Tag Archives: Tom Peters

Life as a Project

Putting out fires and managing projects. That pretty much sums up the day-to-day life of the average company owner. Most would probably concur with management guru Tom Peters’ declaration that in business everything is a project. All of which helps explain the growing appeal of project management software. These complex systems helped put men on the moon in the 1960s and were later adapted to business challenges like building jetliners, developing new drugs, and coordinating motion picture production. Lately, with the introduction of powerful but lower-priced versions, small-to-midsize growing companies use product management software to design complicated websites, orchestrate product launches, even supervise the construction of houses. When properly utilized, the programs can enable projects to proceed more quickly, with less waste, higher productivity — and higher profits. What can they do for your company? Answering that question requires knowing a little about the discipline on which most of the programs are based. The term “project management” was first used in engineering, architectural, and construction circles during the 1950s. In the intervening years it has evolved from a descriptive term into a recognized profession with a unique set of principles and practices and a language that is indecipherable to most outsiders. If you happen to overhear a conversation in the elevator about balanced matrices, life cycle costing, or variance at completion, you can be sure there’s a project nearby. Today, many project managers carry business cards with that title and no other — a sure sign the profession has arrived. The field even has its own trade group, Project Managers Institute, with more than 100,000 members worldwide. This is important for this reason: When you embrace project management software — even many programs designed for non-professionals — you aren’t just buying another computer program. You’re entering into a new world that will require you to think and work in certain ways. Projects break down into component parts, like tasks, resources, and milestones. Relationships among components are expressed visually with strange-sounding charts like Gantts and PERTs that help you track progress. Once you become familiar with these tools you will be able to tell at a glance how one event – - say, a missed deadline – - will affect other events and, ultimately the entire project. You might observe that that Task 4 cannot begin until Task 7 has reached a certain milestone. Or that a seemingly minor missed deadline in Task 9 would likely set the whole project back a week. In addition to the above charts, many programs have components or modules that keep running track of time and resources used and will provide a running tally of how those costs compare to the projected budget at a particular stage. The key to your success as novice project manager starts with selecting the right program for the job. If your needs are basic, say, you just want to visualize a few basic tasks, you may be able to accomplish that in a program you already own. Microsoft Outlook (www.microsoft.com/office/outlook) has a few built-in project tracking functions, and several companies, including TrackerOffice (www.trackeroffice.com) and Project Kickstart (www.projectkickstart.com) sell project management add-ins for Outlook. Freestanding programs typically fall into one of three broad categories based on price and capability: Smaller projects in a single location. They may schedule by elapsed time rather than dates and may have little or no budget tracking capability. $50 or less. Examples: PlanBee (www.guysoftware.com) and MinuteMan Project (www.minuteman-systems.com). Bigger cross-functional projects. Have advanced budgeting tools and can reschedule and optimize after every change. $100 to $130 Examples: QuickGantt (www.toolsforbusiness.com), Fast Track Schedule (www.aecsoft.com) and Project Kickstart (www.projectkickstart.com). Multiple projects. In addition to advanced budgeting, they can hold individual executives accountable for portfolios containing several tasks. $300 and up. Examples: Microsoft Project (www.microsoft.com/office/project) and Primavera SureTrak (www.primavera.com). Generally speaking, higher priced programs have more features and can handle more complex projects. But price doesn’t necessarily reflect ease or difficulty of use. Users with the same level of experience often disagree on that point. Fortunately, most vendors have downloadable demo editions that you can experiment with before making a decision. If you’d rather rent your solution from a Web service, you can do that too. A big plus: Members can log in from anywhere there’s an Internet connection. Several companies including AceProject (www.aceproject.com), ProjectInsight (www.projectinsight.com), Replicon (www.replicon.com), TeamHeadquarters (www.entry.com) and XCOLLA (www.axista.com) currently provide such service. And most let you try them out for free. No software will get rid of your projects. But if you’re willing to invest a little energy up front, you can ease the burden — and maybe even have time to put out a few more fires.

Book Value: Welcome to the New Economy, Act III

Welcome to the New Economy: Act III Dot-coms have discovered that they have to make money, and the Fortune 1,000 have learned that E-commerce isn’t all that hard. What happens now? From .com to .profit, by Nick Earle and Peter G.W. Keen (Jossey-Bass, 2000) How Digital Is Your Business? by Adrian Slywotzky and David J. Morrison (Random House, 2000) The radicals of the 1960s got it wrong. The (technical) revolution will not merely be televised, it will appear on your computer screen in glorious, living color. In the new-economy tech wars, we are now in the third act of what promises to be a three-act play. In Act I, small companies used the Net to their advantage. In Act II, old-economy companies caught up with remarkable speed. And now, with the digital playing field more or less level, the best ideas and services will win. A series of new books reinforce the point that if you don’t understand what is going on, you — like thousands of generals before — are doomed to fight your last war. In their book From .com to .profit: Inventing Business Models That Deliver Value AND Profit, authors Nick Earle, president of Hewlett-Packard’s in-house incubator, E-Services.Solutions, and Peter G.W. Keen, a technology consultant who has written 20 books on business and IT strategy, deconstruct Act I clearly and informatively and delineate the new ground zero: being a dot-com, they say, “is about being open for business on the Web. Profit is about making money as a business on the Web. And they are not the same thing.” That distinction is being made painfully clear to tens of thousands of now struggling Internet start-ups. To underscore the obvious: being on the Web is no longer an objective but rather the price of entry for being in business. The ultimate goal is still to create a business model that makes sense. Ironically, that gives large companies an advantage. Prior to the advent of the Internet, old-economy companies had sales and almost always reported earnings. In general, costs fell dramatically and sales climbed as those companies went digital. GE is a perfect example. Once the company made the decision to master the Web, it caught up to, and in many cases surpassed, the dot-coms. What’s a smaller company to do now that the first-mover advantage is gone? Well, you could do a lot worse than spend some time with How Digital Is Your Business? by Adrian Slywotzky and David J. Morrison, authors of The Profit Zone and Profit Patterns (Random House). The book’s premise is that your company should have a “digital business design” — another way of saying that you need to have a detailed business strategy that actually makes sense. To Slywotzky and Morrison, a digital business design is “never about technology for its own sake; it’s about using technology to create a unique and better business design.” The authors go on to list eight areas of importance and pose eight questions that they say you need to answer when building that model: Customer selection. Which customers do I choose to serve? Unique value proposition for the customer. Why do they buy from me? Unique value proposition for the talent. Why do people work here? Value capture/profit model. How do I make money? Strategic control/differentiation. How do I protect my profits and my customer relationships? Scope. What do I do to add value? Organizational systems. What organizational structure and culture do I create? Bit engine. How do I manage and distribute the intelligence inherent in the system? Although the first seven concepts are fairly basic, they are important and necessary to mutually reinforce one another. But what is perhaps most intriguing about their list is the eighth item. In creating their concept of a bit engine, Slywotzky and Morrison are building on a concept put forth by Nicholas Negroponte, author of Being Digital and founder of MIT’s Media Lab. Negroponte drew the now accepted distinction between managing atoms and managing bits. Managing atoms is manipulating physical assets: stockpiling inventory, shipping product, building factories, and so forth. Managing bits is all about manipulating information. Obviously, given a choice, you would prefer to have your company stationed behind door #2. That, as Slywotzky and Morrison point out, is where digital business design fits in. “On the surface, Digital Business Design is about what fraction of your business processes are conducted online,” they write. “At a deeper level, it’s about whether you’ve transformed the way you do business by taking advantage of the new strategic options enabled by digital technologies.” Now, if you think some of that sounds familiar, you’re right. And concepts like the “choiceboard,” a process by which customers are allowed to interactively design the exact version of the product that they want, are just mass customization in a different guise. And many of the corporate examples given in the book (Dell, Schwab) will be well known to even the most casual business readers. But Slywotzky and Morrison have put this information together in a way that is useful for managers. They provide specific examples — including international cases such as Cemex, the Mexico-based cement company — that show how companies have digitized their business effectively. Their book could help you write your own Act III. On the Other Hand, Maybe We’re All Doomed The Coming Internet Depression, by Michael J. Mandel (Basic Books, 2000) Maybe you shouldn’t be thinking about technology at all. In fact, if you listen to Michael J. Mandel, a truly smart guy, you might want to use your computer to sell every tech stock you own and then go hide — with your money — under your bed. That would be a perfectly understandable reaction after reading Mandel’s book, The Coming Internet Depression: Why the High-Tech Boom Will Go Bust, Why the Crash Will Be Worse Than You Think, and How to Prosper Afterward. First a discussion about why you should believe Mandel, and then a summary of his argument. Mandel is an economics editor at Business Week. But unlike most editors, he actually knows something and has the credentials to prove it. (Mandel has his Ph.D. in economics from Harvard.) Second, he has written well on the new economy for some years. Third, unlike most economists, Mandel has a definite opinion about what’s going to happen. And that opinion is this: we are heading for a heap of trouble, and technology is to blame. The intriguing thing about the new economy, Mandel says, is not that it has repealed traditional business cycles, as some contend. Rather, it’s that it has amplified them. Innovation is clearly the lifeblood of any economy. But in the new economy, funding for a large chunk of research has come from venture capital, and how much venture capital is available depends on how well tech stocks are doing on Wall Street. Mandel writes: “Faster growth and a rising stock market increase the incentives to invest in innovation — which yields more start-ups, faster adoption of technology and more pressure on existing companies to keep up. But when a downturn starts, watch out.” In a downturn, not only will funding for research dry up but established firms will have little to fear from start-ups, the economist contends. That will allow the veteran companies to set higher prices and boost margins, which in turn will lead to higher inflation. And suddenly we are in a never-ending downward spiral. “Hardest hit, of course, will be the stock market,” he writes. “Rather than a single sharp crash, the market will sour over time. The leading-edge Internet companies will tumble even further than they did in spring 2000. Initial public offerings will come to a dead halt and the downdraft will spread to the technology stocks, which accounted for roughly 45% of the gain in market value during the New Economy boom [which Mandel dates as beginning in 1995].” He goes on: “Attempts by investors to pull their money out of the market will drive down stock prices even further.” And down and down we go. Since a downturn is inevitable, are we truly doomed? Well, almost buried in this well-written, well-reasoned book is one reason for hope: “The venture capital business only represents about $100 billion of the $9-trillion U.S. economy.” So on an absolute basis, if it dries up, the hit should not be fatal. Mandel’s response? Yes, of course, the hit won’t be devastating — if people react rationally. But investors don’t always do that, he points out. A major sell-off in technology could have an amazing ripple effect. Maybe it’s time to bring out all those survival kits we prepared for Y2K. Who Needs Publishers? A smart CEO called me the other day, looking for some general background information on the publishing industry. (He was thinking about writing a book.) When I told him it usually takes from nine months to a year for a finished manuscript to appear in print, he was appalled. “Wait a second! It’s going to take me nine months to write the thing, and at least that long until it’s on the shelf?” he asked. “That’s a year and a half — if everything goes well, and you’re telling me I should count on two years from start to finish? How in heck can you do a technology book that has anything meaningful to say with that kind of lead time?” It’s a great question. So far, publishers don’t have any great answers. Why should you care? Three reasons: You want access to the best information you can get on a timely basis. You want to know who is a timely and reliable source of the information you need. Someday you may want to write a book. Traditionally, the book-publishing industry would have been the logical place to take all those desires. But as the CEO with whom I spoke the other day found out, conventional book publishing is becoming progressively irrelevant. With that in mind, keep an eye on what’s going on at sites like MightyWords ( www.mightywords.com) and Soapbox.com ( www.soapbox.com, created by the people at Motley Fool). Some sites allow nearly anyone, with some restricting conditions, to be an author. You post your approved original content and split the revenues. Not surprisingly, so far the content on such sites is remarkably uneven. However, as more people learn about the opportunity of taking their message directly to the marketplace, the better the material is likely to be. (Things will improve further as more companies, such as Soapbox.com, provide a feedback mechanism that allows users to evaluate the content.) Traditional book publishers dismissed Stephen King’s self-publishing efforts, through which he sold a remarkable number of copies of his novel The Plant (north of 150,000 downloads at $1 a pop) directly to consumers. (Interestingly enough, the book is about a human-devouring flora that’s sent to a publishing executive.) Book publishers would do well not to ignore new business models — and you would, too. If the plant doesn’t get traditional book publishers, the competition will. Paul B. Brown is the author or coauthor of 10 books and editor-in-chief of DirectAdvice.com, an online financial-planning company. Executive Reader George Pace CEO of Rocco Inc., in Harrisonburg, Va., parent company of the Shady Brook Farms brand of turkey Recent fave The Greatest Generation, by Tom Brokaw. “About 15% of our employees are from that generation,” Pace says. “Brokaw’s book helps you understand where they are coming from. Each story in the book is about the extraordinary actions average people took in tough situations.” Business basic A Passion for Excellence, by Tom Peters and Inc. contributor Nancy K. Austin. “You can have the greatest strategy in the world, but if it’s executed poorly, you can still lose,” Pace says. “If you execute well, you can win with an average strategy. Peters writes about finding a way to communicate to your employees no more than five priorities the company has, and how everyone can accomplish them by pulling in the same direction. That’s easy to do when you have 5 employees, but not so easy when you have 3,500. But if you can do it, it’s magic. Executional excellence is critical.” For fun The Bear and the Dragon, by Tom Clancy. “I like Clancy. I enjoy thinking about how someone could think up all that stuff and keep it straight. Plus, it’s 1,028 pages. If you travel a lot, it’s good to have one book to hang with for a while.” –Jill Hecht Maxwell Please e-mail your comments to editors@inc.com.

The Netty Professor

Is Bruce Weinberg’s obsession with on-line shopping a warning that E-commerce will consume us all? It’s just after 8 p.m. on a Tuesday evening, and Bruce D. Weinberg has stationed himself inside the nerve center of his suburban Boston home. Seated among stacks of new-economy publications and a Macintosh computer carcass — his two-year-old son, Sam, uses the central processing unit as a step stool so he can see his dad’s computer screen — Weinberg stares into his monitor with enough intensity to rival the two bare lightbulbs burning overhead. At this particular moment, as at most moments, he’s deftly clicking around the virtual aisles of yet another E-retail outpost. Finding what he wants at 20% less than what he expected to spend, he says, “Wow, are they going after market share.” Suspicious, he freezes the window for safekeeping but keeps searching just to make sure there’s no better deal anywhere else. Fortunately, he’s got a cable connection with a maw wide enough to match his hunger for hunting. And parked atop his desk, at roughly the dimensions of a Yugo, is a printer that spits out 17 pages a minute. “Time is at a premium for me,” says Weinberg, petting the machine. Sure it is. Weinberg’s busy. An associate professor of marketing and E-commerce at Bentley College, just outside Boston, he’s also got three small children. But more significantly, he’s always got shopping to do. It’s not that Weinberg, 41, is the ultimate conspicuous consumer, although he does have his buying sprees. He’s self-conscious enough to issue a warning before unlocking a bunker in his basement. “I’ll show you the collection, and you can tell me if I’m off the deep end,” he suggests, indicating that he already knows the answer. The door swings open to reveal “400, at least” Batman action figures. “Bruce delves into things very enthusiastically,” says his wife, Amy Ebersole. But what separates Weinberg from the mall-medicated masses isn’t how much stuff he buys or how hard he strives to spend as little as possible on it. His buying consumes him because he insists on shopping solely by computer. That means everything: an instantly gratifying gallon of milk, a set of tires, a pair of cuffed khakis, a package of calculator batteries. He’s purchased ruby earrings, foot-cushion inserts, film, Creole seasoning, a “good-quality” spatula, a Tom Peters book, and a toy replica of George Harrison, the quiet Beatle. In short, he’s bought (and, in the case of the khakis that were too long, returned) everything on-line that he would normally buy in what he now calls the “dirt” world. And he’s done so since mid-September 1999, when he set out to try it for three months, later extending the project’s duration to a year. Not that he’s been out to perform a survivalist stunt. “If I’m in a mean mood, I’ll just mention DotComGuy to him. ‘That’s not research,’ he’ll say, ‘that’s a sham,’ ” says Jonathan Hibbard, Weinberg’s “manager” on the project and an assistant professor of marketing at Boston University’s Graduate School of Management, where the project originated. DotComGuy is the bogeyman of Internet obsessives, a Dallas-based fellow who, on January 1, reduced his life to a yearlong Webcast. Weinberg, on the other hand, considers himself a scientist on a mission. Bruce Weinberg buys everything on-line: milk, ruby earrings, footpads — even a toy replica of George Harrison. That mission first took shape a couple of years ago, when Weinberg, having spent eight years as assistant professor of marketing and E-commerce, lost his battle for tenure at Boston University’s B-school. Afterward, he felt “exposed.” He decided that the mathematical forecasting he’d been doing was “not in my soul. I liked it, but I didn’t love it.” What he feels for E-commerce is much different, though he’s not prepared to label his emotions. “I didn’t expect this,” says Weinberg, leaning back in his chair, displaying his Batman T-shirt at full wingspan. “I’m feeling things that I was definitely not expecting to feel.” But the goals have been suitably scholarly: to generate hypotheses about how the consumer decision-making process, as marketers have traditionally understood it, differs in an on-line environment. “In E-commerce, a consumer is still a consumer. However, the language is different,” he explains. “It’s like being dropped in a foreign country where they have a lot of the same things — department stores, food, trains — but the way they go about meeting those requirements is different.” How can on-line sellers create the right type of buying experience for consumers? How can buyers prepare themselves for a satisfying foray? “This is a great time to get engaged and to try to understand all of this,” says Weinberg. “If I can find some principles here — don’t do it this way, do it that way — then it’s saving everybody some aggravation.” Typically, such a study would involve surveying consumers. But Weinberg, having zeroed in on a phenomenon he describes as “fast-changing, uncharted, and ‘Wild West,’ ” has chosen a “highly qualitative” methodology. He’s studying himself. For now, anyway. “If we wanted to do a study asking, ‘What do self-consciously sophisticated marketing people think of shopping on the Internet?’ then we could start with him,” says Sidney J. Levy, head of the marketing department at the Eller College of Business and Public Administration at the University of Arizona. “He’s typical of who he’s typical of. And that’s OK as a way to start thinking about anything.” Perhaps unintentionally, Weinberg’s approach has enabled him to chronicle a more dramatic experiment than the one he set out to conduct: namely, how much E-commerce has transformed him. Only his relentlessness has allowed him to explore the subject as deeply as he has, bending it to meet his own needs. But the fact that he’s emerged with a new sense of himself — more than empowered, he’s on an empowerment trip — offers a hint of what some consumers may experience in the years ahead as E-commerce becomes accessible to more people. “Once you do this, it has a huge impact,” Weinberg says, describing not only his own reaction but also that of students who are required to buy and sell online in a course he teaches. “I feel in charge of my destiny. That’s not about shopping, but that’s what this has done for me.” In short, he’s consumed by E-commerce. Not just by the “crazy deals” he can obtain through it — which he knew from early on would dry up when the Internet bubble popped — but by the novelty and convenience of the activity itself. Until July 1999, Weinberg had never bought anything from a Web site. Nine months later he could hardly stand to go on a four-day family vacation without doing some on-line shopping. “I got at least four calls from him where he left me messages about trying to buy something or wanting me to check out this or that,” recalls B.U.’s Hibbard. “Finally, I gave him one call, and I said, ‘I’m not calling again.’ ‘OK,’ he said, ‘I’ll call you.’ All I could say was ‘Bruce, you are on vacation, and you are going to get into trouble.’ “ He got into trouble anyway. “He told me several times during the vacation, ‘I really want to go to the library and use the computer,’ ” Ebersole recalls. “I said, ‘Bruce, it’s only four days. Can’t you just relax?’ ” She already knew the answer. “This whole thing interferes with his interaction with his family,” she says. Yet on this particular Tuesday evening, Weinberg grabs a family member to witness his most memorable on-line purchase to date. He grips the mouse as his mother-in-law points a camera. He clicks, she clicks, and it’s done. “I’m kind of skeptical. That price was way too good,” he says afterward. “I’m really bracing for them to somehow weasel out of it.” Weinberg has just agreed to spend $21,100. The minivan he’s ordered, in dark emerald pearl, is supposed to appear in his driveway at 10 a.m. sharp the next morning. It’s now nearly 11 p.m. “I should go to sleep,” he says. Weinberg keeps a detailed diary of his E-exploits on his home page for anyone to read. Anyone who visits the site (http://people.bu.edu/celtics/) can glean assorted oddball facts about the author. He owns the plate President Clinton used at lunch on June 1, 1994; it still has a bean and some sauce on it. He mastered broomball while studying for his M.B.A. at Boston University. In 1983 he finished the Boston Marathon in three hours and 10 minutes — well, the first 22.5 miles of it anyway. If someone were to make a movie from his diary, the trailer would undoubtedly tout it as a modern coming-of-age story (suggested title: Stand by E). For Weinberg, E-commerce isn’t about burn rates or business models, or even stock volatility. He’s backed by the example of Amazon.com, which has always addressed investor anxieties concerning its constant expansion, by insisting that it’s not about selling books or CDs or power tools — but about providing consumers with a particular kind of experience. Weinberg is out to examine that experience. He’s emotionally invested in every transaction, applying determination (“I will get black dress shoes on-line. There is no doubt about it”), anticipation (“I feel a printer purchase coming on this weekend”), and eagerness (“OK, Streamline, let’s see what you got”) to each task. As a result, his assessment of any given E-tailer is proudly subjective. Early on, in order to help categorize different kinds of E-commerce experiences, Weinberg began doling out his own awards: Brucies for “impressive on-line service” and Noosies for those who have “hung themselves with their own rope” by mistreating him. What specifically matters to Weinberg about an E-commerce experience — such as offers of coupons and rebates that can lop a satisfying 88¢ off a price — may not matter to anyone else. But with every cent he spends (the money’s all his own, he proudly points out), he adds to his overarching observations about the differences between sites that succeed and those that don’t. Six months into the project, Weinberg combined his observations about buying and selling on-line into a research report. He’ll gather even more grist in October when three fellow academics (including Levy, who formerly chaired the marketing department at Northwestern’s Kellogg school) will present their analysis of Weinberg’s diary at the Association for Consumer Research conference. He calls their presentation “The Three Faces of E-Commerce.” “This whole thing interferes with his interaction with his family.” –Amy Ebersole, Weinberg’s wife

The Netty Professor

Is Bruce Weinberg’s obsession with on-line shopping a warning that E-commerce will consume us all? It’s just after 8 p.m. on a Tuesday evening, and Bruce D. Weinberg has stationed himself inside the nerve center of his suburban Boston home. Seated among stacks of new-economy publications and a Macintosh computer carcass — his two-year-old son, Sam, uses the central processing unit as a step stool so he can see his dad’s computer screen — Weinberg stares into his monitor with enough intensity to rival the two bare lightbulbs burning overhead. At this particular moment, as at most moments, he’s deftly clicking around the virtual aisles of yet another E-retail outpost. Finding what he wants at 20% less than what he expected to spend, he says, “Wow, are they going after market share.” Suspicious, he freezes the window for safekeeping but keeps searching just to make sure there’s no better deal anywhere else. Fortunately, he’s got a cable connection with a maw wide enough to match his hunger for hunting. And parked atop his desk, at roughly the dimensions of a Yugo, is a printer that spits out 17 pages a minute. “Time is at a premium for me,” says Weinberg, petting the machine. Sure it is. Weinberg’s busy. An associate professor of marketing and E-commerce at Bentley College, just outside Boston, he’s also got three small children. But more significantly, he’s always got shopping to do. It’s not that Weinberg, 41, is the ultimate conspicuous consumer, although he does have his buying sprees. He’s self-conscious enough to issue a warning before unlocking a bunker in his basement. “I’ll show you the collection, and you can tell me if I’m off the deep end,” he suggests, indicating that he already knows the answer. The door swings open to reveal “400, at least” Batman action figures. “Bruce delves into things very enthusiastically,” says his wife, Amy Ebersole. But what separates Weinberg from the mall-medicated masses isn’t how much stuff he buys or how hard he strives to spend as little as possible on it. His buying consumes him because he insists on shopping solely by computer. That means everything: an instantly gratifying gallon of milk, a set of tires, a pair of cuffed khakis, a package of calculator batteries. He’s purchased ruby earrings, foot-cushion inserts, film, Creole seasoning, a “good-quality” spatula, a Tom Peters book, and a toy replica of George Harrison, the quiet Beatle. In short, he’s bought (and, in the case of the khakis that were too long, returned) everything on-line that he would normally buy in what he now calls the “dirt” world. And he’s done so since mid-September 1999, when he set out to try it for three months, later extending the project’s duration to a year. Not that he’s been out to perform a survivalist stunt. “If I’m in a mean mood, I’ll just mention DotComGuy to him. ‘That’s not research,’ he’ll say, ‘that’s a sham,’ ” says Jonathan Hibbard, Weinberg’s “manager” on the project and an assistant professor of marketing at Boston University’s Graduate School of Management, where the project originated. DotComGuy is the bogeyman of Internet obsessives, a Dallas-based fellow who, on January 1, reduced his life to a yearlong Webcast. Weinberg, on the other hand, considers himself a scientist on a mission. Bruce Weinberg buys everything on-line: milk, ruby earrings, footpads — even a toy replica of George Harrison. That mission first took shape a couple of years ago, when Weinberg, having spent eight years as assistant professor of marketing and E-commerce, lost his battle for tenure at Boston University’s B-school. Afterward, he felt “exposed.” He decided that the mathematical forecasting he’d been doing was “not in my soul. I liked it, but I didn’t love it.” What he feels for E-commerce is much different, though he’s not prepared to label his emotions. “I didn’t expect this,” says Weinberg, leaning back in his chair, displaying his Batman T-shirt at full wingspan. “I’m feeling things that I was definitely not expecting to feel.” But the goals have been suitably scholarly: to generate hypotheses about how the consumer decision-making process, as marketers have traditionally understood it, differs in an on-line environment. “In E-commerce, a consumer is still a consumer. However, the language is different,” he explains. “It’s like being dropped in a foreign country where they have a lot of the same things — department stores, food, trains — but the way they go about meeting those requirements is different.” How can on-line sellers create the right type of buying experience for consumers? How can buyers prepare themselves for a satisfying foray? “This is a great time to get engaged and to try to understand all of this,” says Weinberg. “If I can find some principles here — don’t do it this way, do it that way — then it’s saving everybody some aggravation.” Typically, such a study would involve surveying consumers. But Weinberg, having zeroed in on a phenomenon he describes as “fast-changing, uncharted, and ‘Wild West,’ ” has chosen a “highly qualitative” methodology. He’s studying himself. For now, anyway. “If we wanted to do a study asking, ‘What do self-consciously sophisticated marketing people think of shopping on the Internet?’ then we could start with him,” says Sidney J. Levy, head of the marketing department at the Eller College of Business and Public Administration at the University of Arizona. “He’s typical of who he’s typical of. And that’s OK as a way to start thinking about anything.” Perhaps unintentionally, Weinberg’s approach has enabled him to chronicle a more dramatic experiment than the one he set out to conduct: namely, how much E-commerce has transformed him. Only his relentlessness has allowed him to explore the subject as deeply as he has, bending it to meet his own needs. But the fact that he’s emerged with a new sense of himself — more than empowered, he’s on an empowerment trip — offers a hint of what some consumers may experience in the years ahead as E-commerce becomes accessible to more people. “Once you do this, it has a huge impact,” Weinberg says, describing not only his own reaction but also that of students who are required to buy and sell online in a course he teaches. “I feel in charge of my destiny. That’s not about shopping, but that’s what this has done for me.” In short, he’s consumed by E-commerce. Not just by the “crazy deals” he can obtain through it — which he knew from early on would dry up when the Internet bubble popped — but by the novelty and convenience of the activity itself. Until July 1999, Weinberg had never bought anything from a Web site. Nine months later he could hardly stand to go on a four-day family vacation without doing some on-line shopping. “I got at least four calls from him where he left me messages about trying to buy something or wanting me to check out this or that,” recalls B.U.’s Hibbard. “Finally, I gave him one call, and I said, ‘I’m not calling again.’ ‘OK,’ he said, ‘I’ll call you.’ All I could say was ‘Bruce, you are on vacation, and you are going to get into trouble.’ “ He got into trouble anyway. “He told me several times during the vacation, ‘I really want to go to the library and use the computer,’ ” Ebersole recalls. “I said, ‘Bruce, it’s only four days. Can’t you just relax?’ ” She already knew the answer. “This whole thing interferes with his interaction with his family,” she says. Yet on this particular Tuesday evening, Weinberg grabs a family member to witness his most memorable on-line purchase to date. He grips the mouse as his mother-in-law points a camera. He clicks, she clicks, and it’s done. “I’m kind of skeptical. That price was way too good,” he says afterward. “I’m really bracing for them to somehow weasel out of it.” Weinberg has just agreed to spend $21,100. The minivan he’s ordered, in dark emerald pearl, is supposed to appear in his driveway at 10 a.m. sharp the next morning. It’s now nearly 11 p.m. “I should go to sleep,” he says. Weinberg keeps a detailed diary of his E-exploits on his home page for anyone to read. Anyone who visits the site (http://people.bu.edu/celtics/) can glean assorted oddball facts about the author. He owns the plate President Clinton used at lunch on June 1, 1994; it still has a bean and some sauce on it. He mastered broomball while studying for his M.B.A. at Boston University. In 1983 he finished the Boston Marathon in three hours and 10 minutes — well, the first 22.5 miles of it anyway. If someone were to make a movie from his diary, the trailer would undoubtedly tout it as a modern coming-of-age story (suggested title: Stand by E). For Weinberg, E-commerce isn’t about burn rates or business models, or even stock volatility. He’s backed by the example of Amazon.com, which has always addressed investor anxieties concerning its constant expansion, by insisting that it’s not about selling books or CDs or power tools — but about providing consumers with a particular kind of experience. Weinberg is out to examine that experience. He’s emotionally invested in every transaction, applying determination (“I will get black dress shoes on-line. There is no doubt about it”), anticipation (“I feel a printer purchase coming on this weekend”), and eagerness (“OK, Streamline, let’s see what you got”) to each task. As a result, his assessment of any given E-tailer is proudly subjective. Early on, in order to help categorize different kinds of E-commerce experiences, Weinberg began doling out his own awards: Brucies for “impressive on-line service” and Noosies for those who have “hung themselves with their own rope” by mistreating him. What specifically matters to Weinberg about an E-commerce experience — such as offers of coupons and rebates that can lop a satisfying 88¢ off a price — may not matter to anyone else. But with every cent he spends (the money’s all his own, he proudly points out), he adds to his overarching observations about the differences between sites that succeed and those that don’t. Six months into the project, Weinberg combined his observations about buying and selling on-line into a research report. He’ll gather even more grist in October when three fellow academics (including Levy, who formerly chaired the marketing department at Northwestern’s Kellogg school) will present their analysis of Weinberg’s diary at the Association for Consumer Research conference. He calls their presentation “The Three Faces of E-Commerce.” “This whole thing interferes with his interaction with his family.” –Amy Ebersole, Weinberg’s wife