Book Description
An Insightful Model for Understanding Industry Change
From Xerox to K-Mart to Sotheby's, great companies have failed to translate extraordinary innovation into better profitability. Why does this happen?
Anita M. McGahan argues that great companies fail to profit from investments in innovation when they break their industries' rules for how change can take hold. In this book, she shows how to develop a strategy that is aligned with the rules of industry change. By understanding and operating within the rules, executives can better appreciate the tradeoffs that are unique to each company's evolutionary path-and consequently improve performance by making smarter, more profitable strategic bets.
How Industries Evolve is based on extensive statistical studies of 700 global industries and more than twenty-five case studies. McGahan identifies four models of industry evolution-progressive, creative, radical, and intermediating-and shows how a company can diagnose which model most closely describes the trajectory of change in its industry. The book then explains how company strategists can use their understanding of this model to carefully coordinate choices about R&D, alliances, internal venturing, leadership style, compensation, modularization, and time-to-market.
By supporting executives' efforts to recognize and respond to shifts in industry structure, this book will ultimately help companies to achieve and sustain superior performance.
Customer Reviews:
Understand the Status Quo - then Blow it up!.......2006-04-03
One of the first steps I take in analyzing a company is to timeline its' industry. McGahan offers up a detailed model of the various stages and life cycles of industries. Within How Industries Evolve, McGahan identifies four models of industry evolution; progressive, creative, radical, and intermediating.
My recommendation is to read this in conjunction with Blue Ocean Strategy. Some of the concepts mesh well in that you are either leading or following at any point in time. It's also true that you must either create sustaining innovation or reposition yourself by expanding into new territory.
Seven chapters create the core of How Industries Evolve:
1) Introduction and overview
2) The four trajectories of industry evolution
3) How change unfolds on each trajectory
4) Assessing the nature and stage of evolution in an individual industry
5) Conforming to the rules of change within an industry
6) Creating a business-unit strategy that exploits the opportunities in industry evolution
7) Diversifying across businesses to capitalize on industry evolution
No matter what your business, your success depends largely in part to overall industry dynamics. More importantly, understanding how other industry players think will go a long way towards achieving a distinctive competitive advantage - and keeping it.
------------------
Michael Davis, Editor - Byvation
"Business Success through Innovation"
Academic but worth it.......2005-09-27
This book was written by a b-school professor based on many years of research. The framework takes a little while to absorb. We read and reread the book several times. Once we "got it," though, this really made a big difference in helping us understand how our business threatened larger firms. We made much better pricing decisions after reading it.
Even radical change takes a long time.......2005-09-27
The best aspect of this book is that it offers a detailed model for the stages of radical and intermediating change. It deals with the emergence, convergence, co-existence and eventual dominance of one industry over another. The book explains that each of these stages may take a long time on the order of decades. This provided us with a very helpful way of thinking about what is happening in our business.
Excellent framework.......2005-09-21
While the framework is nicely structured, I was not able to get a good picture of how to implement the idea. As a startup's founder, I find the book of little help - maybe for established incumbents it would be different.
Interesting Thoughts on how Industries Evolve and Making it Work.......2005-06-23
Prof. McGahan (BC and HBS) has written an interesting book on how industries evolve and how a business executive can identify those trends and make $ out of it.
These are the key insights from the book,
1. 4 types of industry evolution patterns - Progressive (retail), Creative (pharma), Radical (fedex) and Intermediating (financial brokers).
2. These rules can be applied across core assets or core activities.
3. Two categories of phases of changes - [Fragementation, shakeout, maturity, declining]or [Emergence, Convergenc, Co-Existence and Dominance]
4. Her prescriptive approach to apply it to the industry,
- Identify what is your industry
- Determine Evolutionary Trajectory
- Determine nature of change - architectural/foundational
- Determine phase of change
- Apply principles of competition for each type
5. 2 kinds of tradeoffs - Leading vs. Following, Repositioning vs. Sustaining.
As you can well see these perspectives are not driven from lot of data and hard stats but more conjectures and hypothesis that are not well proven. I am not sure using this approach will help you make $ of money of these trends but it can get you tenureship at the local university.
FGS
Book Description
In brief: "High-Performance Interactive Marketing" will give you the practical guidance to capitalize on all of the potential and avoid all of the problems of marketing with new interactive technologies. You'll get an insider's advice and insights into the kinds of tactics that will help you sell more products and services right now--today and tomorrow--as well as help you develop the strategic vision needed to build the lasting customer relationshps that will keep you successful long after your competitors have faded from the scene.
The business press of recent years has been filled with dramatic portrayals of interactive marketing succcess. But the landscape behind those exciting pictures is filled with the wreckage of the failures--those who couldn't handle the probles and challenges of this fast-paced, ever-changing world. This book gives you all the strategic and tactical tools, with chapters like: --Disintermediation and the Changing Role of Marketing and Sales
--Bridging the Gap between Marketing and Sales
--The Huge Impact of Infomediaries and Portals
--The New Communications Model
--E-Branding and Positioning
--Creating and Implementing Successful Web Events
--Heuristic Marketing Techniques
--Using Marketing Automation The author has distilled his two-plus decades of experience making practical use of marketing technology to write a new marketing rule book. With your copy at your side, you willbe able to rewrite the rule book for your organization as well.
Customer Reviews:
Ryan Hits Home - As Usual.......2001-04-16
First, read the last four paragraphs. Then read the book. Use a marker liberally. This is a person with strong opinions and he is usually right. He is a marketer's marketer who never strays far from the fact that we all have to sell something to survive. He complies a lot of current internet thinking and best practices with a substantial heaping of his own background. He adds a sprinkling of the future with an eye on what's working now. Worth the price of admisssion, but start with the end.
Ryan hits a homerun!.......2001-04-12
A must read for anyone who either makes or influences marketing decisions. Being a part of an organization that serves both small and medium sized businesses that need integrated marketing solutions, this book is the outline for success. As an avid reader, all too often I see either "Joe Bob's theory on marketing success" or somebody plagiarizing one of the Porter bibles; either way, they're not usable by the average guy. Ryan's book has concise, easy to implement solutions that can be scaled. In today's marketplace where most businesses have between 2 and 10 employee's and make well under a million a year in revenue, business owners need roadmaps that are easy to follow and implementable with the staff that is on hand. Ryan does this well.
Not only would I consider this a must read, I'd say it's one to pick up again and again.
High Performance Practicality.......2001-03-16
Christopher Ryan has hit a homerun with his book High Performance Interactive Marketing. His book provides the reader with a host of real-time, practical advice on how to improve the performance of your business.
I love the fact that Ryan provides the reader with a plethora of real-world examples that a company (such as mine or my client's) can utilize immediately.
In a book world that is so focused on nice-to-know theories, Ryan delivers on what all companies covet--practical advice that can be used the next day. I especially like his demonstrations of metrics, such as return on marketing investments, as this continues to be the holy grail that most companies seek, but very few find the right formula tied to their specific situation.
I will use this book regularly for my company and highly recommend it to my clients.
It's about time.......2001-03-14
What an important book for the contemporary marktplace! The author gives the reader incredibly canny insights into the confusing world of interactive marketing--both the "30,000-foot," strategic view and the hands-on, everyday tactics that get the job done. And all of this is presented in a friendly, easy-to-read style with a minimum of jargon and buzzwords. This book is worth many times the cover price. It's about time someone wrote this book.
great reading.......2001-02-28
A must for all new and veteran marketing professionals.
Average customer rating:
- One of the most practical books I have read about Innovation
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Competitive Innovation Management: Techniques to Improve Innovation Performance
James A. Christiansen
Manufacturer: Palgrave Macmillan
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ASIN: 0312230257 |
Book Description
The kinds of management systems typically used in large companies throw up many roadblocks to innovation. This book compares the management systems of highly innovative companies with those of more typical companies and shows how they are different. Twenty different aspects of management are compared, from organization structure to communications systems to incentives to project funding systems.
Customer Reviews:
One of the most practical books I have read about Innovation.......2002-01-05
I have being reading the most important literature about Innovation Management and I have found this book extremelly practical. Christiansen is the first author I have read that gives you advise on how to implement change to improve the innovation capability of your company and gives you a clear research-based approach about which management systems should be changed first and why. For me, something very revealing was the chapter on how innovation systems should be different depending on the industry and/or company you are. This book offers a great value.
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Product Innovation, Interactive Learning and Economic Performance, Volume 8 (Research on Technological Innovation, Management and Policy)
Manufacturer: JAI Press
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Binding: Hardcover
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ASIN: 0762311568 |
Book Description
The aim of this book is to contribute to the understanding of product innovation - how it takes place and how it affects firms and the economy. It links product innovation to interactive learning and to the performance of firms. It studies the interconnections between these three elements on the basis of unique data sets and detailed case studies. The book will prove helpful for managers, employees and policy makers as well as for scholars and students who want to understand the role of product innovation in the economy.
In the book it is shown that product innovation is of major importance. For the economy as a whole, the introduction of new products is fundamental for economic growth. Process innovation without product innovation would sooner or later result in economic stagnation and in what has been called technological unemployment. In turbulent sectors product innovation is necessary for firms to survive and grow.
The book also shows that product innovation is a complex and multidimensional phenomenon. In order to capture this complexity authors combine different theoretical perspectives, different levels of aggregation, and different methodological approaches.
Book Description
Information technology accounts for over one-third of recent U.S. GDP growth and nearly two-thirds of corporate capital investment. ''The New Economy'' appears omnipresent, but little is actually known about its workings.
This seminal volume brings together the research and critical thinking of many of the world's top macro and micro economists to provide a unique, multifaceted perspective. Through the use of detailed, up-to-date country and industry studies, this book provides the most authoritative and detailed analysis ever assembled into the causes of technological innovation and its relationship to economic performance. The country studies cover the United States, Japan, Germany, France, the United Kingdom, and the Nordic states. Nine industry studies examine the Internet, computers and semiconductors, banking, securities trading, venture capital, energy, agricultural biotechnology, pharmaceutical biotechnology, and automobiles.
Commissioned and brought together for the research project by the world-renowned Council on Foreign Relations, the authors have produced one of the most important compendia in applied economics to be published in recent times.
The contributors are Charles Calomiris, Ian Domowitz, Robert Evenson, Charles Fine, Robert Gordon, Richard Langlois, Josh Lerner, Markku Malkamäki, Patrick Messerlin, Joel Mokyr, David Mowery, Richard R. Nelson, Stephen Nickell, Gary Pisano, Adam Posen, Daniel Raff, Horst Siebert, Timothy Simcoe, Benn Steil, Michael Stolpe, John Van Reenen, David Victor, and Matti Virén.
Amazon.com
In The Innovation Premium, two experts with Arthur D. Little show how some of the world's best companies boost shareholder wealth by continually coming up with new products and services and ways of doing business. Ronald S. Jonash and Tom Sommerlatte look at Lucent Technologies, Nokia, Sun Microsystems, Millennium Pharmaceuticals, Pfizer, Canon, Boston Scientific, DaimlerChrysler and others that rely on innovation to drive growth and profits. They write, "More than a change of leadership, more than a merger or an acquisition, more than a renewed commitment to cost reduction, investors consistently reward--and pay a premium for--innovation." Their main message: A new breed of technology managers is sparking innovation by freeing company researchers to work hand in hand with customers, suppliers, partners, and even competitors. Nokia, for example, used this approach in transforming itself into the largest mobile-phone company in the past decade, and Lucent did the same in developing a lucrative modem chip for DSL high-speed Internet use. The stocks of both companies also exploded. In a global survey of 669 companies, the authors found that companies can spur innovation with clear management support for generating new ideas, a chief technology officer with executive clout, strong cooperation between marketing and technology departments, and a free flow of information. An illuminating and easy read, The Innovation Premium is for business leaders seeking ways to develop and manage innovation in their organizations. --Dan Ring
Book Description
Experts from Arthur D. Little, international consulting firm and leader in innovation management, show companies of all sizes how to reap the financial and competitive rewards of successful innovation
In today's constantly shifting marketplace, innovation has become the mantra of companies large and small. In The Innovation Premium, Ron Jonash and Tom Sommerlatte draw on years of research and experience to demonstrate-for the first time-that those companies that consistently achieve innovation leadership enjoy measurable advantages, including increases in shareholder returns. Bridging the gap between the technological and organizational aspects of innovation, the authors show managers at all levels how to move beyond continuous improvement of products and processes to create the "Next Generation Enterprise," an organization that thrives on innovation and knows how to harness it to create and capture value, spark and speed growth, and achieve the highest standards of performance.
Customer Reviews:
A framework for capturing innovation.......2006-02-16
Businesses that achieve growth and profitability through innovation have been valued higher on Wall Street and have been rewarded by investors. There is a premium on innovation in the marketplace. However, it is often difficult to know how to capture and foster innovation within the organization. Based on studies of companies that have successfully integrated innovation, the authors present both a framework for capturing innovation and guidance on transforming your organization into a next-generation company, where customers, suppliers and strategic partners are all involved in making the company an innovative leader.
The goal of becoming a next-generation company must be management driven and is based on two principles.
1. Management must drive innovation across the entire enterprise to create value.
2. Management must leverage technology and competency to drive sustainable innovation and capture competitive advantage.
The framework the authors present focuses on five areas:
1. Strategy: Companies must construct technology and competency platforms than can be tapped to generate improvements and innovation. Platforms are sets of key technologies and/or capabilities applied as the basis for growth.
2. Process: Companies must be willing to search for innovative ideas in a wide variety of sources at the beginning. At the end, they must be prepared to market an array of products and services, promoting the commercialization of captured innovations.
3. Innovative resources: Invest in alliances with suppliers who will coordinate efforts to save time and money. Leverage the expertise of your employees to sustain innovation.
4. Innovative organization: Create worldwide networks of innovators. Allow ideas to flow across the organization. Network employees to each other and to partners outside the organization.
5. Innovative learning culture: Learning is the key to sustaining the pace of innovation. Learning must be continuous and company-wide. Companies must gather the expertise from every corner of its enterprise and extend it across the organization.
AN IMAGINATIVE WORK, PROVIDING A VIVID, COMPELLING VISION........2000-01-14
This book examines how companies become innovation leaders. The authors view first-generation R&D as inadequate; they see innovation as encompassing everything from start to finish, to create new products, services, processes and businesses.
In this enlightening book, a model organization is proposed-the next-generation (NG) company. This is an organization that is collaborative and networked, enabling people to communicate and work together as a team; it is also a knowledge-based learning machine, committed to innovation. NG managers encourage personal interactions and cross-fertilization. The key leadership role is that of the Chief Development Officer who inspires innovation and technology, develops new business, builds strategies, exploits intellectual property, and creates alliances. Many examples are presented to illustrate the NG concept, the framework of which involves strategy, process, resources, organization and learning.
This book presents an excellent macro view of innovative, innovating companies. It is imaginative and provides a compelling vision. Highly recommended. As reviewed by Yvette Borcia and Gerry Stern, editors of Stern's Management Review online, HRconsultant.com, founders, Stern & Associates and the Human Resources Knowledge Network, authors of Stern's SourceFinder: The Master Directory to HR and Business Information and Resources, Stern's Compensation and Benefits SourceFinder, and Stern's CyberSpace SourceFinder.
Average customer rating:
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Competitiveness In Research And Development: Comparisons And Performance
Adam Torok ,
Balazs Borsi , and
Andras Telcs
Manufacturer: Edward Elgar Publishing
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Binding: Hardcover
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ASIN: 1843769212 |
Book Description
This book builds on the premise that the effectiveness of national efforts to increase spending on R&D can be approximated by the competitiveness of that economy in international markets. Building on a number of existing `benchmarking' studies that have to date only ranked countries according either to their R&D indicators, or their performances in innovation, this is the first book to offer a synthesized assessment of the R&D competitiveness of national economies based on both input and output related indicators. Several quantitative methods are used to combine these lists with a wide variety of R&D indicators. The book confirms one of the major premises of the Lisbon Strategy - that Europe is significantly lagging behind its overseas competitors in R&D.
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Competitiveness Matters: Industry and Economic Performance in the U.S.
Manufacturer: University of Michigan Press
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Binding: Hardcover
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ASIN: 0472109839 |
Book Description
This book argues, against the current view, that competitiveness--that is, the competitiveness of the manufacturing sector--matters to the long-term health of the U.S. economy and particularly to its long-term capacity to raise the standard of living of its citizens. The book challenges the arguments popularized most recently by Paul Krugman that
competitiveness is a dangerous obsession that distracts us from the question most central to solving the problem of stagnant real income growth, namely, what causes productivity growth, especially in the service sector.
The central argument is that, if the U.S. economy is to achieve full employment with rising real wages, it is necessary to enhance the competitiveness of its tradable goods sector. The book shows that current account deficits cannot be explained by macroeconomic mismanagement but are rather the consequence of an uncompetitive manufacturing sector. It finds that the long-term health of the manufacturing sector requires not only across-the-board policies to remedy problems of low or inefficient investment, but also sectoral policies to address problems that are strategic to resolving the balance of payments problems. Lessons are drawn from the experience of some European and Asian countries.
This book will be of interest to economists, political scientists, and business researchers concerned with the place of the manufacturing sector in overall health of the U.S. economy, with issues of industrial policy and industrial restructuring, and with the conditions for rising standards of living.
Candace Howes is Associate Professor, Barbara Hogate Ferrin Chair, Connecticut College. Ajit Singh is Professor of Economics, Queens College, Cambridge.
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Germany's Technological Performance (ZEW Economic Studies)
H. Legler ,
G. Licht , and
A. Spielkamp
Manufacturer: Physica-Verlag Heidelberg
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Binding: Paperback
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ASIN: 3790812811 |
Book Description
The research results presented in this book are part of the continuous reporting on the technological performance of the German economy. The indicators of technological performance show a high efficiency of the German innovation system in the short term. With respect to the medium and longer term, however, the expansion of the R&D-intensive sectors, R&D activities in general and start-ups do not seem to be strong enough, and the service sector lacks prominent features in international comparison. While there are potentials, they are not sufficiently being mobilised. The strength of the German innovation system lies in advanced technologies. But Germany is also the technological leader in some areas. Being a "fast follower" by quickly integrating new technologies in innovative products and processes should prove a successful strategy. Innovation policy should promote solutions in all parts of the economy and society.
Books:
- In Defense of Globalization
- Interest Rate Models - Theory and Practice: With Smile, Inflation and Credit (Springer Finance)
- Introduction to International Economics
- Introduction to Paralegalism: Perspectives, Problems, and Skills, 6E (West Legal Studies Series)
- Introductory Econometrics: A Modern Approach (with Economic Applications Online, Econometrics Data Sets with Solutions Manual Web Site Printed Access Card)
- Knowing and Teaching Elementary Mathematics: Teachers' Understanding of Fundamental Mathematics in China and the United States (Studies in Mathematical Thinking and Learning.)
- Labor Economics
- Labor Relations in the Public Sector, Third Edition (Public Administration and Public Policy)
- Logistics & Supply Chain Management: creating value-adding networks (3rd Edition) (Financial Times Series)
- Man, Economy, and State with Power and Market (Scholars Edition)
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