Blog Assignment #7 (Due: Mar 23 11:59 pm): Read a chapter that your group did not sign up to present in the e-book entitled 10 radical strategies for the new economy. Post a blog to discuss how the topic is related to knowledge management.
In chapter 5 of the radical strategies for the new economy stragies are discussed based on what phase a network is in. There is a prestandard phase with high innovation, high hopes, and high ambition. There are no experts in this phase so everyone is an expert and can compete. Easy entry draws many competitors.
Two examples of networks in this stage are online video and e-money. There are many competing methods with equal prospects. Both ways have high uncertainty but both have equal hopes. Networks in this phase usually reduce to a few that shine above the others. During this time network demand is the most important part of survival.
The final stage in the cycle of networks is the embedded phase where one phase is widely accepted because of technology. One certain technique usually rises above the other and the continuously increasing technology of this technique keeps this way succeeding.
In any stage of innovation standards are valuable because they hasten innovation. Agreements are seen as constriants on uncertainty. The constraints pf one way allow for further innovation to accerlerate along its path. The main thing for success is to cultivate certainty that orgainzations must make the common standard for their first allegiance. As standards are established growth takes off.
Wednesday, March 23, 2011
Tuesday, March 1, 2011
Assignment 6
Blog Assignment 6: Discuss the implication(s) of the notion of flat world for knowledge-based companies.
According to Friedman, knowledge based companies are going to continue to be succesful in a flat world. Friedman says the best way to stay up with and ahead of the competition is to stay open minded and continue to have new ideas. This is basically what knowledge based companies already do. Some companies use their knowledge and aqcuire their knowledge in different ways but the goal for all knowledge based companies is the same. This goal is to have new ideas that improve the efficiency and overall success of the company. Friedman also talks about how new technologies often times make operations more difficult instead of making te operations easier and more efficient.
In todays industrys, everyone has a full supply and technologies and different options for every part of their business. Knowledge based companies are driven to more creative than their competitors. This creativity helps define the successful companies. Companies must be willing to listen to their customers and they have to br brave enough to make changes to fit their customers needs even if it is not the most popular or most update way of doing things.
According to Friedman, exploring socially responsible outsorcing is one way to help a company. Knowledge based companies that encourage social responsibility understand that employees have to be treated fair. Employees have to have a competitive salary and other benefits that keep them happy and learning.
According to Friedman, knowledge based companies are going to continue to be succesful in a flat world. Friedman says the best way to stay up with and ahead of the competition is to stay open minded and continue to have new ideas. This is basically what knowledge based companies already do. Some companies use their knowledge and aqcuire their knowledge in different ways but the goal for all knowledge based companies is the same. This goal is to have new ideas that improve the efficiency and overall success of the company. Friedman also talks about how new technologies often times make operations more difficult instead of making te operations easier and more efficient.
In todays industrys, everyone has a full supply and technologies and different options for every part of their business. Knowledge based companies are driven to more creative than their competitors. This creativity helps define the successful companies. Companies must be willing to listen to their customers and they have to br brave enough to make changes to fit their customers needs even if it is not the most popular or most update way of doing things.
According to Friedman, exploring socially responsible outsorcing is one way to help a company. Knowledge based companies that encourage social responsibility understand that employees have to be treated fair. Employees have to have a competitive salary and other benefits that keep them happy and learning.
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