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Membership in Virtua |
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Enormous increases in processing power and bandwidth are blurring the lines between the real world and the virtual one. As work, education, government, and entertainment have moved on-line, the barriers of space and time that formerly marked different parts of people’s lives have disappeared. Virtual work teams, telecommuting, long-distance learning, and electronic shopping for many have resulted in an “anything, anywhere, anytime” lifestyle, in which formerly distinct areas of people’s lives are now intertwined in cyberspace. People’s lives and their relationships with others are increasingly taking place in this electronic reality. As a result, digital technology has transformed the personal and public lives of most Americans over the past 15 years. |
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"Helicopter Parents" |
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It might not surprise you to hear that the average parent spends $2,200 per child each year on food, housing, education, and spending money. But, it might startle you to learn that the “children” being supported are aged 18 to 34. |
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Genetics Meets Innov |
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In the field of genetics, scientists develop stronger species of corn and other crops through a process known as “seed, select, and amplify.” First, they use a diverse range of seeds to grow several different varieties of the crop under various conditions, such as drought, frost, heavy rainfall, and so on. Then they select the seeds from the sturdiest and most productive strains of each generation of crops and cross-breed those with the desired trait for use in the next generation of test crops. Ultimately, over many generations, the scientists develop super-crops that produce more food, resist all types of weather and pests, and require less soil and water. |
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Companies Learn and |
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Most organisms behave like complex adaptive systems. As their parts sense and respond to conditions outside the system that constantly change, each part interacts with and influences the other parts in the system. Ultimately, this yields new patterns of behavior for the overall system. |
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Companies Become Sel |
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As firms develop a peripheral nervous system composed of sensors and a central nervous system with computers that enables the firm to learn, adapt and innovate, we have to ask, “How will those firms be organized and managed to extract the maximum value from these capabilities?” |
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