Sang M. Lee

The concept of innovation is always changing. Innovation systems are no longer rigid structures, but agile and self-healing systems. And the goal of innovation is no longer limited to value-creation for organizations, but often aims for much nobler goals: namely, creating a smart future where people are happy, where organizations thrive, and where the environment flourishes. The emerging innovation paradigm for building a smart future is the practice of lived innovation. Here innovation and knowledge management experts Sang M. Lee and Seongbae Lim offer a roadmap to these new territories and their futures. Drawing upon real-world examples from across the globe, they explain the fundamentals of innovation; they introduce emerging innovation tools such as convergence management, co-creation, and design thinking; and they outline a new innovation strategy, co-innovation, by which many partners and stakeholders collaborate to achieve shared goals. Along the way, they also examine several daunting, negative impacts of innovation in the digital age---job losses, wealth inequality, and sustainability and environmental issues---in order to demonstrate why innovation must focus on the greater social good. Living Innovation is essential reading for business executives, public administrators, innovation researchers, and anyone eager to confront major twenty-first-century challenges in new ways.

Convergenomics is about the megatrends that are shaping how people behave and organizations work. In this insightful analysis, Sang Lee and David Olson describe how globalization, digitization, changing demographics, changing industry mix, deregulation and privatization, commoditization of processes, new value chains, emerging new economies, deteriorating environment, and cultural conflicts have led to what they define as a convergence revolution. Lee and Olson discuss this convergence revolution from the perspectives of technology, industry, knowledge, open-source networking and bio-artificial convergence, and they explain how human systems are transformed by what they have named convergenomics. Understanding convergenomics can lead to innovative strategic approaches and, the authors contend, more agile businesses are already employing these approaches to become and remain competitive and to generate greater value in a world radically changed by e-commerce. Business leaders and 'students' of strategy at all levels will learn from this book how revolutionary developments can be embraced rather than feared, and how technology that is potentially frightening in its complexity can be harnessed and used to enable productive collaboration and gain competitive advantage.

Convergenomics is about the megatrends that are shaping how people behave and organizations work. In this insightful analysis, Sang Lee and David Olson describe how globalization, digitization, changing demographics, changing industry mix, deregulation and privatization, commoditization of processes, new value chains, emerging new economies, deteriorating environment, and cultural conflicts have led to what they define as a convergence revolution. Lee and Olson discuss this convergence revolution from the perspectives of technology, industry, knowledge, open-source networking and bio-artificial convergence, and they explain how human systems are transformed by what they have named convergenomics. Understanding convergenomics can lead to innovative strategic approaches and, the authors contend, more agile businesses are already employing these approaches to become and remain competitive and to generate greater value in a world radically changed by e-commerce. Business leaders and 'students' of strategy at all levels will learn from this book how revolutionary developments can be embraced rather than feared, and how technology that is potentially frightening in its complexity can be harnessed and used to enable productive collaboration and gain competitive advantage.

The purpose of this text is to provide the student with a comprehensive coverage of how management science concepts and approaches can be applied to improve management decision-making. The emphasis is on the translation of mathematical modeling concepts into a presentation that is palatable to the undergraduate student of business with limited mathematical background. Manage-ment science topics are introduced by presenting realistic, practical examples in the form of small case studies. Difficult techniques are presented within the framework of working examples, stressing an intuitive understanding of concepts in the decision support perspective rather than focusing on mathematical techniques for their own sake."