Explain the concept of the "innovator's dilemma" in the context of disruptive innovation and its implications for established business models.
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Explain the concept of the "innovator's dilemma" in the context of disruptive innovation and its implications for established business models.
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- Discuss the role of innovation in evolving and adapting business models over time. Provide case studies of companies that have innovated successfully in this regard.How will the technology/ solution/ concept affect businesses and / or society? Why is it important formanagers to know about it?What are the implications of digital transformation and disruptive technologies for businesses in terms of innovation, customer engagement, and operational efficiency in the current business environment?
- What is the role of technology in innovation and management ?What strategies can businesses implement to prevent recurring customer conflicts and promote long-term customer satisfaction?How can an organization effectively manage the innovation process for product and service development to foster growth and competitive advantage?