Hal Varian, Google's Chief Economist, On How The Web Challenges Managers

Google’s chief economist says executives in wired organizations need a sharper understanding of how technology empowers innovation.

“What is it that’s really scarce in the Internet economy?” And the answer is attention. [Psychologist] Herb Simon recognized this many years ago. He said, “A wealth of information creates a poverty of attention.”

Interview transcript and video published in the McKinsey Quarterly

http://www.mckinseyquarterly.com/Strategy/Innovation/Hal_Varian_on_how_the_Web_challenges_managers_2286