Understanding the Information-Based Transformation of Strategy and Society

Journal of Management Information Systems (2017), Vol. 34, No. 2, pp. 425-456.

27 Pages Posted: 15 Aug 2017

See all articles by Eric Clemons

Eric Clemons

University of Pennsylvania - Operations & Information Management Department

Rajiv M. Dewan

University of Rochester - Simon Business School

Robert J. Kauffman

Singapore Management University; Singapore Management University - School of Information Systems

Thomas A. Weber

Ecole Polytechnique Federale de Lausanne - MTEI

Date Written: May 14, 2017

Abstract

The world economy is undergoing dramatic changes, largely driven by the new availability of fine-grained information. Innovative ways of using data—large and small—have also prompted a rethinking of the boundaries for the combination and use of knowledge. The strategic design of information flows in the economy has the upside of higher economic rents and competitive advantage, as well as the downside of wealth inequality and abuse of power. This has brought a wide range of regulatory challenges. To understand the nature of these sweeping changes, it is important to examine the new ways information is used, and how information flows can be leveraged to create competitive advantage and dampen competition. The analysis in this article examines four economic entities that produce and consume value, as well as three determinants for the modes of their operations. The economic entities include consumers, producers, markets and society, whose interactions are determined by viability, networks, and agency. In this framework, we paint a picture of the transformation of information-based strategy in the future and suggest promising research opportunities.

Keywords: Consumers, economic theory, hyperdifferentiation, information flows, information politics, information strategy, intelligent assets, markets, producers, society transformation.

JEL Classification: A10, B20, D02, D10, D20, D30, D40, D80, K20, L10, L20, L40, M15, M20

Suggested Citation

Clemons, Eric K. and Dewan, Rajiv M. and Kauffman, Robert J. and Weber, Thomas A., Understanding the Information-Based Transformation of Strategy and Society (May 14, 2017). Journal of Management Information Systems (2017), Vol. 34, No. 2, pp. 425-456.. Available at SSRN: https://ssrn.com/abstract=3018371

Eric K. Clemons

University of Pennsylvania - Operations & Information Management Department ( email )

Philadelphia, PA 19104
United States
215-898-7747 (Phone)
215-573-8757 (Fax)

HOME PAGE: http://www.wharton.upenn.edu/faculty/clemons.html

Rajiv M. Dewan

University of Rochester - Simon Business School ( email )

Carol Simon Hall 3-312
Rochester, NY 14627
United States
585-275-3827 (Phone)

Robert J. Kauffman

Singapore Management University ( email )

Li Ka Shing Library
70 Stamford Road
Singapore 178901, 178899
Singapore
65-6828-929 (Phone)

Singapore Management University - School of Information Systems ( email )

80 Stamford Road
Singapore, 178902
Singapore

Thomas A. Weber (Contact Author)

Ecole Polytechnique Federale de Lausanne - MTEI ( email )

Odyssea
Station 5
Lausanne, 1015
Switzerland
+41 (0)21 693 01 41 (Phone)
+41 (0)21 693 00 20 (Fax)

HOME PAGE: http://oes.epfl.ch

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
87
Abstract Views
547
rank
300,797
PlumX Metrics