Business

Question 1

Social responsibility can best be described as the principled framework that makes suggestions for an organization duty in acting for the general benefits of the society generally (Roy, 2009).  This strategy can be utilized in overcoming competition rivalry through enhancing the balance existing amid the economic and the environment surrounding.  The five forces that shape an industry’s competition according to porter are competition rivalry, fresh entry threats, products as well as services substitute, consumers bargaining power and suppliers bargaining power (Chandler & Werther, 2013).

To begin with, competitor’s rivalry is the competition struggle in acquiring a share in the particular market amid the involved firms in the sector (Roy, 2009). In this force, social responsibility can best be enhanced through a responsibility to the consumer’s society and environment.  The activities aimed at attaining a share market should be socially and environmentally responsible through acting for the primary benefits of the community. This reduces the rivalry thus reducing profitability threats (Chandler & Werther, 2013).

Market  entry  risks  for the  potential  competitors is normally  for the  firms that  are not engaged  in competition  by hold the capacity  to  compete  if an opportunity  is  offered.  The entry of more potential firms can help   in creating loyalties of brands as well as consumer’s costs switching (Roy, 2009).  This implies that consumers pay less in acquiring the same services and even products in the market.  This is a form of responsibility socially that benefits the consumers and can enhance the production of environment friendly brands. This  strategy  however  , differs  from that of  Mark Payne which makes the  claim that  innovation is normally driven  by  different inspirations  but can only be evaluated through  what  it derives in terms of  growing the  business,  transforming  lives  and increasing  the share  of a firm in the industry.  This strategy  holds it that  killing of  the  established  firms and their  products  it not  what matters  rather  it is  the  achievements that counts  most (Chandler & Werther, 2013).

The buying authority  of buyers  refers to the capability  of  consumers  to  bargain towards the  reduction of the  prices  offered  by  firms or even raise  the  firms  costs  through making demand for better  services  as well as  product.  This force  therefore , enables firms to  be socially responsible through  offering  quality which lowers the  bargaining power  which would  reduce  the industry’s profit (Roy, 2009). On the other hand  the  bargaining authority  of suppliers s their potential to rise  the  inputs  prices  this  increasing the industry’s cost. Strong suppliers disregard buyers who makes up the society and therefore, lowering suppliers power can help in embracing social responsiveness for firms. Products substitute  are the  products  that  holds  the  cp ability  to satisfy the  needs of  consumers  effectively.  This   affects  the capability  of the involved  firms  to  increase  products  prices  that  may  otherwise  affect  social expenditure  due to low  demand (Chandler & Werther, 2013).

Question 2

Disruptive innovation can best be described as the form of innovation that generates fresh opportunities in the market and unique channels for network thus displacing the previously established firms. A corporation in Florida can offer disruption to the global industry through the implementation of IT software’s to increase communication and effectiveness. This will best create increased chances for being highly innovative as compared to other established firms through the development of unique value channels (Manu, 2016). This strategy would be crucial in generating fresh product and an increased consumer base.

Porter’s and blue ocean models offer threats to the established forms in the industry as their competitive position may be displaced if they fail to adapt to the existing threats (Kim & Mauborgne, 2015). The position can be sustained through creating defensive and innovative approaches that offers them a much better position in the given industry to cope with threats posed by innovation disruptions (Kim & Mauborgne, 2015).  This can best be achieved through the utilization of innovativeness differentiation for both the services as well as products be offered and the use of cost leadership. This implies that the firms have to offer unique, innovative or quality services and the associated products in combination with low prices.  This makes it hard for innovation disruption to occur since the high innovativeness is characterized by increased cost which affects demands.

Question 3

There is a high need globally in reducing the generation of waste products and increasing their use to achieve sustainability.  Companies and individuals can utilize technology in reducing the general waste production thus decreasing the general utilization of natural resources (Kim & Mauborgne, 2015).  Innovative corporations can utilize technology in offering stiff competition to the waste management services which are mainly run by the government.  First  the companies  can promote the use of emails at  workplace  rather  than  utilization of  paper  letters and  notes which will  in turn  promote effective communication (Kim & Mauborgne, 2015). Most of the wastes that  reaches the landfills can be utilized  through  recycling to create  other  products , utilizing  product packages that can be recycled  and  adopting technology to accomplish most  things such as  communication.  Through the use of smart cans and truck for trash it is easy to collect wastes and make a distinction of those to be recycled.

Using porter’s model it is clear that the waste management industry is characterized by high purchasers bargaining power, low power of supplies, low competition, and reduced entry threats.  This means that  the adoption  of  innovation  can work best  with the adoption  of innovation  that  encourages  environmental  responsibility.  In addition, the  general  prices  of goods  can best  be handled  through  paying consumers  for  providing wastes that will later  be utilized  for  recycling  purposes. Consumers in the  market  have the  high  potential  of controlling  services  prices  by  demanding  quality  which  can be  offered  through  innovation.

Porter’s Five Forces Model analysis

Question 4

HR analytics refers  to the  analysis field that  handles  the application  of analytical  procedures  in the HR department of most organization today,  with the desire  of  improving the general performance of employees  thus improving the  general return (Smith, 2013).  This kind of analytics is not generally based  of collecting  data related to the  efficiency of employees  rather  it is aimed at offering  relative decisions  on how  the procedures  can be  developed.  On the other hand people analytics. People analytics involves the utilization of individuals associated data in improving as well as offering information to the different departments within an organization in influencing decisions.  This process  is  essential  during the  hiring and  recruitment  of fresh  staffs  as  it  states their general efficiency.  The  best  strategy to utilize  in the case is HR analytics  which will identify  the need  of training  and  motivating employees  to increase  their  performance as  well as boost the retention rate (Smith, 2013).

Question 5

The phrase radical  transparency  is utilized  across different fields such as  business, software design, politics  as  well as governance  to  offer  a description  to the  strategies  and actions  that rising the  fundamental openness  of the  firm’s  data and procedures. The performance of the business is developed by the strategy through creation of high engagement, focus, development and talent recruitment. This is similar to  Embedded sustainability which is  the environment  engagement , social  value  and health  into  the corporation’s primary business  without any  trade off  in regard  to quality  and price. Laszlo and Zhexembayeva states that sustainability can best are leveraged by sustainable development as endurance of profit. Both concepts are relevant and essential for the business in being competitive (Laszlo, 2011).

Question 6

Data translators can lower the gap amid scientists and executives by increasing communication. Miscommunications amid  scientists and executives is a common occurrence  that  hinders the ability  of  supporting  decisions  based on the inconsistent  disconnection  amid the  parties. Effective  decision  can best  be  made  with adequate  knowledge  which  can best  be offered by the translators (Kim  & Mauborgne, 2015). Data translators utilize evidence based theory in analyzing the needs and operational techniques with the use of actual data which helps executives in forming better decisions. The AI’s decision was made after the contextualization of the acquired analysis from the translation.  The validity of the decision is based on its sophistication, knowledge based, comprehensiveness and high embedment within the real context.

Dialogue Example

Data scientist: My wish is to grow  and  build  the  most innovative algorithm with the ability to directly  calculate  prime solution to the mathematical  methodology  including all sorts  of data.

Manager: The  annual  objective  is to rise  the  profit margin  by  at least  10 percent as compared  to the  previous year.

Question 7

Cloud system is an innovation approach that can benefit the health sector by improving services and enhancing affordability. Affordable healthcare is essential to the American market which is characterized by high demand for affordable services. The cloud system can decrease  the  general starting expenses  for  electronic health  details  which may include  software, licensing,  personnel,  hardware and  networking thus  facilitating  affordability  efficiency (Christensen et al., 2011).  The data centers should be suited in the head departments in every state to increase data movement and management efficiency. This would make it easier to access data within all the locations in the state for easier management. For the national implementation the star topology would be effective. In that the  system will utilize a central  location   and all  the other  locations will  be connected to one  another  in  ways that are not direct via the  central  location  which will increase effectiveness.

Question 8

Artificial  intelligence can be  described  as the broader concepts  of the general abilities  of machines to accomplish their  duties  in  approaches that can be termed  as  smart (Shi, 2011).  While on the   other  hand  machine  learning can best refer  to  a present utilization of AI that is  grounded on the  thought  that that there  should be the capability  of offering machines  data access  in order  to  permit data access (Shi, 2011).  This helps in understanding the general performance within an organization and how best different techniques can be utilized to eliminate issues to develop performance. The test began by formulating a hypothesis, analyzing the test to establish the findings. Both bots holds the capability of conversations since they are developed past the human behavior.  This can be  caused by  the memory of  words conversations since  the words are  not  based on  program and it utilizes thus  matches  searches  and inputs.

 

 

            References

Chandler, D. B., & Werther, W. B. J. (2013). Strategic Corporate Social Responsibility: Stakeholders, Globalization, and Sustainable Value Creation. SAGE Publications.

Christensen, C. M., Christensen, C. M., Christensen, C. M., Christensen, C. M., Raynor, M. E., Christensen, C. M., Dyer, J., ... Gregersen, H. B. (2011). [Disruptive innovation: The Christensen collection].

Kim, W. C., & Mauborgne, R. (2015). Blue ocean strategy: How to create uncontested market space and make the competition irrelevant. Harvard Business Review Press.

Laszlo, C. (2011). Embedded Sustainability: The Next Big Competitive Advantage. Sheffield: Greenleaf Pub.

Manu, A. (2016). Disruptive business: Desire, innovation and the re-design of business. London: Routledge.

Roy, D. (2009). Strategic foresight and Porter's five forces: Towards a synthesis. München: GRIN.

Shi, Z. (2011). Advanced artificial intelligence. Singapore: World Scientific.

Smith, T. (2013). HR analytics: The what, why and how--. Numerical Insights LLC.