Does Information Technology matter? This book argues that even as Information Technology hardware, software, data and associated processes are becoming more of a commodity, it has never been more important to manage Information Technology as a strategic asset. However, managing Information Technology as a strategic asset is notoriously difficult, a

Brian Webb is Senior Lecturer at Queen's University Management School, Belfast. Frank Schlemmer is the owner and manager of a number of small independent retail companies based in Germany and holds a doctorate from Queen's University Management School, Belfast.

1. Introduction 2. IT and Economic Theory 3. IT and Management Theory 4. IT and the Creation of Ricardian Rents 5. IT and the Creation of Schumpeterian Rents 6. Conclusions