Value Chain

Technological Interdependence

Sophistication of new technologies and the increased reliance on the application of new technology by business has produced several different forms of interdependence for companies:

  Systems Thinking value for business VadiK holistic thinking

 

 

between industry and R&D institutions and other sources of external research

 

Shift from Linear to Systemic Innovation

 

 

 

technology chain supply chain, production, and customer relationship management - the application of a new technology in one of these requires changes in the operations of others

 

Growing Value of Systems Thinking for Business

Systems

 

 

 

 

products and processes the focus of technological advance may shift interconnectedly between one and the other

 

Synergy

Synergistic Innovation

 

 

 

new product or service development jointly by several firms through collaborative R&D, and cooperative technology agreements

 

Systemic Innovation

Technological Innovation

 

 

 

 

outsourcing of some new product development phases, e.g. product design or rapid prototyping, to specialized firms

 

IDEO a leading product design company

 

 

 

different functions within the firm, e.g. manufacturing, distribution, human resources and marketing

 

Master of Business Synergies (MBS)

 

 

 

overlapping and merging technologies that cause interdependence between previously separate industries, e.g. merging of information technology with communications or entertainment


integration of artificial intelligence (AI) technologies in various business functions and creative activities