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ECOMMERCE: YOUR OPPORTUNITIES ARE UNLIMITED

By: Bob McElwain

Peter Drucker believes ecommerce will be to the Information
Revolution what the railroads were to the Industrial Revolution.*
To oversimplify, the Industrial Revolution was a time in which
tools were produced that replaced people in the manufacture of
goods. In the first thirty years, all was devoted to producing
known products with machines.

While there were drastic social changes with the massive
shift from rural to urban living, there was little change in the
products produced and purchased. They only became more readily
available at ever more modest cost.

Only later did the Industrial Revolution produce something
new - the railroads. For the first time in history, people could
readily move great distances inexpensively. (Hauling freight
came much later.) Railroads brought a thirty year boom in
Europe, and an even longer one in the United States. While many
other parts of the world got started somewhat later, the boom did
not end for them until the outbreak of World War I.

What Will Arise From The Information Revolution?

The parallels between the Industrial and Information
Revolutions are astonishing. Thus far computers, the Web, and
information technology have created nothing dramatically new.
They have merely changed the ways in which information is
gathered, managed and reported. And to some extent, the way in
which consumers purchase goods.

Computers themselves have changed the way in which products
are manufactured, including their design. And a few new spinoffs
have come to the fore. But there has not been anything
revolutionary in any of this. Nothing yet has had the impact of
railroads on the whole of the social fabric.

If Drucker is correct, ecommerce will have an impact
equivalent to that of the railroads earlier. Thus far the Web
has produced less change in the way business is done than ore
cars running on s....[MORE]

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