The Network Challenge Chapter 8

The Network Challenge  Chapter 8
Author: Steven O. Kimbrough
Publsiher: Pearson Education
Total Pages: 24
Release: 2009-05-19
ISBN: 0137015372
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Network Challenge Chapter 8 Book Excerpt:

Artificial intelligence (AI) offers computational methodologies for modeling systems, which can be valuable in understanding networks. In this chapter, the author examines several types of applications of these methods in exploring how the behavior of individual agents leads to outcomes across networks. For example, he considers how one system, based on a Prisoner’s Dilemma that provides a higher payoff for players who don’t cooperate, can result in a surprising outcome in which cooperation dominates after many rounds of play. He also considers agent-based models--including turtles in a pond, showing discrimination effects; and sugar and spice trading, showing interactions through trading. Finally, he explores applications to ant colony optimization and swarming optimization of flocks of birds or schools of fish. He concludes that computational models offer important insights into networks, and the procedures used in modeling have a significant impact. The discussion also demonstrates that “networks matter,” affecting outcomes in sometimes unpredictable ways.

The Network Challenge Chapter 16

The Network Challenge  Chapter 16
Author: George S. Day,Paul J. H. Schoemaker,Scott T. Snyder
Publsiher: Pearson Education
Total Pages: 24
Release: 2009-05-19
ISBN: 0137015119
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Network Challenge Chapter 16 Book Excerpt:

Although networks in key business areas such as communications, supply chains, R&D, and sales are designed to improve the flow of information, people, or goods, they can also be used to improve the “peripheral vision” of the organization. In this chapter, the authors examine how networks can be used by organizations to scan, sense, and adapt to new and important signals from the organization’s strategic environment beyond its core focus. The first part of the chapter emphasizes the importance of peripheral vision in helping organizations not being blindsided by threats while seeing new opportunities sooner. The authors examine some key obstacles to using networks to better mine the periphery for early insight. They then explore how extended networks can help the organization be a responsive open system adapting faster to changes in the environment. They examine to what extent network constructs such as centrality, hierarchy, self-healing, distributed intelligence, multihoming, and latency can be used to improve organizational networks for scanning the periphery. The last section explores some of the leadership challenges associated with using networks to detect weak signals sooner.

The Network Challenge

The Network Challenge
Author: Paul R. Kleindorfer,Yoram (Jerry) R. Wind,Robert E. Gunther
Publsiher: Prentice Hall Professional
Total Pages: 592
Release: 2009-06-11
ISBN: 9780137029327
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Network Challenge Book Excerpt:

New Paperback Edition Networks and the Enterprise: Breakthrough Thinking and Actionable Strategies “This book presents an amazing collection of insights on underlying forces and ways to thrive in our post-Coaseian age—an age in which the centralized firm is changing into an agile and resilient network of participants. A must read for a world where unpredictability reigns supreme.” —John Seely Brown, Independent Co-Chair of the Deloitte Center for Edge Innovation, and Senior Fellow at the Annenberg Center for Communication at the University of Southern California “I couldn’t wait to get my hands on this research…I have already begun to put the ideas into practice in designing next-generation open innovation networks…the diversity of ideas and perspectives is truly amazing and will be a terrific resource to anyone seeking to move to new business models based on the power of networks for innovation, marketing, and creating and leveraging big ideas. Job well done!” —Larry Huston, Creator of the “Connect and Develop” program for Procter & Gamble, and Managing Director of 4iNNO, a major Open Innovation consulting practice “In our borderless world, every manager needs to understand the strategic implications of networks. For the first time, The Network Challenge brings together thought leaders from many fields—a team of experts as broad as the network challenge itself.” —Kenichi Ohmae, author of more than 100 books, including the seminal work, The Mind of the Strategist, advisor on global strategy to foreign governments and scores of multinational corporations, selected by The Economist as one of five management gurus in the world. Networks define modern business. Networks introduce new risks (as seen by the rapid spread of contagion in global financial markets) and opportunities (as seen in the rapid rise of network-based businesses). While managers typically view business through the lens of a single firm, this book challenges readers to take a broader view of their enterprises and opportunities. This book’s 28 original essays include CK Prahalad on networks as the new locus of competitive advantage Russell E. Palmer on leadership in a networked global environment Dawn Iacobucci and James M. Salter II on the business implications of social networking Franklin Allen and Ana Babus on contagion in financial markets Steven O. Kimbrough on artificial intelligence, evolutionary computation, and networks Satish Nambisan and Mohan Sawhney on tapping the “global brain” for innovation Manuel E. Sosa on coordination networks in product development Christophe Van den Bulte and Stefan Wuyts on customer networks Christoph Zott and Raphael Amit on using business models to drive network-based strategies Yoram (Jerry) Wind, Victor Fung, and William Fung on network orchestration Valery Yakubovich and Ryan Burg on network-based HR strategy Howard Kunreuther on risk management strategies for an interdependent world Paul R. Kleindorfer and Ilias D. Visvikis on integrating financial and physical networks in global logistics Witold J. Henisz on network-based political and social risk management Boaz Ganor on terrorism networks And much more...

The Network Challenge Chapter 23

The Network Challenge  Chapter 23
Author: Paul R. Kleindorfer,Ilias D. Visvikis
Publsiher: Pearson Education
Total Pages: 22
Release: 2009-05-19
ISBN: 0137015534
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Network Challenge Chapter 23 Book Excerpt:

Logistics is at the center of network-based manufacturing strategies, linking manufacturing sources with intermediate and final markets. As global logistics networks have grown and developed, they also have presented new challenges in managing risk and volatility across these broad, global networks. In this chapter, Kleindorfer and Visvikis discuss changes in logistics and financial instruments such as derivatives that have emerged to value and hedge the cost of capacity and services in these markets. They trace the recent history of maritime logistics and describe the convergence and integration of the physical and financial networks that underlie the valuation and use of logistics services. Global logistics illustrates how network-based strategies have integrated financial and physical networks. It also shows the emerging tools and competencies that have been needed to manage new risks arising from these broader networks.

The Network Challenge Chapter 26

The Network Challenge  Chapter 26
Author: Boaz Ganor
Publsiher: Pearson Education
Total Pages: 22
Release: 2009-05-19
ISBN: 0137015569
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Network Challenge Chapter 26 Book Excerpt:

As terrorist organizations such as Al-Qaeda have been transformed from hierarchical organizations to more fluid networks, countering terrorism requires an understanding of networks. These networks evolve rapidly in response to actions to thwart them, leading to an ongoing struggle of terrorist and antiterrorist networks. In this chapter, Boaz Ganor examines the evolving threat of terrorist networks and network-based responses. As he notes, “it takes a network to beat a network.” He also examines direct and indirect implications for business organizations.

The Network Challenge Chapter 25

The Network Challenge  Chapter 25
Author: Witold J. Henisz
Publsiher: Pearson Education
Total Pages: 22
Release: 2009-05-19
ISBN: 0137015550
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Network Challenge Chapter 25 Book Excerpt:

From oil companies seeking rights to drill to consumer products firms attempting to forestall a consumer boycott, organizations often seek to influence political or social policy to achieve their own objectives. But to exert this influence, they need to understand the structure of political and social networks. In this chapter, Witold Henisz examines how information about the structure of political and social networks can be integrated into data acquisition and analysis, as well as strategy implementation. Although sophisticated companies have long relied on an informal understanding of networks of informants to gather information about social and political actors at home and abroad, the analysis of the information and design of an influence strategy has too often occurred without reference to that structure. As Henisz points out, a more rigorous approach to analysis is transforming political and social risk management from art to quasi-formal science. This chapter outlines the past, present, and future frontiers of political and social risk management with particular attention to using an understanding of the network structure of diverse actors in perceiving, analyzing, and influencing the political and social environment.

The Network Challenge Chapter 15

The Network Challenge  Chapter 15
Author: Christoph Zott,Raphael Amit
Publsiher: Pearson Education
Total Pages: 25
Release: 2009-05-19
ISBN: 0137015100
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Network Challenge Chapter 15 Book Excerpt:

Zott and Amit explore the role of business models in creating value through networks. They review earlier, firm-centric views of value creation, including Porter’s value chain, the resource-based view, and the transaction costs approach. They point out that business models go well beyond classic views of network theory (e.g., topography and structure) and include notions of purpose, acceptance, fairness, coherence, and viability. Based on their earlier framework for e-business models, they explore the role of four major interlinked value drivers: efficiency, complementarities, lock-in, and novelty. They argue that the focal firm’s business model acts as both an engine for value-creation and an invaluable construct for understanding the firm’s role in relation to other business model participants in the networks in which it is embedded.

The Network Challenge Chapter 17

The Network Challenge  Chapter 17
Author: Yoram (Jerry) R. Wind,Victor K. Fung,William K. Fung
Publsiher: Pearson Education
Total Pages: 22
Release: 2009-05-19
ISBN: 0137015127
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Network Challenge Chapter 17 Book Excerpt:

If you accept, in the words of Thomas Friedman, that “the world is flat,” how do you need to reshape your organization, management, and thinking for this new terrain? This chapter offers strategies and insights on the capability for “network orchestration” that is essential in designing and managing networks that are centrally controlled. While most management education is focused on competition at the firm level, competition today is increasingly “network against network.” This changes the way we approach strategy, supply chains, building competencies, and managing enterprises. The authors examine the strategies used by successful networked companies in diverse industries. Effective network orchestration requires balancing control with empowerment of customers, suppliers, and entrepreneurial managers; and building value more from integration than specialization. While the traditional focus of core competencies has been at the firm level, the rise of networked organizations means that companies need to take a broader view. Success is based less on the competencies that the organization owns than those that it can connect to. This means that core competencies in network orchestration and learning may become increasingly important because these meta-competencies allow organizations to assemble and flexibly reconfigure the competencies needed to fulfill a customer-driven value chain.

The Network Challenge Chapter 12

The Network Challenge  Chapter 12
Author: Colin Crook
Publsiher: Pearson Education
Total Pages: 22
Release: 2009-05-19
ISBN: 0137015062
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Network Challenge Chapter 12 Book Excerpt:

Complexity theory offers valuable insights into the interactions of complex systems such as networked enterprises. Complexity theory addresses the “network effects” that result from interactions between many individual actors. This chapter examines the implications of this theory for business, and how these effects influence key management areas such as making sense, strategy, and organization. The author explores issues such as fads and crowds, using information and technology, and the use of agent-based simulations. Finally, he explores the shifts in management thinking, and business education, needed to utilize complexity theory--a shift in mental models that may be crucial to success in a networked world.

The Network Challenge Chapter 9

The Network Challenge  Chapter 9
Author: Satish Nambisan,Mohanbir Sawhney
Publsiher: Pearson Education
Total Pages: 22
Release: 2009-05-19
ISBN: 0137015380
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Network Challenge Chapter 9 Book Excerpt:

Most companies realize the need to “look outside” for innovation. However, few have a clear understanding about how they can make such a shift toward network-centric innovation--an innovation strategy that is centered on external networks and communities. Managers need more than anecdotal success stories about externally focused innovation, and they need more specific guidance than the “one size fits all” prescriptions of open innovation. The authors argue that every firm needs to find its own roadmap for tapping the “Global Brain”--the creative potential of the world outside its four walls. There are many different approaches and opportunities for network-centric innovation, based on the nature of the innovation space and the nature of network governance. In this chapter, the authors present a framework for structuring the landscape of network-centric innovation. They describe four models of network-centric innovation--Orchestra, Creative Bazaar, Jam Central, and MOD Station--and outline how companies can select, prepare for, and pursue the approach that best fits their particular business and innovation context.

The Network Challenge Chapter 10

The Network Challenge  Chapter 10
Author: Manuel E. Sosa
Publsiher: Pearson Education
Total Pages: 24
Release: 2009-05-19
ISBN: 0137015399
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Network Challenge Chapter 10 Book Excerpt:

Complex products, such as airplanes and automobiles, are designed by networks of design teams working on different components, often across organizations. The challenge in managing these networks is to decompose the project into manageable pieces but then coordinate the entire network to produce the best overall design. In this chapter, Manuel Sosa offers insights on this challenge. He examines the design structure matrix (DSM) as a project management tool for planning complex development efforts and discusses the engineering and managerial implications of considering complex products as networks of interconnected subsystems and components. In particular, he considers the impact of modularity on interactions among subcomponents. Finally, he examines organizational communications, overlaying product interfaces with communications interfaces of development teams to understand where communication links may be missing or unnecessary. The discussion offers insights on any complex design and coordination challenge, where networks of individuals or teams work together to contribute to a larger whole.

The Network Challenge Chapter 14

The Network Challenge  Chapter 14
Author: Christophe Van den Bulte,Stefan Wuyts
Publsiher: Pearson Education
Total Pages: 20
Release: 2009-05-19
ISBN: 0137015097
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Network Challenge Chapter 14 Book Excerpt:

Social networks and word-of-mouth marketing are increasingly important, yet few current practices are based on a deep understanding of how the structure of networks can affect customer behavior and marketing outcomes. This chapter offers some critical observations on current word-of-mouth marketing practices and identifies four key questions that managers need to ask themselves before engaging in campaigns designed to leverage customer networks: Can we be confident that interpersonal influence or social contagion is really important? Why exactly would social contagion occur? Should we target key influentials? Can we identify and target those influentials? The answers to these questions cannot be taken for granted.

The Network Challenge Chapter 20

The Network Challenge  Chapter 20
Author: Prashant Kale,Harjit Singh,John Bell
Publsiher: Pearson Education
Total Pages: 16
Release: 2009-05-19
ISBN: 013701550X
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Network Challenge Chapter 20 Book Excerpt:

In an environment of rapid and discontinuous change, managers have turned to alliances to access the resources they need. But research on alliances shows that more than half fail, demonstrating the difficulty of managing these relationships. Based on their extensive research on alliances, the authors explore the relational capabilities needed for building and managing successful alliances. Using the case of Royal Philips, they explore the role of strategy, structure, systems, people, and culture in alliance success. They also discuss the need for ongoing adaptation and renewal of relational capabilities as the business and its environment change.

The Network Challenge Chapter 21

The Network Challenge  Chapter 21
Author: Franklin Allen,Ana Babus
Publsiher: Pearson Education
Total Pages: 20
Release: 2009-05-19
ISBN: 0137015518
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Network Challenge Chapter 21 Book Excerpt:

Modern financial systems exhibit a high degree of interdependence, with connections between financial institutions stemming from both the asset and the liability sides of their balance sheets. Networks--broadly understood as a collection of nodes and links between nodes--can be a useful representation of financial systems. By modeling economic interactions, network analysis can better explain certain economic phenomena. In this chapter, Allen and Babus argue that the use of network theories can enrich our understanding of financial systems. They explore several critical issues. First, they address the issue of systemic risk, by studying two questions: how resilient financial networks are to contagion, and how financial institutions form connections when exposed to the risk of contagion. Second, they consider how network theory can be used to explain freezes in the interbank market. Third, they examine how social networks can improve investment decisions and corporate governance, based on recent empirical results. Fourth, they examine the role of networks in distributing primary issues of securities. Finally, they consider the role of networks as a form of mutual monitoring, as in microfinance.

The Network Challenge Chapter 6

The Network Challenge  Chapter 6
Author: Sonia Kleindorfer,James G. Mitchell
Publsiher: Pearson Education
Total Pages: 24
Release: 2009-05-19
ISBN: 0137015356
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Network Challenge Chapter 6 Book Excerpt:

Biology remains the most extensive and complex information network on the planet. This chapter examines the nature of biological networks, including their inherent stability and risks to their resilience. After a general introduction exploring networks and biological systems, this chapter reviews (1) the evolution of biological networks; (2) principles that govern biological networks; and (3) measures of stability, productivity, and efficiency in biological networks. The authors use examples from food (energy) transfer in rainforests and coral reefs, as well as the creation of a biological network through colonization in Darwin’s Finches of the Galapagos Islands. Research shows that while large biological networks are inherently unstable, some are more stable than others.

The Network Challenge Chapter 2

The Network Challenge  Chapter 2
Author: C.K. Prahalad
Publsiher: Pearson Education
Total Pages: 16
Release: 2009-05-19
ISBN: 0137015305
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Network Challenge Chapter 2 Book Excerpt:

The locus of innovation is shifting from the firm to the network. In contrast to developing standalone products, innovators are drawing together networks that deliver a personalized, co-created experience to the customer. This chapter describes a model in which nodal firms link communities of customers with communities of prequalified vendors. It examines cases from cardiac pacemakers to addressing diabetes and explores the implications of this shift for product and service innovation, value creation, and new sources of competitive advantage.

The Network Challenge Chapter 13

The Network Challenge  Chapter 13
Author: Serguei Netessine
Publsiher: Pearson Education
Total Pages: 26
Release: 2009-05-19
ISBN: 0137015070
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Network Challenge Chapter 13 Book Excerpt:

As manufacturing supply chains have moved from vertically integrated factories to diffused networks, manufacturers need to manage complex, global webs of suppliers. In this chapter, Netessine examines supply networks in two industries in particular: automobiles, and aerospace and defense. He explores how different strategies and technologies have helped companies manage, organize, and capitalize on their networks of suppliers. He discusses how Japanese automakers have used partnerships to outperform their U.S. rivals, who have taken a more adversarial approach to their suppliers. He also considers how companies such as Airbus and Boeing have used technology to coordinate and integrate far-flung networks. While Netessine notes that the formal study of network-based supply chains is just emerging, he offers insights from research and practice on the growing importance of supply networks and strategies for managing them successfully.

The Network Challenge Chapter 5

The Network Challenge  Chapter 5
Author: Dawn Iacobucci,James Salter
Publsiher: Pearson Education
Total Pages: 25
Release: 2009-05-19
ISBN: 0137015348
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Network Challenge Chapter 5 Book Excerpt:

This chapter provides an overview of social networks, the basic discipline from which ideas and terminology are drawn when characterizing popular phenomena such as “social networking” Internet sites like Facebook. The authors offer the reader a flavor of the theoretical and empirical research conducted by social network scholars since the 1930s. They explore how researchers have used social networks to generate and test economic, sociological, and organizational theories. They also examine broad insights from this research, as well as management implications in areas such as advertising, brands, loyalty, authenticity, and segmentation. The overriding message is that as power shifts from firms to social networks, companies have less control over their own destinies and need to pay more attention to networks.

The Network Challenge Chapter 22

The Network Challenge  Chapter 22
Author: Howard Kunreuther
Publsiher: Pearson Education
Total Pages: 20
Release: 2009-05-19
ISBN: 0137015526
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Network Challenge Chapter 22 Book Excerpt:

Networks increase interdependencies, which creates challenges for managing risks. This is especially apparent in areas such as security and enterprise risk management, where the actions of a single player in an interconnected network can wreak havoc on everyone in the network. The network, in this case, is only as strong as its weakest link. There are related problems in encouraging investments for prevention and protection, because the expected payoffs from such measures by one player are affected by the actions of other players in the network. This chapter examines the challenges of interdependent security (IDS) and strategies for addressing these, including coordination with broader networks such as industry organizations and government.

The Network Challenge Chapter 18

The Network Challenge  Chapter 18
Author: Eric K. Clemons,Steve Barnett,JoAnn Magdoff,Julia Clemons
Publsiher: Pearson Education
Total Pages: 22
Release: 2009-05-19
ISBN: 0137015135
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Network Challenge Chapter 18 Book Excerpt:

The instant messaging generation, wired and integrated into broad, flat networks almost from birth, will not function as their predecessors did when injected into the social networks that form their professional organizations. IM’ers are creating their own network styles and content, as well as their own informal, back-channel networks, different from those of their more senior coworkers, and more compatible with their personal styles and loyalties. If their adoption of workplace communications norms indeed differs from that of their predecessors, how will these individuals function differently as employees, and how will organizations need to adapt their training, their managerial styles, and their expectations of employees’ motivations, performance, and loyalty to incorporate these new employees? After reviewing the literature on social networks, the authors explore a few prominent and visible trends that affect employers and employees: (1) changing communications technologies and their implication for social organization; (2) changing perception of fact, technique, and reality, and implications for authority and decision styles; and (3) outsourcing, downsizing, and the erosion of organizational loyalty. They then offer qualitative impressions, as well as insights from an online survey (of 80 respondents), and explore implications for managers and organizations.