Analysis of MHS's Capacity for Disruptive Innovation Strategies

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Added on  2023/01/23

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This presentation analyzes MHS's capacity and capability for adapting disruptive innovation. It begins with an introduction to disruptive innovation and its influencing factors, followed by detailed examinations of internal, external, marketing, and technological perspectives. The internal perspective focuses on MHS's organizational culture, resources, processes, and priorities, including its top-down managerial structure and emphasis on experience for promotions. The external perspective assesses how commitments, relationships, and regulatory bodies affect innovation. Marketing perspectives include customer visit programs, empathic designs, and lead user processes. The technological perspective examines business processes, including product development, procurement, and marketing research. Recommendations are provided for each perspective to enhance MHS's innovation capabilities. The presentation concludes by emphasizing the importance of analyzing these various perspectives to successfully implement disruptive innovation within the business, particularly for an organization like MHS that deals in dermatological products.
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DYNAMIC
STRATEGY AND
DISRUPTIVE
INNOVATION
25/01/19
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Table of Contents
Introduction
Internal Perspectives
External Perspectives
Marketing Perspectives
Technological Perspectives
Conclusion
25/01/19
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INTRODUCTION
25/01/19
Disruptive Innovation can be defined as the technology and its
application can significantly bring influences and effects the
way how industry or marketer functions.
There are various factors that influences and effects the
organisation's innovation capacity and capability.
In this presentation, analysis is done on the MHS's capacity
and capability for adapting disruptive innovation.
The report will research and analyse about the internal,
external, technological and marketing perspective in details.
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Internal Perspective
25/01/19
Disruptive Innovation can be referred as the introduction of new
products or services into established company which performs better
and at a lower cost as compared with other existing offerings.
And thereby, displacing market leaders in specific market space and
transforms the particular industry. The internal structure and culture of
organisation acts as a focal point of discussions related to the
innovation.
There are various factors available in the internal business environment
which can affect and influence the organisation's innovation capacity.
It includes values, culture, resources, employees and processes of
organisation.
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To be Continued…
25/01/19
According to the Christensen's disruptive innovation theory,
organisational culture manifests it as the RPP, i.e. Resources, Processes
and Priorities.
This refers that organisational culture is made of these things.
The managerial structure of MHS is top-down that refers all decisions
are made by General Manager and senior executive team of every
business unit.
And then these are filtered down to lower levels of the hierarchy.
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To be Continued..
25/01/19
The culture of MHS is focused in such a way that they believe that
senior executives needs to come up through ranks.
Thus, many top executives of MHS worked for an extended period and
mostly also worked within one business unit.
This is considered as the internal perspective of company for
implementing disruptive innovation.
In the MHS organisation, experience is considered as the key criteria
regrading the promotions.
Thus, it can be concluded that internal perspective and factors of MHS
provides the capacity for bringing disruptive innovation.
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Recommendation
25/01/19
In order to have disruptive Innovation, organisation should
focus on setting the priorities on high. It then needs to focus on
aligning the resources consistently with such priorities and also
to establish effective processes. MHS focuses on consistently
providing dividend to its shareholders even in the time of low
profit years. The company also should aim at building better
relationship with shareholders so that dividends can be moved
towards high potential and long-term Research &
Development projects. Some business organisations spend so
much energy and time on various tools and content of change
and lose sight of actually important elements. In order to effect
the change or innovation which can allow them for thriving in
uncertainty, business needs to focus more on shifting mindsets
and leadership principles for cultivating the human
capabilities.
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External Perspective
25/01/19
As the Millennium Health Science is the company which is
developed and manufacture the dermatologically tested skin care products
to the market. This millennium health science has two business within it,
namely, Neutrino, which manufacture vitamins and Dermatech, which
produce advance skin care products.
To make innovation in their products and brings dynamic
changes in their strategies various factors affect its, innovative capacity
such as commitments and relationships, regulatory and economic condition
of country.
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To be Continued..
25/01/19
Commitments and relationships affect the innovative capacity of the
Millennium health science and its both of the business to produce the
vitamins and advance skin care products.
As the commitments with the external clients like doctors, beauticians,
pharmacist and many more, if these all are not committed with their
work regarding the products of the skin care. Then the company can
not do innovation in their products.
If pharmacist denied selling its product in the market and if doctors
would not test the products in the clinic ad not give ideas and
ingredients that make the skin younger and flawless then the company
can not be able to do the innovation in their products that can be useful
for the customers.
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To be Continued..
25/01/19
Relationships with the doctors, beauticians and customers also affect
the innovation capacity of the millennium health science company.
As the relationships with the doctors and customers is not good and
strong enough that affect the business and innovation.
As customers will not purchase their products, then the company do
not get the idea about customers and their choice and need for the skin
care.
Then the innovation capacity of the millennium healthy science would
not work according to the customers.
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To be Continued..
25/01/19
Regulatory body also affect the innovation capability of the
millennium health science company and its both of the business.
If the regulatory body of the country is not make such effective rules
and politicises for the health care and medical field the company can
not apply is all innovative strategies into reality to develop the al new
skin care range and vitamin supplements by the Dermatech and
Neutrino company.
After some time regulatory body is change and then it brings new
policies along with them.
If the company has make their plans and set the target to what change
they can do for the betterment of the customer's skin and provide them
the best vitamin supplements.
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To be Continued…
25/01/19
As the supplements all the chemical which is being used to make the
skin care products and vitamin supplements are little expensive.
To produce and manufacture the skin care product become difficult if
the economic condition of the country is poor.
Low and poor economic condition of the country will not be able to
provide the different resources and different ingredients that require
manufacturing the products.
If millennium health care require any resource or the doctor or
beautician from the outside the country's boundary, to make innovation
implementation by the dermatech and Neutrino, then it affects the
innovation capacity of the millennium health science.
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