The book Blue Ocean Strategy' is one of the most influential business ideas of our time....

  

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The book Blue Ocean Strategy' is one of the most influential business ideas of our time. The award-winning eponymous book by W. Chan Kim and Renée Mauborgne, first published in 2005 and reissued in an expanded edition in 2015, advocated the need for creating uncontested market space different from the traditional way of doing business. Similarly, Disruptive Innovators, which is a type of an emerging accountancy tool, mostly target an overlooked segment of the market by incumbent operators/businesses, and develop more suitable and convenient functionalities, usually at lower costs. Required: a. Using practical examples, list and explain five (5) examples of Disruptive Innovations and their common features that have made headlines in recent years on the Ghanaian business landscape. (10 marks) b. Discuss five (5) market factors on how Ghanaian Disruptive Innovations would be rendered ineffective. (5 marks) The book Blue Ocean Strategy' is one of the most influential business ideas of our time. The award-winning eponymous book by W. Chan Kim and Renée Mauborgne, first published in 2005 and reissued in an expanded edition in 2015, advocated the need for creating uncontested market space different from the traditional way of doing business. Similarly, Disruptive Innovators, which is a type of an emerging accountancy tool, mostly target an overlooked segment of the market by incumbent operators/businesses, and develop more suitable and convenient functionalities, usually at lower costs. Required: a. Using practical examples, list and explain five (5) examples of Disruptive Innovations and their common features that have made headlines in recent years on the Ghanaian business landscape. (10 marks) b. Discuss five (5) market factors on how Ghanaian Disruptive Innovations would be rendered ineffective. (5 marks)

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Answer a Disruptive innovation refers to a concept product or a service that either disrupts an existing market or creates a completely new market segment In practice disruption happens when tradition... View the full answer