EconAir

Corporate Growth Strategies  INTRODUCTION The ideas and analysis of the prior chapters can be used as the basis for corporate strategies to drive corporate growth and development. The trends and dynamics of economic development and economic growth determine corporate strategies. This chapter will use the ideas of opportunity cost, the role of information systems, and the mix of defensive and innovation strategies to explore corporate strategies. It is not just a question of corporate growth. It is also a question of corporate survival. Statistical evidence indicates large public companies are disappearing at increasing rates. Companies and their managers have to adapt to changes in the external environment if they are to stay competitive. They must react when there are changes like a shift in consumer tastes, new production technology, new competing products or services, new software to manage the company, new competitors, or changes in the macro economy.  Survival in the...

  Introduction to Economic Theory   It’s not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change. Charles Darwin                                               Introduction and Summary Economic theory, generalizations about economies, and economic history began as attempts to understand the Industrial Revolution. The economic theory posts on this blog describe and analyze economic development and economic growth since the start of the Industrial Revolution in the late 1700s.  Some writers describe the current economic trends as the Fourth Industrial Revolution. Other observers and commentators believe that information and communication technology and applications have become so central to the economy that we are in the Information Revolution. And others believe that we are at the beginning of the Biotechno...

  By Dennis Schuchman   Everyone is saying that AI is about to change the world, and they’re right. After  decades of missteps and false promises, AI is coming of age and it will change the  world in ways that I can’t even imagine.   I’ve been in the computer industry for over 40 years now, but I’m not a computer  scientist. In fact, I’ve never even taken a computer science course. I’ve learned a  number of programming languages, how various operating systems work and how to configure hardware and software systems and networks to create computing  environments that let users get their work done. So, I’m not a scientist, but maybe more of an engineer. Or maybe just a mechanic. When it comes to AI, then, I’m just as much an outsider as anyone. Well, almost.   I think that the way the media present AI gives people the wrong idea of what it’s about. People seem to think that AI combines the best of human brilliance with cold, hard computer logic....