Description
Notes and requests:
- All sources must be cited. But if the source is the textbook, class discussion, or your own work experience, feel free to cite them that way, e.g. “(textbook)”, “(class discussion)”, or “(work experience)”. No need to go find a specific article or page number from the text.
- Grammar, punctuation, and spelling count for 20% of the total point value. Answers should be in prose/paragraph form, not outlines. Exceptions: if a bullet list or table is a clear and convincing way to present part of an answer, that will be acceptable.
- Each question should be 2-3 paragraphs – no more, no less.
- Include the original question with your answer, so it’s clear which one you’re answering.
- Considering the automotive market, look at a new technology that is going to begin widespread delivery, such as the automatic braking recently proposed by the US federal government and major automakers. How might the intellectual property for this capability be protected?
- Consider the sharing economy (Organizations, for example, AirBnB and Uber), clarify how the globalization of business sectors influences the significance of advancement for such organizations.
- Again considering the car showcase, by what method may industry members (automakers, parts producers, innovation creators) work together to convey new car capacities, similar to programmed braking or in-auto stimulation? By what method may the joint efforts contrast when managing life-security issues like programmed braking versus excitement highlights?
- Banks are experiencing a troublesome time of changing in accordance with dependably on access to cash and data. In light of your encounters with the managing an account industry (U.S. then again generally), depict the reciprocal innovations that empower banks to give better administrations, and the focused advancements that debilitate to push banks out of the focal point of their customers' money related lives.
- Consider new developments that have made the news in the installments business, similar to Apple Pay. Taking into account what you know of it (or can gain from some concise research online), what correlative business connections did Apple require keeping in mind the end goal to make this administration work and be feasible in the market? What innovation must be set up in retail situations?
- Consider "wearable" registering innovations, including Nike FuelBand, FitBit, Google Glass, Oculus Crack Virtual Reality, and others like it. As a customer, what equipment and programming would you expect one or a greater amount of these gadgets to interoperate with? In view of your perceptions of the market, which advances and items are farthest along in their reception bends (i.e., have higher selection)? Why do you surmise that is? Thinking about “cloud” computing (e.g., Amazon Web Services, DropBox, iCloud, Google Docs, and the like), they often represent a form of collaboration referred to as outsourcing. What would motivate an organization to outsource elements of their technology operations to a third party like Google or Amazon? Your answer might be in terms of core competencies, Porter’s model, or other concepts from the class discussions.
- Thinking about “cloud” computing (e.g., Amazon Web Services, DropBox, iCloud, Google Docs, and the like), they often represent a form of collaboration referred to as outsourcing. What would motivate an organization to outsource elements of their technology operations to a third party like Google or Amazon? Your answer might be in terms of core competencies, Porter’s model, or other concepts from the class discussions.
Explanation & Answer
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Technology and Innovation
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Question No # 1
The automotive industry has seen new developments regarding the complexity of
processes with the aim of increasing safety of both the driver and passenger. New developments
signalized by the introduction of the electronic braking system have gone a long way to ensuring
that other auto brands feel challenged in the light of increased competition, (Kong, C). The
automatic braking systems aim at replacing or merely complementing already existing safety
belts and airbags. However, with increased competition, the intellectual property (IP) of auto
companies has to receive more protection concerning new inventions and brands. Such
protection issued through the protection of copyrights such as contracts, mergers, artworks and
written works which identify each firm as the primary creator thus owning exclusive ownership
rights. Copyrights will ensure that only the specified owner is allowed to produce and distribute
the cars.
Besides, protection of patent rights will include the use of trade and production licenses
issued by Trademark and patent centers distributed throughout the US. Private information
including process, products and trade secrets of each auto firm will receive security through the
use of programs and contracts with the federal law. Besides, companies that integrate high-tech
cameras and sensors to complement the automatic braking system distinguish themselves from
those companies that only implement the automatic braking system. Thus, such businesses can
be singled out and protected, (Kong, C).
Also, the system will include the protection of trademarks. The logo of a company refers
to its brand which distinguishes the products and services the company offers from those
provided by its competitors. Therefore, enterprises that provide vehicles that have integrated the
automatic braking system will be required to register their brands with the federal and state
government which provide protection of a company`s product from being copied by another
organization.
Question No # 2
Globalization plays a vital and significant role in expanding the market for sh...
