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E-business is heralding what is being called “the new economy.” To help managers negotiate this new business landscape, this article review the business and technologies requirements of modern extended organizations and discuss how adaptive business objects and controlled interoperability are the key enabling technologies to the challenge of integrated value chains. We know unlike previous decades where enterprises prized independence, the next decade will be one of business alliances and competing, end-to-end value chains. Enterprise value chains comprised of powerful business alliance partners will exceedingly compete as single entities for customers. Such extended corporations reach out not only with business relationships; they must integrate their value business processes and information systems to realize their business goal.