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Letter From the Editor French Caldwell - 7 January 2002
Wow what a year 2001 was for demonstrating the costs of ignorance! First, the dot-com failures. Dot-com seemed like a good idea at the time, but you can't claim to have lots of brainpower and other people's money, but no products, can you and expect to make money? And then there's Enron what's up with that? Even the CEO claims he didn't understand the inner workings of the processes at Enron. So what have we learned? - Without a way to calculate the value of intangibles and the discipline to convert those intangibles to real value, intangibles are worth less than nothing.
- Lack of transparency to investors and business partners, and an overdependence on decisions of executive management to steer enterprises, will lead to failure in an information-based economy.
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