Comments for The internet, the great business facilitator. at http://unreasonablemen.net , comment 1 to 2 out of 2 comments http://unreasonablemen.net Sat, 31 Jul 2010 11:30:44 +0100 FeedCreator 1.7.2 http://unreasonablemen.net/index.php/Blogs/The-internet-the-great-business-facilitator.html#comment-199 That's devaluation not some evil grin - Jim Donovan Sun, 09 Aug 2009 03:57:22 +0100 http://unreasonablemen.net/index.php/Blogs/The-internet-the-great-business-facilitator.html#comment-198 “Devaluation” is a strange way of describing what has happened. While in one economic meaning he may be right, ie. the unit price has come down, the value of a good or service to a customer (ie. its utility or benefits) doesn’t decrease when it is delivered via the internet. On the contrary, its value may well have increased, through greater convenience, speed, and so on. Or it may have become more affordable and accessible to new customers. Likewise for a supplier. I’ve never met someone in business who thought that increasing efficiency, effectiveness, customer utility or market reach for lower cost doesn’t enhance or at least maintain shareholder value. While unit revenue may come down, competitiveness may have been enhanced. Lean manufacturing created much greater value for customers and shareholders (or at least those whose companies who adopted it). The lean business processes made possible by the internet do the same. - Jim Donovan Thu, 06 Aug 2009 04:08:11 +0100