Value Fabric: A Guide to Doing Business in the Digital World

The Value Fabric: A Guide to Doing Business in the Digital World describes how business should be conducted in the digital world using a new concept called the value fabric. A value fabric is a mesh of interwoven, cooperating organizations and individuals, called parties, who directly or indirectly deliver value to customers. The book address the following questions: -How are multi-party, multi-industry business models represented in today's digital world? -How is a vibrant fabric composed of these parties (participants) developed? -What are the keys to successful participation in the fabric? -How should participants communicate with one another? -Does the use of industry standards enable successful cooperation among participants? -Where can standards be found? -What are the similarities and difference between the value fabric and value chain / value network? And also of importance is why we should care about all this: -The digital world requires a standard way to simply describe and visualize the way business is conducted, and the value fabric provides that. -The digital world demands agility, and the value fabric enabled by industry standards provides a way for businesses to become and remain agile.