OMIS 3710 Chapter Notes - Chapter 6: Hyperledger, Know Your Customer, Airbnb

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Managers fail to respond to threat of disruptive technologies because: e(cid:454)isti(cid:374)g (cid:272)usto(cid:373)e(cid:396)s a(cid:396)e(cid:374)(cid:859)t (cid:396)e(cid:395)uesti(cid:374)g these i(cid:374)(cid:374)o(cid:448)atio(cid:374)s, new innovations would often deliver worse financial performance. Kodak failed to respond to disruptive technologies. Several techniques can help a firm improve its monitoring ability to recognize and surface potentially disruptive technologies. Once identified, the firm can invest in a portfolio of technology options start-ups or in- house effo(cid:396)ts othe(cid:396)(cid:449)ise isolated f(cid:396)o(cid:373) the fi(cid:396)(cid:373)(cid:859)s (cid:272)o(cid:396)e (cid:271)usi(cid:374)ess a(cid:374)d (cid:373)a(cid:374)age(cid:373)e(cid:374)t distraction. Options give the firm the right (but not the obligation) to continue and increase funding as a technology shows promise. Having innovation separated from core businesses is key to encourage new market and te(cid:272)h(cid:374)olog(cid:455) de(cid:448)elop(cid:373)e(cid:374)t fo(cid:272)us (cid:449)hile isolati(cid:374)g the fi(cid:396)(cid:373) f(cid:396)o(cid:373) a (cid:862)(cid:272)(cid:396)eosote (cid:271)ush(cid:863) t(cid:455)pe of resource sapping from potentially competing cash-cow efforts. What is it: unclear: cryptocurrency, a digital currency, digital money, or a virtual currency, us go(cid:448)(cid:859)t sa(cid:455)s it(cid:859)s property.

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