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Business Economy Telecommunication Creative Destruction: Business Survival Strategies in the Global Internet Economy by Lee W. McKnight, X More than fifty years ago, Joseph Schumpeter stated that processes intrinsic to a capitalist society produce a "creative destruction," whereby innovations destroy obsolete technologies, only to be assaulted in turn by newer and more efficient rivals. This book asks whether the current chaotic state of the telecommunications and related Internet industries is evidence of creative destruction, or simply a result of firms, governments, and others wasting valuable resources with limited benefits to society as a whole. In telecommunications, for example, wireless, IP, and cable-based technologies are all fighting for a share of the market currently dominated by older, circuit-switched, copper-terminated networks. This process is accompanied by mergers, acquisitions, bankruptcies, and investment and divestment in worldwide markets.The selections discuss the primary challenge facing firms, governments, and other players: how to exploit the opportunities created by such destructive dynamics. They highlight the importance of national regulations promoting competition and nonmonopolistic market structures, as well as the role of new technologies such as the Internet in driving down the price and speeding the diffusion of innovative products and services in telecommunications, media, electronic retailing, and other "new economy" industries.
Nortel Networks: How Innovation & Vision Created a Network Giant by Larry MacDonald, Praise for Nortel Networks How Innovations and Vision Created a Network Giant "Nortel rising from Canadian industrial age corporation to a global network powerhouse is a fabulous story of determination and foresight, and new business modal innovation. MacDonald shows why Nortel will remain pre-eminent in the brutally competitive digital economy." Don Tapscott, Chair, Digital 4Sight, and Author of Paradigm Shift, The Digital Economy, Growing Up Digital, and Digital Capital: Harnessing the Power of Business Webs "Few companies are changing the world today. Nortel is one of themand has been for generations. This is a human adventure of corporate renewalabout visionary leaders who transform today’ s success into tomorrow’ s innovation." E. F. Peter Newson, Associate Professor, Richard Ivey School of Business, The University of Western Ontario "MacDonald’ s book fills a critical gap in the history of Canadian telecommunications. His Nortel Networks is a valuable and extremely readable chronicle of the remarkable transformation of a sleepy telephone manufacturer into Canada’ s most valuable corporation." Lawrence Surtees, research analyst, IDC Canada Ltd., and former telecommunications reporter. The Globe and Mail Visit Our Companion Website at www.wiley.
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