Complexity & Network Papers (Additional Concepts (Social Networks…
Complexity & Network Papers
Strategy & New Economics of Information (Evans and Wurster 1997)
Value of Information
Reach Improved through digital networks
Being in the business of information
Internet has changed where information is - i.e. not in peoples heads anymore but more widely available
Reduction in value of human network?
More analysis power
Breakdown of Value Chains - Reduces the ability of firms to control sales etc through holding data that the customer doesn't know.
Example of Car Dealerships, sales, servicing, finance, used car market, control or information? impact of net everyone informed!
Move away from store/warehouses
Economics of Information
Change in ownership of information to customer/consumer
Health care data
Insurance premium calculations
Is industry trying to get control of information back from customer - reconstructing their value chain?
Facebook users are not the customers on facebook - but the products to be sold to companies.
Access to eye balls
Metcalfe's law states that the value of a telecommunications network is proportional to the square of the number of connected users of the system.
Team 1 - Porter - IT as a competitive advantage
Adds to value chain
cost / efficiency
Risky if goes wrong
Information is "the blood" it is what provides competitive advantage - not the IT itself
IT is a driver/enabler - internal/external environment
Concept of technology as a driver for change :
Team 2 - Don't Automate, Obliterate
Processes & People
Team 4 - Hammer - Business Process Reengineering - Core Competencies
Looking at combing based on core competencies rather than as business units.
Strategy based on core competencies
Resource Based View
Interfered with by traditional SBU mentality
Bullshit Ego Boosting?
Are we less knowledgable
Social media - bad/good influence?
Not need to remember things anymore - your Mum's phone mobile?
Tacit & Explicit Learning
Knowledge Creation Processes
How do organisations create knowledge
Communities of Practice
Impact of External Environment in relation to organisation networks and learning