This book is about innovation ecosystems, Clusters of Innovation (COI) and the Global Networks of Clusters of Innovation (GNCOI) they naturally form. What is innovation and why is it important to us? Innovation is nothing less than the ability for constructive response and adaptation to change. The cause and catalyst for that change is frequently identified as technology and its unceasing pressure to improve on existing solutions and address unmet needs. The last decade has painfully demonstrated that exogenous environmental shocks are also sources of change that call for innovative responses, ranging from the obvious challenges such as global warming and Covid-19 to the more subtle social and political perturbations of our time.
It used to take years or even decades for disruptive innovations to dethrone dominant products and services. But now any business can be devastated virtually overnight by something better and cheaper. How can executives protect themselves and harness the power of Big Bang Disruption? Just a few years ago, drivers happily spent more than $200 for a GPS unit. But as smartphones exploded in popularity, free navigation apps exceeded the performance of stand-alone devices. Eighteen months after the debut of the navigation apps, leading GPS manufacturers had lost 85 percent of their market value. Consumer electronics and computer makers have long struggled in a world of exponential technology improvements and short product life spans. But until recently, hotels, taxi services, doctors, and energy companies had little to fear from the information revolution. Those days are gone forever. Software-based products are replacing physical goods. And every service provider must compete with cloud-based tools that offer customers a better way to interact. Today, start-ups with minimal experience and no capital can unravel your strategy before you even begin to grasp what’s happening. Never mind the “innovator’s dilemma”—this is the innovator’s disaster. And it’s happening in nearly every industry. Worse, Big Bang Disruptors may not even see you as competition. They don’t share your approach to customer service, and they’re not sizing up your product line to offer better prices. You may simply be collateral damage in their efforts to win completely different markets. The good news is that any business can master the strategy of the start-ups. Larry Downes and Paul Nunes analyze the origins, economics, and anatomy of Big Bang Disruption. They identify four key stages of the new innovation life cycle, helping you spot potential disruptors in time. And they offer twelve rules for defending your markets, launching disruptors of your own, and getting out while there’s still time. Based on extensive research by the Accenture Institute for High Performance and in-depth interviews with entrepreneurs, investors, and executives from more than thirty industries, Big Bang Disruption will arm you with strategies and insights to thrive in this brave new world.
Management experts discuss the innovation challenges that lie ahead, building on Clayton Christensen's famous theory of "disruptive innovation." Clayton Christensen's groundbreaking theory of "disruptive innovation" has proven to be one of the most influential management ideas of the last several decades. In this book, business and management experts--many of them Christensen's colleagues and former students--discuss the innovation challenges that lie ahead. Building on Christensen's work, they offer companies a guide for navigating a new world of disruption--a future in which artificial intelligence is a business tool, the speed of innovation increases dramatically, and capital is more easily accessible. The book also includes one of the last interviews with Christensen before his death in January 2020.
The proliferation of entrepreneurship, technological and business innovations, emerging social trends and lifestyles, employment patterns, and other developments in the global context involve creative destruction that transcends geographic and political boundaries and economic sectors and industries. This creates a need for an interdisciplinary exploration of disruptive technologies, their impacts, and their implications for various stakeholders widely ranging from government agencies to major corporations to consumer groups and individuals. Disruptive Technology: Concepts, Methodologies, Tools, and Applications is a vital reference source that examines innovation, imitation, and creative destruction as critical factors and agents of socio-economic growth and progress in the context of emerging challenges and opportunities for business development and strategic advantage. Highlighting a range of topics such as IT innovation, business strategy, and sustainability, this multi-volume book is ideally designed for entrepreneurs, business executives, business professionals, academicians, and researchers interested in strategic decision making using innovations and competitiveness.
Groundbreaking in its range of disciplines and cultural backgrounds, Thinking through Science and Technology explores how individual and societal beliefs, values, and actions are transformed by science, technology, and engineering. Practical and theoretical insights from philosophers, policymakers, STS scholars, and engineers illuminate the promise, perils, and paradoxes that arise with technoscientific change. This collection of original research develops a philosophical understanding of technology and its inscription in a wider web of social and political meanings, values, and civilizational change. It explores foundational beliefs at the core of engineering education and practice, with an emphasis on the movement of ideas between Western and Chinese scholars, as well as the complex interwoven relationship between ideas from religion, science, and technology as they have evolved in the West. Contributors also critically examine the forces and frameworks that shape the development and evaluation of scientific practice and the innovation and adoption of technology, with an emphasis on national and global policy. The volume offers a critical and timely reflection on science and technology that counters trends toward technological optimism, on the one hand, and disciplinary and cultural regionalization, on the other. Chapters written by prominent and promising scholars from around the world make this a global resource; its breadth and clarity make it a superb introduction for those new to its fields. It serves as an essential reference for established scholars as well as anyone seeking a more comprehensive understanding of social and technoscientific entanglements that permeate contemporary life. List of contributors: Gordon Akon-Yamga, Jennifer Karns Alexander, Andoni Alonso, Pamela Andanda, Larry Arnhart, Li Bocong, Albert Borgmann, Adam Briggle, Jose A. López Cerezo, Mark Coeckelbergh, Daniel Cérézuelle, Neelke Doorn, Jean-Pierre Dupuy, Andrew Feenberg, Jose Luís Garcia, Tricia Glazebrook, Janna van Grunsven, J. Britt Holbrook, Helena Jerónimo, Tong LI, Yongmou LIU, Lavinia Marin, Glen Miller, Carl Mitcham, Suzanne Moon, Byron Newberry, Jean Robert, Sabine Roeser, Taylor Stone, Sajay Samuel, Daniel Sarewitz, Jen Schneider, José Antonio Ullate, Carlos Verdugo-Serna, Nan WANG.
This book is about understanding technology using the perspective of systems. It addresses the need for an accessible approach to understanding the broad range of technological devices and systems that create the modern world. Understanding technological systems offers an introduction to engineering and technology centered on the underlying structure common to all technological objects. This framework views technological systems as created using components to provide specific capabilities or functions. Components contributing well-defined functions interact with other components to create systems. Major topics include the concepts of technological function and the embedding of functional capabilities in physical components, the hierarchical nature of systems, and the clustering of related systems into technological domains. The book fills the gap between engineering science and engineering design.
Discover the six counter-conventional mindsets to be a changemaker In Break the Rules!: The Six Counter-Conventional Mindsets of Entrepreneurs That Can Help Anyone Change the World, celebrated London Business School entrepreneurship professor, keynote speaker, and best-selling author Dr. John Mullins delivers an eye-opening and insightful exploration of what sets successful entrepreneurs apart from other business people and from those who fail to reach their goals. You’ll discover a compelling argument that successful entrepreneurs exhibit one or more of the six break-the-rules mindsets revealed in this book. Each of these six mindsets can be learned, practiced, and built upon—by anyone, in any business setting large or small, old or new—, to create thriving businesses that grow and prosper. Mullins draws on over two decades of research to show you how to do exactly that. You’ll also find: Explanations of why the six break-the-rules mindsets fly in the face of conventional business and business school wisdom Strategies for dealing with, skating around, or otherwise overcoming the daunting obstacles that stand in every innovator’s way Ways to challenge assumptions and mitigate risk in order to take advantage of opportunities that present themselves along your entrepreneurial path Steps you can take now to make one or more of these mindsets your own. An essential new take on entrepreneurship and on what it takes to be or become more “entrepreneurial,” Break the Rules! sheds new light on an oft-discussed—but rarely understood—area of business.
This book looks at the uncharted territory between innovation activities and place making efforts to cultivate them. ‘Geographies of Disruption’ aims to fill that gap by exploring the growing importance of place making for knowledge generation and innovation activities in contemporary cities, and providing an in-depth understanding of both theoretical and practical aspects of innovation geographies and the conditions that help their emergence and growth. This book underlines the growing importance of knowledge generation and innovation activities for the competitiveness of cities and their regions. It provides an in-depth and comprehensive understanding of both theoretical and practical aspects of knowledge-based urban development and its implications and prospects for cities and regions. This pioneering book contributes to the conceptualisation and practice of innovation geographies by disseminating both conceptual and empirical research findings with real-world best practice applications. With a multidisciplinary approach to themes of technology and urban development, this book is a key reference source for scholars, practitioners, consultants, city officials, policymakers and innovation study enthusiasts.
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The term disruptive innovation was given in the year 1995 by Clayton M. Christensen and is regarded as one of the most influential and important innovations of the 21st century. Disruptive innovation refers to the innovation that helps in creating new market and value network in place of the existing market, and value network which leads to the disruption of the market-leading firms, alliances, and products that had already been established earlier. Each and every innovation cannot be regarded as a disruptive innovation even if they are bringing about change in the existing system. In accordance with the Theory of Disruptive Innovation, disruptive innovation has been classified into two types - "low-end disruption" and "new-market disruption". The low-end disruption is a type of disruption that occurs when the changes within the product take place at a higher rate than the customers are able to adapt to the changes made within the product. The new-market disruption occurs when a new product emerges in the market that has not been served earlier by any of the incumbents of the industry and that fits itself within the new or emerging market segment. The process of disruptive innovation is considered important for business leaders because of the benefits that it provides to the customers of the market. A disruptive innovator provides the products at a favorable price to its customers as well as years at creating a new and improvised value of his/her product by making additional changes in the product. The process of disruptive innovation has been proven beneficial for executives also. The first disruptive innovation was encountered by the human beings in around 10,000 BC in the Middle East, and since then it has continued to take place.
