Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PayPal Questions: Which IT-enabled innovation do you examine? Briefly describe how it works. Which technological evolution trends have enabled the IT-enabled innovation? What type of

PayPal Questions:

Which IT-enabled innovation do you examine? Briefly describe how it works.

Which technological evolution trends have enabled the IT-enabled innovation?

What type of innovation is it? (e.g. is it Product innovation? Process innovation? business model innovation?)

Is the innovation radical or incremental (OR disruptive or sustaining)? Compared to what innovation? Please make sure to support your conclusion with sound logics.

What is the innovations current position within its life cycle? or hype cycle?

What is the current state of the competitive market for this innovation? e.g. are there competing products on the market? Is it a network-based competition? If so has a dominant design/network emerged, or will the market potentially tip with the emergence of a dominant design/network?

How does the innovations adoption affect the nature of business operation and competition of the competitive market or industry of the focal company? e.g. Does it disrupt the industrys current business model? How does it affect transaction costs within the industry? How does this change the relationship between adopting companies and business partners? etc.

How does its adoption affect companies of different sizes in the industry? How will it affect adopters cost structure, competitive advantage?

What business challenges and opportunities lie ahead for businesses within the industry with regards to the adoption (or non-adoption) of the innovation? e.g. competitive advantage or disadvantage of adopting or not adopting the innovation, challenges in changing business structure and processes adapt to the adoption of the innovation, etc.

Your recommendation for the company on business strategy related to this particular IT-enabled innovation from innovation management perspective: e.g. entry timing (time of adoption), changes in business structure and processes, changes in business model and/or product portfolio, etc.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Tourism Supply Chain Management

Authors: Haiyan Song

1st Edition

0415581567, 9780415581561

More Books

Students also viewed these General Management questions