Wired for Innovation: How Information Technology Is Reshaping the Economy

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MIT Press, Sep 11, 2009 - Business & Economics - 176 pages
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A wave of business innovation is driving the productivity resurgence in the U.S. economy. In Wired for Innovation, Erik Brynjolfsson and Adam Saunders describe how information technology directly or indirectly created this productivity explosion, reversing decades of slow growth. They argue that the companies with the highest level of returns to their technology investment are doing more than just buying technology; they are inventing new forms of organizational capital to become digital organizations. These innovations include a cluster of organizational and business-process changes, including broader sharing of information, decentralized decision-making, linking pay and promotions to performance, pruning of non-core products and processes, and greater investments in training and education.Innovation continues through booms and busts. This book provides an essential guide for policy makers and economists who need to understand how information technology is transforming the economy and how it will create value in the coming decade.
 

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Too academical, not very useful for people not dedicated to achieve a phd. Read full review

Contents

1 Technology Innovation and Productivity in the Information Age
1
2 Measuring the Information Economy
15
3 ITs Contributions to Productivity and Economic Growth
41
4 Business Practices That Enhance Productivity
61
5 Organizational Capital
77
6 Incentives for Innovation in the Information Economy
91
7 Consumer Surplus
109
8 Frontier Research Opportunities
117
Notes
129
Bibliography
135
Index
149
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