A way of avoiding the discontinuous innovation and market destruction associated with radical innovation is to be able to manage the transition to new technologies that have more potential, to “cross discontinuities” effectively. Foster considers certain strategic errors to be the cause of companies’ market losses in the face of technological changes. Explain and discuss these strategic errors.
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A way of avoiding the discontinuous innovation and market destruction associated with radical innovation is to be able to manage the transition to new technologies that have more potential, to “cross discontinuities” effectively. Foster considers certain strategic errors to be the cause of companies’ market losses in the face of technological changes. Explain and discuss these strategic errors.
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- Managing Innovation—Case Study: Google Overview Before class, review the following article from your Prepare activities:Innovation Capital: The Secret Ingredient Behind the World’s Most Innovative LeadersLinks to an external site.Then, watch the following videos about Google. Google's $1 TRILLION Business STRATEGY that made it Successful: Business Case StudyLinks to an external site. Google Is Facing the Innovator's DilemmaLinks to an external site. As you review the article and watch the videos, consider the following questions: What is innovation capital? Where does it come from? Is it something that you can grow or increase? What do the world’s most innovative leaders have in common? What can you learn from them? What are the key innovation leadership skills? What have Google’s key innovations been over time? What key elements of managing innovation can you identify from studying Google? How did Google manage innovation in the beginning? How has their approach changed?…Explain the following by taking a multinational automobile company on Innovation and Design Thinking: 1. Explain in detail some of the reasons that the company might resist the adoption of a new technology? With respect to the company selected why you think technologies often improve faster than customer requirements? What are the advantages and disadvantages to the firm of developing a technology beyond the current state of market needs? 2. In what industries would you expect to see particularly short or long technology cycles? What factors might influence the length of technology cycles in an industry? 3. With respect to the company selected explain some of the ways the firm can try to increase the overall value of its technology, and its likelihood of becoming the dominant design? do fast and need correct answer with good explanation ** need correct answer ** no plagrismInstructions Read the case: Apple Watch: Managing Innovation ResistanceLinks to an external site. Read also the article Does Elon Musk Have a Strategy?Links to an external site. Note: While reading this article, students should think about how Elon Musk's decisions indicate how he addresses and overcomes barriers to innovation? Write a summary of what you learned from the articles about innovation resistance and barriers to innovation. Include the following: A description of what innovation resistance is. A list of 5 barriers to innovation. Your main takeaways from the articles. How successful innovators like Elon Musk overcome barriers to innovation.
- To remain competitive, organizations must be in a continuous state of change. Of course, most change is evolutionary, requiring small incremental changes to keep pace with current technology, consumer demands, and the market. However, the external environment may force an organization into revolutionary change, disrupting the long-standing culture of the organization, or end up facing the consequence of becoming obsolete. Consider your professional experience with a recent or past organizational planned change respond to the following questions: Describe the purpose of the change and the expected outcome. Determine the level of organizational change and what occurred leading to planned change. Identify the change model framework used for implementing change. Review the argument about combining dichotomies on exceptions to major and minor changes as you may find this approach was incorporated (Bruskin, 2019) . What aspects of the organizational change were successful and why?…In Microsoft Ltd., the software’s are developed by using a team of experts and the managers keep their employees relaxed so they can think. Only thinking without any boundaries can lead to innovation and this is what the company wants. Which organization structure Microsoft is using to have innovation in their employees and why this structure is used. Explain it in own words and provide reasoning of the answer.Evaluate (5) effective change management methods that an incoming CEO or manager could use within his or her organization to ensure the supply chain transformational project overcame any barriers to be a success.
- To remain competitive, organizations must be in a continuous state of change. Of course, most change is evolutionary, requiring small incremental changes to keep pace with current technology, consumer demands, and the market. However, the external environment may force an organization into revolutionary change, disrupting the long-standing culture of the organization, or end up facing the consequence of becoming obsolete. Consider your professional experience with a recent or past organizational planned change respond to the following questions: What aspects of the organizational change were successful and why? What aspects of the organizational change were not successful and why? Analyze the strengths and weaknesses of the change process and provide a recommendation to enhance the implementation process for a successful outcome.Technology has its own lifecycle. However, it goes through emergence, shakeout and maturity stages. a- Based on the stated technology in (A), discuss what had happened in each stage and how the transition between these stages and beyond the maturity stage1.What are some factors that make entry barriers low or high? How might low or high entry barriers affect the conduct of firms already operating in the market? Give examples. 2. Discuss how the degree of market concentration may be related to the speed of technical innovation. That is, are firms within industries of high or low concentration more likely to innovate quickly? How may market share and level of competition – low, medium, or high – be related to the presence or absence within firms of Research and Development? Give examples if you wish.
- a) What are the benefits of organisations embracing innovation? b) What are some specific examples of innovations that the tourism and hospitality industries can adopt during the Covid-19 pandemic, and what are the advantages and disadvantages of these innovations currently?Louw and Venter (2019) refer to various seminal theories of innovations, including the technology S-curve and disruptive innovation. Analyse the aspects of the technology S-curve and disruptive innovation theory in the context of strategic management.1. Which among the following technologies used in manufacturing is currently being used as the main technology in the production of wine and cheese? a. Advance Industrial Robotics b. Industrial Biotechnology c. Electric Vehicles d. Industrial Internet of Things 2. This involves machines designed to perform industrial tasks automatically, with high programmability and the capacity to interact with their environment. a. Additive manufacturing b. Advanced industrial robotics c. Industrial biotechnology d. Electric Vehicles 3. In our generation, which technological advancement is NOT TRUE? a. Technology has changed the way we interact. b. We have a new generation of home entertainment. c. There are huge improvements in our healthcare and health services. d. Modern transportation technology depends on non-renewable energy.