Summary Of Clock Speed: Winning Industry Control In The Age Of Temporary Advantage By Charles H. Fine

1536 words - 6 pages

Summary of Clock Speed: Winning Industry Control in the Age of Temporary Advantage by Charles H. Fine

Introduction
In order to conduct a scientific study, you set a baseline then introduce changes in order to understand the impact of the change. Unfortunately, the rate of change, or clock speed, in many studies (human evolution as an example) is too slow for one person to have time to introduce multiple changes and measure the results. Biologists have found by studying fruit flies (a rapid clock speed with a life span of days rather than years), they can reach conclusions faster by studying multiple life spans in a short amount of time. As with the fruit fly, some businesses also have a rapid cycle making them a prime target for study in application to business in general. By studying organizations with fast clock speeds, one can draw inferences to others. Essentially, studying fruit fly industries lets us understand all industries with the idea of implementing effective change in any company regardless of their individual clock speed.
Analysis
Clock speed is defined as the rate an industry evolves based on product, process or organizational change. By looking across multiple industries, it is possible to find some with very rapid clock speeds and others with exceptionally slow ones. By taking lessons from industries such as entertainment and computers (very fast), one can draw conclusions for the automobile and aircraft industries (longest cycles noted).
In his analysis, Charles Fine goes on to note that as the speed of an industry accelerates, the advantage one company may gain shortens – advantages are temporary. This conclusion is somewhat intuitive since the research and development to production cycle gets shorter. Others can copy and move into a competitive state more quickly. In order to maintain the advantage, it becomes more critical to simultaneously develop products, processes and supply chains. The author describes this as three dimensional concurrent engineering (3-DCE). The third element (supply chain) is relatively new for many companies and is not fully developed within their business strategy.
In order to incorporate concurrent engineering into product and process and process design, it is important to understand the orientation of the industry. For an illustration, the author uses the genetic module of DNA – the double helix. Similar to DNA, organizations need to map their capabilities along with provider organizations regarding activities, subsystems provided, capabilities they bring to the value proposition and the technology contribution of each (Fine, 1998, p. 105). As organizations evolve and the industry changes, they “move” along the helix from vertical integration to horizontal and back. Many begin vertically aligned where they provide most all of the key elements. A classic example was IBM of the 1970’s. IBM had an integrated product design with an overall system and service package. As...

Find Another Essay On Summary of Clock Speed: Winning Industry Control in the Age of Temporary Advantage by Charles H. Fine

The Importance of Winning Essay

779 words - 3 pages .” Obviously, the results would be the control of Iraq over Kuwait and a terrible dearth of oil in the U.S. In war--soldiers say -the winners keep their life; losers die. In summary, those teaching children that losing is fine may want to rethink again on what they are saying since this is not true in most occasions. Everybody has the prerogatives to win, and if we can win, we must win in the fairest manner. Professional sport players, along with

The Joy of Winning Essay

1682 words - 7 pages The Joy of Winning       "Oh my God!" was exclaimed into my right ear and resonated above everyone in the room. My heart was thumping because I wasn't exactly sure what was happening. I wasn't excited to be going or even pleased. All I could think about was, "What did I get myself into? I shouldn't be here, I don't deserve this."       It all began on one of the most disastrous bus rides I have ever experienced that doesn't include a

The Speed Of Light

363 words - 2 pages The speed of light in a vacuum is exactly 299,792,458 m/s. In 1983 physicists agreed to define a metre using the speed of light, i.e. a metre is defined as the distance traveled by a ray of light in a vacuum in 1/299,792,458s. The speed of light reduces when it passes through matter. It is hardly slowed down by air, but the speed of light through glass is reduced to around 200 000 km/s. Less dense materials (like water or ice) reduce the speed

The Speed of Reaction

984 words - 4 pages whether the temperature affects the speed of reaction. Introduction Collision Theory In all reactions particles hit together. The atom must hit to make new particles. To this I must be able to increase the temperature so that the reaction becomes faster. Chemical reaction only happen when particles of the reactant smashes into another chemical. They must crash with a certain amount of energy levels. This is called activation energy. A

Internet implication on the music industry: Can businesses take advantage of the new developments in technology?

1862 words - 7 pages Internet implication on the music industry: Can businesses take advantage of the new developments in technology?In the last decades, advances in the speed and functionality of the communications infrastructure have made information more accessible to everyone. Particularly, the Internet is regarded as a cheap and quick way to distribute multimedia information. Since 1993 the Internet has grown at an exponential rate. Surveys show that the number

The Competitive Advantage Study of Retailing Industry in Turkey and USA

9030 words - 36 pages TABLE OF CONTENTSiiCV OF THE STUDENTACKNOWLEDGMENTS iiiONE PAGE SUMMARY ivTABLE OF CONTENTS viLIST OF ABBREVIATIONS xiiEXECUTIVE SUMMARY xiASSESSMENT AUDIT xivINTRODUCTION xviiPART A. THE COMPETITIVE ADVANTAGE STUDY OF RETAILING INDUSTRY IN TURKEY AND USA 1I.A. INTERNAL ANALYSIS OF RETAILING CLOTHING FIRMS IN TURKEY 2I.A.1.1. Current Mission, Long-Range Objectives, Strategies & Performance for Turkish Firms 2I.A.1.1. Current Mission, Long

Analysis of the Upscale/Fine Dining Sector in the Restaurant Industry

6960 words - 28 pages industry Analysis Submitted in Partial Fulfillment of the Requirements for the MBA Degree Course: MGMT 6800 Instructor, Paul C. Boyd Ph.D. Faculty Advisor, Martin Sivula, Ph.D. Volha Ban May 3, 2012 in the Restaurant Industry INDUSTRY ANALYSIS i Executive Summary Upscale segment of the restaurant industry makes up approximately 10% of total U.S. restaurant sales (Trends in Fine Dining, 2011a). Severe impact of the economic downturn on the fine-dining

A comparison of three Cinderella stories; Charles Perrault's "Cinderella", the Brothers Grim's "Ashputtle", and Tannith Lee's "When the Clock Strikes."

1243 words - 5 pages Ashputtle, before the mother dies she tells Ashputtle to be good. Three times a day, Ashputtle would cry and pray at her mother's grave. She made wishes that were granted by a little white bird. The moral of these two tales might be that a person may be more likely to get what they want if they are good. Conversely, in Tannith Lee's When the Clock Strikes, the elements of the traditional Cinderella story remain, but the moral has been changed from good

A summary of "Great Expectations" by Charles Dickens

984 words - 4 pages who gets beat up by Pip. Because Pip beats up the pale young gentleman, he is presented with a kiss from Estella. Mrs. Havisham then pays for Pip's apprenticeship to become a blacksmith working with Joe.Pip has been looking forward to being a blacksmith with Joe for the past several years, but because he has seen and been a part of the easy life at Mrs. Havisham's, he sees this life he has been looking for, for the longest time as a life sentence

The theme of darkness in the h

1322 words - 5 pages It has been said that although Conrad may not have been "the greatest novelist, he was certainly the greatest artist every to write a novel". I feel that this is an apt description of Conrad's writing style in Heart of Darkness (1902), as he paints many verbal pictures by using expressive words and many figurative descriptions of places and people. An extensive use of words relating to colour, is evident throughout the novella. The idea of

The Compromise of 1850: A Temporary Solution

1075 words - 5 pages Compromise, according to the New Oxford Dictionary, is an agreement or a settlement of a dispute that is reached by each side making concessions. Throughout history, favored compromises, as well as controversial ones, have been made, such as the Compromise of 1850. Arguably one of the most debated compromises in the history of America, the Compromise was first proposed by Henry Clay on January 29, 1850, (pbs.org), and was intended to ease the

Similar Essays

An Internet Article Review Winning The Cost War By Scott H. Graham Is To Emphasize The Importance Of Cost Management

807 words - 3 pages The focus of the article Cost Management - Winning the Cost War by Scott H. Graham is to emphasize the importance of cost management. Throughout the article, the emphasis is on ABC (activity based costing) and its importance in being able to both track what is happening within the organization and ways to predict how costs can be cut while existing services maintained. The organization referred to within the article is the U.S. Army and the

"When The Clock Strikes": A Summary Of Tanith Lee's Retelling Of The Children's Classic Cinderella Tale

2139 words - 9 pages . Lee cleverly has the narrator pause throughout the story, commenting on the tale so far or asking the reader questions. He begins the story by describing a classic ebony grandfather clock, with porcelain figures replacing the numbers on the face. The characters aged as you went clock-wise around the face, ending with the figure of Death at the top. The narrator explains how people thought the clock unlucky, and that death would truly strike

The Language In The Red Room By H G Wells And The Signalman By Charles Dickens

911 words - 4 pages The Language in The Red Room by H G Wells and The Signalman by Charles Dickens Throughout, The Signalman has suspense and the tension is gripping, as the author, Dickens, has used exceedingly good description in the language and the setting is just perfect. Dickens had an advantage when writing this story as there were similarities between himself and some of the characters; since he had been involved in a train

Speed Control Of Linear Induction Motor

2172 words - 9 pages explaining the characteristic of V/F Speed control for Induction motor obtain the data by LabVIEW. The design and build of simulation has two parts, part one is simulation of LED indicator for motor speed recognize and part 2 is simulation of V/F speed control of Linear induction motor. Firstly, design a control function in front panel of LabVIEW, it use for a control system interface and show the LED indicator for speed control of frequency variable
Plus Size Cat Graphic Christmas Hoodie | saison 4, épisode 9 - Hau'oli La Ho'omaika'i (Joyeuse Thanksgiving) | Ziemlich Beste Freunde 2011 German Dts 1080p Bluray X265-unfired