U.S. Companies Not Keeping Pace with New Competitive World Order in Technology and Telecom, Study Finds
Survey of U.S. Tech Executives Shows Only One-Third Formally Track and Assess Competition Despite Growing Concerns About Competitive Intensity
REDWOOD SHORES, Calif., Feb. 24 /PRNewswire/ -- A new world order of competition is emerging in the global technology and telecommunications industries. But most North American companies are not keeping pace with the changes, according to a new study conducted by two executive thought leadership organizations, in cooperation with global management consulting firm A.T. Kearney.
samsung
In fact, two-thirds of the more than 300 North American executives surveyed say they have not even instituted formal practices for tracking and analyzing their competition.
Good reading, mathematics, and computer skills are needed to study technical manuals, to keep abreast of new technology.
computer repair
"Computer industry analysts estimate that some 60 percent of all corporate data exists only on desktop and laptop computers, " said Walter Scott, CEO of Acronis. "Incorporating Acronis True Image with New Mexico Software backup server is the ideal solution to capture that corporate data and ensure that it is not lost. While traditional server backups are effective for protecting server data, every company should have a combination of server and workstation backup plans."
used computers
The study, Crunch Time: The Competitiveness Audit, was conducted in late 2004 and early 2005 for the Business Performance Management (BPM) Forum and Chief Marketing Officers (CMO) Council. Its findings were announced here today at the A.T. Kearney Global Tech+Telecom Competitiveness Summit. The study shows North American executives are acutely aware of increasing global competition. Approximately 90 percent of survey respondents said they expect competition in their sector to intensify in the next two years. Less than one percent anticipate a decline.
Discount computer accessories for your home computer or laptop allow you to keep pace with exciting new technologies. Given the rapid advance of digital accessory technology, consumers are often forced to choose between staying current and going broke. Fortunately, there are ways to shop for digital computer accessories and keep your costs down at the same time.
network
About the IBM Research Division IBM Research is the world's largest information technology research organization, with about 3, 000 scientists and engineers in eight labs in six countries. IBM has produced more research breakthroughs than any other company in the IT industry. For rmation on IBM Research, //www.research.ibm.com. IBM
digital cameras
The study underscores a dramatic realignment of global competition, including the rapid rise of China and India as important new centers of competition. In fact, U.S. executives point to China as a source of competition over the next two years nearly as often as they do other U.S. companies.
You searched for information on battery and laptop computer. Your new compaq laptop battery comes in a discharged condition and must be charged before use (refer to your computer manual for charging instructions). Of course, once you decide on the laptop computer battery you need, you will want to receive it right away. Plug battery pack into DC input of your laptop computer which is located in backside of laptop usually. Toshiba laptop battery laptop batteries, laptop battery, toshiba laptop battery, batteries for laptop computer.
desktops
cognos
North American companies are increasingly turning to offshore operations and outsourcing as a means of coping with overseas competition, the study found. While respondents cite the cost of skilled labor as the most important factor driving offshoring decisions, it's not the only one. Access to local markets, innovation capacity and speed, and access to intellectual capital also were identified as important drivers.
hosting
netfinity
"U.S. companies risk falling behind global forces that are reshaping the competitive landscape in technology and telecommunications," said John Ciacchella, a vice president in A.T. Kearney's High Technology Practice. "The shift from enterprise to consumer, new global players from China and India, industry consolidation, and next wave technologies, such as VoIP, digital media, 3G, broadband to the home and WiFi/WiMax -- are all factors driving big dislocations in the market. U.S. executives clearly feel the pressure of these changes and most rate their efforts to respond as fair to good. This is not good enough. Too few are putting in place the formal processes needed to adequately assess, act and measure their progress in this more intense competitive environment."
internet
cheap computer
Respondents said their competitors have become larger, more agile, more numerous -- and decidedly more international. Yet, only about one third indicate their companies have instituted formal processes or developed a formal function for assessing their company's competitive position in their industry. Some 54 percent of respondents said "informal discussions as a part of business meetings" constituted their approach to measuring competitiveness. Surprisingly, the lack of a structured and disciplined approach to competitive assessment was even more pronounced among larger companies with revenues of $500 million or more.
digital camera
printer
Of those respondents who rated the competitive preparedness of their companies, about 47 percent rated it as good or above average, and 53 percent rated it as average or below.
xseries
maxtor
North American executives point to a series of trends influencing the competitive landscape. Chief among them: emerging technologies, industry consolidation, new entrants into their markets, and the emergence of new geographic markets.
data storage
hitachi
Asked to identify the three countries where they expect to see the greatest competitive challenges over the next two years, approximately 63 percent named the United States, 59 percent named China, and 45 percent named India. Korea and the United Kingdom were tied for a distant fourth at 14.6 percent each, followed by Germany with 13.5 percent. Indicative of the shifting balance of power in the global technology industry, only 11.5 percent identified Japan, which had long been considered a technology powerhouse.
rational
websphere
Respondents to the A.T. Kearney Crunch Time survey identified three disciplines as nearly equal in importance to improve competitiveness: product and service innovation, improving customer intimacy and experience, and strengthening overall strategic positioning. Three other disciplines -- managing operational complexity, managing a company's organization, culture and leadership, and optimizing capital deployment and governance -- were rated as significantly less important.
battery
it support
"Many overseas technology companies excel today in the very disciplines that North American executives say are crucial to driving competitive performance in their industry sectors," said Donovan Neale-May, executive director of the BPM Forum. "Indian IT outsourcing companies like Infosys and Wipro have built exceptional customer intimacy and dependency with North American customers. Chinese companies such as Lenovo and Huawei have established strong strategic positions and brands in markets traditionally dominated by U.S. companies. Korean multinationals, such as Samsung, are now leaders in product innovation."
western digital
music
While respondents say product and service innovation remain the most critical elements of competitive success in technology and telecommunications, their approach to innovation appears to be conservative. Asked to identify the most important actions their companies are taking to improve product innovation, some 71 percent pointed to improvement of existing products and services, followed by bundling product and service offerings (52 percent) and continuous investment in R&D (48 percent). Investments in new products and services outside of the core business ranked fifth, with only 29 percent of respondents choosing this as one of their top three actions.
networks
toner
"At a time when emerging competitors are going global and consolidation is happening in both software and hardware markets, U.S. companies are trying to protect their core business first and foremost," said Ciacchella. "The question is whether this approach is too conservative when traditional market segmentations like PCs, TVs, phones, music players, enterprise software, etc., are breaking down due to the impact of new technologies and companies are using these technologies to change the marketplace. For instance, Apple with music, Microsoft with the recently released media center for home entertainment and Delphi with myXM. U.S. companies will need to be more innovative in how they leverage these technologies not just to make their products better, but to fundamentally change the customer experience."
cheap laptops
wholesale
The report also questions the low priority executives give to managing operational complexity and optimizing capital deployment as requirements for competitive success. Both of these factors have tremendous impact on a company's ability to expand and grow, the report says.
brother
netvista
About A.T. Kearney
camera
networking
A.T. Kearney (http://www.atkearney.com/ ) is one of the world's largest management consulting firms. With a global presence that includes more than 60 offices in 37 countries, spanning major and emerging markets, A.T. Kearney provides strategic, operational, organizational and technology consulting and executive search services to the world's leading companies. A.T. Kearney is the high-value management consulting subsidiary of global business and technology services leader EDS (NYSE:EDS) .
sharp
cheap
About the BPM Forum
windows
monitors
The BPM Forum is a high-level, invitation-only thought leadership forum that targets senior level executives in operations, finance and information technology, as well as those serving on corporate boards worldwide. The Forum helps advance the understanding of business performance management techniques, technologies, and processes in global enterprises. Heightened concerns with corporate governance and accountability have created growth opportunities in the market for BPM solutions -- expected to grow to $20 billion by 2005. The ability for enterprises to collectively engage in the process of embracing business performance management practices and solutions has become a critical corporate mandate. Driven by demands for improved operational dexterity and corporate governance, the BPM Forum helps research, develop and promote cutting-edge methods to strengthen financial management disciplines, drive performance accountability, tighten budgeting and planning practices, strengthen operational visibility and insight, and ensure performance improvements across large organizations.
linux
computer support
More than 500 companies are currently represented as members of the BPM Forum which is sponsored by Hyperion, accounting for well over $400 billion in aggregated annual revenues. These include: ACL Services, Accenture, Ameritrade, Bank of America, BearingPoint, Inc, Biz360, Booz Allen Hamilton, Canadian Imperial Bank of Commerce, Canon, Chordiant, Citgo, Citrix Systems, Inc., CNL Hotels and Resorts, Commonwealth Bank of Australia, Deloitte Touche, Daimler Chrysler, Fidelity Investments, FileNet, Fujitsu, The Gap, GEAC, General Electric, Harper Collins Publishers, Hewlett Packard, Hitachi, JP Morgan Chase, IBM, ICN Pharmaceuticals, Inc., National Scientific Corporation, Oracle, Phelps Dodge Corporation, Pinnacle Technology Partners, Inc., Porsche, PPG Industries, Inc, Price Waterhouse Coopers, Quest Industries, Inc., Sabre- Holdings, Safeway, Inc., Saks Incorporated, San Jose State University, Siebel, Singapore Power, Southwest Airlines, Staples, Inc., Starwood Hotels & Resorts Worldwide, Inc., Stratascope, Inc., Sun Microsystems, Symantec, T. Rowe Price, TCF National Bank, TD Bank Financial, TEK Digitel, Tickets.com, Toshiba America, Tyco International, Verizon and many more.
used laptops
cameras
About the CMO Council
scanners
panasonic
The CMO Council is a global affinity network dedicated to high-level knowledge exchange, thought leadership and personal relationship building among senior marketing and brand decision-makers in the global technology industry. Based in Silicon Valley, the Council works to further the stature, credibility, influence, and understanding of the strategic marketing function among business executives, opinion leaders and critical stakeholders in the technology sector. Nearly 1,200 technology companies are currently represented on the CMO Council, accounting for well over $500 billion in aggregated annual revenues. These include top decision-makers controlling more than $45 billion in global marketing expenditures for many of the world's foremost computer systems, software, networking, communications, consumer electronics, component, distribution, and consulting brands. For more information, please visit our web site at http://www.cmocouncil.org/ .
workstation
The CMO Council is represented through regional chapters which convene in technology centers worldwide under the auspices and administration of GlobalFluency, the Independent Network of Influence. Spearheaded by Silicon Valley-based Neale-May & Partners GlobalFluency consists of 84 offices employing over 350 professionals in 65 countries. Together these organizations represent more than $50 million in billings from scores of clients across the information technology communications systems integration and Internet service sectors. More information is available at http://www.globalfluency.com/ .
