Assignment_chp2_itm5400

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Trine University *

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6953

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Management

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Jul 2, 2024

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docx

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4

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SWOT Analysis of Disruptive Technology SWOT Analysis of Disruptive Technology Strengths Weakness Long-standing corporations have an advantage over new, maybe disruptive technology because of the trust, loyalty, and familiarity that their brand enjoys among consumers. They could be able to get ideas, knowledge, and private information that could be used to create something original. Assuming sufficient financial standing and resources, a business can continue to have a competitive advantage against disruptive technologies by making acquisitions, forming partnerships, or investing in research and development (Forsey, 2023). Quick introduction of new items is made possible by ecosystems, partnerships, and strong distribution Agility and reactivity to changes in the market might be hampered by bureaucracy, rigid procedures, and hierarchical systems. Because they are inertia and resistant to change, established companies could take a long time to adopt new technologies or business strategies. Disruptive technology can be difficult to identify and respond to if there is no innovation culture or risk-taking (The Hartford, n.d.). Legacy systems, technical debt, and outdated infrastructure may all make it difficult to adopt new technologies or integrate with disruptive alternatives (Forsey, 2023).
SWOT Analysis of Disruptive Technology networks. Opportunities Threats Consumer trends and expanding markets enable the creation of disruptive technology-driven goods, services, and business models. Business acquisitions, strategic alliances, and venture investments can supply cutting-edge technology. Diversifying into alternative markets or new product lines helps reduce a core company's disruption risk. Organizations may more successfully spot and react to disruptive developments by using big data, analytics, and artificial intelligence (Forsey, 2023). When disruptive technologies brought by competitors, startups, or adjacent industries renders present products, services, or business models outmoded, market share and revenue sources might be lost (The Hartford, n.d.). Changes in laws, business practices, or government policy could present challenges or compliance problems for existing technologies or business models. Uptake and viability of disruptive technologies can be impacted by changes in consumer behavior, market instability, and economic downturns. Legal obstacles or a loss of confidence in revolutionary technology can arise from concerns about privacy, data breaches, or cybersecurity.
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