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.
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