Despite all the hype, the technology bubble of the 1990s was not driven by the Internet. It was driven by innate human forces that transcend the Internet, the 1990s, the twentieth century, and the United States. Extraordinary, incalculable opportunity frequently creates bubbles. In this situation, people are seized by frenzy and set in motion a cascade of great opportunities, bloated investments, and fundamental challenges to the most brilliant corporate chieftains. Many bubbles have been created in the past, and many more will be created in the future. In Frenzy, Carl Haacke throws open the hood and reveals what really drives the economy. He explores the human dimension behind business bubbles, using the Dot Com bubble as the central story board. He provides keen insight into the colossal mistakes of the past and guideposts for future success. Haacke provides critical lessons for today's business professionals, investors, and entrepreneurs on how to survive the frenzy that drives the accelerating waves of innovation and change.
Table of Contents
Introduction - Perceptions (Seeing is Believing) - Competitive Cascade - Follow the Money - Reality Returns - We've Been There Before - Managing the Bubble Bath Ahead
CARL HAACKE was an Economic Policy Advisor in the White House National Economic Council and Special Assistant to the Chief Economist in the Labor Department during the Clinton Administration. He is now founder of Skylight Consulting. He has consulted for clients such as Microsoft, TiVo, the New York Times, Viacom, and numerous internet companies. He has an MBA from Columbia University and a Masters Degree in Economic Policy from the School of International and Public Affairs, Columbia University.