Information Technology, Corporate Productivity, And The New Economy

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Overview

The authors bring a dual perspective—that of a practicing consultant and that of a professor of economics—to the complex strategic questions facing managers and corporate leaders who want their firms to get the most out of their investments in information technology. The information economy is built upon the myriad and sometimes unforeseen ways in which information technologies have become engines of productivity in themselves, rather than just fancy adjuncts. In explaining the rise of the information economy, ...

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Overview

The authors bring a dual perspective—that of a practicing consultant and that of a professor of economics—to the complex strategic questions facing managers and corporate leaders who want their firms to get the most out of their investments in information technology. The information economy is built upon the myriad and sometimes unforeseen ways in which information technologies have become engines of productivity in themselves, rather than just fancy adjuncts. In explaining the rise of the information economy, the authors provide not only valuable context often missing from today's discussions but also a thorough understanding of the origination, development, and diffusion process of innovations. They also examine prevailing practices and implications for the future, including the potential pitfalls common to some information technology strategies.

Relying on an underpinning of economic theory combined with heavy empirical analysis, Kudyba and Diwan describe the true nature of the information economy, paying as much attention to its particularities as to its more profound implications. How is information technology being implemented across industry sectors, and how can it be harnessed to improve overall firm-level productivity? How have innovations in high technology impacted e-commerce? Which e-commerce strategies prevail, and what can be expected of them? How can traditional economic theory help managers evaluate such in-vogue strategies as customer relationship management, market exchanges, and supply chain management? The authors answer these questions and more, including one of the most vexing in the short history of e-commerce: What led to the demise of so many technology stocks and dot-coms following the spring 2000 Nasdaq plunge, and what are the longer-term prospects for e-business?

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Editorial Reviews

Booknews
Using empirical analysis and microeconomic theory, Kudyba (a consultant) and Diwan (economics, Rensselaer Polytechnic Institute, New York) analyze the world of IT. The basic components of information technology, the evolution of its industry, theory of productivity, measurement using factor inputs from the production process, and techniques for measuring how investment in IT has affected corporate productivity are described in early chapters. Business strategy and microeconomic theory are then described, with empirical analysis provided of profitability across the industry, and a look at business initiatives in terms of established economic theory. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

  • ISBN-13: 9781567204209
  • Publisher: ABC-CLIO, Incorporated
  • Publication date: 3/30/2002
  • Pages: 252
  • Product dimensions: 6.00 (w) x 9.00 (h) x 0.69 (d)

Meet the Author

STEPHAN KUDYBA is a consultant to organizations across industry sectors and around the world. He develops productivity-enhancing strategies for his clients using software applications. He is the co-author of Data Mining and Business Intelligence: A Guide to Productivity (2001).

ROMESH DIWAN is Professor of Economics at Rensselaer Polytechnic Institute. He is the author or co-author of several books, among them High Technology and International Competitiveness (Praeger, 1991).

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Table of Contents

Foreword
Acknowledgments
Introduction
Pt. I Laying the Groundwork
1 An Introduction to the Information Economy 3
2 A Closer Look at Information Technology and the Information Age 15
3 Productivity and Production Theory 31
4 Empirical Studies on Productivity and Information Technology Investment at the Firm Level 47
5 Theoretical Background of and Empirical Work Regarding Information Technology and Corporate Profits 67
Pt. II A More Detailed Look at Information Technology Factors That Promote Firm Efficiency
6 A Detailed Look at Information Technology and U.S. Industry 85
7 Software Applications That Enhance Knowledge 105
8 Economic Principles and Information Technology: A Focus on Market Exchanges and the CRM Principle 115
9 The Information Bubble 131
10 Micro Productivity and Macro Implications 145
App. A Empirical Results for Translog Analysis of Firm-Level Production Functions 161
App. B Empirical Results for Translog Analysis of IT Intensity Industry Sectors 165
Numbers for Empirical Work 167
Glossary of Information Technology Terms 201
Selected Bibliography 225
Index 231
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Sort by: Showing 1 Customer Reviews
  • Anonymous

    Posted March 13, 2008

    Informative

    I felt that the book was very useful in disseminating the current issues with respect to how the economy is changing and how corporate productivity ties in. The book has gone to great lengths to provide in-depth coverage of how IT investments impact a both a firms profitability and its productivity. The book attempts to offer solutions as to why productivity has stayed flat as investment in IT has skyrocketed. I feel as though the author has gone to great lengths to explain the productivity paradox phenomenon. On the downside, I also felt that the book was slightly on the boring side with all of its endless tables and appendixes.

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