The Diarmuid Gillingham Blog

  Introduction Modern technology and primarily digital technology have made the world into a much more connected place as it is easier than ever before to make contact with people from anywhere in the world. Some firms have embraced that development while others perhaps have not. For companies who have embraced these changes and wish to embrace these changes in the future, one way of doing this is that of open innovation.    For context, this answer will break down what exactly is meat by the key terms in the above question such as “open innovation” “intermediary “seekers” and finally “solvers”. It will then do on to explain how these terms fit in with modern business with the use of relevant examples. The organising of all this is known as innovation management.    Key Terms The first key term to examine is that of open innovation. Henry Chesbrough, one of the key thinkers around the topic of Open Innovation describes it as firms look to ideas outside the firm ...

  Intro There is an increasing dilemma when it comes how data is collected. It is easy to see why when many writers have said that we have created more data in the last two years that we have in all of human history. The old saying is that knowledge equals power and with great power comes great responsibility. Teachnology in itself is becoming less of a competitive advantage as the latest tech is so assessable. This means the way the way to gain an advantage is with the use of data and becoming “data driven” Data is king and organisations are finding new ways of getting it, often in ways that people are not aware off. One does not need to go far to find someone who is convinced that their device is listening to their conversations for example.    How has this data collection happened? Data has gotton out of control for many reasons but one big reason is that people had and still don’t understand how their data is collected. Many companies offer people terms and conditions...

  As the title suggests the five business model patterns indicated in the book “ Business Model Generation”  are as followed.   Unbundling the Corporation Long Tail Open Business Models Multi-Sided Platforms Free-as-a-Business Model   Introduction to Cloud Computing Cloud computing is services available on-demand online for users to access. Cloud computing includes social media sites like twitter, messaging sites like WhatsApp and companies who take the opportunities to scale like never before, such as Amazon or Google. Not often but many of these services are offered as a pay as you go such as Netflix or Amazon Web Services. This means users only pay for services while they need them. Such services are also scalable meaning they the virtually the same product can be offered in differing ways depending on what the user requires.    Another thing that makes the cloud and digital-based products different from traditional products are that they can be sold man...

  ‘Kenneth Arrow’s 1963 paper entitled “Uncertainty and the Welfare Economics of Medical Care” identifies the unique characteristics of the health care market and health care commodities. He states that “the list is not exhaustive, and it is not claimed that the characteristics listed are individually unique to this market. But, taken together, they do establish a special place for medical care in economic analysis”. Discuss this statement-making use of applied examples and references where appropriate’.   The American entrepreneur and motivational speaker Jim Rohn once said “Take care of your body it is the only place you have to live” No matter what way one looks at health and health care their importance is infinite. This quote shows the importance of studying healthcare from every perspective. Economically included. When Kenneth Arrow wrote his paper “Welfare Economics of Medical Care” he was correct that the healthcare system as a market brings with it many unique feature...

In September 2015, the OECD published an overview of its report on Ireland titled  OECD Economic Surveys: Ireland overview  It suggests  “getting more people back to work is the best way to spread the gains from the recovery….. Some important policy levers for achieving this are: well-designed tax and welfare system; efficient activation policy;….. ”  (OECD 2015: 29)    You have been hired by the Irish government as an Independent Economic Consultant policy levers have been used to assist in achieving the goal of getting people back to work. Introduction As Steve Jobs once said: "Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work." Beyond the need to work to receive an income and survive, for many work defines who we are and our ability to be happy. This ability and getting more people back to work is vital. In Ireland like most countries, the government plays a huge role...