prepare an essay no less than 2500 words (excluding the references) addressing t
ID: 365620 • Letter: P
Question
prepare an essay no less than 2500 words (excluding the references) addressing the topics of distributive technologies and Technological Innovation. Examples must be specific and an application of the innovative solution must be discussed. Students are requested to follow-up the guidelines referenced below.
1. Introduction
2. Literature review
3. The Application of the technological innovative Idea
5. The Negative side of this technological innovative Idea
6. The impact of this technological innovative Idea g. Conclusion
Explanation / Answer
Introduction: Distributive technology and Technological innovation is a term in the field business administartion which refers to a an innovation that creates a new market and value network and eventually distributes between existing market and value network, leading firms, products and alliances. Technological innovations comprise new products and processes and significant technological changes of products and processes. An innovation has been introduced on the market(product innovation).
Literature review: Distributive technologies and technological innovation comprises activities that contributes to the research, development and and design of new products, services and techniques or to improve existing products and generate new technological knowledge. It is a process, product, manageraial change and creation that improves company's productivity and quality, adding value to customer. Innovation process and outcomes involving the development and diffusion in the market and society of new products, services and Organizational models. A variety of scholars from different disciplinary backgrounds have studied how people and companies create new uses for new or existing technologies and how these new innovations diffuse within populations.
The Application of the technological innovative idea: The process of translating an idea or invention into a good or service that creates a value or for which customers will pay. In business, innovation often results when ideas are applied by the company in order to satisfy the needs and expectations of the customers.The journey of an idea to to impact for an enterpreneur is based on the following:
1. How different is the business model in terms of value proposition it offers to the economy compared to the others in the market place.
2. To generate real revenue, how many share increasing strategies remain to be tried out other than the ones already tried.
3. Does the innovation generate insight, interactivity and emotional engagement that matters.
The Negative side of this technological innovative Idea:
1. Outright resistance can be can be the effect of disruption by innovation.
2. Aparticularly disruptive innovation introduced under the Khmer Rougeregime attempted to build an agrarian society around the notion of absolute self sufficiency with disastrous social consequences such as the separation of families into different work brigades.
3. Consequences of bad innovation can impact future attempts at innovative change and also can impact the perception of and openness to further innovation and change. In such cases, innovations might fail even before their implementation, regardless of their nature.
Conclusion: New ideas and ploicies are needed to tackle the global changes. Successful innovations have emerged out of various contexts, paving the way for transformative change. The new ideas generated at the Global festival of ideasfor sustainable development have to be carefully adapted to the contexts in whichthey will be implemented and innovators must be aware of the potential negative impactsof the change they plan to introduce. Instead of trying to eliminate the so called barriers to innovation, they need to acknowledge and work to overcome the sources of resistance to change. If they fail to do so, the innovations are likely to stay at the idea level.
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