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Debasish Bhattacharyya

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Oct 22, 2021, 2:45:14 PM10/22/21
to Discussion forum for Innovation, Business Models and Entrepreneurship
22.10.2021

Prof. Rajat Agrawal & Prof. Vinay Sharma

Dear Sirs,

Would be thankful if you kindly check the following and revert accordingly, with reevaluation of scores, if my answers are right.

1) In Qn. 8 of Assignment-1: I had answered - "Design thinking is a people-centred approach." But, it was marked incorrect and correct answer was given as "solution-centred". Design thinking is always a human-centred approach, even as per Slide Time: 17:25 of Lecture 5. Kindly confirm and reevaluate my score. 

2) In Qn. 8 of Assignment-3: The correct answer has been given as "Research Scholar". Would you please explain why the answer should be "Research Scholar"?

3) In Qn. 1 of Assignment-4: Except "global sourcing of components" all the other elements mentioned are offerings for the customers. I answered "Value proposition" considering from the customers' perspective. Could you please explain why "Value proposition" too would not be considered as correct answer?

4) In Qn. 5 of Assignment 6: Please explain why "Netflix" is a radical innovation and "LCD" is not.

With thanks and regards,

Debasish Bhattacharyya


NOC21 MG63

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Oct 25, 2021, 1:17:19 AM10/25/21
to Discussion forum for Innovation, Business Models and Entrepreneurship, Debasish Bhattacharyya
Hello,

In regards to Assignment 1 Q8, your answer is not incorrect but also not completely right. As it is a fill-up question it automatically entails the best suitable answer has to be selected. Before being a people-centred approach, design thinking is a solution-centred approach. The purpose of design thinking is to provide solutions first and foremost. I have explained this to a previous candidate also. You can check that thread.

As you yourself pointed out global sourcing of components is not a part of the value proposition whereas all these components come under a business model. I am sure if you will revise the concept of the business model. You'll understand. 
For radical innovation, we need new technology and a new market that does not apply to LCD as its market was already existing and thriving.

Debasish Bhattacharyya

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Oct 25, 2021, 6:33:26 AM10/25/21
to Discussion forum for Innovation, Business Models and Entrepreneurship, noc21...@nptel.iitm.ac.in, Debasish Bhattacharyya

25.10.2021

Prof. Rajat Agrawal & Prof. Vinay Sharma

Dear Sirs,

I thank both of you for your kind response as well as the enriching course.

I request you to respond to my following points. This is because I do not want to carry on with doubts from the wonderful course. Am sure, the doubt-clearance would help other learners as well.

1) Assignment-1: Qn. 8:

You have said: “Before being a people-centred approach, design thinking is a solution-centred approach”.

But, the essence of Design Thinking says, solution has to be devised and created keeping in view the user’s pain-points, user’s context and user’s feedback. So, “humans/people” come before the “solution”. Moreover, it does not suggest thrusting a “solution” upon “humans/people”. So, with due respect to you, I disagree to your points and request you to reevaluate and give me full marks for my answer.

2) Assignment-3: Qn. 8:

The correct answer has been given as "Research Scholar". Request you to please explain why the answer should be "Research Scholar". I could not understand how publishing of research papers by a research scholar with the guidance of experts, pertained to “participation for innovation”. The research scholar might have come out with a finding or have made a break through invention, which would have a potential impact. But, I fail to understand how “participation for innovation” has happened by the research scholar. “Innovation” would happen only when the finding/invention by the research scholar goes beyond the paper or lab, is productized, is actually implemented and thereafter the utility or benefit out of it is obtained. I feel the question was not right. So, the benefit of score for the said incorrect question should go to all the learners concerned.    

3) Assignment-4: Qn. 1:

It is a new learning for me from your points that the value propositions mentioned in the question are part of “Business Model” and not “Business Strategy”. If those customer-centric offerings had been considered a part of “Business Strategy” then my answer (value proposition) would have been correct, at least partially.  

4) Assignment-6: Qn. 5:

Request you to elaborate more on why "Netflix" is a radical innovation and why "LCD" should not be considered a right answer.

Since, discovery of liquid crystalline nature of cholesterol extracted from carrots, in 1888, by Austrian botanist and chemist Friedrich Richard Kornelius Reinitzer and production of first such display panel by Hoffman La Roche company in 1971, LCD has come a long way and has still the promise of greater role in future too. LCD has contributed immensely in the Information Age by revolutionizing the interface between machines and humans in a more user-friendly manner. Increasing significance of mobility in our lives, the need to communicate anytime anywhere have made fast-switching and energy-saving displays imperative. LCD came in there as a catalyst to growth. I am mentioning here only a few sectors where the impact of LCD has been felt and benefit obtained - aircraft cockpit display panels, computers/laptops/tabs, calculators, lab instruments, electronic control panels used in industries, telephones, mobile phones, digital cameras/camcorders, gaming devices, video walls, projection systems, electronic billboards, medical devices.

It would be interesting to know about such impacts of “Netflix” and the reasons for preferring it as a radical innovation to LCD. Kindly share the logic and insight behind that.

5) Assignment 8: Qn. 3:

I agree that the statement "There is a very high percentage of start-up failure." is correct. 

But, the right answer should be "Success and failure of start-ups depend on the idea of start-up." This is because "idea of start-up" comes much before a start-up commences its journey and much before it faces success or failure. 

The very first root cause of "success or failure" is always the "idea of start-up" leave alone the “high percentage”. If the "idea of start-up" is not right that implies:

(i) problem has not been identified properly, 

(ii) problem space have not been observed rightly, 

(iii) pain-points concerned have not been diagnosed correctly and 

(iv) the concerns and feedback of the customer and/or user have not been taken into consideration.

(v) the idea of the "offering" has not been correctly thought out or researched.

So, if the "idea of start-up", does not fulfil the above requirements it would obviously lead to the path of failure. Request you to reconsider the answer and re-evaluate the score of the question.

Would appreciate your kind response on the above.

With thanks and regards,

Debasish Bhattacharyya


Debasish Bhattacharyya

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Oct 29, 2021, 6:19:11 AM10/29/21
to Discussion forum for Innovation, Business Models and Entrepreneurship, Debasish Bhattacharyya, noc21...@nptel.iitm.ac.in
29.10.2021

Prof Rajat Agarwal & Prof. Vinay Sharma

Dear Sirs,

This has reference to my previous request, dated 25.10.2021, as per trail mail.

Requesting you again to clear the doubts, as mentioned in the mail concerned. 

Your kind elucidation would help not only me but also other learners in clearing ambiguity in our learning from the course.

With thanks and regards,

Debasish Bhattacharyya

NOC21 MG63

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Nov 15, 2021, 10:55:49 AM11/15/21
to Discussion forum for Innovation, Business Models and Entrepreneurship, Debasish Bhattacharyya, NOC21 MG63
Hello,

We will look into the matter, if we will found that any necessary steps need to be taken related to assignments then we will surely do it.
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