Erik Brynjolfsson and Andrew McAfee Big Data: The Management Revolution (image via bryancallen.com)

Andrew McAfee and Erik Brynjolfsson – Big Data: The Management Revolution

“There’s much wisdom in that saying, which has been attributed to both W. Edwards Deming and Peter Drucker, and it explains why the recent explosion of digital data is so important. Simply put, because of big data, managers can measure, and hence know, radically more about their businesses, and directly translate that knowledge into improved decision making and performance.

Continue Reading

Technological Discontinuities and Organizational Environments Michael L. Tushman; Philip Anderson (image via http://www.exed.hbs.edu/)

Michael Tushman & Philip Anderson – Technological Discontinuities and Organizational Environments

“Technology can be defined as those tools, devices, and knowledge that mediate between inputs and outputs (process technology) and/or that create new products or services (product technology) (Rosenberg, 1972). Technological change has an unequivocal impact on economic growth (Solow, 1957; Klein, 1984)and on the development of industries (Lawrence and Dyer, 1983).The impact of technology and technological change on environmental conditions is, however, less clear.

Continue Reading

Klaus Schwab World economic forum world competitiveness report (image via forumblog.org)

Klaus Schwab (WEF) – Global Competitiveness Report

“The Global Competitiveness Report 2013–2014 is being released at a time when the world economy is undergoing significant shifts. The global financial crisis and the ensuing developments have heightened the role of emerging economies in the global context.This has accelerated the major economic transformations already underway, which have fueled rapid growth and lifted millions of people out of poverty. Yet, although the global economy’s prospects are more positive than they were when we released last year’s Report, growth has begun to slow across many emerging economies, and advanced economies in Europe and elsewhere continue to struggle.

Continue Reading

Tellis Evolution and radical Innovation (image via fdz.iab.de)

Sood & Tellis – Technological Evolution and Radical Innovation

“Technological change is perhaps the most powerful engine of growth in markets today. To harness this source of growth, firms need answers to key questions about the dynamics of technological change: (1) How do new technologies evolve? (2) How do rival technologies compete? and (3) How do firms deal with technological evolution?

Continue Reading

Insatiable Curiosity innovation context (image via www.timeshighereducation.co.uk)

Helga Nowotny – Insatiable Curiosity

“An innovative idea is recognizable by the fact that it surprises. The greater the surprise, the more innovative the idea. But innovations do not consist solely of ideas, even if ideas are where they start from. Innovations are tied to the respective context.They consist in the recognition and implementation of new possibilities that reach beyond the tested or accustomed routine. They are defined by their success, which consists in opening up new spaces for activity, whether in connection with technological products, new markets, organizational adjustments, or other social arrangements.

Continue Reading

Gina O'Connor the human side of radical innovation (image via grabbinglightning.com)

Colarelli O’Connor & McDermott – The Human Side of Radical Innovation

“Radical, breakthrough, discontinuous, step out, horizon 3, gamechanging innovation are all labels adopted in the academic literature and management practice to identify projects whose objectives are to create new to the world offerings and, concomitantly, whole new lines of business for companies. They are distinguished not only by the promise of reward they offer, which is not only large in scope and strategically important to the corporation in terms of organizational renewal, but also by the risk and uncertainty that accompanies their potential outcome.

Continue Reading

genesis of innovation

Laperche, Uzunidis & Tunzelmann – The Genesis of Innovation

“Knowledge and innovation are the two main resources of contemporary capitalism. To study and understand these roles, it is first helpful to draw on the theory of systems. Technological innovation cannot be understood when isolated from its context. Putting innovation in perspective requires a holistic and systemic approach: new technologies, new products, but also new markets, new organization and new management practices.

Continue Reading

complex adaptive systems (image via blogs.discovermagazine.com)

John H. Miller & Scott E. Page – Complex Adaptive Systems

An Introduction to Computational Models of Social Life

“Adaptive social systems are composed of interacting, thoughtful (but perhaps not brilliant) agents. It would be difficult to date the exact moment that such systems first arose on our planet—perhaps it was when early single-celled organisms began to compete with one another for resources or, more likely, much earlier when chemical interactions in the primordial soup began to self-replicate. Once these adaptive social systems emerged, the planet underwent a dramatic change where, as Charles Darwin noted, “from so simple a beginning endless forms most beautiful and most wonderful have been, and are being, evolved.” Indeed, we find ourselves at the beginning of a new millennium being not only continually surprised, delighted, and confounded by the unfolding of social systems with which we are well acquainted, but also in the enviable position of creating and crafting novel adaptive social systems such as those arising in computer networks.

Continue Reading

The ecosystem of a coral reef requires continuous mutual adaptation of individuals and species, like Yolanda Reef in Ras Muhammad nature park, Sinai, Egypt. Image: Mikhail Rogov, Wikimedia Commons

Serena Chan – Complex Adaptive Systems

“The definition for complex adaptive systems seems to change with the different attempts at application. In order to make a good match between a hard-to-solve problem and a complexity approach, it is important to consider whether and how the problem exhibits attributes of a complex adaptive system. Research is indicating that CAS have a number of characteristics which are described in the following subsections.

Continue Reading

No more posts.