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People are connecting with each other in powerful new ways through networks. They are sharing knowledge and ideas dynamically. As a result, markets are becoming smarter and more informed as consumers consult each other instead of just vendors. There are no secrets in networked markets as everything is shared, including both good and bad experiences about products. Similar changes are happening among employees as well, with companies becoming less important due to open communication networks.
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- 2. “ In both internetworked markets and among intranetworked employees, people are speaking to each other in a powerful new way..” New means of connection. People are bridged.
- 3. “ These networked conversations are enabling powerful new forms of social organization and knowledge exchange to emerge.” Dynamic way of communicating. share a lot of ideas exchange ideas with other persons.
- 4. “ As a result, markets are getting smarter, more informed, more organized. Participation in a networked market changes people fundamentally.” people are connected to each other. Consumers consult their fellow consumers. a lot of information on the internet
- 5. “ People in networked markets have figured out that they get far better information and support from one another than from vendors. So much for corporate rhetoric about adding value to commoditized products...” information are based from real experiences hide the flaws.
- 6. “ There are no secrets. The networked market knows more than companies do about their own products. And whether the news is good or bad, they tell everyone.” everything is shared they share their experience to other people.
- 7. “ What's happening to markets is also happening among employees. A metaphysical construct called "The Company" is the only thing standing between the two.” Markets = employees Markets are free
- 8. “ Corporations do not speak in the same voice as these new networked conversations. To their intended online audiences, companies sound hollow, flat, literally inhuman.” Companies are not human. (literally) They sound like business and not human.