Assignment Description:
Journal Reflection
Write a 1500-word journal reflection addressing each of the following points/questions. Be sure to completely answer all the questions for each bullet point. Separate each section in your paper with a clear heading that allows your professor to know which bullet you are addressing in that section of your paper. Support your ideas with at least one (1) citation in your essay. Make sure to reference the citations using the APA writing style for the essay. The cover page and reference page do not count towards the minimum word amount. Review the rubric criteria for this assignment.
We have explored the area of new service innovations in this module. It should be clear there is considerable overlap between product development and service development. There are clear differences between products and services, most notably with services the consumer is co-producer, but so many products now incorporate services that it is sometimes unclear why we treat them separately. There is a wide range of services within the economy, and new technology is providing a driving force for many new services.
Review the article 15 tech companies to watch in 2018 and answer the following questions. Using the article as your foundation write a journal reflection paper. Include answers to the following questions as part of your reflection.
- What are the factors that have led to the increase in services?
- How has new technology contributed to the growth in services?
- Discuss how some new services have created new business models.
- Explain the key roles played by the consumer in new service development.
The following specifications are required for this assignment:
- Length: Approximately 1,500+ words total for this journal reflection assignment
- Structure: Include a title page and reference page in APA style. These do not count toward the minimum word amount for this assignment.
- References: Use the appropriate APA style in-text citations and references for all resources utilized to answer the questions. Include at least one (1) scholarly citation to support your claims.