We’re going to see a widespread disintegration of U.S. business and the emergence of very different corporate entities.
Predictor: Hagel III, John
Prediction, in context:In a 1993 article for Fortune magazine, Thomas Stewart writes about the networked future, quoting John Hagel III of McKinsey & Co. Stewart writes: ”As online trade booms, the effect on business will be profound. Electronic commerce dramatically lowers transaction costs, an enormous expense … The high cost of dealing across company boundaries has been a powerful spur to vertical integration. As transaction costs fall, says John Hagel III, a partner at McKinsey & Co., ‘we’re going to see a widespread disintegration of U.S. business and the emergence of very different corporate entities.'”
Date of prediction: January 1, 1993
Topic of prediction: Economic structures
Subtopic: E-commerce
Name of publication: Fortune
Title, headline, chapter name: Boom Time on the New Frontier
Quote Type: Direct quote
Page number or URL of document at time of study:
http://proquest.umi.com/pqdweb?Did=000000000469126&Fmt=3&Deli=1&Mtd=1&Idx=3&Sid=1&RQT=309
This data was logged into the Elon/Pew Predictions Database by: Garrison, Betty