Competing for the Future How Digital Innovations are Changing the World Henry Kressel Thomas V Lento 9780511611094 Books
Download As PDF : Competing for the Future How Digital Innovations are Changing the World Henry Kressel Thomas V Lento 9780511611094 Books
Everybody knows that digital technology has revolutionized our economy and our lifestyles. But how many of us really understand the drivers behind the technology - the significance of going digital; the miniaturization of circuit boards; the role of venture capital in financing the revolution; the importance of research and development? How many of us understand what it takes to make money from innovative technologies? Should we worry about manufacturing going offshore? What is the role of India and China in the digital economy? Drawing on a lifetime's experience in the industry, as an engineer, a senior manager and as a partner in a venture capital firm, Henry Kressel offers an expert personalized answer to all these questions. He explains how the technology works, why it matters, how it is financed and what the key lessons are for public policy.
Competing for the Future How Digital Innovations are Changing the World Henry Kressel Thomas V Lento 9780511611094 Books
In the interest of full disclosure, I have had the opportunity to work with Dr Henry Kressel on a variety of Warburg Pincus engagements since 1990. I attended MIT from 1964-1972, and learned first hand how many companies were started by MIT alums, such as Bose (by Amar Bose), Analog Devices (by Ray Stata), and DEC (by Ken Olsen), as well as seeing my classmate Bob Metcalfe create the most widely used network technology today, Ethernet (akin to the electrical power outlet), and then 3Com. While at Bell Laboratories, I saw the advent of UNIX, the rise of DARPANet leading to the network of networks or Internet, the advent of local area networks (I represented ATT on Project 802 Local Area Network Standards) which permitted networks of computers to share printers, storage, and network access as if they were a single computer. I was involved with the original funding of Ciena, the first commercially successful optical transmission equipment vendor, with moving Uniphase into telecomms to create JDSUniphase as a vendor of optical components and modules, and Covad, one of the first data only Competitive Local Exchange Carriers. With that as backdrop, I found the book to be full of insights, driven by excellent data analysis: good analysis leads to surprising insights, and I found many of them throughout.The discussion of financial innovation and the mechanisms to commercialize the technical innovations is in my view without equal and is worth the entire book (and the other sections are outstanding!): the issues are precisely delimited, the creation of lega structures to facilitate commercialization, to align the interests of customers, investors, and companies, indeed the term venture capital was created because no bank would lend money to a business with no customers or revenues yet there was a clear need for such funding and the financial payoffs could be huge. This chapter merits particularly detailed rereading to understand the terse lessons dispensed here.
The sections on manufacturing restructuring, globalization, governmental oversight, and industry structure take us back to one fundamental truth: there are two major businesses, transportation and communication, and the communication business is still undergoing an incredible revolution today and for the next twenty odd years (at which point biotech and materials science advances will be in full flower).
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Tags : Competing for the Future: How Digital Innovations are Changing the World [Henry Kressel, Thomas V. Lento] on Amazon.com. *FREE* shipping on qualifying offers. Everybody knows that digital technology has revolutionized our economy and our lifestyles. But how many of us really understand the drivers behind the technology - the significance of going digital; the miniaturization of circuit boards; the role of venture capital in financing the revolution; the importance of research and development? How many of us understand what it takes to make money from innovative technologies? Should we worry about manufacturing going offshore? What is the role of India and China in the digital economy? Drawing on a lifetime's experience in the industry,Henry Kressel, Thomas V. Lento,Competing for the Future: How Digital Innovations are Changing the World,Cambridge University Press,0511611099,BUSINESS & ECONOMICS Entrepreneurship,Business & management,Computer science
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Competing for the Future How Digital Innovations are Changing the World Henry Kressel Thomas V Lento 9780511611094 Books Reviews
I actually read Dr. Kressel's latest book, Investing in Dynamic Market first, which was fantastic, before I read this book. Wow. This is a much more indepth analysis of the high tech industry. This book covered the history of the technology evolution, from vacuum tube to semiconductor, from mainframe computer to software, from switchboard call to wireless, tracking the growth, the drivers, business models and just enough technical details for the readers. It is like taking two college classes, in "history of digital world" and "basic to digital technology".
But there is more. You will also learn the history of the VC business, how they invest and where they invest. It then looked at globalization, is the world really flat and current stage of our country's competitiveness. The book concluded with how continued innovation and manufacturing capability can and should help USA to regain our growth and leadership, which I totally agree. Investing in education, innovation and reviving our manufacturing industry (look at Germany) are key.
If you are in technology business or interested in this industry, or if you care about our country, you should read this.
He was in on the development of the first transistor and has been involved in the development of new discoveries and products ever since. What he says about discovery, development and marketing is more than "must reading" for the technocrat or policy analyst; it's a new hornbook for anyone touched by technology. If you want to understand where modern technology has been and where it's going, start here.
Despite the technical nature of the subject, this book is easy to read and understand. Kressel's ghost writer, Thomas Lento, has used simple sentences and kicked deep technical matter into appendices, to keep the narrative going. The text scans in places, and illustrations illuminate.
If you want a quick Ph.d. course in technology, its diffusion, and its implications for national economic and social policy, as well understanding what key tech companies have done and are doing, start here. Even an English major can understand it; I did.
Dr. Henry Kressel's "Competing for the Future" is a must-read for anyone responsible on any level for technological innovation. Here, captured in one book, is the innovation roadmap as only Dr. Kressel with his wealth of experience and obvious keen intellect could construct. The book transcends industries as it exposes the illusive innovative process critical to creating not only the next generation, but new generations, of products based on technology leaps.
The innovation process is complex, and in a technology driven organiztion, it must be endemic, shared across all functions. "Competing for the Future" helps us understand that dynamic through powerful examples over the years. As such, it's an inspiring and exhilerating read for cross funtional teams and technology leaders across the entire spectrum of industry. Dr. Kressel started out in electronics and my backround has been in pharmaceutical research, but the principles are the same and that's what makes Dr. Kressel's book such a valuable read.
Book explains how modern technology has transformed how we live. Ties together invention, entrepreneurism, venture financing, globalization. Opens with history of, and primer on, electronic technology that made all this possible -- which some readers will find fascinating but others may skim. Read that section if you want to know how things work and how we got to where we are, with our smartphones and lasers etc. Book arrived in perfect condition.
In the interest of full disclosure, I have had the opportunity to work with Dr Henry Kressel on a variety of Warburg Pincus engagements since 1990. I attended MIT from 1964-1972, and learned first hand how many companies were started by MIT alums, such as Bose (by Amar Bose), Analog Devices (by Ray Stata), and DEC (by Ken Olsen), as well as seeing my classmate Bob Metcalfe create the most widely used network technology today, Ethernet (akin to the electrical power outlet), and then 3Com. While at Bell Laboratories, I saw the advent of UNIX, the rise of DARPANet leading to the network of networks or Internet, the advent of local area networks (I represented ATT on Project 802 Local Area Network Standards) which permitted networks of computers to share printers, storage, and network access as if they were a single computer. I was involved with the original funding of Ciena, the first commercially successful optical transmission equipment vendor, with moving Uniphase into telecomms to create JDSUniphase as a vendor of optical components and modules, and Covad, one of the first data only Competitive Local Exchange Carriers. With that as backdrop, I found the book to be full of insights, driven by excellent data analysis good analysis leads to surprising insights, and I found many of them throughout.
The discussion of financial innovation and the mechanisms to commercialize the technical innovations is in my view without equal and is worth the entire book (and the other sections are outstanding!) the issues are precisely delimited, the creation of lega structures to facilitate commercialization, to align the interests of customers, investors, and companies, indeed the term venture capital was created because no bank would lend money to a business with no customers or revenues yet there was a clear need for such funding and the financial payoffs could be huge. This chapter merits particularly detailed rereading to understand the terse lessons dispensed here.
The sections on manufacturing restructuring, globalization, governmental oversight, and industry structure take us back to one fundamental truth there are two major businesses, transportation and communication, and the communication business is still undergoing an incredible revolution today and for the next twenty odd years (at which point biotech and materials science advances will be in full flower).
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