By Professor Homa Bahrami, Dr. Stuart Evans (auth.)
Living with uncertainty is a daily fact for many company entities at the present time. this is often specifically the case for knowledge-intensive firms, akin to these in expertise, monetary companies, biotechnology and telecommunications, the place new recommendations and transferring buyer personal tastes can seriously change aggressive dynamics. The concentration of the book is on how wisdom businesses can harness uncertainty via turning into super-flexible. in response to over two decades of box study and functional adventure in Silicon Valley’s expertise environment, the authors current conceptual frameworks, illustrative examples and functional classes for strategizing, organizing and handling knowledge-based organisations in turbulent settings.
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Extra resources for Super-Flexibility for Knowledge Enterprises
Living on the cutting edge of uncertainty, nothing stays stable for long. Emerging technologies transform competitive landscapes almost overnight. New start-ups keep the incumbents on their toes. Multi-cultural entrepreneurs bring in diverse recipes from all over the world. Knowledge workers change roles and move between assignments. New players enter arenas from unexpected directions; and today’s successful “quasars” become tomorrow’s “black holes”. Although Silicon Valley has endured several economic downturns during the past 20 years, it continues to be a global center for high tech innovation and entrepreneurship.
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This does not mean that it has a guaranteed future. Many have to re-position and re-invent themselves to address emerging market needs, as indicated by the HP-Compaq merger in recent years, or Intel’s exit from the memory chip business during the 1980s (Burgelman 2002). However, in general, established technology firms are viewed as significant industry players. Evolution through each stage depends on several factors: industry growth rates, market acceptance of new technologies, managerial competence, luck, and timing.