Chander Velu

Quantum technologies (QT) are rapidly advancing from scientific propositions to commercial realities. QT leverage quantum mechanics, the physics of sub-atomic particles, to deliver functionalities and performance that are otherwise impossible to obtain. QT have already transformed our daily life through the development of superconductors, lasers, and modern medical imaging. However, the next generation of QT goes further by manipulating previously unexploited quantum phenomena to enable a wide range of new applications, which will have a transformative effect on production, business ecosystems and the innovation strategy of the coming decades. This open access book aims to provide the conceptual frameworks to better understand the economic and managerial implications of this dawning phenomenon. Chapters include discussions of quantum computers, quantum communications, and sensing, imaging and timing technologies, providing succinct descriptions of the technology and theory and devoting analysis to the expected business and organisational impact of these breakthroughs. Strategy and innovation management, sustainability potential and ethics will be explored. It will be of great interest to scholars of innovation, strategy and entrepreneurship, as well as practitioners and policymakers looking to better understand the future of business.

What strategic challenges are faced by both start-ups and incumbent firms, and what opportunities do these challenges create for business model innovation? Focusing on the underpinning theory and concepts of business models, this book identifies new business models capable of creating sustainable competitive advantage, and guides readers through their implementation. A detailed introduction outlines current research in business model innovation (including directions for future research) and global business cases are applied throughout to illustrate key issues. Topics covered include market creation, leadership, digital technology adoption, small- and medium-sized enterprises, start-ups, sustainability, socio-economic development and conduct risk. Also discussed are the principles of the architecting economic systems, the role of government in influencing business models design, and how organisational structures must adapt in the context of business model innovation.

What strategic challenges are faced by both start-ups and incumbent firms, and what opportunities do these challenges create for business model innovation? Focusing on the underpinning theory and concepts of business models, this book identifies new business models capable of creating sustainable competitive advantage, and guides readers through their implementation. A detailed introduction outlines current research in business model innovation (including directions for future research) and global business cases are applied throughout to illustrate key issues. Topics covered include market creation, leadership, digital technology adoption, small- and medium-sized enterprises, start-ups, sustainability, socio-economic development and conduct risk. Also discussed are the principles of the architecting economic systems, the role of government in influencing business models design, and how organisational structures must adapt in the context of business model innovation.