Conceptual Framework Essay Example | Topics and Well Written Essays - 500 words

Conceptual Framework - Essay Example The disruptive innovation theory describes the process by which a product or service takes root initially in the market, in the form of uncomplicated applications, and then moves up the market in a relentless manner. The new product disrupts the entire market and existing value network and as well displaces the earlier technology and competitors. A disruptive innovation allows the whole population access to a whole new product that was initially historically accessible to a specific set of consumer with a lot of money. Business or companies can also be disruptive, and when in this nature the expected characteristics would be that, at least in the initial stages, of smaller target markets, lower gross margin, and products or services that may appear simple and unattractive solutions when compared to the traditional performance metrics (Fannin, 2012). Usually companies tend to innovate faster even than the rate at which their customers’ lives change. In such instances, an organization would end up eventually producing the products and services that are too expensive, good, and inconvenient for most of the customers. Pursuit of sustainable innovation has perpetuated what has helped companies historically to be established in new market such as India and succeed in their production endeavors. Ideally, companies have unwittingly, in most occasions, opened their doors to disruptive innovations and not sustaining innovation which in itself does not lead to the creation of new markets or value networks but, evolve the existing ones with better value. Generally, according to this theory, companies that are well managed and quick to respond to their clientele and have exceptional research and improvement can be impaired by disruptive innovation (Evans, 2002). The relation of this theory to my study is based on the apprehension of the actuality that, in India, new companies have sprang up in the recent past that have introduced new products in

LEADERSHIP STRATEGIES Coursework Example | Topics and Well Written Essays - 1000 words

LEADERSHIP STRATEGIES - Coursework Example During the process new leaders are made for the future through proper training and experience. Any organization that is in its finest today whether it be, Apple co, Microsoft, Zara was the result of one or more individuals in their early thirties who possessed leadership qualities. While it is true that for a company to be created and be successful it needs to have something to sell, at the same time they need a great leader. A fine example is the late Steve Jobs who did not create any of the Apple computers but steered them into the right direction with his social intelligence and his eye for design. Change management however, is needed in any and every company that wants success in the long run. It simply might be needed because the customers are bored of the monotonous product that they’re being offered or a more complex reason might be because intrapreneurship is needed in the organization because the previous management system wasn’t effective enough. Sometimes the change might be needed because the competitors have caught up and you no longer hold a competitive advantage. Having discussed leadership and change management, it is true that an organization cannot survive without either one of them. Any organization that comes into being is very informal in the beginning, starting off with very few employees, mostly friends who share the same ideas and visions, working in a small office consisting of a mere two or three rooms. Some of these organizations even start off from the garage of a home. The environment of these organizations is very informal which works in the beginning as they only need enough revenue above breakeven to invest further into the workings of the company. When this organization has matured and has enough employees to push out of a city or district it needs to change from an informal management to a more formal one. This is achieved by hiring leaders or identifying leaders among