The Impact of Technological Disruption on Demand and Supply
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
The Impact of Technological Disruption on Demand and Supply
Technological disruption refers to the process whereby new technologies or innovations displace existing technologies, products, or services in the market. The impact of technological disruption on demand and supply can be significant and can cause disruptions in various industries.
On the demand side, technological disruption can change consumer preferences and behaviors, leading to changes in the demand for products and services. For instance, the rise of e-commerce platforms has made it more convenient for consumers to shop online, which has increased demand for online shopping and reduced demand for brick-and-mortar stores. This shift in demand has caused many retailers to re-evaluate their business models and invest in online channels to remain competitive.
Similarly, the widespread adoption of smartphones and other mobile devices has led to a change in consumer behavior, with more people using mobile apps to access services such as banking, transportation, and entertainment. This shift has led to increased demand for mobile-friendly websites and apps, and businesses that fail to adapt to this change risk losing customers to their competitors.
On the supply side, technological disruption can lead to changes in production methods, resulting in changes in the supply of goods and services. For example, the use of robotics and automation in manufacturing has led to increased efficiency and productivity, reducing the need for human labor. This has led to a decrease in the supply of manufacturing jobs, which has had significant implications for workers and their communities.
Similarly, the rise of 3D printing technology has disrupted traditional manufacturing processes, allowing businesses to produce customized products on demand without the need for large-scale production facilities. This has led to a shift in the supply of goods towards smaller-scale, more localized production, which has implications for global supply chains and trade patterns.
Technological disruption can also lead to the emergence of new markets and the disruption of existing ones. For example, the rise of the sharing economy has disrupted traditional business models in industries such as transportation and hospitality. Companies such as Uber and Airbnb have created new markets by connecting consumers directly with service providers, bypassing traditional intermediaries such as taxi companies and hotels.
The impact of technological disruption on demand and supply can be both positive and negative. On the positive side, technological disruption can lead to increased efficiency, productivity, and innovation, resulting in lower costs and higher quality products and services for consumers. It can also create new business opportunities and markets, providing economic growth and job creation.
However, technological disruption can also have negative consequences. For example, it can lead to the displacement of workers and the disruption of industries, resulting in job losses and economic disruption. It can also lead to increased inequality, with the benefits of technological disruption being concentrated in the hands of a few individuals or companies.
In conclusion, technological disruption has had a significant impact on demand and supply in various industries. It has changed consumer preferences and behaviors, led to changes in production methods and the supply of goods and services, and disrupted existing markets while creating new ones. While the impact of technological disruption can be positive in terms of increased efficiency, productivity, and innovation, it can also have negative consequences, such as job displacement and increased inequality. It is important for businesses, policymakers, and individuals to understand the implications of technological disruption and to develop strategies to adapt to and benefit from these changes.
The Impact of Technological Disruption on Demand and Supply
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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