BUS1DIB Disruption in Business Assignment: Consolidation of Weekly Workshop Prep Overview Over the past few weeks, you have worked with your small groups to explore a range of concepts. This...

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BUS1DIB Disruption in Business Assignment: Consolidation of Weekly Workshop Prep Overview Over the past few weeks, you have worked with your small groups to explore a range of concepts. This assignment is to consolidate your work and provide you with the opportunity to reflect on what you have learned through this small group work. Specific Requirements Your boss has asked for a progress report of “your idea.” Please consolidate your weekly workshop prep into a brief document. There should be: • A brief (~200 word) summary of your reflections resulting from these activities • Brief (1 to 3 page) summaries of the individual weekly activities o Example of historical disruption o “Your idea” applied to the Doblin 10 Ways framework o How data might support “your idea”, initial and refined o Data ethics implications of “your idea” o Data governance implications of “your idea” • A brief (~200 word) summary of the feedback from your peer group Grading This assignment will be graded on a “work ready” basis. The assignment needs to be: • turned in on time (via LMS) • meet formatting and documentation requirements (pdf, A4 pages, minimum 12 point font, etc) • be “reader friendly” (e.g., free from obvious spelling errors, concise, persuasive). Furthermore, the assignment needs to: • demonstrate the work that you did • demonstrate the application of the various frameworks and concepts • demonstrate your understanding of the feedback provided by your peer group members • articulate the learnings that you have taken out of the various assignments. Finally, you will need to ensure that you use examples and referenceable facts to support your arguments. Facts (for example “73% of Australians are in favour of electronic banking”) beat assertions (“Lots of Australians are in favour of electronic banking”). Facts that are conventionally accepted (for example, “the sun will rise in the East tomorrow morning”) do not have to be substantiated, but facts that are not in the general knowledge of the reader should be substantiated from a credible source.
Answered Same DayOct 03, 2021BUS1DIBLa Trobe University

Answer To: BUS1DIB Disruption in Business Assignment: Consolidation of Weekly Workshop Prep Overview Over the...

Dilpreet answered on Oct 11 2021
143 Votes
CONSOLIDATION OF WEEKLY WORKSHOP PREP
Table of contents
Summary of reflections    3
Example of historical disruption    3
Doblin 10 ways framework    3
Support of data: initial or refined    4
Data Ethics    4
Dat
a Governance    4
Summary of feedback from peer group    5
References    6
Summary of Reflections
Through this subject I have gained ample knowledge about the importance of data in disrupting traditional business activities and thus, helping in the formulation of business strategies. Analytics can be utilised to gain business insights into the available data. As I could understand the underlying modules and lectures disruptive innovation, a term coined by Clayton Christensen is process through which existing market and competitors can be disrupted to create a new value chain and market. Data in business is simple facts and figures which can be organised into meaningful information for analytics. The subject helped to understand the factors that drive the need of analytics such as investigation, performance reporting, gaining new insights etc. Modes of disruption could be cost/value, range, and platforms, new functions etc. functions of disruption could be business process management and employee turnover analytics. This subject also helped me to understand data ethics. In the opinion of Floridi and Taddeo (2016) data ethics helps to evaluate moral issues related to data. As inferred through the lectures data governance could be explained as overall management of the data used by a business. Data analytics could help to enhance performance of business.
Example of Historical Disruption
Kodak has been selected here to give an example. In 1990s the technology used by Kodak was untouchable in the industry. But as the technology improved and advancements were made Kodak failed to respond to digital innovation taking place in the photography industry. They did not bother to disrupt the existing technologies with the help of disruptive innovation techniques to enter into the new value chain and market. As a result of which the...
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