BU111 Lecture Notes - Lecture 16: Wii, Disruptive Innovation, Linkedin
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Document Summary
5 industries changed by technology: music, no physical sales, rent it through spotify, consumers have more power, travel, no travel agents, mobile apps, transportation, uber, track vehicles, publishing, authors and producers, tech focused, retail, online shopping. Technology is all the ways companies add values for users. Equipment and material advances: substitute/magnify human effort, reduce cost, improve performance, increase flexibility. Information tech advancements: devices and software for creating, storing, exchanging, and using information, cloud, analytics, ai. Technology has taken a great shift: power, electricity, steam, build and move, assembly lines, trains, cras, communication, mass media, telecommunications. Internet: smart technology, connect analyze and learn, connectedness. Access to information: better service through coordination, leaner organization. Improved operations efficiency: greater independence between employee and workplace, save money as there is less s office space and employees are more fulfilled, big data and better decisions, save money. Competitiveness: create barriers to entry, cooperation with other firms, reduce cycle times.
