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disintermediation |
Also found in: Dictionary/thesaurus, Financial, Wikipedia, Hutchinson | 0.02 sec. |
disintermediationThe elimination of the distributor and/or retailer (the middleman) when making a purchase. The term is used to refer to purchasing directly from a manufacturer's Web site, the benefits of which are convenience, fast turnaround time and sometimes lower prices. Obviously, retail stores are very much against disintermediation. See reintermediation. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The reason why it has had something of a pro-war effect is happenstance: the people and organizations being disintermediated tend to take an anti-war, and sometimes (especially in the case of the relief organizations) anti-American line. Franklin Warren McFarlan, a senior associate dean at Harvard Business School who first met Victor when he was a student and now sits on the company's board, recalls that the Fungs were worried their company would be disintermediated and therefore disappear. Contrary to the notion that the Net will be a disintermediated world, much of the payment that ostensibly goes for content will go to the middlemen and trusted intermediaries who add value-- everything from guarantees of authenticity to software support, selection, filtering, interpretation, and analysis. |
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