HRM628/MGMT628 GDB Solution & Discussion Spring 2012

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In 1997, Clayton M. Christensen authored a book, The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail, proposing a shocking idea: good management practices can lead to the failure of successful organizations – and the reason is Disruptive Technologies. Disruptive technology, he explains, is any innovation that disrupts current market, creates new market or changes value-network. He argues that it is very difficult for existing successful companies to take full advantage of technological breakthroughs such as the internet because the habits, which led to success, get in the way and as the change is inversely proportional to the organizational size so it is difficult for them to change.

Question:
As there is a solution of every problem, what can be the possible solutions for dealing with disruptive technologies? Discuss with appropriate reasoning.

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Please Discuss here about this GDB.Thanks

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HRM628+GDB+Solution

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HRM628 GDB Solution Spring 2012 

One more idea solution

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Question.

As there is a solution of every problem, what can be the possible solutions for dealing with disruptive technologies? Discuss with appropriate reasoning.

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Disruptive technology is the bearer of tremendous opportunity and equally a harbinger of obsolescence. Technology’s impact on society and business is substantial, if not underestimated. As technology continues to become part of everyday life, it becomes disruptive in how people communicate, work, and connect. The evolution of society and technology happens with or without adaptation or understanding. And, it’s contributing to a very real phenomenon of Digital Darwinism, a situation where organizations are faced with a need to adapt to markets and customer behavior or risk a loss in favor, competitive advantage or worse, irrelevance.

Disruptive technology requires much more than visibility and activity. To master these platforms requires presence and a commitment to steer thoughtful activity within value networks to the benefit of your organization as well as the experiences of those who define it.

Disruptive technology as the innovations that emerge without expectation to introduce a new market and value network at the expense of an existing market and value network. The reason this is an important discussion right now is that many organizations are investing in emerging technology for customer engagement, metrics, marketing and advertising, internal collaboration and education, HR, product develop, etc., without the clearest picture into overall direction, long term strategy, or even a deep understanding of the expectations and obstacles that exist among customers and employees.

To compete for the future, requires a full assessment of how some of the biggest trends in technology impact your business or markets today and how they will influence behavior in the future. While this list may alter, expand or contract based on your industry, the image below should provide a glimpse of just how expansive the landscape is, and while not every technology is affecting the bottom line today, elements are beginning to change the way decisions are made and how people work with one another. At the very least, the golden triangle of cloud, mobile, and social provides a hub to begin the evaluation of both technology and human behavior.

To chart a new course toward relevance, here are five initial steps to consider…

1. Assume that there is a surplus of confusion among users and decision makers within organizations and customers on which technology is trending versus technology that is showing signs of becoming or already is disruptive. Discovering the difference and prioritizing what’s important is critical.

2. Understand that the role of CMO and CIO is becoming closer than ever before. With marketing investing a significant percentage of the overall technology budget now and over time, the “I” in CIO may need to represent innovation to help lead more informed decisions from the inside.

3. Task an existing organization, external partner or develop a new task force to evaluate technology to improve the infrastructure of how your business works, cultivates relationships with customers, employees, and stakeholders, designs better products and services, and demonstrates competitive advantages.

4. Deploy this team to measure technology against a myriad of factors that are important to your business and assess which technologies are worthy of implementation, financial investment, acquisition or experimentation.

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5. Re-align the team against a renewed vision, mission and purpose and train employees to use these technologies to achieve desired objectives at the enterprise, LoB, and functional levels…to meet customer and employee expectations and steer delightful experiences.

These are the times when getting caught up in technology, value, and new technology is often mistaken for innovation that inflates the dreaded bubble. What we don’t need is to invest in the wrong technologies simply because posts are constantly written with the “top 10″ ways to grow our business with said platform. While we can watch them grow, the real focus should be on the development of a formal system that measures impact and prioritizes resources around it accordingly.

www.vustudents.ning.com

 

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its an idea make in your own words

GDB Question.

As there is a solution of every problem, what can be the possible solutions for dealing with disruptive technologies? Discuss with appropriate reasoning.



Solution:

Disruptive technology is the bearer of tremendous opportunity and equally a harbinger of obsolescence. Technology’s impact on society and business is substantial, if not underestimated. As technology continues to become part of everyday life, it becomes disruptive in how people communicate, work, and connect. The evolution of society and technology happens with or without adaptation or understanding. And, it’s contributing to a very real phenomenon of Digital Darwinism, a situation where organizations are faced with a need to adapt to markets and customer behavior or risk a loss in favor, competitive advantage or worse, irrelevance.
Disruptive technology requires much more than visibility and activity. To master these platforms requires presence and a commitment to steer thoughtful activity within value networks to the benefit of your organization as well as the experiences of those who define it.
Disruptive technology as the innovations that emerge without expectation to introduce a new market and value network at the expense of an existing market and value network. The reason this is an important discussion right now is that many organizations are investing in emerging technology for customer engagement, metrics, marketing and advertising, internal collaboration and education, HR, product develop, etc., without the clearest picture into overall direction, long term strategy, or even a deep understanding of the expectations and obstacles that exist among customers and employees.
To compete for the future, requires a full assessment of how some of the biggest trends in technology impact your business or markets today and how they will influence behavior in the future. While this list may alter, expand or contract based on your industry, the image below should provide a glimpse of just how expansive the landscape is, and while not every technology is affecting the bottom line today, elements are beginning to change the way decisions are made and how people work with one another. At the very least, the golden triangle of cloud, mobile, and social provides a hub to begin the evaluation of both technology and human behavior.

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Solution:Disruptive technologies are not always disruptive to customers, and often take a long time before they are significantly disruptive to established companies. They are often difficult to recognize. Indeed, as Christensen points out and studies have shown, it is often entirely rational for incumbent companies to ignore disruptive innovations, since they compare so badly with existing technologies or products, and the deceptively small market available for a disruptive innovation is often very small compared to the market for the established technology.Even if a disruptive innovation is recognized, existing businesses are often reluctant to take advantage of it, since it would involve competing with their existing (and more profitable) technological approach. Christensen recommends that existing firms watch for these innovations, invest in small firms that might adopt these innovations, and continue to push technological demands in their core market so that performance stays above what disruptive technologies can achieve.Examples of disruptive technology (current and historical) include:• VOIP, which is destroying voice telecoms revenues while increasing data revenues. Theinternet in general has both created and destroyed many markets.• Digital cameras, which are destroying the market for photographic film, but at the sametime creating markets for storage devices and photo printers.• Railways, which displaced many forms of transport such as canals while creating demandfor fuel, steel and other materials they needed. They also encouraged the emergence ofnew services.• Video recorders and television hugely reduced the cinema industry, but the film industrybenefited from new income streams.• Wikipedia has replaced Traditional encyclopedias books.