2-2. Compare and contrast automating and learning. 2-3. Describe competitive adv

Question

2-2.   Compare and contrast automating and learning.  

2-3.   Describe competitive advantage and list six sources.  

2-4.   How do an organization’s resources and capa-bilities result in a competitive advantage?  

2-5.   Compare and contrast pipe- and platform-based business models. MyMISLab  

2-6.   What is the freemium model, and how can a business successfully use this approach?  

2-7.   Why is successful application of innovative technologies and systems often difficult?  

2-8.   How can information systems help in com-bining multiple types of innovation?  

2-9.   Using past examples, explain what is meant by a radical innovation.  

2-10.   Describe the disruptive innovation cycle.

Explanation / Answer

2.2 Compare and contrast automating and learning.

Automating – within an organization, thinking about the technology with the mind-set of automatic which provides the way for helping the task completion

Learning – the skills with creating, acquiring, transferring, knowledge and behaviour

2.3 Describe competitive advantage and list the 6 sources.

            Competitive advantage is the ability of the organizations to do something better, faster, cheaper while comparing in the market with the rival organizations. It is anything which you do better than your competition which includes business capabilities. It is a superior ability or resource that allows one firm to out complete all others in some area.

Example:

Sources of competitive advantage

2-5.   Compare and contrast pipe- and platform-based business models. MyMISLab  

          Pipes has been around the industry for long period of time. They are the leading model of the business model. Organizations innovates material, push them out and sold the customers. From the upstream the value is produced and to downstream they are consumed. Through pipe, the good are being reached to the customer.

          Unlike pipes, the materials are not innovated and pushed them out. They only allows the users to create the value and consume the value. At the platform the produce can produce the value and the consumer can consume the value in the layer of business

2-7.   Why is successful application of innovative technologies and systems often difficult?  

2.9 Using past examples, explain what is meant by a radical innovation.

            Radical innovation destroys the business model which is existing. Radical innovation blows up the existing system or process by replacing it with a new process unlike architectural innovation. It falls on the utmost end of the innovation.

            Even though, the radical innovation comes with a failure with high risk, the organizations always plan for the radical innovation. It is strategically required, nurtured, and purposeful.

2-10.   Describe the disruptive innovation cycle.

            A disruptive innovation is an innovation which tends to create a new market and the network value interrupting the existing market and the network value by relocating the well- known market leading organizations, products and alliances. Even if they are revolutionary not all the innovations are disruptive.

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