Homework under quizzes- closed book with lockdown browser
final and midterm r in person
Radically changing business landscapes
business models and starts change rapidly based on new and evolving technology
social media
- used for new product ideas
- ethical ideas can be captured
It’s your revolution
- most big companies re created by young people
- ex- Kevin systrom was 26 when founded instagram
tech is everywhere and you need
- barely nay jobs that don’t use tech
- computing is getting cheaper so being used everywhere- vacuuums, radio, etc
Finance (ex where tech is)
- rapid change in tech leads to rapid change in industry landscape
- research in china and US shows that AI appraise that beat major trading indices as well
as traditional investment portfolio allocation
- also found i. Accounting and marketing
Law
- Activity has increased in- intellectual property, patents, privacy, piracy
- firms need legal treats with the skills to- determine whether a firm can legally fo what it
plans
02/03
danger of relying on technology
- Miche;a porters concepts are useful for firms attempting to achieve comparative
advantage
- fast followers problem exists when competitors= watch a pioneers efforts, learn from
their successes and musssteps, enter the market quickly with a comparable it superior
product at a lower cost before the first mover can dominate
- since tech can be copied so quickly followers can also be fast. Over 175 mattress firms
and almost none of them manufactur their own products
- compeititon between Facebook and Snapchat also shows the dangers if the fast follower
problem. Snap pioneered many f the videos and sharing features but Facebook
properties routin;y mimic snap features, implementing some on as little as four months
- snap growth tumbled 82 percent after insta stories was launched
, - fats follower problem exists when compeititos- watch a pioneers efforts, learn from their
successes
Tech and strategy lessons from the tragedy of TIVO (ex of danger technology)
- Q= why did tivo (DVR) fall as a consumer electronics firm? (Set cable box so dvr records
a show u missed and watch later)
- A= its technology was largely based on components avail to rivals such as off the shelf
processors, community hard drives (rather than tape or disc), open source Linux
operating system.
- their issues is that they didn’t look at things strategically (didn’t look at how else people
will Claire to them and people Coptic them that already have a following)
- rivals could enter the marker with a fraction if the development time required had they
needed to develop similar products from scratch
- uts biggest competition was from cable providers
- these firms had a distribution channle and existing customer base that tivo lacked
Different is good: fresh direct redefines the grocery landscape in NYC and beyond (another
example)
- created advantages to their company so that people wont be able to replicate the entire
strategy they had going on
- they had enough differences that catching up to them would be close to impossible
- they provide innovations such as= highly efficient worker shifts which lesssens labor
costs (work can be distributed between all he workers form. The beginning of the day so
unlike supermkaets where cashiers sit and do nothing if they are busy employees at
fresh direct they work is distrusted amount them meaning they are busy at a all hours of
the day), buying and preparing what is sells leading to less waste, higher inventory turns,
use of artificial intelligence, climate controlled rooms, recycled biodiesel fuel. Also the sit
time of the shelves in the supermarkets is usually longer than fresh direct so you get
better quality and that matters when coming to seafood, meats, etc…
- buys directly form suppliers offering serve Al benefits in exchange for more favorable
items= carrying more se,Kitiona of supplier products while eliminating “slotting fees”,
cobranding products, paying partners in days rather than weeks, sharing data helps
improve supplier sales and operation (you have to put in ur data so they know who you
are and can gather better stats unlike where a super market doesn’t pay attention to that
unless you decide to put in ur email and become a member)
but what kind of differences?
- resources based view of competitive advantage
powerful resources
- being aware of major sources of competitive advantages can help managers- recognize
an organizations opportunities and vulnerabilities, brainstorm winning strategies
imitation resistant value chains
final and midterm r in person
Radically changing business landscapes
business models and starts change rapidly based on new and evolving technology
social media
- used for new product ideas
- ethical ideas can be captured
It’s your revolution
- most big companies re created by young people
- ex- Kevin systrom was 26 when founded instagram
tech is everywhere and you need
- barely nay jobs that don’t use tech
- computing is getting cheaper so being used everywhere- vacuuums, radio, etc
Finance (ex where tech is)
- rapid change in tech leads to rapid change in industry landscape
- research in china and US shows that AI appraise that beat major trading indices as well
as traditional investment portfolio allocation
- also found i. Accounting and marketing
Law
- Activity has increased in- intellectual property, patents, privacy, piracy
- firms need legal treats with the skills to- determine whether a firm can legally fo what it
plans
02/03
danger of relying on technology
- Miche;a porters concepts are useful for firms attempting to achieve comparative
advantage
- fast followers problem exists when competitors= watch a pioneers efforts, learn from
their successes and musssteps, enter the market quickly with a comparable it superior
product at a lower cost before the first mover can dominate
- since tech can be copied so quickly followers can also be fast. Over 175 mattress firms
and almost none of them manufactur their own products
- compeititon between Facebook and Snapchat also shows the dangers if the fast follower
problem. Snap pioneered many f the videos and sharing features but Facebook
properties routin;y mimic snap features, implementing some on as little as four months
- snap growth tumbled 82 percent after insta stories was launched
, - fats follower problem exists when compeititos- watch a pioneers efforts, learn from their
successes
Tech and strategy lessons from the tragedy of TIVO (ex of danger technology)
- Q= why did tivo (DVR) fall as a consumer electronics firm? (Set cable box so dvr records
a show u missed and watch later)
- A= its technology was largely based on components avail to rivals such as off the shelf
processors, community hard drives (rather than tape or disc), open source Linux
operating system.
- their issues is that they didn’t look at things strategically (didn’t look at how else people
will Claire to them and people Coptic them that already have a following)
- rivals could enter the marker with a fraction if the development time required had they
needed to develop similar products from scratch
- uts biggest competition was from cable providers
- these firms had a distribution channle and existing customer base that tivo lacked
Different is good: fresh direct redefines the grocery landscape in NYC and beyond (another
example)
- created advantages to their company so that people wont be able to replicate the entire
strategy they had going on
- they had enough differences that catching up to them would be close to impossible
- they provide innovations such as= highly efficient worker shifts which lesssens labor
costs (work can be distributed between all he workers form. The beginning of the day so
unlike supermkaets where cashiers sit and do nothing if they are busy employees at
fresh direct they work is distrusted amount them meaning they are busy at a all hours of
the day), buying and preparing what is sells leading to less waste, higher inventory turns,
use of artificial intelligence, climate controlled rooms, recycled biodiesel fuel. Also the sit
time of the shelves in the supermarkets is usually longer than fresh direct so you get
better quality and that matters when coming to seafood, meats, etc…
- buys directly form suppliers offering serve Al benefits in exchange for more favorable
items= carrying more se,Kitiona of supplier products while eliminating “slotting fees”,
cobranding products, paying partners in days rather than weeks, sharing data helps
improve supplier sales and operation (you have to put in ur data so they know who you
are and can gather better stats unlike where a super market doesn’t pay attention to that
unless you decide to put in ur email and become a member)
but what kind of differences?
- resources based view of competitive advantage
powerful resources
- being aware of major sources of competitive advantages can help managers- recognize
an organizations opportunities and vulnerabilities, brainstorm winning strategies
imitation resistant value chains
