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Transaction On Autonomous And Adaptive Systems

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Question:

Discuss about the Transaction on Autonomous and Adaptive Systems.
 
 

Answer:

Introduction:

The video focuses on the key aspects of strategy. David Kryscynski explained that strategy is a very broad term and the organizations must understand the differences between tactics and strategies. One of the key takeaways from the video is that strategy is not only what is to be done; but it includes the things that should not be done. In the video, author discussed the example of Ikea. The strategy of Ikea is clear in terms of both dos and don’ts. Ikea knows that product differentiation, clubbed with cost leadership is its core competency. At the same time, Ikea does not compete in high-end furniture, as the company knows that its segment is not high-end furniture. I agree with authors that I agree with you when you say that organizations that utilize resources from and are influenced by their environment are practicing an open systems approach (Kryscynski, 2015).  I would add that businesses that discharge products and services back into the environment are practicing an open systems approach as well (Kryscynski, 2015). And I think that, at least to some extent, this describes all organizations (Kryscynski, 2015).  In my opinion the key question is not whether organizations are open systems, rather it is the degree to which they are open systems. In the video, author presented that strategy should be thought effectively before it is implemented and it is important that strategy should have a focused approach.

Application of key learning:

The key learning about the strategy from above video could be applied to wide variety of organizations and situations. The key learning from the above video would be particularly useful for the organizations that are confused about the type of strategies that they should use. Let’s apply the key learning from the video to Amazon. The company, Amazon has its presence in almost every country of the world. In some countries, Amazon uses product differentiation strategy and in some countries, Amazon used cost leadership strategy. It is important that Amazon should use system theory of strategy development and execution while operating in different parts of the world. The suggestions made by the people in the field Open Systems Theory can create problems is sometimes usable because the systems theory describes the concepts and relationships between organizations, groups and individuals (Cummings & Worley, 2009). What makes systems theory complex is having the multiple organizations within organization with departmental subsystems (Cummings & Worley, 2009). However, when you have multiple organizations within one another it can be very difficult to have someone in management sign off on a time sensitive document. It is important that Amazon must have a clear understanding of what is to be done in various local markets and the things that should not be done in various markets. In addition to Amazon, the learning from this video could also be applied to small organizations. Let’s take an example of a small retail store located in Sydney. Let’s assume that it is a stand-alone store. The manager of the store can have a strategy in place to increase the profitability of the store. It can happen only when the store manager knows the basic definition of strategy. For example, getting the materials from suppliers at low cost should not be considered as a strategy for the retail store. The difference in the application of this video to Amazon and small retail store is that Amazon would have to focus the strategy on line of its vision and in the case of retail store, the strategy would be more focused on the vision as it is a small organization.

 

Business Model Innovation

In the video, author links innovation with business model. One of the keys learning from the video is that innovation is an important part of business model. In this era of globalization, the successful companies are one who have innovative business model. Schneider (2006) further acknowledges the role of leadership as an important aspect of business leaders understanding systems approaches, as well as adaptable leadership abilities. For example, therapist, social workers, teachers, and doctors, etc., provide support to people in need. This relates because people or outside sources dictate the help needed and direction of classes. Open systems are worth it as indicated above, while at the same time understanding that problems arise when too much attention and resources are focused on outside influences. In an organizational setting, the innovation could be based on open system approach. According to Anders, Schiendorfer, Siefert, Steghoffer, & Reif (2015) “Such systems consist of a large number of heterogeneous agents that are embedded in a dynamic and potentially hostile environment. Since the agents’ behavior and objectives are possibly not under the control of the system designer or other agents, only few assumptions can be made about them” (p. 3). This statement succinctly summarizes one problem that could arise from this type of system. It is often difficult to ensure collaboration and cooperation among diverse entities. At times, two departments or environmental agents may actually be working against each other, rather than working together for the good of the organization. When a hierarchal, closed form of control is lacking in an organization, it runs the risk of becoming too disorganized to function effectively.

Application of key learning:

The key learning from the above video that innovation is a key part of business model could be applied to number of business scenarios and applications. Let’s apply the above learning to Google. The company, Google, is an innovative organization and we all know the focus on innovation that Google has. The entire success and development of Google depends on the way the employees of the company can bring innovation in its business operations (Visnjic, Wiengarten & Neely, 2016). The leaders and management of Google always motivate its employees to think out of the box. In a gradual manner, Google is able to develop a culture of innovation. The company is able to develop the business model where innovation is the underlying core competency of organization. It is important that the company must continue its strategy of innovation led business model in different markets. For Google, innovation is a natural part of its business model. It is important that Google must continue on the same path of innovation and it must further streamline its business operations. Google is a large organization with vast eco-system. Let’s also apply the concept of business model innovation to the small company like a retail store in Sydney. For that retail store, the innovation in business model would mean various means like getting the raw materials from suppliers at low cost, using Information Technology to improve business operations, etc. The application of video would suggest that the retail store must have a watch on the external or the industry factors to continuously refine its business model. The change is inevitable and the small organizations should also realize the fact that the large organizations can drive the change in the industry where they operate.

 

References

Anders, G., Schiendorfer, A., Siefert, F., Steghoffer, J, & Reif, W., (2015).Cooperative resource allocation in open systems of systems. ACM Transaction on Autonomous and Adaptive Systems, 10(2), 1-44

Cummings, T. G. & Worley, C. G. (2009). Organizational Development & Change. Mason, OH: South-Western.

Gallen, S. 2013. Business model innovation. Retrieved from: https://www.youtube.com/watch?v=B4ZSGQW0UMI

Kryscynski, D. 2015. What is strategy. Retrieved from: https://www.youtube.com/watch?v=TD7WSLeQtVw

Visnjic, I., Wiengarten, F. and Neely, A., 2016. Only the brave: Product innovation, service business model innovation, and their impact on performance. Journal of Product Innovation Management, 33(1), pp.36-52.

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