Chapter 3 College Essay - Flashcards with Answers, 7th Grade Writing STAAR Review, Week 1 - Flashcards, APUSH chapter 13-15 key terms - Flashcards, Free online plagiarism checker with percentage, a topic sentence that states the main or controlling idea, supporting sentences to explain and develop the point youre making, evidence from your reading or an example from the subject area that supports your point. Consequently, this offering from Uber appeals to the low end of the limousine service market: customers willing to sacrifice a measure of convenience for monetary savings. A(n) ________ is a dedicated computer in a client/server environment that hosts a DBMS. The technology uses peer-to-peer consensus to record and verify transactions, removing the need for manual verification. The theory of disruption predicts that when an entrant tackles incumbent competitors head-on, offering better products or services, the incumbents will accelerate their innovations to defend their business. The iPad can be seen as a disruptive technology for the ________ industry. Companies that fail to account for the effects of disruptive technology may find themselves losing market share to competitors that have discovered ways to integrate the technology. The iPhones subsequent growth is better explained by disruptionnot of other smartphones but of the laptop as the primary access point to the internet. Detailed, preprogrammed instructions that control and coordinate the computer hardware components in an information system describes: DBMS simplify how end users work with databases by separating the logical and physical views of the data. The automobile, electricity service, and television all were disruptive technologies in their own times. All of the following have been disruptive technologies except: All of the following are ways to improve quality except: Mass customization allows a company to offer individually tailored products using the same production resources as mass production. What weve realized is that, very often, low-end and new-market footholds are populated not by a lone would-be disrupter, but by several comparable entrant firms whose products are simpler, more convenient, or less costly than those sold by incumbents. Ubers financial and strategic achievements do not qualify the company as genuinely disruptivealthough the company is almost always described that way. a) A hot tub dealers use of information systems to determine which models and options its customers are most likely to buy. By postulating that there are two flavors of foothold markets in which disruptive innovation can begin, the theory has become more powerful and practicable. ________ is the ability to offer individually tailored products or services using the same production resources as bulk production. Which of the following can force a business and its competitors to compete on price alone? What Does Proof-of-Stake (PoS) Mean in Crypto? This process can take time, and incumbents can get quite creative in the defense of their established franchises. Investing in companies that create or adopt disruptive technologies carries significant risk. Quiz Ch. 3 & 4 Flashcards | Quizlet Which of the following illustrates the use of information systems to achieve product differentiation? Most every innovationdisruptive or notbegins life as a small-scale experiment. Low-end footholds exist because incumbents typically try to provide their most profitable and demanding customers with ever-improving products and services, and they pay less attention to less-demanding customers. Lets consider Uber, the much-feted transportation company whose mobile application connects consumers who need rides with drivers who are willing to provide them. Earn badges to share on LinkedIn and your resume. Neither did Uber primarily target nonconsumerspeople who found the existing alternatives so expensive or inconvenient that they took public transit or drove themselves instead: Uber was launched in San Francisco (a well-served taxi market), and Ubers customers were generally people already in the habit of hiring rides. This provides an opening for disruptive businesses to target overlooked customer segments and gain an industry presence. Weve observed four important points that get overlooked or misunderstood: The term disruptive innovation is misleading when it is used to refer to a product or service at one fixed point, rather than to the evolution of that product or service over time. A manufacturer of deep-sea oil rigs may be least concerned about which of these marketplace forces? Our current belief is that companies should create a separate division that operates under the protection of senior leadership to explore and exploit a new disruptive model. The Essential Eight technology trends: PwC But there is cause for hope: Empirical tests show that using disruptive theory makes us measurably and significantly more accurate in our predictions of which fledgling businesses will succeed. What Is Disruptive Innovation? To analyze the direct and indirect costs and determine the actual cost of specific technology implementations, you would use a: In the strategy of product differentiation, information systems are used to enable new products and services. Risk-taking companies may recognize the potential of disruptive technology in their own operations and target new markets that can incorporate it into their business processes. When the output of some units can be used as inputs to other units, or if two organizations pool markets and expertise that result in lower costs and generate profits, it is often referred to as creating: What type of device gathers data and converts them into electronic form for use by the computer? The data supports the theorys prediction that entrants pursuing a sustaining strategy for a stand-alone business will face steep odds: In Christensens seminal study of the disk drive industry, only 6% of sustaining entrants managed to succeed. All of the following I've been disruptive technologies except Mini computers Data management technology consists of This software governing The organization of data on physical storage media This support activities of a firm include Organization infrastructure, human resources, technology and procurement Which of the following to enforce a business in its competitors to compete on price alone . The ________ model highlights the primary or support activities that add a margin of value to a firm's products or services where information systems can best be applied to achieve a competitive advantage. The type of logical database model that treats data as if they were stored in two dimensional tables is the: A physical view shows data as it is organized on the storage media. Yet even executives with a good understanding of disruption theory tend to forget some of its subtler aspects when making strategic decisions. For example, more than 50 years after the first discount department store was opened, mainstream retail companies still operate their traditional department-store formats. What are the relationships that the relational database is named for? Sometimes this worksand sometimes it doesnt. But its foothold is in the high end of the auto market (with customers willing to spend $70,000 or more on a car), and this segment is not uninteresting to incumbents. All of the following can be considered managerial responsibilities except: ________ is an operating system-independent, processor-independent, object-oriented programming language that has become a leading interactive programming environment for the Web. Which of the following illustrates the use of information systems to strengthen customer and supplier intimacy? That allows disruptors to move upstream over time and cannibalize more customersegments. Which of the following tools or technologies would you use to improve production precision? Disruptive Technologies Climate Change And Shipping 1st Edition B In certain cases, a failed response to a disruptive threat cannot be attributed to a lack of understanding, insufficient executive attention, or inadequate financial investment. One high-profile example of using an innovative business model to effect a disruption is Apples iPhone. According to the theory, the answer is no. You use ________ to predict when a computer hardware system becomes saturated. . Real tuition for online courses is falling, and accessibility and quality are improving. In Ubers case, we believe that the regulated nature of the taxi business is a large part of the answer. Total cost of ownership components include costs for downtime, training, and support. Which of the following is a device used to collect data directly from the environment for input into a computer system? Firms that invent disruptive technologies as first movers always become market leaders. Disruptive technologies Flashcards | Quizlet A firm's information policy lays out who is responsible for updating and maintaining the information in a database system. Our research suggests that the success of this new enterprise depends in large part on keeping it separate from the core business. FALSE Strong linkages to customers and suppliers increase switching costs. Learn about entrepreneurship and the challenges facing entrepreneurs. All of the following are considered disruptive technologies except. All of the following statements are true about information technology's impact on business firms except. Hyperledger: Open-Source Blockchain Framework and Standards, Entrepreneur: What It Means to Be One and How to Get Started, Disruptive Technologies: Catching the Wave, The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail. 2003-2023 Chegg Inc. All rights reserved. Uber has gone in exactly the opposite direction: building a position in the mainstream market first and subsequently appealing to historically overlooked segments. A transparent marketplace means that there is high product differentiation. Clayton Christensen introduced the idea of disruptive technologies in a 1995 Harvard Business Review article. But corporate leaders should not try to solve this problem before it is a problem. But success is not built into the definition of disruption: Not every disruptive path leads to a triumph, and not every triumphant newcomer follows a disruptive path. Researchers then arrived at a second insight: Incumbents focus on their existing customers becomes institutionalized in internal processes that make it difficult for even senior managers to shift investment to disruptive innovations. True Benchmarks are specific standards for business processes set by industry leaders. Walmarts continuous replenishment system allows it to: b) provide an efficient customer response system. The owners of Speed-EZ, a new bike messenger service, are concerned about how they will manage their messengers once they have left the office. A(n) ________ uses networks to link people, assets, and ideas, enabling it to work with other companies to create products and services without being limited by traditional organizational boundaries or physical locations. Even a startup with limited resources can aim at technology disruption by inventing an entirely new way of getting something done. Purchasing computing power from a central computing service and paying only for the amount of computing power used is commonly referred to as: physical database available for different logical views. Benchmarks are specific standards for business processes set by industry leaders. Solved The following are all disruptive technologies, | Chegg.com These are the World Economic Forum's Technology Pioneers of 2020 From sun-powered chemistry to whole-genome synthesis, the 10 technologies span industry, healthcare and society. The more people that use Microsoft Office software and related products, the lower its value. In contrast, the digital technologies that allowed personal computers to disrupt minicomputers improved much more quickly; Compaq was able to increase revenue more than 10-fold and reach parity with the industry leader, DEC, in only 12 years. Post any question and get expert help quickly. No. 1. D databases. The ________ strategy is characterized by heavy centralization of corporate activities in the home country of origin. Political conflict is an example of the people dimension of business problems. All of the following are considered primary activities of a firm except: The support activities of a firm include: d) organization infrastructure, human resources, technology, and procurement, a) compares the efficiency and effectiveness of your business processes against strict standards. Investors can gain exposure to disruptive technology by investing in exchange-traded funds (ETFs) such as the ALPS Disruptive Technologies ETF (DTEC). The idea driving synergies is that when the output of some units can be used as inputs to other units, the relationship can lower cost and generate profits. The greatest barrier to changing business processes is ironically, management itself.