Process innovation, which means applying new or improved methods to the production process to increase productivity, are also implemented in Airbnb’s development strategies (). Process innovation covers a number of aspects, including technological process innovation, organizational innovation, supply chain innovation, marketing innovation, business model innovation, and production management innovation (). Airbnb has made some achievements in several fields, leading to its strong competitiveness in marketplace.
Technological process innovation
Airbnb mainly rely on its app and website to provide services and deliver values today. However, when Airbnb first started, it was just a tiny website. This limitation led to frequent complaint in the early stage that hosts responded inquiries too slowly, which catalyzed the emergence of Airbnb app.
Airbnb is trying to get more hosts and guests involved via mobile. It launched a new program called “Get Mobile”, which includes helping hosts pay for smartphones if they don’t own one. Also, Airbnb has been striving toward closer connection between hosts who have spare room and guests who needs boarding houses over the years by improving its app constantly. Users now can download the app for both Android and IOS systems, even for Apple Watch, which was released just four months after the launch of iPad app in April this year (). The technical team has been making progress in the stronger dashboard, making it easier for hosts to deal
The 1920’s were an age of economic and social change. For the first time, more Canadians lived in the cities than the rural areas. The sadness from World War One was over and people started to enjoy the feeling of freedom and independence. The "Roaring Twenties” was a period classified by innovation and prosperity. It was considered to be “roaring” because of all the new technology and the booming economy. Throughout the decade, technology, entertainment and women’s rights have put a huge impact in Canadian lives.
Airbnb, an online peer-to-peer platform founded in August 2008 and headquartered in San Francisco, enables hosts to list and rent out their own residential properties to visitors. This online platform not only offers visitors with cheaper accommodation while connecting them with local communities, but also benefits hosts financially by renting out part or all of their properties. However, while the consequence of sharing economy is positive to both visitors and hosts, there is no doubt that traditional industry such as hotel business has been affected in a negative way. As a result, Airbnb is not only under attack from the hotel industry and individuals who want to rent apartments in longer terms, but also is opposed by city authorities in terms of local housing laws, regulations and tax issues. According to recent news released on Financial Times, the New York Governor Andrew Cuomo signed a law that would impose fines on hosts who advertise short-term rentals on Airbnb, which the governor considered as a violation of current state law.
Differentiated services cycle: During this cycle all further applications must be able to adapt to the market needs. In Gore case the innovation is adjusted to address
All it takes is an idea. An idea that will inspire the soul of an innovator and lead to a revolutionary change that will forever change the hospitality industry. With employees and the right management in place, one simple idea can grow into a global multi billion-dollar business. This is exactly what transpired at Airbnb.
Amazon a retail giant that sells over 170 million products to over 20 million customers also employs 230,000 workers. The company is known for its business strategy, and innovation, but is also in news every year for its unsuccessful human resource team. The high turnover rate is not new for Amazon and the company has
The addition of technological advancement in the business has increased the competition very much. There are several companies that rely totally on the technological development as that helps them control the cost and produce a high quality product. The current environment of the business demand that this advancement should be added to all the factors of the organizations like products and services, processes performances and costs, and all other organizational activities. It is one of the main aims of the company to produce products that are demanded by the customers but on the other hand they should yield profit as well. If a product has high demand as well as very high cost, the company might not produce such product if it fails to earn profit in that.
If a firm hopes to deliver value to its customers, it is important for said firms to understand how and where value is created and potentially lost. In today’s business environment, implementing traditional value chains are resulting in firms falling behind…losing its competitive advantage. Today’s value chains are a blend of both traditional and virtual value chains. Grounded in both value chains is technology. Those firms that adopt emerging enterprise technologies are able to move at a faster pace becoming more efficient and effective than their counterparts and competition. Enterprise technology affords firms the ability to coordinate and streamline business processes/activities thereby improving the value chain.These technologies intergrate a variety of different applications, protocols and formats. The more commonly known formats are Enterprise Resource Planning (ERP), Supply Chain Management (SCM), and Customer Relationship Management (CRM). For the purpose of this paper, this discussion will focus on Enterprise Resource Planning.
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Which type of process drives the creation of products and services, is critical to customer satisfaction, and has a large impact on the organization’s strategic goals?
The car industry has constantly provided us the consumer with a wide range of choices and varieties to suit our needs, but with the vast amount of competition how do car manufacturers attract our attention. Unique designs, impressive technology, price and customer service are all the areas consumers look for in a car, to meet these demands car manufactures need to constantly come up with new ideas to stay ahead of other competitors, introducing creative ideas which are better than what was in use previously is innovation. Innovation can also be implemented internally as it can help manufacturers be more efficient and reduce costs before products are released. Depending on resources and stature, each manufacturer will manage
Airbnb is a two-sided peer-to-peer rental and accommodation online platform that integrates individuals that are interested in renting their real estate properties to those people who are attracted to short-term lodging. Airbnb was founded back in 2008 in San Francisco by Brian Chesky, Joe Gebbia, and Nathan Blecharczyk. The co-founders of Airbnb came up with this idea after lacking enough money to pay their rent. As a result, they ended up renting part of their loft to strangers to assist subsidize their rent problems. Later, they saw it as a business opportunity and developed a website that would be used as a platform for their
PHILLIP H. PHAN The Johns Hopkins University DONALD S. SIEGEL University at Albany, SUNY MIKE WRIGHT Nottingham University Business School and Erasmus University, Rotterdam We provide background information on key developments and trends in technology management education, including the managerial implications of recent public policy changes designed to stimulate investment in
While Autonomous car presents enormous potential and benefits, there is a long way to go before we achieve fully self-driving automation. Going forward, there are three areas we would like to advise on: technical innovation, policy making and industrial strategy.
* The strategies that were employed and which ones contributed most to the innovation’s success.
The business environment is becoming more and more competitive. This means that companies must develop innovative strategies in their attempt to develop their business and improve their situation on the market. There are several strategies that companies can use in order to reach these objectives. The most successful strategies rely on innovation. However, innovation requires significant investments.