MIS40910 - Comin, Diego and Hobijn, Bart (2012) 'How Early Adoption Has Increased Wealth--Until Now', Harvard Business Review, 90(3): 34-35.
Module - Skills for Business Enquiry
Class or Article - Article
Lesson or Name - Comin, Diego and Hobijn, Bart (2012) 'How Early Adoption Has Increased Wealth--Until Now', Harvard Business Review, 90(3): 34-35.
Additional Info - 34-35
Precis
Diego Comin and Bart Hobijn article 'How Early Adoption Has Increased Wealth--Until Now' present how early adoption of technology advancements has increased the wealth of countries until now. Comin and Hobijn present some startling findings such as early adopters seeing a 25% difference in their per capital income today, the average wholesale addoption of new technologie happens roughly 45 years after its inception and from the timeline you can see that early adoption within countries has narrowed as we see a rise in early adopters. Comin and Hobijn have presented very spare information within this business review and have let the infographic do the talking allowing the readers to draw their own conclusions. What is identifiable in the infographics is that the pace of significant innovation has decreased and as a result the gap between early adopters and the late adopters has narrowed significantly. This also means that the pace of adoption has decreased and the cultural/societal productivity divide has equally narrowed. Comin and Hobijn state ' ..., adoption lags have shortened in recent years. What does that mean? Over time, the West's advantage from being a consistent early adopter may decrease" and we see that today in the case eastern societies and technology adoption are outstripping the west.
Reflection
Now that the pace of adoption and that early adoption is almost a component of modern day society to chasm that existed for significant per capita gains will have narrowed. This does bare an interesting question however and that is now that the window has narrowed for adoption of innovation has the role reversed from adoption + time x scale in the sense that over time technology permeated the world to now being scale/time = adoption. Companies nowadays are challenged with their ability to scale when they are needed and is their barrier to mass growth. While the time of adoption and significant innovations has changed innovations are now happening more frequently at a more consumer level basis across platforms rather than hardware.
Quotes
Precis
Diego Comin and Bart Hobijn article 'How Early Adoption Has Increased Wealth--Until Now' present how early adoption of technology advancements has increased the wealth of countries until now. Comin and Hobijn present some startling findings such as early adopters seeing a 25% difference in their per capital income today, the average wholesale addoption of new technologie happens roughly 45 years after its inception and from the timeline you can see that early adoption within countries has narrowed as we see a rise in early adopters. Comin and Hobijn have presented very spare information within this business review and have let the infographic do the talking allowing the readers to draw their own conclusions. What is identifiable in the infographics is that the pace of significant innovation has decreased and as a result the gap between early adopters and the late adopters has narrowed significantly. This also means that the pace of adoption has decreased and the cultural/societal productivity divide has equally narrowed. Comin and Hobijn state ' ..., adoption lags have shortened in recent years. What does that mean? Over time, the West's advantage from being a consistent early adopter may decrease" and we see that today in the case eastern societies and technology adoption are outstripping the west.
Reflection
Now that the pace of adoption and that early adoption is almost a component of modern day society to chasm that existed for significant per capita gains will have narrowed. This does bare an interesting question however and that is now that the window has narrowed for adoption of innovation has the role reversed from adoption + time x scale in the sense that over time technology permeated the world to now being scale/time = adoption. Companies nowadays are challenged with their ability to scale when they are needed and is their barrier to mass growth. While the time of adoption and significant innovations has changed innovations are now happening more frequently at a more consumer level basis across platforms rather than hardware.
Quotes
Comments
Post a Comment