[pic]

Question 1

(a) In their essay “The new competitive landscape” Bettis and Hitt examines how technological changes alters nature of competition and strategy for firms and moving it towards a “new competitive landscape”, by firstly highlighting major technological trends driving the change and analysing the implications of these changes for strategic management research and practice.

They examine 4 technological trends that are most salient in driving the change. They suggest that the trend of (1) increasing rate of technological change and diffusion, phenomena of (2) positive feedback in industries with high knowledge content, the increasing (3) knowledge intensity in industries and availably of technology to the masses which lead to the (4) information age are the 4 technological trends most salient. Bettis and Hitt also suggested that these trends are interrelated with one another and there is no particular precise chain of causality as it is a complex social phenomena.

Finally, they analysed on the implications of these technological trends for strategic management research and practice. They highlighted 4 topics, which is the (1)increase in risk and uncertainty and decrease in forecastability, how technology also makes the (2)industries more ambiguous, the need for new (3)managerial mindset to stay current and the new (4)organisation and disorganisation phenomena.

They stated that the new competitive landscape offers a highly turbulent and chaotic environment for firms in which they need to employ new strategies to cope and concluded that more research needed to be done to fully understand the new competitive landscape and how firms can cope.

No of words: 250

(b) Technology causes firms to exist in unpredictable and chaotic environments with high degree of uncertainty in the markets, hence companies should strategically respond to it (Bettis & Hitt, 1995). Grubler (1998) mentioned 4 major trends brought about by technological development.

Grubler (1998), states that technology brings forth increase in scale, output an...

-19 -359 /1-in-5-s%e2%80%99pore-employees-work-more-than-eleven-hours-daily--survey.html /about/impacts/impact-information/topics/affordable-technologies-increased-farm-profits /iepe/textes/santangelo.pdf /publications/iespprimers/eprimer-egov.pdf /sector%20development/20060413165518.aspx 1 11 1197 16 19 1995 1998 1999 2 2000 2003 2004 2011 2012 250 254 26 3 341 345 352 4 40 49 5 50 7 87 abil account achiev acquir activ administr adopt advantag affect afford age agricultur agsci.psu.edu agsci.psu.edu/about/impacts/impact-information/topics/affordable-technologies-increased-farm-profits allianc allow also alter ambigu amount analys anoth answer apdip area aris arnulf articl asean assign attract attribut avail avers b barrier behind believ benefit better betti biggest bring brought brown budget cambridg cannot capabl capit carri caus causal chain challeng chang chaotic chief cio clock colleg communic compani compat competit competitor complex conclud conclus confirm consid content context cope corpor cost cover creat critic current curtail d daili decreas degre deliv demand depend depth design develop differ difficult difficulti diffus dilemma diminish disorganis divis done drive e e-asean e-fil e-govern easier ecitizen econom effici egov eleven employ employe encount energi ensur environ essay european everett examin exampl exclud exist experi explain explor factor failur fari farm faster feedback field file final find firm first flexibl focus forc forecast forg forth free friend fulli g gain gartner global globalis govern grazia greater group grow grubler help henc high highlight hitt hope hour id ida identifi imper implic import improv in-depth includ incorpor increas industri influenc inform initi innov input integr intens interdepend interrel interrelated introduc introduct invest involv issu j journal jun khairuddin knowledg labour lag landscap last lead learn lesser let level leverag link literatur look lower m major make manag manageri mani march mari market mass masterplan may mean meant mention met methodolog michael mindset mitig mokhtar money monopolis move muhammad must n1174378 name natur navig need new newer news novemb observ obstacl offer offic one onlin organis output page particip particular partnership pascual patricia peopl perceiv percentag perform phenomena pic play polici pool pore pose posit possess possibl pp practic precis predict press product profit project provid public question quick r rapid rate recommend redefin reduc refer relat relev remain report requir research resourc respond retriev return review richard risk roger role salient santangelo save scale schedul scienc second see serv servic sg.news.yahoo.com sg.news.yahoo.com/1-in-5-s%e2%80%99pore-employees-work-more-than-eleven-hours-daily--survey.html signific singapor singaporean skill social special ssc207 stage stakehold state stay stimul strateg strategi student studi success suggest summer supersed survey system task tax technolog telephon tend theori therefor thus time tma01 togeth topic total toward train transform trend turbul uncertainti undergird understand undp unit univers unpredict use user utilis varianc vol way webu2.upmf-grenoble.fr webu2.upmf-grenoble.fr/iepe/textes/santangelo.pdf whether will willing within word work worker would www.apdip.net www.apdip.net/publications/iespprimers/eprimer-egov.pdf www.ecitizen.gov.sg www.egov.gov.sg www.ida.gov.sg www.ida.gov.sg/sector%20development/20060413165518.aspx yahoo yield york