Radical Innovation # 1: Social Media
Radical Innovation # 1: SOCIAL MEDIA
1. What has been the nature of each of these innovations?
With Internet on the rise, and being widely available and used by everyone, especially the new generations, there was a need to ‘stay connected ' as more and more people were travelling, and moving away from their home towns.
2. In what way were they radical as opposed to an incremental improvement to an existing product process category?
Social Media is a radical innovation rather than an incremental innovation as there was no existing product which provided similar benefits/uses. Because of Internet, Social Media was possible and became into existence. The only close competitor of Social Media, which provided similar benefits, was the telephone …show more content…
What has been the nature of each of these innovations?
With our lives becoming busier and busier day by day, and the need to have everything ASAP, E-Commerce and online shopping came into existence, where we can order anything from anywhere at anytime in the world, pay, browse and get it delivered to our door without stepping a single foot outside our homes. 2. In what way were they radical as opposed to an incremental improvement to an existing product process category?
I believe e-commerce is radical as it is the only alternative to physical shopping. E-commerce allows people to buy even a small toothpaste from the comfort of their own homes. It is also very beneficial to disable people who before e-commerce, found it difficult to go physical shopping. Also, e-commerce changed the way we shop, by providing us options to choose, compare prices and become smart shoppers.
3. Why are they significant in your opinion and why did you select each of the five particular examples?
4. What value did each innovation create and how did it do so?
Answer same as number 3.
5. Do you consider that there has been any down side or value destruction in adopting these innovations? Why/Why
1. What has been the nature of each of these innovations?
With Internet on the rise, and being widely available and used by everyone, especially the new generations, there was a need to ‘stay connected ' as more and more people were travelling, and moving away from their home towns.
2. In what way were they radical as opposed to an incremental improvement to an existing product process category?
Social Media is a radical innovation rather than an incremental innovation as there was no existing product which provided similar benefits/uses. Because of Internet, Social Media was possible and became into existence. The only close competitor of Social Media, which provided similar benefits, was the telephone …show more content…
What has been the nature of each of these innovations?
With our lives becoming busier and busier day by day, and the need to have everything ASAP, E-Commerce and online shopping came into existence, where we can order anything from anywhere at anytime in the world, pay, browse and get it delivered to our door without stepping a single foot outside our homes. 2. In what way were they radical as opposed to an incremental improvement to an existing product process category?
I believe e-commerce is radical as it is the only alternative to physical shopping. E-commerce allows people to buy even a small toothpaste from the comfort of their own homes. It is also very beneficial to disable people who before e-commerce, found it difficult to go physical shopping. Also, e-commerce changed the way we shop, by providing us options to choose, compare prices and become smart shoppers.
3. Why are they significant in your opinion and why did you select each of the five particular examples?
4. What value did each innovation create and how did it do so?
Answer same as number 3.
5. Do you consider that there has been any down side or value destruction in adopting these innovations? Why/Why