Choose a recent innovation from one of the following

Question

Description

Choose a recent innovation from one of the following industry sectors:

Advanced Manufacturing.

Agribusiness and Food

Cyber Security

Mining - (equipment, technology & services)

Medical technologies & pharmaceuticals

Renewable energy

Social entrepreneurship

You may like to review:

https://www.industry.gov.au/industry/Industry-Growth-Centres/Pages/default.aspx

https://www.csiro.au/en/Do-business/Futures/Reports/Australia-2030

Word Limit: 2000 words (excluding the references and reference list)

Part A : (Approximately 1250 words)

1. Analyse the unique value proposition of an innovation using a specific firm/company example. Detail the innovation's benefits that differentiate its value offering from the customer / end-user perspective; the demand side of the value proposition.
2. Distinguish and discuss the innovation type (incremental ...............radical).
3. How does the innovation offer unique / or superior value over indirect or direct competitive offerings? Consider substitution threats to the innovation that may diminish the SCA.
4. How may the value proposition be explored and applied further to enhance a competitive position or competitive advantage for the innovative company? What do you consider may be the next innovation by the firm you have chosen?

Part B: (Approximately 750 words)

1. 1. How has the innovative firm sought to exploit knowledge and capability developed through your example of innovative activity?
   2. Outline and discuss the business model used by the firm. How has the firm attempted to capture value from the innovation? -The supply side- (as chosen by you in Part A).