What is the Innovator's Dilemma and what is the danger to an incumbent company? How does a manager identify and cultivate disruptive technologies?
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What is the Innovator's Dilemma and what is the danger to an incumbent company? How does a manager identify and cultivate disruptive technologies?
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- How is artificial intelligence (AI) is the most interesting concept in business technology ? Explain.In The Innovator’s Dilemma, Professor Clayton Christensen asks the question: Why do well-managed companies fail? He concludes that they often fail because the very management practices that have allowed them to become industry leaders also make it extremely difficult for them to develop and adapt to the disruptive technologies that ultimately steal away their markets. One of the hallmarks of disruptive technologies is that initially they underperform the current technology on the attributes that matter most to mainstream customers. Only a few people value the disruptive technology in the beginning. What markets today are being threatened by emerging disruption that seemed unimportant when first introduced? What established industries, companies or products may be in danger? What do you foresee happening? Christensen argues that “disruptive technology should be framed as a marketing challenge, not a technological one.” Executives of companies in established industries have…Describe and analyze Technological Innovation, but also assess Pros. and Cons. of any business Company or Start-up of your choice, or your own realistic or fictional Company (choose a different one from your Midterm Company).
- Discuss what are the four main types of innovation and their similarity and difference with each other. the subject is TechnopreneurshipExplain the concept of the "innovator's dilemma" in the context of disruptive innovation and its implications for established business models.How can businesses better deal with turbulent, high-velocity markets or volatility in the business climate using various strategies?
- Provide a definition of “technological capability” and “social capability”, and describe thedifferences between them. Why can we say that innovation has a “systemic” nature?What is Technopreneurship?Why is it necessary to change? Provide examples of companies that embrace change for the betterment of their business. What are the old ways, and what changes do they bring?