REFLECTION: DISRUPTIVE INNOVATIONS SPUR GROWTH
Disruptive innovation is an attempt to enter a market with the intention of either creating a new market with a product of finding a place among unsatisfied customers in an existing market. Though I have been involved in a disruptive innovation process, but the name was initially alien to me. However, as I reflect, I realized that to be effective and successful as a disruptive innovator, patience is absolutely necessary because others are also innovating as well. I also realized that a successful innovator has to consider a reduction of the price of its products in order to attract customers. After reading the article for this week, I reflected on a product I could successful disrupts and makes
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Being a disruptive innovator is not always an acceptable phenomenon from a cultural perspective; however, I have been a disruptive innovator in various ways. First and foremost, I had a job and business going for me, but in order to improve the capacity of my future, I considered that disrupting the convenience of luxury moments by going back to school to obtain a college degree would be more profitable in the long run. As a disruptive innovator, the action of returning to an online classroom essentially disrupted my job and affected the business in the short-term. Meanwhile, I’m patiently improving my academic pursuit and will hopefully consolidate in the long-term. According to the reading article by Christensen, Raynor, and Anthony (2003), they emphasize that patience is an attribute of a disruptive innovator, even though the pressure to have a quick growth is enormous. That is what I have done by disrupting what was incumbent in my life to pursue what I regard as an …show more content…
These are specific periods when I could not concentrate on my studies and my family was really struggling to comprehend why I had to return to school at the detriment of my job and business. It appears that I was climbing an insurmountable mountain and friends did not see what I saw in attempting to improve my mental capacity, which would also transform me into an effective person in the future. It was almost like I should return to the status quo, but I relied on my instinct and decided to press forward no matter what. Disruptive innovation takes sufficient time to prove its worth and attract skeptics but at the end, disruptive innovation can either create a new market or confront an existing market. So, while hoping to continue being a disruptive innovator to my life, I can patiently wait for the growth and pursue profitability in the long
Many corporations move to the mandate of a global capitalistic economy, and over the past quarter-century, several large multi-store retailers have experienced considerable growth. Wal-Mart is one of the leading industry giants with a presence in scores of markets that virtually all other vendors cannot compete. In a 2003 New York Times article “Ideas & Trends: Discount Nation: Is Wal-Mart Good for America?” Columnist Steve Lohrdec reported that “Wal-Mart points the way to a grim Darwinian world of bankrupt competitors, low wages, inadequate health benefits, jobs lost to imports and destroyed downtowns and rural areas across America.”
A market drive would drive innovators in medical technology to continue to make breakthroughs, creating better, more efficient medical care that would catch the attention of consumers (Rogoff
Every dime I earn working at Reynolds Community College and every grant and scholarship I receive will go towards my passion of studying human behavior and applying everything I learn to bringing every community I can reach, a giant leap forward. After receiving my associates degree in Social a Science I decided to take a year off to work towards finding what it is that I really want to pursue. I have searched for that 'something ' that will keep me intrigued and awake all hours of the night without realizing it. I have eliminated the idea of simply working to make ends meet or finding a good job to support my family and "living" outside the 40+ hours of a weekday job. I am pursuing much more and I am confident that I have found a path leading me to wake up before my alarm clock sounds instead of praying for more time.
I am Densia Wray, a sophomore at City College majoring in Political Science and possibly Public Relations or minoring in Journalism. My decision to pursue these majors came after thoroughly enjoying my Intro to Media Communications and Intro to Political Science classes, as well as my desire to create local and societal change. Although it took a while for me to make this decision, once I started listening to what I really wanted and not what I thought was wanted from me I realized what I really want to do with my life. Ever since my first real introduction to the world and its realities in my high school English classes I knew that my purpose was not to conform to what society wants from me but to challenge society to change. Over the summer
“Every once in a while, a new technology, an old problem, and a big idea turn into innovation” this quote by Dean Kamen explains that when there is a problem we create new technology to solve this problem, and when we create new technology we have innovation. This was like the 1920’s as problem turned into innovation. The 1920’s was a time of advancement from new inventions used in and outside the home, to technology that changed everyday life which impacted the decades to come. The 1920’s was a decade of numerous advancements “that shaped the future and impacted decades to come” (Alchin).
Therefore you would have to make an effort to change your mindset, which will shape you into your
Think Question #1 Sydney Martin CMN 225: Communication in Place September, 19th, 2015 Innovation is a natural part of human society, without it the human species wouldn’t be where it is today. But, in order for an innovation to make a significant impact on society the innovation must be spread throughout the many different cultures and societies on earth. Everett Rogers and Malcolm Gladwell both studied they way innovations are spread. The theories while, forty years apart, essentially the same. Rogers defined diffusion as “…the process by which an innovation is communicated through certain channels over time among members of a social system…”
Throughout history, many individuals have had the need of accessing anything that has piqued their interest. Corporations now provide a way for individuals to buy products that match their interest. Simply developing a product does not give one a chance to be successful in selling them. Some products may have competition while on the other hand, the product may not be interesting to begin with. However, advertising is what generally makes a product be either successful or a failure.
Depict me; a full-time CSR, Mother, and wife. I have always wanted to go back to college, even after I dropped out, in 2010. I have always aspired to be a Network and Technology Manager. My dreams has been put on the back burner because of my priorities. Now, my priorities have changed, so now I can finish what I have started.
Accept or reject innovations In the article Accepting or rejecting innovation written by Jared Diamond, he states the reasons about people accepting or rejecting innovations. The first reason is “relative economic advantage compared with existing technology” which means people will accept the innovations when they think they could make money and save money at the same time. The second reason is “social value and prestige, which can override economic benefit” which means social value could influences whether people will accept the innovations. The last reason is “compatibility with vested interest” which means people will accept or reject the innovations depends on their interests.
What I must remember that people are constantly catching me. Whatever I may do may be a role model inspiring others model for growth and change. Moving outside of my comfort zone can and will apply in every area of my life. If I want to succeed at a personal or organizational level then I must continually challenge myself, by trying new
Disruptive innovation describes a process by which a product or service takes root initially in simple applications at the bottom of a market and then relentlessly moves up market, eventually displacing established competitors. Most companies pursue innovations that will help them sustain the higher tiers of their markets, most
Sunday, January 31st, 2016 Internal Assessment Research question: At what extent was Apple´s innovative Apple Watch marketing strategy successful when launching the device? In recent years, cutting edge technology has been the gap through which society had maintained daily basic activities, businesses such as Apple Inc., in the attempt maintain ahead and wider the advantage over potential competitors, seek the innovative development as an important key to better meet the needs and wants of their customers in the future, this factor represents the arise of new chambers in the market as a new opportunity of growth where a proper marketing strategy that involves a correct manage of price and the product features, enabled a beneficial introductory
Eventually, I realized I wanted to be as passionate about my career as my mother was in her role as a school counselor. On the other hand, I was certain that I was not going to be a school counselor like my mother because
Aron Gwinner talked about the influence of technology in our lives and its impact on the workforce. Technology is changing drastically on a daily basis and it has blended in with our everyday lives. The tasks that are performed by human beings will be replaced by robots and automated systems, which will help employees cut down business costs. Machines cannot function alone and need help from humans to work. Since people depend on machines to an extent, there will be constant changes and growth in the IT field.