Reference no: EM133271284

Critically analyse the development and installation of an economically significant disruptive innovation.

In order to complete

1. Provide a concise profile of an economically significant disruptive innovation developed and relatively recently installed2 in the economy by an individual, firm, coalition, industry, community, region or country of your choice and relatively recently installed in the economy by an individual, firm, coalition, industry, community, region or country of your choice.

2. Briefly explain the concept of (socio)economic disruption before describing why the selected innovation is (socio)economically disruptive. Record how the innovation has changed and is continuing to change specific aspects of previously existing (socio)economic structure and actor behaviour.

3. Using relevant concepts and theories, analyse the evolution of the innovation from its pre-infancy to some well-argued likely next-decade state. Your analysis should dissect and explain the coevolving influence and structure of the consumer, industry (supplier and competitor), complementary and substitute products and services, and financial and institutional environments that have supported or countervailed against (retarded) the innovation's progress along its lifecycle trajectory. Your analysis should clearly present and explain the evolving role of the entrepreneurial function in manipulating, leveraging, breaking down, locking in, or otherwise changing relevant values, desires, selection environment structures and other aspects of these conditions during the innovation's disruptive installation.

4. Identify and discuss the role(s) of national and/or international public policy in facilitating or retarding the uptake and diffusion of innovation. Explain the intended reasons and actual consequences of these policies. Formulate and justify an alternative policy that would lead to better overall socio-economic outcomes.

5. Conclude with a critical reflection of the efficacy (strengths and weaknesses) of the scholarly theory or theories you employed in your case analysis, including suggestion(s) for improvement or further work were you to repeat this exercise and installation of an economically significant disruptive innovation.