1. Provide a concise profile of an economically (or socio-economically) significant disruptive innovation developed and relatively recently installed in the economy by an individual, firm, coalition, industry, community, region or country of your choice. Your profile must be supported by relevant data and statements obtained from properly cited credible sources.2. Based on course material,1 briefly explain the concept of economic disruption before describing why the innovation is economically disruptive and how it changed and/or continues to change economic value and behaviour in the Knowledge Based Economy (KBE). 3. 3.Using relevant concepts and theories from the course, analyse the evolution of the innovation from its pre-infancy to some well-argued likely next-decade state. Your analysis should, at minimum, consider the coevolving influence of the consumer, industry (supplier and competitor), financial and institutional environments that supported or countervailed against the innovation’s progress along its lifecycle trajectory. Your analysis should clearly dissect and explain the role of the entrepreneurial function in manipulating, leveraging and overcoming relevant aspects of these conditions during the innovation’s (disruptive) installation in the economy.4.Identify and discuss the role(s) of national and/or international public policy in supporting or hindering the diffusion and uptake of the innovation. Explain the intended reasons and actual consequences of these policies. Identify and explain at least one alternative policy that would lead to better socio-economic outcomes.5. Conclude your essay with a critical reflection of the efficacy (strengths and weaknesses) of the scholarly theory or theories you employed in your case analysis, including suggestion(s) for improvement or further work if you were to repeat or extend your analysis.
Due to over-concentration in previous semesters and too-readily available case material in both the academic literature and across the internet, students must not analyse internet social media, messaging, sharing economy, sales or other digital platforms (e.g., Facebook, WhatsApp, Twitter, WeChat, Weibo, Airbnb, Uber, Airtasker, Freelancer, Amazon, Alibaba, eBay, Netflix, iTunes etc.) unless a highly compelling case for doing so is presented to and approved by the Course Coordinator at least 4 weeks before the assignment’s due date. • Essay word count excludes cover sheet and References section word counts. Penalties apply if your essay word count is not within plus or minus 10% of 1,200 words. • Do not include appendices. This is an essay, not a report – appendices will not be read or marked. • Include a properly formatted References section (not a Bibliography) for all cited references.