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The Daily InquirerOctober 8 Book Review of Anne Narazaki’s New Century, New BusinessReviewed by John GilliamAnne Narazaki’s recent book, New Century, New Business, seeks to examine the new technologies that are critical for global business and how they affect today’s corporate transactions. Ms. Narazaki argues that while economic transactions of one kind or another have taken place for thousands of years, the impact of changing technology on business has become obvious only recently. In fact, as new technologies have grown more prevalent, Ms. Narazaki observes, international businesses have increased in size and number. At the same time, the time required to conduct each business transaction has decreased.Mr. Narazaki illustrates her observations with detailed examples of recent business transactions. Citing the merger of Poynter Technologies and Carce Company, which created the largest financial services company in the world, Ms. Narazaki explains the effect technology has on the valuation of a company, on communication between the managements of different companies, and on stock and funds trading.Those of us who take an interest in the interaction between business and technology will find Ms. Narazaki’s ideas persuasive. The view that business cannot survive without keeping up with new technology has become today’s corporate reality. To: Anne Narazaki a_narazaki@ Date: October 13From: Lily Oguro loguro@Dear Anne,I know we haven’t spoken since our days working together at the Rosence Company in Sydney, but I’m writing to congratulate you on the publication of your first book! I happened to read the Daily Inquirer on October 8 and was pleased and surprised to come across John Gilliam’s article. You must be thrilled at getting such a great review.It seems like ages ago we worked together in Sydney. Do you remember our office? No computers, no internet, and three phones for twenty employees. Times and businesses certainly have changed. Judging by what I
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