Is IT Strategic in the New Age of Innovation?
No commentsWith their new book New Age of Innovation – Driving Cocreated Value through Global Network, C.K. Prahalad and M.S. Krishnan suggest a major shift in organizational structure-one where IT and the respective management structure form the fundamental foundation of a corporation. I have not read the book yet, but I have been checking out the blogs by the authors.
According to C.K. Prahalad , The industrial system as we know it has been morphing for some time. Now it may have reached an inflection point. Ubiquitous connectivity (e.g. cell phones and PCs), digitization, convergence of technology and industry boundaries (e.g. consumer electronics, computing, communications), and the emergence of social networks have collectively have turbo charged this transformation. This transformation is not only affecting all industries, but will change the way firms create value. Further, this trend will only accelerate.
The world according to the authors, is moving to the requirements that can be bucketed into two themes.
· N = 1, where each customer must be treated as a distinct individual (mass customization)
· R = G, where companies must tap the right resources across the globe to be able to compete.
Therefore N=1 and R=G describes a new age of innovation driven by an aggressive use of IT, and an extensive, sophisticated, real-time supply chain.
According to the authors, IT is going to be very important in this turbo charged transformation. Yes, IT is not only going to be relevant but strategic in this New Age of Innovation.
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Monday, April 21st, 2008 at 9:05 am and is filed under Web 2.0, Talent Management, Human Resource, Globalization, IT Strategy, Business Strategy, Collaboration. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
