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The New Age of Innovation
Book

The New Age of Innovation

Driving Co-created Value Through Global Networks

McGraw-Hill, 2008 more...


Editorial Rating

7

Qualities

  • Comprehensive
  • Analytical
  • Applicable

Recommendation

Unlike many books on new economies or global changes, this work cites examples from around the world. C. K. Prahalad and M. S. Krishnan provide illustrative case studies from firms in India, Canada, the United States, Europe and elsewhere. They examine the various interactions among these firms and locales, grounding their theoretical discussions in reality. To add even more clarity, they also include many drawings and charts; unfortunately, these tend to force a simplistic Cartesian graphing system onto complex changes. Likewise, their abbreviations are more memorable than clear. Overall, though, these are minor glitches in an innovative and useful study. The authors’ analyses of how firms are interacting internationally, and redesigning themselves and the nature of business in the process, are both interesting and valuable. Its discussions of broad trends are unusually well-informed. getAbstract recommends this book to executives and others committed to keeping up with change, especially on a large, even global, scale.

Take-Aways

  • Globalization and the Internet are changing the very nature of business.
  • One trend that is reshaping business is the renewed focus on individual experience.
  • Another is the need to access global resources.

About the Authors

C. K. Prahalad and M. S. Krishnan teach at the Ross School of Business at the University of Michigan. Prahalad is author of The Fortune at the Bottom of the Pyramid.