10-594f11 - Global Innovation Management Global Innovation...

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Unformatted text preview: Global Innovation Management Global Innovation Management Chapter 10: COMMUNITIES, NETWORKS AND COMMUNICATION Global Innovation Management Networked Economies Network industries play a crucial role in modern life The modern economy would be very much diminished without the transportation, communications, information, and railroad networks Most of the major information industries are also either network industries or share many essential economic features with network industries. Global Innovation Management Network Effects Networks have long been a progenitor of radical change in business Networks of canals, rails and highways fomented a huge economic shift over a century ago the shift from an agricultural to industrial economy at the end of the 19th century Railroads accounted for almost 15% of U.S. GDP at the end of the 19th century similar to IT around the year 2000 With railroads, farmers were no longer tethered to the farmers markets of their local village They began growing large surpluses of grains for distribution throughout the U.S. Railroads had made distance irrelevant (or perhaps less relevant) Global Innovation Management Netwroks and the Right of Universal Access Universal access was important, especially to farmers For example, the state of Iowa enacted legislation that required railroads to provide service to within six miles (one days buggy ride) of any farm in the state Trustbusters worried about unhealthy synergies between network industries such as electricity, oil pipelines, telephone, and telegraph which could benefit from the railroads long, uninterrupted rights of way The Texas Railroad Commissioner grew to be one of that states power brokers when oil was discovered at Spindletop at the turn of the century he controlled the flow of oil along the pipelines that followed the rails. Global Innovation Management Visualizing a Network Nodes are things; Links are associations Global Innovation Management Complementarity & Standards A phone call from A to B is composed of the access to the switch of customer A, the access to the switch of customer B, and...
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This note was uploaded on 11/02/2011 for the course IDS 594 taught by Professor Staff during the Fall '08 term at Ill. Chicago.

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10-594f11 - Global Innovation Management Global Innovation...

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