The Future of BioSciences: Four
Scenarios for 2020 and Their Implications for Human Healthcare
This 130
page research report, edited by Profs. Paul J. H. Schoemaker and Michael
Tomczyk, describes the factors expected to impact commercialization of
emerging bioscience technologies from now until 2020. It includes
four scenarios based on technology success/failure and public
acceptance/rejection of these technologies, and the consequences for
various stakeholder groups. These "meta-scenarios" provide an
excellent basis for developing micro-scenarios for specific firms and
industries. The Future of BioSciences project is an ongoing
long-term project of the Mack Center, in collaboration with Decision
Strategies International. Copies can be purchased from DSI at:
http://www.thinkdsi.com/biosciences.
(2006)
Innovation and Organic Growth:
Balancing Risk and Reward
To
innovate is to take risks. The rewards are gained by seeing and
seizing potential opportunities ahead of rivals, while protecting
against undesirable outcomes. Success requires strategic,
organizational and financial acumen and a willingness to embrace
uncertainty. This report examines the latest thinking on these
challenges, including how best practice firms balance risk and reward in
their portfolio of growth initiatives - from strategic, organizational
and venture capital perspectives. From an insight-building event
organized by Profs.
George Day and Paul Schoemaker. (2006)
Creating and Managing
Networks of Innovation
Rapid
economic change and resource scarcity has motivated decision makers to
seek creative ways to access resources of other organizations, to create
and sustain value. One of these strategies involves creating or
accessing networks of innovation that enable firms to draw on resources
far beyond their immediate boundaries. Examples of these networks
range from global business ecosystems in the automotive and software
industries, to outsourcing and offshoring of business processes in India
and other countries, to open source software communities.. This
event was organized by Profs. Harbir Singh and
Lori Rosenkopf. (2006)
Using Technology to Improve Decision-Making:
Pitfalls and Prospects
Emerging technologies are not only transforming the way we do business,
but are also influencing and aiding the way we make decisions. In
an era of unprecedented globalization and rapidly changing business
models, new approaches are needed to compete, survive and succeed in
technology driven industries. Many of these changes are requiring
organizations to adopt new decision frameworks and strategies.
This research
report summarizes presentations from a Wharton Impact Conference
sponsored by the Mack Center; designed and hosted by Profs. George Day
and
Paul J.H. Schoemaker.
(2005).
Globalization and Emerging Technologies
Advances
in information and communication technologies have greatly contributed
to cultural, economic and political globalization over the past few
decades. Globalization in turn has helped spawn numerous new
technologies from far corners of the earth, aided by global alliances in
the private and public sectors. This report summarizes insights
from a Wharton Impact Conference exploring the complex interplay between
globalization and new technology development, from the perspective of
senior management. This event was organized by Profs. Harbir Singh
and Paul Schoemaker. (2005)
Investing in Emerging Technologies: Strategies for Making Technology
Investments Under Conditions of High Risk and Uncertainty
The
landscape for technology investment has changed in many industries:
life sciences, pharmaceuticals, information technology, financial
services, transportation, entertainment, telecom, consumer products...to
name a few. Firms, government agencies and venture capitalists are
using a variety of innovative strategies and frameworks to address the
uncertainties presented by today's increasingly challenging investment
environment. This report presents insights by Wharton faculty and
"better practice" firms such as DuPont, Eli Lilly, Reliance Industries
(India) and the World Bank. Included is a discussion of "real
options" strategy. From a conference organized by Profs. Harbir
Singh and George Day.
Creating Competitive Capabilities
in Knowledge Intensive Environments
Organizations in all industries need to constantly improve their ability
to leverage knowledge for competitive advantage, especially in the
current economic environment. As Internet use and global
communications become ubiquitous and IT capabilities increase by orders
of magnitude, competition has become more complex and challenging for
senior decision makers in "knowledge-intensive" industries. This
report offers insights from our ongoing research at the Mack center as
well as lessons from firms such as Charles Schwab, Infosys and Unisys.
(2003)
Managing Knowledge Assets: Changing
Rules
and Emerging Strategies for
Intellectual Property
Knowledge
may be the most important source of competitive advantage for a firm,
but capturing the potential gains is a continuing challenge. The
patent system is under enormous strain. Firms are filing patents
are an unprecedented rate. Emerging technologies and business
processes that were previously unpatentable are now protected.
Development cycles are accelerating, lead times shrinking.
Administrative and legal burdens are increasing. These changes are
creating a new and unfamiliar context for the management of intellectual
property...forcing many firms to rethink their strategies for realizing
the rewards of innovation. The report summarizes presentations at
a 2002 conference organized by Wharton Professor Sid Winter. Many
of the leading edge insights presented at this event have been
manifested as intellectual property issues have become increasingly
important in the years since this ground-breaking event was hosted by
the Mack Center.
The Mack Center for Technological Innovation is one of 23
research centers of the Wharton School, at the University of Pennsylvania.
Our offices are located in Room 1050 Steinberg Hall-Dietrich Hall, 3620
Locust Walk, Philadelphia, PA 19104-6371.
Tel: 215-573-7722 - Email:
mackcenter@wharton.upenn.edu
Copyright (c) 2006 by the Mack Center for Technological
Innovation. All rights reserved.