Read Harvard Business School’s Clayton M. Christensen’s “Six Keys to Building New Markets by Unleashing Disruptive Innovation” and University of North Carolina’s Ralph Byrns’ “Comparative Advantage and Absolute Advantage.”
Engage in a dialogue with your classmates by answering the following questions:
1. Provide an example of a firm which has been a disruptive innovator. What role does technology play in disruptive innovation?
2. What is the greatest risk of being a disruptive innovator for an organization? How must the firm consider the actions of its rivals?
3. How might government try to limit the effects of disruptive innovation? Provide a specific example of when a technology tool was limited or disabled by a government.
Cite references in apa format.
Reflect on the reading this week, “Six Keys to Building New Markets by Unleashing Disruptive Innovation” and identify each key. Pick any organization you are familiar with and analyze which of the six keys to building new markets they have successfully used. To help you select a firm, you may want to research leaders in technology. Define comparative advantage. What is the organization’s comparative advantage in general? Evaluate the strength of their comparative advantage in the global marketplace.
Prepare a two page (double-spaced) essay. The paper should be 12-point font, Times New Roman, be at least 500 words, and include a final source list.
In addition, the student should consider the following questions for reflection: In your own life as a preschool teacher, what ways have you been a “disruptive innovator? At what times was it better to conform? What lessons can you draw from your own experience which may apply to businesses in Grenada west indies?