Innovation and emerging technology: Be disruptive

Start Date: 02/23/2020

Course Type: Common Course

Course Link:

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About Course

‘Disruption’ has become a buzz word in the business world. But what is a disruptive change-maker? In this course you will learn how to deploy disruptive strategic thinking to develop or protect your organisation’s competitive advantage. The most innovative and successful companies have all fundamentally disrupted and reshaped existing industries, or created completely new ones. But which strategies and technologies can you use to be disruptive and take the next step for your organisation? Via structured learning activities (video lectures, quizzes, discussion prompts and written assessments) you will enhance your ability to think strategically and become your organisation’s disruptive change-maker.

Course Syllabus

Change and disruptive innovation
Enablers, not drivers
Business models
Disruption and Digital Platforms

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Course Introduction

Innovation and emerging technology: Be disruptive, inform, and innovate Develop a mindset and approach for innovation and emerging technology. Innovation and emerging technology: Be disruptive, inform, and innovate is the course for you if you are looking to make a major impact in your field. This course will cover topics such as innovation strategy, innovation methodology, defining objectives, how to build innovation teams, and how to coordinate diverse organizations in transition. The course is specifically focussed on topics relevant to the transition of emerging technologies, including technology transitions, changes in market models, new business models, and innovative financing. During this course you will be able to: 1. Toe the Line yourself if you are being recruited 2. Toe the Line of other companies if you are being funded 3. Toe the Line of management if you are being led 4. Toe the Line of investors if you are being funded 5. Toe the Line of customers if you are being financed 6. Toe the Line of employers if you are being funded 7. Toe the Line of colleagues if you are being followed At the end of this course you will be able to: 1. Explain the significance and relevance of global technological trends 2. Recognise and describe current trends and issues 3. Identify key challenges and areas of innovation 4.

Course Tag

Strategic Thinking Business model innovation Technological

Related Wiki Topic

Article Example
Disruptive innovation A disruptive innovation is an innovation that creates a new market and value network and eventually disrupts an existing market and value network, displacing established market leading firms, products and alliances. The term was defined and phenomenon analyzed by Clayton M. Christensen beginning in 1995. In the early 2000s, "significant societal impact" has also been used as an aspect of disruptive innovation.
Disruptive innovation The term disruptive technologies was coined by Clayton M. Christensen and introduced in his 1995 article "Disruptive Technologies: Catching the Wave", which he cowrote with Joseph Bower. The article is aimed at management executives who make the funding or purchasing decisions in companies, rather than the research community. He describes the term further in his book "The Innovator's Dilemma". "Innovator's Dilemma" explored the cases of the disk drive industry (which, with its rapid generational change, is to the study of business what fruit flies are to the study of genetics, as Christensen was advised in the 1990s) and the excavating equipment industry (where hydraulic actuation slowly displaced cable-actuated movement). In his sequel with Michael E. Raynor, "The Innovator's Solution", Christensen replaced the term "disruptive technology" with "disruptive innovation" because he recognized that few technologies are intrinsically disruptive or sustaining in character; rather, it is the "business model" that the technology enables that creates the disruptive impact. However, Christensen's evolution from a technological focus to a business-modelling focus is central to understanding the evolution of business at the market or industry level. Christensen and Mark W. Johnson, who cofounded the management consulting firm Innosight, described the dynamics of "business model innovation" in the 2008 "Harvard Business Review" article "Reinventing Your Business Model". The concept of disruptive technology continues a long tradition of identifying radical technical change in the study of innovation by economists, and the development of tools for its management at a firm or policy level.
Disruptive innovation Christensen defines a disruptive innovation as a product or service designed for a new set of customers.
Disruptive innovation In 2009, Milan Zeleny described high technology as disruptive technology and raised the question of what is being disrupted. The answer, according to Zeleny, is the "support network" of high technology. For example, introducing electric cars disrupts the support network for gasoline cars (network of gas and service stations). Such disruption is fully expected and therefore effectively resisted by support net owners. In the long run, high (disruptive) technology bypasses, upgrades, or replaces the outdated support network.
Disruptive innovation "Generally, disruptive innovations were technologically straightforward, consisting of off-the-shelf components put together in a product architecture that was often simpler than prior approaches. They offered less of what customers in established markets wanted and so could rarely be initially employed there. They offered a different package of attributes valued only in emerging markets remote from, and unimportant to, the mainstream."
Emerging technologies In the history of technology, emerging technologies are contemporary advances and innovation in various fields of technology.
Disruptive innovation In the late 1990s, the automotive sector began to embrace a perspective of "constructive disruptive technology" by working with the consultant David E. O'Ryan, whereby the use of current off-the-shelf technology was integrated with newer innovation to create what he called "an unfair advantage". The process or technology change as a whole had to be "constructive" in improving the current method of manufacturing, yet disruptively impact the whole of the business case model, resulting in a significant reduction of waste, energy, materials, labor, or legacy costs to the user.
Disruptive innovation Christensen argues that disruptive innovations can hurt successful, well-managed companies that are responsive to their customers and have excellent research and development. These companies tend to ignore the markets most susceptible to disruptive innovations, because the markets have very tight profit margins and are too small to provide a good growth rate to an established (sizable) firm. Thus, disruptive technology provides an example of an instance when the common business-world advice to "focus on the customer" (or "stay close to the customer", or "listen to the customer") can be strategically counterproductive.
Disruptive innovation Joseph Bower explained the process of how disruptive technology, through its requisite support net, dramatically transforms a certain industry.
Innovation and Technology Bureau The Bureau includes an Innovation and Technology Branch and oversees the operation of the Innovation and Technology Commission and the Office of the Government Chief Information Officer.
Innovation and Technology Bureau Innovation and Technology Bureau (ITB, ) is one of the policy bureaux under the Government Secretariat of the Government of Hong Kong and is responsible for policy matters on the development of innovation and technology and information technology which are the key drivers in this endeavour. The Bureau is led by the Secretary for Innovation and Technology, currently Nicholas Yang.
Disruptive innovation Not all innovations are disruptive, even if they are revolutionary. For example, the first automobiles in the late 19th century were not a disruptive innovation, because early automobiles were expensive luxury items that did not disrupt the market for horse-drawn vehicles. The market for transportation essentially remained intact until the debut of the lower-priced Ford Model T in 1908. The "mass-produced" automobile was a disruptive innovation, because it changed the transportation market, whereas the first thirty years of automobiles did not.
Disruptive innovation While Christensen argued that disruptive innovations can hurt successful, well-managed companies, O'Ryan countered that "constructive" integration of existing, new, and forward-thinking innovation could improve the economic benefits of these same well-managed companies, once decision-making management understood the systemic benefits as a whole.
Frugal innovation At times this no frills approach can be a kind of disruptive innovation.
Shanghai Adolescents' Science and Technology Innovation Contest Adolescents unit: Science and Technology Innovation projects competition; Science and Technology Innovation activities competition; Creative painting competition.
Secretary for Innovation and Technology The Secretary for Innovation and Technology () of the Hong Kong Government is responsible for formulating holistic policies relating to innovation and technology; strengthening the co-ordination among the Government, industry, academia and research sectors; and expediting the development of innovation, technology and related industries in Hong Kong. The position was created in 2015 by the Leung Chun-ying government after years-long opposition of the pan-democracy camp.
Disruptive direct mail Disruptive innovation, a phenomenon analyzed by Clayton M. Christensen beginning in 1995, states that disruptive innovation is an innovation that creates a new market and value network and eventually disrupts an existing market and value network, displacing established market leaders and alliances.
Disruptive innovation Disruptive innovations tend to be produced by outsiders and entrepreneurs, rather than existing market-leading companies. The business environment of market leaders does not allow them to pursue disruptive innovations when they first arise, because they are not profitable enough at first and because their development can take scarce resources away from sustaining innovations (which are needed to compete against current competition). A disruptive process can take longer to develop than by the conventional approach and the risk associated to it is higher than the other more incremental or evolutionary forms of innovations, but once it is deployed in the market, it achieves a much faster penetration and higher degree of impact on the established markets.
Innovation district Innovation Districts have proven to be effective solutions for cities to modernize their economies and pivot from traditional industrial-based production to technology-driven services. A wave of academic research is also emerging analyzing innovation districts’ positive effects on job creation and economic development.
Disruptive innovation In keeping with the insight that what matters economically is the business model, not the technological sophistication itself, Christensen's theory explains why many disruptive innovations are "not" "advanced technologies", which the technology mudslide hypothesis would lead one to expect. Rather, they are often novel combinations of existing off-the-shelf components, applied cleverly to a small, fledgling value network.