Transcript Management of (information) Technology

The role of technology in the
creation of wealth
The technomic perspective
Advances of technological
paradigm
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The
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stone age
bronze age
iron age
steam power age
electricity age
nuclear power age
electronics age
aerospace age
information age
biotechnology age
In search of the original of
wealth
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The driving forces
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Population
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Specialization trading pricing market
mechanism
Laissez-faire doctrine: the invisible hands
Capital
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Firm : organization
Technology: innovation
The visible hands’ participation & intervention
Adam Smith & Joseph
Schumpeter
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Production coordinated by the market price
mechanism
Comparative advantage & international
trading
Specialization, differentiation, distinctiveness
Competition & rent-seeking behavior
Innovative destruction
Monopoly is the compensation of innovation
The facilitators of wealth
growth
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The protection of property rights
Resolve the problem of free-riding
The enforcement of formal rules
Allow the existence of the private
informal rules
Rescue the problem of market failure
The long-wave cycle
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The take-off power of investment
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The limits of capital investment
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Barrier of productivity
The economic depression long-term cycle
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Robert Solow, 1987 Nobel prize winner
The short-term recession cycle
The quality of investment
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Breakthrough of technological paradigm
Education on innovational potential
The wealth growth
f(K, T3)
products
f(K, T2)
f(K, T1)
Capital investment
Technology cycle,
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Betz(1987)
Science pushes technological innovation
New technological innovation develops the product
opportunity
New product opportunity creates the production industry
Product & production refine and redefine the market
Market expansion
New entrants and the surplus of production capacity
Profit erosion by the price competition
Market consolidation and firm exit
Frustration of financial market and economic recession
New paradigm extrusion brings about the new investment
confidence
Evolution of production
technology
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Before scientific management
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Agricultural cooperative industry
Scientific management age
Organizational & industrial relation age
Operation Research age (World War I,II)
Computer-aided analysis age (1950s)
CNC automation age
Cybernetics & integration models
Personal computer facilitated age
Shift of technological paradigm- network penetration
and new management style
Evolution of product
technology
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Mechanical weaving & steam engine
Telegraph & telephone
Motor & Fright
Television & calculator
IC & Laser
CPU & NMR
Technology and national
economy
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Mission-oriented technology policy
Diffusion-oriented
Employment-oriented
Export-oriented
Search the key advantage from the
perspective of global economy
Extended reading
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Review the recent reports on the new emerging
giants in the future economic blocs (golden
bricks). (This report issued by Goldman Sachs is available now at
http://www.gs.com/insight/research/reports/99.pdf)
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The
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dragon: China
bull: India
lion: Brazil
bear: Russia
Think over this forecasting and propose your
comments