Essays on Disruptive Innovation

Introduction

Innovation is an important part of continuous improvement. The current case outlines the effect of innovation in the healthcare system in India. More precisely, it highlights the application of the low cost high volume at the Aravind hospital to increase access to care for the millions of people who cannot afford ophthalmic care. Some of the concepts discussed in the case include the focus on the rural communities and the effect on performance, the business model adopted by Aravind, whether it is optimal for acquiring capital investments, and whether it maximizes social impact. The case also discusses the social ...

Innovation can be defined as new ideas that a company incorporates to meet the requirements and standards of the consumer market in order to bolster both their economic interests and the growth of the company while maintaining good relations with the consumer. Depending on the type of company and their market targets, the company can approach can handle innovation in different ways to meet its set objectives. Color Kinetics Incorporated as a company can focus on different approaches to innovation such as sustaining innovation, breakthrough innovation and disruptive innovation. In addition to relevant frameworks in place that help the ...

Of the three types of uncertainty that characterize high-tech markets, which type is ESRI experiencing most acutely? Elaborate and provide strategic implications for ESRI. Market uncertainty, technological uncertainty, and competitive volatility are those features that characterize modern high-tech market. Basically, the intersection of these three uncertainties determines further development of the innovation industry (Mohr, Sengupta, & Slater, 2010, p.34). In 1990s, ESRI faced both: technological uncertainty and competitive volatility. Market was demanding new technologies with customer friendly interfaces. Besides individual consumers, large corporations and governments were also interested in the GIS technology. New companies entered this market rapidly, which, unfortunately, ...

Executive Summary

In this consultancy report, the whole work has been discussed in parts starting with the introduction that explains the topic statement about the video games industry. The report also covers the history and the development of the video games industry with a case example of a British company HMV Retail Ltd. Through carrying out of a PESTLE analysis, the report focuses on the external factors surrounding the video games companies. Also, the report has put forth some of the major areas that any business in this industry should focus on to experience growth and formulate change strategies. The report ...

Exam Exercises

Exam Exercises According to the data received from watching the video and reviewing the article on this topic we are to give the definition of the sharing economy and articulate its main features from the management point of view. In general the sharing economy may be described as new model of economy that is based on the peer-to-peer relations of different economic actors working under the common legal framework. Sharing economy brings back the human connection to the sphere of economic transactions that used to be rather impersonal isolated field. Within the sharing economy the individuals may borrow or ...

Healthcare Discussion

Problem #1 Almost everyone in the nursing profession can remember a case in which patient admitted in the hospitals fell, or almost fell. The chances of patient fall increase with increasing age of patients and with alleviating weakness and complications. The older patients often suffer from severe harm as a result of a fall. As Director of Nursing for in a healthcare facility, if I am asked by the Joint Commission (JC) to take appropriate precautions and assessments within 5 months, I will make a strategic time-bound plan that will drastically reduce inpatient falls. As per many types of ...

iHeartMedia, Inc. iHeartMedia has creatively used technology to advance music on the internet. Some call it a matter of being at the right place at the right time. iHeartMedia may describe their success differently. They credit technology and disruptive innovation with helping them change the media landscape in a short amount of time. Disruptive innovation does not have a negative meaning as the name seems to imply. It simply means using technology creatively to create or displace markets and value, where it didn’t exist before. One famous example of disruptive innovation is Netflix’s entry into the market. What started ...

According to Clayton Christensen, the difference between disruptive innovation and innovative efficiencies is that the disruptive innovation helps in the creation of jobs but utilizes capital, helps in sustaining the innovations, and helps in improving the efficiency of innovation. Contrary to it, the efficiency innovations are just like poison choices for the companies, and they are paving the way to the stagnant economies and are destroying the job creation process. The disruptive innovation is stronger due to the reason that it prevents the economy from stagnation and helps to improve the innovative capability of the company. Clayton Christensen has ...

Introduction

With increasing globalization and changing market needs, the fresh food and fruits industry has gone through a number of changes with technological advance and innovation being key change drivers. In that respect, the industry’s players need to establish suitable strategies in their operations as well as develop new products as means of enhancing their competitiveness. In that reference, this analysis seeks to demonstrate how businesses address market needs and changing environment through application of suitable business strategies. To achieve the objective, the discussion uses the case of Fresh Tec with its introduction of SmartPac Technology into the market being ...

Innovation can be described in two categories: incremental and disruptive. With regards to a product, the next product release or the next version of a current software is known as an incremental innovation. But the innovation through which a significant change is brought into the marketplace is known as the disruptive innovation; this is when the competitors are forced to realign their strategies and they feel threatened suddenly (Schmidt & Druehl, 2008). The integration of the smartphone technology into the retail industry is a form of disruptive innovation. In general, the disruptive ideas are those upon which everyone would chuckle nervously but when anybody ...

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- General Environment Globally, it seems that Brazil is in a recession, its economy has contracted in the last 6 months. Eurozone is very close to a recession and the outlook looks very pessimistic. However, there are also certain positive indicators that could help stay recession for a while. They include indicators like trade surplus, lower Euro, lower levels of unemployment, easier lending standards and banks eager to lend. Faltering growth worldwide, increasing geopolitical risks, are pushing the US growth rates southwards. As the dollar inched way up north the commodity prices have ...

“The Power to Cure, Multiplied”

Reaction Paper to a News Article: “The Power to Cure, Multiplied” The article entitled “The Power to Cure, Multiplied” written by Bornstein (2014) and published online in The New York Times on June 11, 2014 presented relevant concerns regarding a revolutionary treatment for chronic Hepatitis C. The information disclosed by Bornstein reported the more effective method of treatment through the proposed intervention of a certain hepatologist, Dr. Sanjeev Arora, at the University of New Mexico in Albuquerque. Dr. Arora allegedly conceptualized Project Extension for Community Healthcare Outcomes (ECHO) as more effective than traditional treatment procedures at the University of New Mexico’ ...

Several efforts of the American government aimed at containing the rising cost of health care produced, inter alia, the side effect that consisted in the complication and sometimes limitation of access to health care in a convenient and timely manner. How can the quality health care be provided in the United States at lower costs and in a way that is widely and conveniently affordable to everyone? According to Harrison (2013), in the first half of the twentieth century, charitable donations to hospitals “fell below the amounts needed to keep them in operation due in part to the stock market ...

The term ‘merger’ is often misunderstood and misused, by applying freely to any and every sort of business combinations. It has, though, got a very specific inference. A merger essentially denotes a combination of two or more firms that are into same business in which just a single firm survives while the other organization or entities go out of survival. In a merger, the enduring firm obtains the assets and liabilities of the other organization(s). 1. For the corporation that has acquired another company, merged with another company, or been acquired by another company. For the above question, the two ...

Introduction

Disruptive innovation involves the whole process of creating new markets for an array of products. The idea of disruptive innovation is best explained by Christensen, C. M. (2003) as the creation of new value networks and markets, something that would cause disruptions in the existing market. Disruptive technology has created a competitive advantage for many business organizations, where a new and more superior product or service is introduced to the market. This knocks out the competitors since the products or services do not exist on the general market. Superior goods and services would, therefore, force the general existing market prices to ...

Answer to the question from Learning Task #2

Zara is a company which deals in the manufacture and retail of textiles in markets in Europe and other parts of the Globe. The company is a fast growing enterprise with a record estimated opening of a Zara store every day across the globe. The company uses a business model which is focused on making a connection between the needs of customers and manufacturing in fashion and ensuring that manufacturing meets the needs of the customers within the shortest period of time. The company’s uptake of information technology in its operations has been restricted to the use of applications which serve very limited needs ...

INTRODUCTION:

The overall marketplace has been witnessing different changes and advancements because of the increasing technological environment and globalisation. It has become important for the organisations to keep on coming up with innovative products and processes in order to remain competitive in the industry and come up with competitive advantage. The technological advancements have made it easier for the organisations to respond to the changing needs and demands of the customers along with other changing factors. This in turn results in either coming up with new innovative product or process on the part of the organisations. Hence, technology has become ...

Clinical Excellence

In a society that is as wealthy and as medically advanced as the United States is today, it is difficult to imagine that there exist shortages of anything, including medical supplies. It would seem that a priority would be given to ensure that all necessary medical supplies would be available at all facilities throughout the country. It would be most expected that the private, for profit, healthcare facilities that could afford to pay for all of the medical supplies that it needed would be fully stocked at all times. Shockingly, this is not the case.

The United States is a capitalistic society. ...