An information-age intelligence service would move away from a rigid, hierarchical structure toward a more fluid, networked organization, the authors explain. They recommend a system that would utilize the private sector -- with its access to more capital and its ability to move more quickly than a government organization. At the same time, this system would encourage government intelligence operations to concentrate on the specialized, high-risk activities they are uniquely able to perform. Berkowitz and Goodman examine recent failures of the intelligence community, discuss why traditional principles of intelligence are no longer adequate, and consider the implications for such broad policy issues as secrecy, covert action, and the culture of the intelligence community.