Tuesday, March 22, 2016

Week 11 Reading Reflection

1) In this Harvard Business Review article, I was surprised that there was a tradeoff between technological innovation and business model innovation. The article mentions companies like Netflix and Uber mastering the business model innovation, but I had no idea that came with a trade off due to technological innovation. I was surprised to see that companies must spend a lot of time strategically thinking about where to invest their time and effort: in the business model or in the technology. Before reading this article, I thought both of them could be focused on simultaneously. 

2) I was confused about why the author continued to add (whom i consulted) numerous times within paragraphs regarding different companies. Did he need to inform us of that so we understand there may be bias? I just didn't really get why that assertion was necessary repetitively.

3) I would ask the author if he has seen crowdsourcing work to a companies advantage more times than not? I see crowdsourcing as a valuable tool, but does some genius solutions actually come about or does the company have to sift through a lot of useless fluff to get answers from the crowd? I would also ask the author at what threshold does the cost of crowdsourcing outweigh the benefit of potential innovative ideas from those not within your company?

4) I didn't think the author was wrong about anything. I found this article really interesting. It shed light on the fact that there are many different types of innovation and while some types may work for some business, it may fail in others. I enjoyed learning about the different trade offs for each type of innovation strategy as well. 

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