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Hawaii’s Hi-Tech Summit 2001 Workshop on Promoting Business Development in Technology

Presentation. Hawaii’s Hi-Tech Summit 2001 Workshop on Promoting Business Development in Technology. Ken Dozier NASA Far West RTTC 9/12/01. The Future. “When the Rate of Change Outside is Greater Than the Rate of Change Inside, The End Is In Sight”. Jack Welch, Chairmen General Electric.

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Hawaii’s Hi-Tech Summit 2001 Workshop on Promoting Business Development in Technology

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  1. Presentation Hawaii’s Hi-TechSummit 2001Workshop on Promoting Business Development in Technology Ken Dozier NASA Far West RTTC 9/12/01 USC ETTC

  2. The Future “When the Rate of Change Outside is Greater Than the Rate of Change Inside, The End Is In Sight” Jack Welch, Chairmen General Electric USC ETTC

  3. Velocity “ According to Silicon Valley CEO’s, 60 % of the high-tech items they manufacture today did not exist 10 months ago” Lon Hatamiya, Secretary - California Trade and Commerce Agency “Startups are now expected to go public within 6-18 months after venture investment” Donna Jensen, Founder and CEO of startups.com USC ETTC

  4. 1st Perspective • Knowledge is a New Kind of Asset • The foundation of industrialized economy is shifting from natural resources to intellectual assets (Hansen 99) (Davis 98) • Knowledge assets are viewed as factors of production that may be more important than traditional resources of capital, labor and land. (Davis 98) • Converging technologies and rapid innovations can transform markets Overnight . Administrative systems no longer provide the underpinnings of value creation. (Teece 98) • Reward goes to those who are good a sensing and seizing opportunities. Dynamic capabilities are most likely to be resident in firms that are highly entrepreneurial. (Teece 98) USC ETTC

  5. Global Competition • 3 Finland • 4 Luxembourg • 5 Netherlands • 6 Hong Kong • 7 Ireland • 8 Sweden • 9 Canada • 10 Switzerland Source: The world Competitiveness Yearbook IMD International USC ETTC

  6. What is Knowledge ? Truth Knowledge Belief Universal Social Personal No Debate Diverge on debate Converge on debate Cause Effect Cause 10 Philosophical Mistakes (Adler 85) USC ETTC

  7. The Future “where ... The ENIAC is equipped with 18,000 vacuum tubes and weighs 30 tons, computer in the the future may have only 1,000 vacuum tubes and weigh only 1.5 tons” “There is no reason anyone would want a computer in their home” - Ken Olson, president and founder, Digital Equipment Corp., 1977 - Popular Mechanics, 1949 “The problem with television is that the people must sit and keep their eyes glued on a screen; The average American family hasn’t time for it” “This ‘Telephone’ has too many shortcomings to be seriously considered as a means of communication. The device is inherently of no value to us” - New York Times, 1949 - Western Union, Internal memo, 1876 “I predict the internet... Will go spectacularly supernova and in 1996 catastrophically collapse ” - Bob Metcalfe, 3COM founder and inventor, 1995 “Man will never reach the moon, regardless of all future scientific advances” Lee De Forest, Radio Pioneer, 1957 USC ETTC

  8. Business Taxonomy • Knowledge Taxonomies (Teece 98) • Tacit (Social) / Codified (Explicit) • Observable[product] / Not Observable[process] • Positive (Failures)/ Negative (Successes) • Autonomous (Stand Alone)/ Systematic (Part of a System) • Protected (Patent, TM, CW) /Not Protected (Trade Secret) USC ETTC

  9. Industry Clusters(ERI/McGraw Hill,”America’s Clusters”,1995) USC ETTC

  10. The Evolution of Industry Technology-Based Manufacturing Engineering Services Business Services Information Processing General Manufacturing Motion Pictures Aviation Electronics Defense Aviation Automobile Manufacturing Food Processing Theme Parks Motion Pictures Agriculture Computer Peripherals Commercial Aviation Multimedia Technology Professional Services Television Theme Parks/ Tourism Visual Media Production Information Processing General Manufacturing Metal Products Defense Instruments Defense Aerospace (ERI/McGraw Hill,”America’s Clusters”,1995) 1990-2015 1940-1965 1965-1990 USC ETTC

  11. 2nd Perspective • Entrepreneurship Super Normal Wealth Creator • Business Environments Have Become Hypercompetitive because of the High Magnitude and Velocity of Interfirm Rivalries (D’Aveni, 94) • Innovations in Products, Services, Business Processes, and Organizational Designs are Creating Dramatic Discontinuities in Product- Market Spaces and Disrupting the Traditional Approaches to Competitive Strategies and Business Conduct (Christensen, 97) • In the Short Run, Entrepreneurial Firms Reaps Supernormal Returns (Create Wealth) as Established Incumbents and Rivals Seek to Understand the Competitive Disruptions in their Market Space.(Christensen 97) • Thus Competition Occurs in the Form of a Series of Market Disruption Moves by New Entrants or Entrepreneurial Firms and Efforts by Incumbents and Rivals to Shape Their Response Actions (Young et al 96) USC ETTC

  12. Make & Sell vs Sense & Respond Federal Agencies, SBIR: Mission Based, Linear (push) Universities: Curiosity Based, emerging, (push) Chabol (large companies) hierarchy, products based, (push) Venture: Niche markets, public trading (pull) Incubators and Science Parks created to bridge gap between development and commercialization Chart Source: Corporate Information Systems, Applegate USC ETTC

  13. Traditional Entrepreneurship Sung • Typical Waterfall model • Six Stages • basic research, development research, product and process ideas, prototype, production, diffusion • Criticisms • Too much focus on the solution “push” • basic research not the only initiator stage • relationship between research and commercialization is too complex to be linear • Users are the key “pull” to the problems and markets USC ETTC

  14. New Non-Linear Model 2001 study of startup companies across: Software telecom (35%), Bio-med (19%), Computers (16%), and Semi-conductors (10.8%) Most innovation at application stage (55%), development ( 22%), research (12%) production (9%) Age:Linearolder ( 35-45), non linear (25-35) Education:Linear more (28%P,42%M,30%B), Non Linear (7.5%P, 22%M,67%B) Experience:Linear narrower (59% research, 35% commerce), Nonlinear (37% research, 29% commerce, 17% education) Both groups agreed on success factors:business plan, leadership, technical skills, management skills, and location USC ETTC

  15. The Non-Linear Gates “Microsoft” Xerox Jobs “Apple” Xerox Clark “SGI” E&S, Stanford Clark “Netscape” University of Illinois Developers Drivers USC ETTC

  16. Market Redefinition:Radical Change Seven Organizational Change Propositions, Venkatraman 1994 USC ETTC

  17. RTTC Focus:Discovery Zmud 2001 USC ETTC

  18. 3rd Perspective • Entrepreneurial Firms Represent a New Online Community • Network computing, supported by advanced communications infrastructure, can facilitate collaborative entrepreneuralism (Teece 98) • Successful business models set themselves apart in their communication design leading to a deconstruction of traditional value chains and the emergence of value Webs. (Lechner 01) • The most critical factor for a venture business success is how to implement and commercialize lab-based technology/knowledge/ideas into actual products and/or services (Sung 01) • Entrepreneurial firms use knowledge to reshape clusters of assets in distinctive and unique combinations to serve ever changing customer needs. (Teece 98) • The key sources of wealth creation at the dawn of the new millennium will lie with new enterprise formation. (Teece 98) USC ETTC

  19. OnlineCommunity Community = Set of Agents + MediumAgents = user groupsMedium = Internet Subscribers Netiquette Self Organized Non-Commercial Culture Communities - Business Models and System Architectures: The Blueprint of MP3.com, Napster and Gnutella Revisited, Lechner USC ETTC

  20. Components of a Medium Knowledge Intention Communities - Business Models and System Architectures: The Blueprint of MP3.com, Napster and Gnutella Revisited, Lechner USC ETTC

  21. Evidence from Practice • Secondary Market Research as practiced by expert communities may be not be producing market knowledge fast enough or broad enough for modern high velocity markets • Market analysis of existing markets was not encouraging • A KMS that uses IT to gather primary market information rapidly, facilitates the complex transformation between basic research (IP) and commercialization (Wealth) • Online research for potential markets has changed the lens • MOB/WOB community is rich with profitable SMEs USC ETTC

  22. MULTI-CHANNEL SPATIALIZATION SYSTEM FOR AUDIO SIGNALSU.S. patent 5,438,623 (August 1, 1995) PROBLEM ADDRESSED separation of auditory inputs by simulation of different source locations TECHNICAL APPROACH (1) use of synthetic auditory head related transfer function (HRTF) to simulate different virtual spatial source locations for up to five auditory signals; (2) analog-to-digital conversion for noise-free processing with HRTF, and subsequent digital-to-analog conversion for presentation of modified signals to right and left ears POTENTIAL APPLICATIONS teleconferencing, aeronautical communications, virtual reality video games, command and control BENEFITS (1) binaural hearing advantages: substantial improvement (6-8 dB)in signal to noise; faster reaction times, less listening fatigue, increased perception and immersion; (2) less expensive than general purpose 3D audio displays; (3) customizable; (4) user-friendly, not requiring computer interface USC ETTC

  23. Secondary Market Research: MAP USC ETTC

  24. The Radar USC ETTC

  25. CAP Tools (Explicit) In the CAP, say you need to build a Technology Status Report. Clicking on the link, brings up more information about what is a Technology Status Report (TSR), including an example. Clicking on the details button reveals more information about the TSR. USC ETTC

  26. Market Research Repository You can sort or filter you selection Each technology list the available primary marker research we have done. USC ETTC

  27. Market Wanted Innovations • Real time • General Solution (360 sphere) • Low Cost • Head Orientation Sensitive • Set Top Box • Sound Card Add in • Listener Location Independence USC ETTC

  28. Michael Porter - Harvard University just formed ICIC (Institute for a Competitive Inner City) Recently completed a 5 year study of 100 inner city growth companies: 46% compound annual growth rate Generated on average 50 jobs/year per company for five years Annual hourly wage $13/hourhigh wage jobs at $26/hr Ride the Information Technology and Telecommunications wave Location, Location, Location INC. Magazine May 1999 Images courtesy of INC. magazine USC ETTC

  29. MOB/WOB Firm • Breakaway • On going profitable south central MOB IT Service Business • Strong Private and Public Network • No Products • Access to Capital Financing • Far West • Assisted with Business Plan • We located Physicist • Located Chip Designers • Located Short Run Factory for prototype chips • Located an Incubator • Assisting with SBIR and STTR to ensure dual use USC ETTC

  30. Leveraging Existing Network Breakaway will take lead on SBIR Phase I and Phase II (hopefully) Far West RTTC will support USC School of Engineering will support STTR work. Large Chip manufacturer is monitoring process Large Set Top Box manufacturer is monitoring process VC is monitoring process Investment Bank is monitoring process DoD is monitoring process Time to Market 24 to 36 months USC ETTC

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