Resources: Managing Emerging Technologies and of Strategic Management of Technological Innovation (see attached)
Write a paper in which you consider the various tools and techniques to promote disruptive innovation of Managing Emerging Technologies and of Strategic Management of Technological Innovation.
o Evaluate how they are applied in an organization.
o Recommend tactical options to facilitate disruptive innovation implementation within your organization or in an organization with which you are familiar.
· Format your paper according to APA standards.
· Use at least two different, academic references.
This work is to be treated as a guideline to assist you with this assignment. At no time is it intended to be a final submission work and I discourage you from using it as such. Points made and topics discussed in this work should be researched further and validated by the student prior to utilizing it in their own work which will be complied for final submission to their schools.
Note: This was a particularly difficult topic to work on. I hope this helps you with your assignment.
? Evaluate how they are applied in an organization.
? Recommend tactical options to facilitate disruptive innovation implementation within your organization or in an organization with which you are familiar.
In any industry, a disruptive innovation sneaks in from the bottom, unrecognized for the potential it possesses. While the dominant players are focused on improving their products or services to the point where the average consumer doesn't even know what they are using, they miss simpler, more convenient, and less costly offerings initially designed to appeal to the low end of the market. Over time, the simpler offerings improve??"so much so that they meet the needs of the majority of users. This happened in the telecommunications industry, where routers??"initially dismissed by leading makers of the faster, more reliable circuit switches??"came to take over the consumer market.
Currently, the pace of technological innovation??"the improvements an industry creates as it introduces new and more-advanced products built upon existing products, are called sustaining innovations. The pace of sustaining innovation nearly always outstrips the ability of customers to absorb it. That creates a potential opening for upstart companies to introduce disruptive innovations??"cheaper, simpler, more convenient products or services that start by meeting the needs of less-demanding customers. Disruptive technologies have caused many of history's best companies to plunge into crisis and ultimately fail.
This habit overshooting the needs of average customers and creating the potential for disruption accurately describes the current health care industry. The least-demanding tiers of the market are patients with disorders such as simple infections. The most-demanding tiers include patients with complex, interactive problems such as a patient with a pneumonia complicated by poor health from long-standing diabetes, hypertension, and heart disease??"situations in which multiple bio-systems are involved, and cause and effect are difficult to discern.
Our major health care institutions??"medical schools, groups of specialist physicians, general hospitals, research organizations??"have together overshot the level ...
The expert writes a paper in which you consider the various tools and techniques to promote disruptive innovations of managing emerging technologies and of strategic management of technological innovations.