Cubic Transportation Systems (CTS) is a company that integrates payment information and related services for public transportation systems around the world. Cubic has designed and engineered the smartcard technology used for some of the world’s largest public transport systems including London, Vancouver, Sydney, Chicago and New York. The company’s primary products are ticket machines, smartcard readers, fare-collection gates, transit customer support, real-time passenger information and predictive analytics. Recently, CTS has also made the move into the electronic tolling industry. As of now there are no potentially “disruptive” innovations in the market in which CTS operates. However, there has been a push in the industry towards what is
There are several emerging technologies that could help the company to gain a competitive advantage.
The major threats that we can discern is the fact that the technology is revolutionary in itself and that those types of technological advances are most of the time adopted by early visionaries. Furthermore explaining the technology to potential clients can become a challenge because the clients themselves don’t know what they are looking for and might also not be willing to consider the expenditures involved in such a project.
18. Many firms are developing so-called “C-level” specialties in emerging areas with a technology focus, such as:
The second objective is to find disruptive innovations that threaten the product roadmap and which, ideally, can be incorporated into corporate strategy to yield a competitive advantage [3].
Are there any relatively new technologies that the company believes has dramatically changed their
Technological innovation the need to approach this matter could initially be perceived as a weakness of this alternative for the simple reason that it implies additional costs. Nonetheless, the advantages of the endeavor outweigh the costs. In this line of thoughts, given that the TiVo executives agree to undergo this process of technological innovation, the Comcast executives will fully
In a highly competitive and dynamically changing market it has become imperative for the leading
CDER leadership and Vergys are now considering other strategic opportunities. Are we spending money on the right systems? Are there other acquisition strategies to promote greater competition and better outcomes at a cheaper overall cost? Are we making the best investments to reduce dependencies on legacy systems while also supporting emerging technologies?
Ecton Inc, as an innovator in the field of medical imaging is caught in a familiar dilemma that many startup companies face once they are in the final stages of a product development cycle- whether to continue with product rollout, forcing a change in the scale of operations requiring substantial capital input, OR, to get acquired by a larger organization which has the expertise and resources to ensure production, sales and distribution for the same product. In this essay, we will discuss Ecton 's proposed business model, why Ecton qualifies as a disruptive innovator, and analyse and recommend alternatives that it can take to chart out its future
Tidd et al (2000) states, “the innovation is a business process of revolving opportunity into new ideas and of putting these into widely used practice. In term of the nature, there are five major types of innovations: novelty, competence shifting, complexity, robust design and continuous improvement. While in term of the extent of change, innovations can be divided into incremental, radical and
The people would walk to the kiosk, pull out their credit card and insert it, then select the appropriate dates and destinations, and the ticket will be printed. However, people took different amount of time to perform those tasks. Teenagers took longer because they were joking around. Whereas, people in hurry were very quick in performing those tasks. As I was observing how they were performing the tasks, I noticed a person’s card would not get accepted by the system. I saw him use different cards but the system’s card reader might have been broken. He also seemed frustrated because it was almost time for departure so at last minute to have this types of problem is frustrating. The primary system was being used to perform those tasks was Quik-Trak Self-Service Ticketing Kiosk. However, I saw some people pulled out their phones to scan their barcode. Some people were constantly looking at their watches and phones as they were using the kiosk ticketing system. Some people were talking and texting on their phones while they used the system. So the system allows user to operate other technologies while they use the system. I observed other people use phone technology to print out their tickets. Amtrak allows user to make reservation online and all users have to do is go to the ticketing system and scan the confirmation barcode on a phone and it prints out the physical paper ticket. It saves time from having to enter everything on
This report contains information of the Translink Go Card. Section One explains what the card is, who developed the card, information about the history of the technology development. Also described is the reason the smart card system was introduced. How and where the card is used. The theories of Technology Acceptance Model and Technology Task Fit will be used to analyze the products impact on the individual commuters of South East Queensland. Section Two will provide information on new technology benefits that could improve the service, areas the service can improve and also enhancements to existing benefits.
Tidd and Bessant (2009) argued that “Unless an organization is able to move into further innovation, it risks being left behind as others take the lead in changing their offerings, their operational processes or the underlying models that drive their business”.
Companies need to predict the disruption effect of new technologies, but sometimes they are not appreciated at the time of invention and are ignored. Massively Open Online Courses or MOCC is currently changing the education field by offering free education that threatens expensive universities. A dilemma with new technologies is that they cannot be predicted. If disruptive events could be predicted, they would not really be disruptive, because a business then could plan for it. To lower uncertainties of dilemmas companies need to consider whether they should invest in a new technology, but their existing technology might be working fine for the moment. There is a plethora of ways a firm could be disrupted, but companies do not have enough resources or attention. Even so, sometimes firms see
Disruptive and transformational technologies typically appeal to segments of the market that are undeserved, and not to the main stream of the market (Shane, 2009). These technologies have the ability to make traditional tools and processes obsolete virtually overnight.