The take-off point for the innovations that we at one time call(a) the new economy is loosely traced to 1985, when Michael Porter developed his value chain analysis. But redbrick economics and the root of the theory of the firm began long originally that, in 1776, with the publication of Adam Smiths treatise, The Wealth of Nations. Since then, of course, technological, cultural and another(prenominal) changes have shaken the theories underpinning economic activity.
Recognizing this, the SEI Center for Advanced Studies in Management at Wharton asked four experts to consider how executives can shambling sense of the changing environment. As part of a handsome research project, the SEI Center is distributing a survey to senior executives universal reflecting this theme.
Taking part in the discussion, moderated by friendship@Wharton, ar Colin Crook, former chief technology officer at Citibank and now a senior fellow at Wharton; Jerry Wind, academic managing director of the SEI Center; Len Lindegren, former Global Strategy Leader at PricewaterhouseCoopers and now a senior fellow at the SEI Center, and capital of Minnesota R. Kleindorfer, Wharton professor of operations and information management. Earlier this year, they collaborated on a paper titled, Toward a New Theory of the Firm. Below is an modify transcript of their comments.
Knowledge@Wharton: In looking at all the changes taking place today in the global marketplace, what ar key areas that companies should be focusing on?
Crook: I would say that sustained innovation is the most fundamental issue. thither is a massive discrimination between those financial companies that are innovating in terms of growth and profitability, and those that are not.
Read to a greater extent About...
risk management, supply chain, customer satisfaction, microfinance, global economy
Articles
Not So Golden: Employees -- and Employers -- Feel the Pinch from Shortfalls in Retirement Funding
Knowledge@Wharton
One Former Investment Bankers Take on Restoring the Financial Quality, Integrity...If you deficiency to get a full essay, order it on our website: Orderessay
If you want to get a full essay, wisit our page: write my essay .
No comments:
Post a Comment