Convergenomics: Strategic Innovation in the Convergence Era
Convergenomics is about the megatrends that are shaping how people behave and organizations work. In this insightful analysis, Sang Lee and David Olson describe how globalization, digitization, changing demographics, changing industry mix, deregulation and privatization, commoditization of processes, new value chains, emerging new economies, deteriorating environment, and cultural conflicts have led to what they define as a convergence revolution. Lee and Olson discuss this convergence revolution from the perspectives of technology, industry, knowledge, open-source networking and bio-artificial convergence, and they explain how human systems are transformed by what they have named convergenomics. Understanding convergenomics can lead to innovative strategic approaches and, the authors contend, more agile businesses are already employing these approaches to become and remain competitive and to generate greater value in a world radically changed by e-commerce. Business leaders and 'students' of strategy at all levels will learn from this book how revolutionary developments can be embraced rather than feared, and how technology that is potentially frightening in its complexity can be harnessed and used to enable productive collaboration and gain competitive advantage.
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ability advances airline applications areas better biology biotechnology business models business process century China Chinese collaboration companies competitive advantage complex consumers convergence revolution convergenomics cost CPFR create cultural customer value demand deregulation Digital convergence e-business e-global age efficient electronic enabled engineering enterprise information systems enterprise resource planning Evidence of Convergence evolved eWeek example firms focus forecasting functions genetic global economy global strategy Harvard Business human ibid impact implementation improve industry convergence information technology integration inventory involves Journal Kurzweil lead linked Management manufacturing megatrends molecular technology nanotechnology Nike open innovation open-source operations opportunities organizational organizations outsourcing potential problems retail service oriented architecture service-oriented architecture strategic innovation supply chain Technological Convergence Technology Convergence users utilize value chain value creation vendor managed inventory vendors Wal-Mart Web Services yield management York