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Ideal for business students, business managers, and corporate
senior executives, this book distills the lessons learned from the
disasters that have befallen companies that were unable to cope
with disruptive technologies. In recent decades, technology has
changed rapidly to the point that it can very quickly affect a
seemingly impregnable company or industry. Unexpected technological
developments enable innovators to offer new products and services
that threaten incumbents. In order to survive, existing firms must
be able to see a disruption on the horizon and figure out how to
respond. The Search for Survival: Lessons from Disruptive
Technologies examines organizations that failed to develop a
strategy for coping with a technological disruption and have
suffered greatly or even gone out of business. The first chapter
presents a model of how firms can respond to and hopefully survive
a disruptive technology. Each following chapter focuses on firms
that have failed to survive or whose future is in doubt,
accompanied by an extensive, detailed discussion of the lessons
learned from each company or field's failings, covering examples
from industries such as recorded music, book publishing, video,
newspaper, and higher education.
From iPods to EZPass technology to YouTube to eGovernment
initiatives, the impact of technology is changing our lives more
and more each day. This book, a counterpart to a Maryland Public
Television documentary, chronicles how and why and shows ways
people can take advantage of the "revolution" in their personal and
professional lives. As technology expert Henry C. Lucas, Jr.,
argues, the fundamentals of business and the economy--not to
mention the details of daily life--are changing in every market, in
every industry, and in every nation. This book explores the most
significant of these technology-enabled transformations to help
readers understand and appreciate the opportunities and threats
presented by a new, technology-driven global economy. Among other
things, Inside the Future demonstrates that: -A revolution in
technology is transforming business and the way individuals live
and work. -It's essential to adapt to change. Resisting
technological advances is futile, and countries or people that fall
behind in technology may never catch up. -The U.S. needs to prepare
current and future workers for an economy that incorporates
technology in every business process, an economy in which there are
almost no constraints from time and place, and an economy in which
most hierarchical organizations disappear. -The future
competitiveness of the country depends on our ability to innovate
and implement change enabled by technology. This revolution is
leaving no person or organization untouched. From business to
education and healthcare, the digitization and mobilization of
every process affects us all. Yet this isn't a book about
technology, but one that shows how people and organizations
canadapt technology to transform their businesses as well as create
a more productive, satisfying personal life. Readers will gain a
new awareness of how leading organizations apply IT to create
transformations, and how they can use technology to improve their
lives, remain competitive in the workforce, and survive in this new
age of constant change and re-invention.
Universities for years have been the bright spot in our educational
system. Today, these institutions are under siege from multiple
constituencies including students, parents, legislators, government
officials and their own faculties. Education has historically been
a way for students to improve their lives and fortunes. However,
the rising costs of college are a barrier to access for many
students, reducing their chances for upward mobility.Is technology
the solution, or is it just another costly problem for
universities? The purpose of this book is to explore how new
technology has the potential to transform higher education.
However, this same technology also has the potential to disrupt
universities. Much depends on how administrators, faculty and
students apply technologically enhanced learning.Technology and the
Disruption of Higher Education presents details on MOOCs, blended,
flipped and online classes and their role in transforming higher
education based on the author's experiences teaching all of these
types of courses. These technology-enabled approaches to teaching
and learning offer tremendous opportunities to schools, but they
also threaten the traditional university. The book identifies some
of these threats and opportunities and offers suggested strategies
to take advantage of the technology.Is this technology enough to
save the university system? While new ways of teaching and learning
are exciting, they are only part of the puzzle. Radical change
beyond what happens in the classroom is needed if our higher
education system is to continue to flourish and some of these ideas
are discussed in the last chapter of the book. The book is a call
to action for educators to realize that the technology is both
transformational and disruptive, and that some universities are
going to fail in the next 15 years.
Universities for years have been the bright spot in our educational
system. Today, these institutions are under siege from multiple
constituencies including students, parents, legislators, government
officials and their own faculties. Education has historically been
a way for students to improve their lives and fortunes. However,
the rising costs of college are a barrier to access for many
students, reducing their chances for upward mobility.Is technology
the solution, or is it just another costly problem for
universities? The purpose of this book is to explore how new
technology has the potential to transform higher education.
However, this same technology also has the potential to disrupt
universities. Much depends on how administrators, faculty and
students apply technologically enhanced learning.Technology and the
Disruption of Higher Education presents details on MOOCs, blended,
flipped and online classes and their role in transforming higher
education based on the author's experiences teaching all of these
types of courses. These technology-enabled approaches to teaching
and learning offer tremendous opportunities to schools, but they
also threaten the traditional university. The book identifies some
of these threats and opportunities and offers suggested strategies
to take advantage of the technology.Is this technology enough to
save the university system? While new ways of teaching and learning
are exciting, they are only part of the puzzle. Radical change
beyond what happens in the classroom is needed if our higher
education system is to continue to flourish and some of these ideas
are discussed in the last chapter of the book. The book is a call
to action for educators to realize that the technology is both
transformational and disruptive, and that some universities are
going to fail in the next 15 years.
From networks to databases, email to voicemail, the amount of
capital being invested in information technology each year is
staggering. By 1996, U.S. firms were spending more than $500
billion annually on software, networks and staff. The recently
merged Bank of America and NationsBank have an initial IT budget of
4 billion dollars. As firms like this push rapidly into the
business world of the 21st century, the question has remained: how
do firms measure returns from these substantial investments in
information technology?
Henry C. Lucas, effectively answers this question by providing a
creative and reliable framework for measuring the competitive
advantages and profits gained through investments in
state-of-the-art information systems. There is value in information
technology, and it is possible to show returns, Lucas
argues--unfortunately this value just doesn't always show up
clearly on the bottom line of a ledger. In five expertly presented
sections, he spells out exactly what businesses can expect from
their information technology investments--some investments create a
measurable value, some do not, but all are important nonetheless.
Through a precise mix of frameworks and models, such as an
Investment Opportunities Matrix, and punctuated with real examples
from successful firms, this is the first book to allow executives
to see exactly how their information technology investment can be
expected to return value, thereby maximizing their advantages in an
age of global competitiveness.
Indeed, firms who manage their information systems most
efficiently are best suited to succeed in a rapidly evolving
marketplace. With so much at stake, Information Technology is
certain to be the essential guide for firms determined to compete
and flourish in the highly competitive economy of the next century.
In the roaring 1990s, many companies seemed to claim great
victories-acquiring another company, obtaining state-of-the art
technology, or hiring a potential CEO savior-only to find that they
had made a great mistake. The term "Winner's Curse" was coined by
economists to explain an effect commonly observed in auctions. In
such situations, since the winning bidder is usually the most
optimistic about the value of the item being auctioned, there is a
very good chance that the bid will be more (sometimes much more)
than the item is worth. So a company that overvalues a good or
service, or bids higher than its value has the potential of
experiencing this Winner's Curse.
In this book, G. Anandalingam and Henry C. Lucas, Jr. expand the
model of the Winner's Curse to explain how companies like Tyco,
MCI-WorldCom and Bank One overpaid for acquisitions, and how
shareholders suffered as a result. They elucidate the disasters
that happened during the rush to acquire new technologies and
illuminate the reasons that companies that were seemingly pioneers
in the dot-com era fell by the wayside. Beginning by exploring the
psychological, personal and market factors that can encourage a
decision maker to overvalue an asset and experience the Winner's
Curse, the book goes on to examine several case studies, including
the disastrous wireless spectrum auctions that have devastated the
telecommunications industry, and the dot-com bust. It concludes by
discussing ways to avoid the Winner's Curse, calling for major
changes in the behavior of CEOs and members of boars of directors,
as well as the use of powerful techniques for analyzing decisions,
including a systems approach to decision making, scenario analysis
and game theory.
Presents a structural model of information system implementation
and tests using data from several independent system implementation
efforts. This book includes a review of past implementation
research, an explanation of the basis for the structural model's
mathematical properties, and descriptions of two field tests of the
model.
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