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- How can organizations effectively integrate technology and digital transformation initiatives into their strategic plans to enhance operational efficiency, customer experience, and competitive advantage?How can businesses allocate resources effectively to support innovation initiatives?Critically discuss how innovation can help organisations achieve and sustain their competitive advantage. Use examples from different theorists and examples from the business practice
- How do you keep up with a constantly evolving environment of technology and innovation?Why it’s necessary to generate innovative business ideas instead of duplicating available ideas?Why do leading firms fail to recognize and react to potentially disruptive innovations? How can a firm avoid the kind of blindness that leads to disruption?
- To remain competitive, organizations must be in a continuous state of change. Of course, most change is evolutionary, requiring small incremental changes to keep pace with current technology, consumer demands, and the market. However, the external environment may force an organization into revolutionary change, disrupting the long-standing culture of the organization, or end up facing the consequence of becoming obsolete. Consider your professional experience with a recent or past organizational planned change respond to the following questions: What aspects of the organizational change were successful and why? What aspects of the organizational change were not successful and why? Analyze the strengths and weaknesses of the change process and provide a recommendation to enhance the implementation process for a successful outcome.Why do businesses in highly competitive industries and markets all too often mimic the actions of their more successful competitors?What are the key factors that organizations should consider when formulating a strategic development plan to ensure long-term success and competitive advantage in the ever-evolving business landscape?
- Analyze the business models of existing firms in the "tech domain" to identify how high-tech start-ups may profit from collaborative open innovation?Business is an open system “. Comment upon this statement and discuss the nature of interaction between a business system and its environment.How does the business environment affect a firm's decision making and growth? Give an example of a company that faces challenges from the environment.