The great ongoing demands for performance not only great aspiration, realization of weaknesses and possible outcomes, sometimes it demands even more, something, that is called sacrifice. To achieve an astounding heights in the innovation sphere amazing structures should be built, which must totally control the development process and pretty frequently come up with a new, cutting edge ideas. There are two sides to the river, where one is innovative idea and the other one - implementation, aims to embody that as a lifestyle or to position the product as a leading unit on the market. The high-tech cluster is the name of present day power, making progress to move forward. However, this power demands a huge amount of 'start up' energy, and this issue is not only about funding, but the supporting sphere, which includes universities and human resources that will be able to bring forward new ideas, the readiness of the market for the product of the idea. All of that must give a clear understanding that most of possible old style circumstances will be bypassed. There are few companies in the world that may afford such a great risk with developing a new idea, but plenty of governments can. The question is what kind of support do high-tech clusters need from the government and do they need this support for a long term to provide a profitable growth? According to Saxenian, a high-tech cluster is a highly organized commercial structure which contributes collective investigation and a variety of adjustments, based on a scientific approach, in case of changing conditions that created by producers of complex (Saxenian, 1998). Clusters enable the business sphere to be tightly close to all changes in high technology markets which gives a great field for international competition. But it does not mean at all, that knowledge within the cluster must be strictly restricted. As an example, collaboration of SkTech (Skolkovo Foundation) and MIT ( Massachusetts Institute of Technology) could be shown, which gave a great break through for Russian ' Silicon Valley' in case of acquiring a great experience that must show perceptible impact on education system development ( Vekselberg, 2011). That gives a clear understanding that firstly, cluster demands a highly educated employees to be sure in moving in a right direction and be responsible for future generation of engineers. The next point is that a cluster needs a variety of services, such as supplying, financial and trade services, which may be run by companies that have a high interest in a particular business sphere. For example, SkTech has already 46 investing companies, and plenty of them are overseas companies, that invest their money in order to have a yield with using products or ideas of SkTech, meanwhile supplying Skolkovo research centre with necessary facilities. High-tech clusters require universities for research work or they may found a new university, as SkTech did. Also a government's 'helping hand' may give a positive impact on the development of a just emerged cluster. When all cards are in the pack, the innovative industrial structure with a deep knowledge is likely to appear, but it is always easier said than done. It is widely believed, that government can play a significant role in providing clusters with suitable macro economic conditions, encouraging the micro economic situation and setting up favourable regulations. According to Michael Porter, professor at Harvard Business School, the role of the government in cluster upbringing is to create an upgrading atmosphere for further development, promotion and opportunities for an efficient negotiations in order to make members of the cluster think together and more productively ( Porter, 1998). Once an opportunity of starting up a high-tech cluster is taken by government a balance of powers on a world political field may change significantly, if the effort was done proficiently. Success in developing of the innovative…
[EIGHT] WHAT INSPIRES THEM: SCIENCE FICTION’S IMPACT ON SCIENCE REALITY
You can never tell when you make up something what will happen with it. You never know whether or not it will come true.
The Science Fiction Museum and Hall of Fame appropriately stands in the shadow of Seattle’s futuristic landmark, the Space Needle. Set in a multicolored, globular Frank Gehry-designed building that looks like a cut-up guitar (a “ridiculous . . . monstrosity of postmodern architecture” is…
principles of business enterprise, an economic basis that evolved into the wealth of nations. It was not founded on entitlement to financial success or even individual survival. Yet, the history of the New Deal and public support in the 1900s are what many citizens believe represent U.S. ideals.
It can be argued that for a very short time, the federal government was interested in protecting individual citizens against the shortcomings of a laize faire economy because the government began to protect…
22 January 2013
What High School Was and Is
Though we as adults come from diverse backgrounds and have experienced a plethora of individual challenges and experiences, Americans share a common milestone: high school. Understandably, attending high school in an intercity environment versus a rural setting may have an overall different social dynamic and psychological impact, but as far as the general goals of the secondary education system are concerned…
What defines a high-performance healing environment?
A high-performance healing environment is more than, the “creation of an environment that is not just verbalized, but actually lived an optimal healing environment for physicians, employees and patients where care and nurturing attitudes are directed toward all of the players will result in an environment where the patients will thrive” (Jacobs, 2008, para 4). High performance environments go beyond saving energy. They take into account a wide…
the cover of the magazine, creates an illusion that the public sees as a truth that Zuckerberg has some sort of power over society. Assumptions of subjectivity operate in the image because people create judgements based on personal interpretations of what he or she sees.
The image of Zuckerberg placed on Time magazine labeled as "Person of the Year" is the perfect example of how the image can create illusions for the public eye. According to The Theory Toolbox: “Author/ity”, authors are everywhere…
All the major manufacturers of smart phone devices have recognized the new trend in the market. 1With over five million businesses using apps as a means to get work done within the business specialist apps have created for businesses have allowed them to be efficient and more cost effective. This has helped the economy by generating vast amounts of revenue in terms of income for the firm as well as taxes for the government.
Digital innovation calls for social change in places like china where the…
“MARKET ORIENTATION IN THE HIGH-TECH INDUSTRY OF
THE BENELUX COUNTRIES WITH SPECIAL REFERENCE TO THE
The article mainly talks about the market orientation and its impacts to the high-tech marketing environment, such as the microelectronics market segment is a high-tech business, and for further studies, it compare European and US high-tech industry with each other in the article, and the points tells that a different characteristic has different company’s structure.
THE STORY OF A HIGH-TECH ENTREPRENEUR IN A LOW-TECH WORLD
INTERNATIONALIZATION OF SMALL AND MEDIUM ENTERPRISES
PREPARED BY: LAURA PLANTJE
PREPARED FOR: ERNESTO TAPIAS-MOORE
MARCH 9, 2011
Monique Maddy is a Harvard Business School graduate turned visionary entrepreneur who founded Adesemi Communications International. Adesemi was supposed to revolutionize the information technology sector in her home continent of Africa, by enabling thousands of…
A&D High Tech is a US medium size company that started to operate in the business of computer systems products and services in 1988. Due to fierce competition and decreasing profit margins, the company founder and CEO was seeking other growth opportunities by adopting two new strategies, namely:
* Increasing sales nationally
* Utilizing modern technology to increase operational efficiency
The company online store was the answer that would enable A&D High Tech to realize both…
Case 9 in your textbook
* Answer the all of the questions at the end of the case study
Case Study – Amazon.com, Inc – Retailing Giant to High-Tech Player?
1. Complete a table on key ratios:
* Current Ratio - Current Ratio = CA/CL
What the current ratio does measures if the firm has enough resources to pay its debts over the next 12 months. Comparing current assets to current liabilities.
Current Assets | Current Liabilities |
Cash $10,500 | Accrued Expenses $6,000 |