Wharton on Emerging Technologies In the current world, technology is one of the most important aspects of any field, may it be business or study. Technologies that have evolved from various fields including internet and biotechnology can be of great importance in helping existing industries or firms in expanding, improving and transforming them, while also creating new industries…
Download file to see previous pages...
However, it has been witnessed quite a few times by the society that smaller firms, which may not seem like a threat to the incumbent firms, surpass them. The incumbent firms, although have access to superior resources often are not as successful as smaller, emerging firms in coming up with emerging technology. The question arises, what is the difficulty that major firms face in developing emerging technology and how can they learn to handle and overcome the problem? Wharton on Managing Emerging Technologies edited by George S. Day, Paul J. H. Shoemaker & Robert E. Gunther is a book that consists of 18 separate articles related to the topic of emerging technologies written by faculty at the Wharton School. The book allows us to learn in depth of a number of aspects that play an important role in the field of emerging technology. The book covers a range of topics including the pitfalls of emerging technology, the methods of assessing them, the way that the policy is capable of affecting the people, and the effects it has on the financial side. Wharton on Managing Emerging Technologies discusses the strategies, tools and frameworks suggested by leading business individuals, from the conclusions that were derived from the Wharton's Emerging Technologies Management Research Program. The book is perhaps one of the most beneficial studies in the field of management of emerging technologies. It covers a wide range of issues in relation to the topic of successful management of emerging technologies. Interesting aspects covered in the book The view that the editors of the book have regarding the management of emerging technologies is that it is a “different game” which requires management skills, strategies and framework much different from the usual management processes implemented to manage technology that is already in existence in firms that have been around for more than a while. This proved to be a very interesting topic as it sheds light on the reasons behind the need for a whole new set of management skills for the proper implementation of emerging technologies. Other aspects that are covered in the book are the common pitfalls in managing emerging technology faced by the incumbent firms and potential solutions, assessment of potential new markets by successful strategies and designing new technologies, while also taking advantage of what is known as the “market lumpiness”, the importance of scenario planning which will help in developing strategies in events of uncertainty, the limits of patents in protecting gains from technology, and the use of lead time and other strategies. Some more aspects covered are the importance and efficiency of innovative financial strategies, use of original options and investments, usage of other organizational forms and the development of customized workplace. All the topics presented in the book are interesting in their own ways. However, the topics that were most interesting were “Different Game”, “Pitfalls of Managing Emerging Technologies” and "Using alliances for competitive advantage". This paper discusses these topics in detail, while also talking of the strengths and weaknesses of the book, giving importance to the most valuable point made in the book. Different game The lesson on how the management
...Download file to see next pagesRead More
Cite this document
(“Business Organizations/Management book review Report/”, n.d.)
Retrieved de https://studentshare.org/management/1392590-business-organizations-management-book-review
(Business Organizations/Management Book Review Report/)
“Business Organizations/Management Book Review Report/”, n.d. https://studentshare.org/management/1392590-business-organizations-management-book-review.
The paper discusses some of the most insightful decisions that the Canadian government made concerning the company that makes it viable to date. Bellamy sheds some light on government interference when it comes to management of business. According to Bellamy, the company survived since it managed to operate on the forces of demand and supply.
Out of a series of editions by the same author, the book particularly commanded the seventh edition in the line. The book covers concepts that relate to the diverse understandings about structure, economic aspects, and management in general. According to George Robert, Management is a knack of having things done thoroughly.
This book has been written for all those who have difficulties in communication. Since communication is a very important area of study and has a very profound impact on the wellbeing of individuals, Dale Carnegie being a teacher of communication not only has given adequate methodologies to the readers regarding methods to win friends and master influencing people but has also provided real life examples of those famous people who have had a major influence on the masses.
There are many ways by which corporations can improve their chances of survival and in turn enhance profits but these ways always seem elusive to most of them. In other words, it takes a special talent, skill, or competence to maintain that edge once acquired and not let go of it.
Advertisement being an essential part of marketing is definitely a matter that is sought by marketing strategists and business think tanks worldwide. Numerous techniques, only few of which are field tested are documented for reference. In this intricate jungle of strategies, thumb rules and useless jargons on free market acrobatics, Lewis Kornfeld's, To Catch A Mouse Make A Noise Like A Cheese, is a novel approach made for ultimate survival and success in the treacherous quicksand of open market.
The numerous creations however, differ in the way in which they relate to the intended audiences. Different audiences of business advice have different deficiencies that need to be addressed. Bridging this gap has been
The book’s purpose is to reach out to people at any level (s) of an organization and companies (large or small.) His target audience is everyone from MBAs to line workers, from senior executives to project
Accordingly, Montgomery urges business executives to shift away from this traditionalist perspective and recognize that strategy is the most important executive responsibility. Ideally, a leader should not only
Planning involves determining the goals and objectives of the organizations as well as the means aimed at achieving them. Organizing on the other hand entails deciding where decisions will be applied including finding out
3 Pages(750 words)Book Report/Review
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Book Report/Review on topic Business Organizations/Management book review for FREE!