I highly recommend pages 162 through the end, where the author lays out his proposals of what technology could enable an intention economy. People familiar with sensing, personalization, and privacy issues can safely skip the first 161 pages, which feel heavily padded. I recommend the author tighten up the first half of the book in a second edition - I almost gave up during the first half of the book, but I'm glad I stuck it out to the end.
6 people found this helpful
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Reviewed in the United States on April 24, 2012
A must read book for anyone who is concerned about the arrogance of social media and its expropriation and sale of our personal information. Doc Searl's exhortations that the customer can and should be empowered, if heeded, will transform the internet into a vehicle for liberation and make it truly consumer centric. Hopefully, thinkers like Doc, will allow us to realize our personal and collective power and rights as consumers and true relationship to the web. His novel concept that, in the new economy, our personal data is currency that we own and control should strike fear into both Google and Facebook. Doc's arguments are compelling. By asserting our rights as customers, we can create vendor relationship that serve our interests rather than exploit and manipulate us for marketing purposes. The alternative is impoverishment and a disconcertingly bleak future. We cannot afford to ignore his message.

Dr. Milo Pulde
Assistant Professor of Medicine
Harvard Medical School
8 people found this helpful
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Top reviews from other countries

deo
5.0 out of 5 stars Deep Thinking - taken in doses
Reviewed in Canada on January 7, 2017
I found this book to be for times when I am doing deep thinking. I couldn't read it when distracted. The ideas in here are still forming into reality in early 2017 but Searls has set up an interesting framework.
CustomerKing
5.0 out of 5 stars What's next after the "social" effect
Reviewed in Italy on April 12, 2013
Excellent book describing the evolution of business after the "social" effect. we will return in a more personal dimension which will match with social aspects of communication and business respecting our privacy as individuals.
Randall Stevens
5.0 out of 5 stars Awesome !
Reviewed in the United Kingdom on January 5, 2013
If you believe that the future can be genuinely different from where are today - this is a must read
Amazon Customer
3.0 out of 5 stars For work
Reviewed in Japan on March 12, 2013
Bought this book for work because I am involved in our IT pet project. It makes an interesting read.
AE
4.0 out of 5 stars Four Stars
Reviewed in the United Kingdom on July 19, 2015
Very interesting reading about nxt generation economy.