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Examples of these start-ups include the literally hundreds of process outsourcing companies throughout the BRIC nations that have specialized in Sarbanes-Oxley (SOX) compliance initiatives. These start-ups are taking a very process-centric view to innovation. Their ability to tailor financial systems in companies to be in compliance to government requirements is their greatest strength. The resources necessary to accomplish this require a centralized workforce of well-educated solution architectures and process improvement expertise, most often with Six Sigma quality management experience. This type of skill set is prevalent in the manufacturing-centric regions of China and India, albeit expensive compared to the typical wage levels in these nations. Because of the value of process-centric knowledge, start-ups who concentrate on process-centric innovation often build practices or teams of experts with deep expertise, and often create career paths for junior associates that put them onsite at customers. An example of this would be the growth of business process Indian outsourcers including Infosys, HCL and others who have their Sarbanes-Oxley practice located in India, and send their analysts to the U.S., Europe or Asia to work on-site with clients for weeks or months to get the process re-engineering complete. This is a resource-based strategy to creating a practice-based organization that can assist in creating more immediate value at the customer site (Morris, Kuratko, Allen, Ireland, Schindehutte, 2010).
When product-based innovation is the basis of a new venture, the organizational structure is more oriented towards the sales function, less to a highly structured production organization (Wonglimpiyarat, 2010). Product-driven new ventures...
The net effect is that the organizational structure moves in the direction of customer and market segmentation first, and over time transitions to a functional structure.
References
Bessant, J. And Tidd, J. (2007), Innovation and Entrepreneurship, John Wiley & Sons.
Dushnitsky, G., & Shapira, Z.. (2010). Entrepreneurial finance meets organizational reality: comparing investment practices and performance of corporate and independent venture capitalists. Strategic Management Journal, 31(9), 990.
Joseph P. Eshun Jr. (2009). Business incubation as strategy. Business Strategy Series, 10(3), 156-166.
Chien-Huang Lin, Ching-Huai Peng, & Danny T. Kao. (2008). The innovativeness effect of market orientation and learning orientation on business performance. International Journal of Manpower, 29(8), 752-772.
Small Business Plan A Business Plan for the Reorganization of a Small Restaurant Company Overview & Strategy Revised Statement of Mission and Vision Mission Statement Vision Statement Product and Service Marketing Macro Environment Target Market & Customers Facilities Business Performance Analysis Strengths Weaknesses Opportunities Threats PESTEL Analysis Political Economic Social Technological Environmental Factors Legal Factors Financial Projections Risk Analysis Action Plan The Hometown Grill is considering making changes to its menu to become both healthier and more sustainable. Several lines of investigations were conducted including an industry overview analysis, a PESTEL analysis, as well as a
It was not necessarily that Coca Cola wanted to invest in China, as it actually saw the opportunity to access a large consumer society and tried to get involved in exploiting this chance as fast as it possibly could. "The theme of the public's responses could be seen in many caricatures and cartoons on China's Internet. The Graphic from China's Economics Web and also spotted on Wall Street Journal
Sage, who has seen how costly application customization can be, has created a series of template-based charts of accounts, with the last count indicating they had over 70 of Charts of Accounts that could be quickly used by customers to customize for their business. Sage has also seen that inordinate customization of software can lead to a lack of adoption; hence their motivation for creating a library that can
This is generically possible as the types of services and products offered could be combined to constitute complementarities. For instance, the Sale-Buy Insurance Company could offer car insurance for the final buyers - this would however require the collaboration of Delux Machine Tool's partners. Also, the programmers at MicroAge Software could collaborate with the Research and Development Team at Delux Machine Tools and create more innovative products and technologies. The
Small Business The owner of a small business in today's world is troubled by so many problems as well as is encountered by many opportunities on a daily basis. When one has to run a company, no matter how big or small it might be, one needs to have the ability of looking outside the business for the solutions of the problems, for better ideas and for the best practices for
Part 3 -- We sometimes forget that the world has not always been organized under the structure of technology and manufacturing. Particularly at the end of the 19th and beginning of the 20th centuries, modern capitalism changed the way labor and management interacted. A number of people began to think about labor, about efficiency, and about the manner in which the two interacted so that manufacturing needs for modern developing