What is technology that is impacting your existing business

Assignment Help Operation Management

Reference no: EM132261562

The purpose of this assignment is to evaluate emerging technologies that can meet business needs and improve competitive advantage.

Technology is always evolving, and business organizations must continually evaluate their technology needs in relation to operations and strategic goals in order to improve competitive advantage.

For this assignment, consider the industry in which you are currently employed. Regardless of your position, consider how you would answer the following questions.

What is a technology that is impacting your existing business?

What is a technology that could impact business that the organization would like to start doing?

Is the technology driving the business, or is the business driving technology?

Part 1

Visit the World Economic Forum website and conduct a search for "emerging technology." Generate a list of at least five technologies that are of interest to you and could be applied to a product or service in the industry in which you are currently employed.

Based on the industry in which you are currently employed, select a product or service where one of the emerging technologies could be applied to produce a positive impact on the business and improve competitive advantage. For example, if you are working in a retail setting, what technology could be employed to help the retailer gain a competitive advantage in inventory management, customer acquisition, supply chain, etc.?

In 250 words, summarize the five technologies from the list you generated and provide an overview of the selected emerging technology you would apply to produce a positive impact on the business. Explain how this emerging technology would be applied and how an application of the emerging technology could improve competitive advantage for the business.

Part 2

Once you have selected your product or service and the emerging technology that could be applied to improve competitive advantage, create a chart that illustrates the potential advantages, potential disadvantages, and the technology adoption life cycle, including the s-curve.

Provide a five-item timeline detailing the evolution of the stages of technology. Include a description for each timeline item.

Part 3

Write a 500-word summary that addresses the following:

Describe the current state of the product or service to which the emerging technology would apply.

Explain the emerging technology that would potentially impact the product or service.

Using Porter's competitive strategy, discuss the competitive advantage that the new technology would support.

Reference no: EM132261562

Questions Cloud

Said consent in the form of contractual agreement : Amid all the want, from what we are given here, neither Evans nor Dyer followed-through with a said consent in the form of a contractual agreement?

Sole proprietorship and entrepreneurship are defined : Sole proprietorship and entrepreneurship are defined as the same.

Work on initiating process improvement project : You have been assigned to work on initiating a "process improvement" project for your organization / department.

Human rights hallmark of its corporate strategy-culture : Reebok Corporation has made human rights a hallmark of its corporate strategy, culture, and identity.

What is technology that is impacting your existing business : What is a technology that is impacting your existing business? Is the technology driving the business, or is the business driving technology?

How many drives should be carried as safety stock : How many drives should be carried as safety stock? What is the appropriate reorder point?

The four perspectives of the balanced scorecard : Within Healthcare Strategic Management, the four perspectives of the Balanced Scorecard - financial, customer, internal business process,

Relationship between average monthly temperature-attendance : The management has noticed a direct relationship between the average monthly temperature and attendance.

Principles to contract that involves both goods and services : When does a court apply common law principles to a contract that involves both goods and services?

User Account

All Pages