Essay Available:
Pages:
1 pages/≈275 words
Sources:
1
Style:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.32
Topic:
Examples for Managing Innovation Business & Marketing Essay
Essay Instructions:
Please review an example of a company who used strategies to exploit a new era of digitalization and benefited from it, "Lowering the Cost of Ultrasound Equipment through Digitalization.”
Research a company that has managed an innovation and provide the story. Include, The company, the technology, the impact made with the innovation and short history of the industry and need for the innovation.
Along with providing your example, please answer the following question:
How are companies coming up with strategies to exploit and benefit from the new era of digitalization?
Essay Sample Content Preview:
Examples for Managing Innovation
Name
Institution
Course
Instructor
Introduction
With the world quickly going digital, businesses have been strategizing to find ways of keeping with the trends or changes being witnessed during the internet era. This paper would, therefore, examine the strategies that these companies have employed to enable them to benefit during this new era of digitalization.
Strategies that Companies Used to Benefit from Digitalization
One of the strategies that the companies have used to benefit from the digitalization is by setting up various centers or incubators of ideas at the early stages of adopting digitalization. For these ideas to be successful, the capabilities of different individuals in the organization have been integrated into the main business of the company. A case in point is AT&T has opened three incubatory centers in three different locations, which include Tel Aviv, Dallas, and Silicon Valley; to act as the centers for developing software and apps. It is important to note that as of today, the projects that have been completed at these incubator centers of the company have been able to comp...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now: