ADMS 1000 Lecture Notes - Michael L. Tushman, Technological Forecasting And Social Change, Technology Life Cycle

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: All

Document Summary

Lecture 5 the technological context & midterm review june 12. Technological discontinuities can be: competence-enhancing, or, competence-destroying. Technological innovation leads to the creative destruction (schumpeter, 1942) Abernathy and utterback propose the technology lifecycle model to explain how rates of product and process innovation evolve during from the fluid, to transitional to specific phase of the technology. Technological discontinuities appear at rare and irregular intervals and can dramatically alter an industry"s structure. Foster"s s-curves predicts new technological transition once the physical limits to the current technology reach a plateau: moore"s law and microprocessors. Textbook chapter 1 (case: sam the record man) The economic context: the factors of production, types of economic systems, types of competition, economic indicators. The components of corporate governance: shareholders, boards of directors, managers . The problem of agency (principal agent: what is it and why does it exist, solutions: aligning incentives through stock options + effective monitoring by independent board of directors.