MGCR 423 Lecture Notes - Lecture 1: Technology Adoption Life Cycle, Competitive Advantage, Information Age
Document Summary
21st century competition is affected and characterized by: Increasing economic dependence among countries and their organizations as reflected in the flow of g&s, financial capital and knowledge across country borders. The global economy: g&s, people, skills and ideas move freely across geographic borders, unfettered by artificial constraints like tariffs, the global economy significantly e(cid:454)pa(cid:374)ds a(cid:374)d co(cid:373)plicates a fir(cid:373)"s co(cid:373)petitive e(cid:374)vironment. Rapid technological change: three categories that significantly alter the nature of competition and as a result contributing to highly dynamic competitive environments, technology diffusion and disruptive technologies. Information age: internet and the global proliferation of low-cost computing power. Increasing knowledge intensity as an intangible source of competitive advantage. Increasing importance of knowledge and people: knowledge (information, intelligence and expertise) is the basis of technology and its application. It is a critical organizational resource and an increasingly valuable source of competitive advantage. Strategic competitiveness: achieved when a firm successfully implements and formulates a value-creating strategy.
