In business today, all advantage is temporary. In order to survive-let alone thrive-companies must be able to anticipate and adapt to change, or face rapid, brutal extinction. In Clock speed, Charles Fine draws on a decades worth of research at M.I.T.s Sloan School of Management to introduce a new vocabulary for understanding the forces of competition and making strategic decisions that will determine the destiny of your company, as well as your industry. Taking inspiration from the world of biology, Fine argues that each industry has its own evolutionary life cycle (or ''clock speed''), measured by the rate at which it introduces new products, processes, and organizational structures. Just as geneticists study the fruit fly to gain insight into the evolutionary paths of all animals, managers in any industry can learn from the industrial fruit flies-such as Internet services, personal computers, and multimedia entertainment-which evolve through new generations at breakneck speed. Applying the lessons of the fruit flies to industries as diverse as bicycles, pharmaceuticals, and semiconductors, Fine illustrates how competitive advantage is lost or gained by how well a company manages dynamic web of relationships that run throughout its chain of suppliers, distributors, and alliance partners. Packed with revolutionary concepts and tools to help managers make key strategic decisions that affect current and future performance, Clock speed shows, as no other book before it, how the ultimate core competency is mastering the art of supply chain design, carefully choosing which components and capabilities to keep in-house and which to purchase from outside.

Optimal Control and Dynamic Games has been edited to honor the outstanding contributions of Professor Suresh Sethi in the fields of Applied Optimal Control. Professor Sethi is internationally one of the foremost experts in this field. He is, among others, co-author of the popular textbook "Sethi and Thompson: Optimal Control Theory: Applications to Management Science and Economics". The book consists of a collection of essays by some of the best known scientists in the field, covering diverse aspects of applications of optimal control and dynamic games to problems in Finance, Management Science, Economics, and Operations Research. In doing so, it provides both a state-of-the-art overview over recent developments in the field, and a reference work covering the wide variety of contemporary questions that can be addressed with optimal control tools, and demonstrates the fruitfulness of the methodology.

​The decision to diversify lies at the core of corporate strategy and is one of the most important decisions for top management. Matthias Knecht introduces a new perspective on corporate diversification that extends the academic discussion and reveals substantial new insights with regards to one of the most pressing questions in strategic management: what makes a diversification strategy successful? The author introduces the dynamism of industries as the dominant force in the firm’s environment that influences the organization on all levels. Due to strategic, organizational, and managerial similarities of businesses competing in similar dynamic environments, synergistic benefits and superior economic performance can be realized through the combination of dynamic-related businesses in the corporate portfolio. This study provides a quantitative, multidimensional operationalization of industry dynamism and an in-depth assessment of the dynamism of a wide range of industries. At the core of the study lies the investigation of the performance impact of dynamic-related diversification strategies. The results provide new insights into successful portfolio construction strategies in the face of today’s dynamic environments.

G. Volpato, A. Camuffo, A. Comacchio 1.1 The background During recent years the dynamics of automotive industry and its supply chain has catalysed the attention and the research effort of a wide international group of scholars as: the International Motor Vehicle Program (JMVP) of Massachusetts Institute of Technology, the Permanent Study Group for the Automobile Industry and Its Employees (GERPISA) of Paris, and the International Car Distribution l Programme (ICDP) of Solihull. This favoured the publication of relevant studies and the growth of networks of academicians and practitioners interested in studying the patterns of industry evolution and in organising meetings to present and discuss issues of common interest. In 1992 some members of these research projects decided to organize a first conference in Berlin dedicated to the main theme of automation and organization in the automobile industry. In 1993 a second conference took place in Tokyo, followed by a technical visit to a few automobile manufacturers and components suppliers plants (Toyota, Nissan, Mitsubishi, etc.).

To succeed in today’s ever-accelerating world, speed is the name of the game. Forget “slow and steady wins the race.” The key to getting ahead is not fighting or hiding from speed, but embracing speed and using its power to your advantage. As Vince Poscente demonstrates in this rewarding and, yes, fast-paced book, speed has a unique ability to enrich your life. He empowers you to take control of your time, your tasks, your priorities, and your talents, and start making life everything you want it to be. Twenty new tips–exclusive to this paperback edition–show you how to: • recognize the difference between repetitive chores and passionate pursuits, and assign the appropriate amount of time and energy to each • mentally shatter the outdated idea that work, home, and leisure should be completely separate, and create a new, purpose-driven model of organizing your time • discover how to control interruptions, including how and when to accept them–by learning when to multitask and when to focus Speed provides amazing benefits–you become more conscious of how you spend your time, understand your authentic purpose, and find yourself more flexible and open to new opportunities. When you harness the power of speed, your life and work become less stressful, less busy, and more balanced. What are you waiting for? Praise for The Age of Speed: “The Age of Speed is your bible to surf the speed tsunami that’s overtaking business and life.” –Scott Cook, chairman and co-founder, Intuit “Thought-provoking . . . It’s time to make peace with the whoosh of your 24/7 lifestyle.” –Time “[Vince Poscente’s] counterintuitive notion of embracing speed rather than coping with it will change the way people live and work.” –Stephen M. R. Covey, author of The Speed of Trust

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