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10-594f11 - GlobalInnovation Management Chapter10...

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  Global Innovation Management Global Innovation  Management Chapter 10: COMMUNITIES,  NETWORKS AND  COMMUNICATION
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  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. 
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  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)
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  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 day’s 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 state’s  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.
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  Global Innovation Management Visualizing a Network Nodes are things; Links are associations
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  Global Innovation Management Complementarity & Standards A phone call from A to B is composed of  the access to the switch of customer A, 
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