Business Archives

The 5th Industrial Revolution: Telecommunications

What was the 5th industrial revolution? How did this revolution happen, and what technologies were developed to begin this revolution? The 5th industrial revolution was when new information and telecommunications technologies were developed. These new technologies led to the age of the internet and change the landscape of the economy. Read more about the 5th industrial revolution, also known as the age of information and telecommunications, and how it changed the world and the economic landscape.

Financial Capital: Why Tech Revolutions Need It

What is financial capital in technological revolutions? How does it help propel industrial revolutions and why do new technologies need it? Financial capital in technological revolutions actually refers to the agents that make the revolution possible, not money. In this case, it is the condition that allows wealth to be redistributed. Read more about financial capital in technological revolutions.

Technological Revolutions & Financial Capital: Criticisms

What is the book Technological Revolutions and Financial Capital about? What criticisms are there about the model in this book and what gaps are there in how these revolutions work? In the book Technological Revolutions and Financial Capital, author Carlota Perez outlines how technological and industrial revolutions come about. This model focuses on the conditions necessary for these revolutions, but of course, there are criticisms of this theory. Read more about criticisms of Technological Revolutions and Financial Capital and how Perez addresses these concerns.

Different Types of Skills: Know Your Strengths

What are functional skills? Are there different types of skills? A skill is a capability of some sort. There are different types of skills identified in What Color Is Your Parachute? including functional skills, knowledge-based skills, and traits. Keep reading for a discussion of the different types of skills.

Production Capital and Synergy: Phase 3

What is production capital and how does it fit into the phases of technological revolutions? Production capital is the infrastructure that develops to make phase 3 of technological revolutions possible. This part of the industrial revolution comes about when businesses have synergy, and production is seen as a wealth-building effort. Read more about production capital and phase 3 of technological revolutions.

Real Value and Paper Value in Techn Revolutions

What is real value in a technological revolution? How does real value align with the phases of these industrial revolutions, and why does it matter? Real value and paper value are two important parts of phase 2 in technological revolutions. These determine the value of a new technology and its potential for economic growth. Read more about real value, paper value, and phase 2 below.

Financial Innovation: When Tech Revolutions Mature

What is financial innovation? In which phase of technological revolution does financial innovation happen and how does it work? Financial innovation occurs when a technological revolution reaches maturity and then can explore wealth-building endeavors related to the revolution’s economic prosperity. Read more about financial innovation and phase 4 below.

Encouraging Innovation With Smaller Markets

What are strategies for encouraging innovation? How are smaller markets beneficial for innovators? Encouraging innovation is a complicated task. You need sufficient opportunities for selling your new product, but going too big too soon is also challenging. Read more about encouraging innovation.

Honda Innovation and the Smaller Motorbike

What are the key Honda innovation examples? How was Honda’s motorbike a disruptive innovation? Honda innovation is not limited to cars. In an effort to expand their successful Japanese motorbike to the US market, Honda created a new space while competing with Harley-Davidson. Read more about Honda innovation in the motorbike space and the evolution of their Supercubs.

Disruptive Innovation Model: 3 Options for Change

What is a disruptive innovation model for change? What should a company consider in evaluating any disruptive innovation model? A disruptive innovation model can identify options for change. When facing a disruptive innovation, there are options for changes to adapt. Read more to understand the disruptive innovation model and how it can help identify strategies for handling these changes.