Innovation and Change - Open Innovation and Strategy Essay

Innovation and win over - Open Innovation and Strategy - Essay ExampleThis creates proper competition in the trade as the firms compete on specific value benefits to the customers. The calculator industry across the world has greatly been break by new innovations that atomic number 18 always meant to add value to the existing products in the market. Initially, mainframe computers were the solely existing form of computers in the market. Such computers had the ability to address all the important needs of raft at the time. However, developments in the computer industry led to the introduction of individualized computers. These computers were non in each way seen as competitors to the mainframe computers. The in the flesh(predicate) computers therefore developed effectively without more than influence on the mainframe computer market. In any case, these two types of computers had totally different applications in the market. However with time, the personal computers became a great threat to the operations of the mainframe computers which had very great limitations owing to their size and portability. This repugn eventually led to the disruption of the mainframe computer industry when the personal computers became much adopted in the market in contrast to the mainframe computers. ... This creates a lot of challenges in the market. The development of personal computers was for a long time totally unrelated to the mainframe computers market. Basically, personal computers were not used for industry applications since they were considered not powerful enough to perform such great tasks. However, with a lot of developments and innovation, much success has in reality been evidenced. The market for personal computers eventually became much greater than mainframe market. However, much disruption in the market is still expected given the introduction of minicomputers and other smaller computers. The major driving force goat this disruption is actually the ne ed for efficiency and ease of operations. While mainframe computers are still much effective in industry applications, they greatly face a lot of competition from the personal computer market. Fundamentally, it has to be realized that personal computers were actually an innovation and development of the mainframe computers. These computers were basically an extension of the engineering used in the mainframes which were in much use in the 1970s through to the 1980s. While the personal computers have greatly managed to bridge the gap that always existed in terms of computer applications in the market, slightly gaps still exist in the market which create the need for more innovation. In this regard, mainframe computers are widely used in industries due to their great speeds and processing ability. In organizational setups, such computers are often used to manage other computers in the organization. While such features are greatly invaluable and demanded in the market, most personal c omputers do not have the ability to provide such