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Innovation in Organizations
Innovation is significant for all business entities, the different levels to which this significance applies notwithstanding. Bringing this about also requires the implementation of features like training, incentives, and education whose roles in triggering innovation are widespread. It is however imperative that implementing such features, say the reward systems, the organizations institute proper leadership and follow carefully laid down principles considering, the ethical implications they come with. Additionally, the definition of organizations as either innovative or not depends on a variety of aspects as described in this discussion.
Innovation in Organizations
Innovation takes different shapes in organization as the nature of these business entities governs. It is however apparent that a number of factors commonly run through these organizations as triggers for innovation. Some of the features include incentives, training, and education. Terziovski (2007) indicates that education; training and advancing incentives to employees, organizations motivate their workers,…
Sarros, J. C et al. (2011). Leadership vision, organizational culture, and support for innovation in not-for-profit and for-profit organizations. Leadership & Organization Development Journal, 32(3), 291-309.
Soni, R. (2010) Innovation management: Knowledge and inspiration toolkit, New Delhi: Global India Publications
Terziovski, M (2007) Building Innovation Capability in Organizations, London: Imperial College Press.
Innovation at 24-Hour Fitness
Innovation is important for any business in any industry, yet it is easy to become complacent and to forget about the needs of innovation as long as the money keeps coming in. If a company continues to make sales, pay its employees, and turn a profit for shareholders, investing the time, energy, and resources into effective innovation can be difficult. In a highly competitive industry like that of health and fitness clubs, however, forgetting about innovation can mean losing market share, losing revenue, and eventually closing up shop (Carlson & Wilmot, 2006). The following paragraphs briefly outline some innovative strategies and processes employed at 24-Hour Fitness, a well-known national brand of health and fitness clubs/gyms, clearly demonstrating the impact on the bottom line and on overall organizational success that innovation has (and the damage that avoiding innovation can cause).
One of the major innovations that 24-Hour…
Ecova. (2012). Ecova Congratulates 24-Hour Fitness for Exceptional Partnership and Telecom Achievements. Accessed 20 May 2012. http://eon.businesswire.com/news/eon/20120328005332/en/24-Hour-Fitness/Ecova/AOTMP
Carlson, C. & Wilmot, W. (2006). Innovation: The Five Disciplines for Creating What Customers Want. New York: Random House.
Liebert, C. (2012). 24-Hour Fitness Career. Accessed 20 May 2012.
In Chapter 4 of Perils of Prosperity, John Sarno argues that American industry does not really have an innovation ethic, and as a result it has been very badly damaged by the system of global capitalism and free trade that the U.S. government created after World War II. They were not prepared for the intense foreign competition that began to hit them full force in the 1970s and 1980s. As a result, the social and economic conditions of most American workers have deteriorated over the last thirty years, and this was already clear before the latest recession. As Thomas Jefferson had always feared, the great barons of American industry had turned the country into a nation of employees, and had trained and educated many of them to be dependents and conformists rather than innovators, independent thinkers and creators. Knowledge-based forms now contribute 20% of overall GNP and 40%…
Innovation and pricing are concepts that the manufactures and service providers should focus on. This paper focuses on how value is created on various products and services highlighting on the impacts value addition can bring to the company against the consumer behavior which is the center of focus. It looks at innovation and price variance in different market segments and addresses various reasons for the variances in pricing and the reason for adopting such pricing structures.
The paper also critically analyses three different products and service sectors looking at price variances and other factors which create such disparities. A general analysis of the airline industry, telecommunication and the automobile industry have been used as the basis of understanding the existence of different pricing in different market segments and consumer segment.
Innovation is an important aspect that companies offering services or products to consumers should dedicate much attention to as…
Derrick Daye & Brad VanAuken, (2008). The Advantage of Price Segmentation. Retrieved November 9, 2012 from http://www.brandingstrategyinsider.com/2008/01/the-advantage-o.html
Net Industries, (2012). Value Creation. Retrieved November 9, 2012 from http://ecommerce.hostip.info/pages/1038/Value-Creation.html
Paul O'Malley, (1998). Value Creation and Business Success. Retrieved November 9, 2012 from http://www.pegasuscom.com/levpoints/valuecreate.html
Religence, Inc., (2008). Value Creation. Retrieved November 9, 2012 from http://www.religence.com/thought_leadership_4_value_creation.htm
Innovation is a key success factor for many businesses. Fostering innovation, however, can be challenging. For much of the 20th century, management focused on push strategies for innovations, where managers would push resources into areas deemed in greatest need. This system is designed around the idea that scarce resources must be carefully allocated to meet anticipated demand (Brown, 2005). In more recent years, the pull approach to innovation has increased in popularity. This approach is characterized by allowing outsiders to create solutions to problems. This process resembles in some ways using customer feedback to identify new market opportunities -- the genesis of the innovation is external, the company is being requested to innovate and begins the process from there (Brown, 2005). This technique is more responsive to customer needs, and can be more efficient in the allocation of resources, but pull innovation is not likely to outperform push innovation in…
Brown, J. (2005). From push to pull: The next frontier of innovation. CFO.com. Retrieved November 19, 2012 from http://www.cfo.com/article.cfm/4503443/1/c_2984273
Hagel, J. & Brown, J. (2008). From push to pull: Emerging models for mobilizing resources. Journal of Service Science. Vol 1 (1) 93-110.
Inc. Magazine. (2010). 8 ways to foster innovation in your company. Inc. Magazine. Retrieved November 19, 2012 from http://www.inc.com/guides/2010/04/fostering-innovation-in-companies.html
Luebke, R. (2010). Peter Drucker on innovation. Innovation Excellence. Retrieved November 19, 2012 from http://www.innovationexcellence.com/blog/2010/07/30/peter-drucker-on-innovation/
Innovation at International Foods Case Study
Josh and his team experience too much bureaucracy in their work (McKeen & Smith). These lengthy processes of approval slow down the rate of their work. In addition, some of these procedures are unnecessary. For instance, before using instant messages and social media, Josh's team has to receive approval from the technology department. This approval is not necessary since the only reason is to know why Josh's team wants to use these facilities. Even using a conference room required one to book before using it.
Sometimes Josh held meetings with team members to brainstorm ideas. According to ick Visser, this was against protocol. All meetings held were supposed to involve him yet Josh did not inform him. Josh argued that the meetings held were not the actual ones. The team members just came together to share and weigh some ideas they had in mind.…
Blythe, J. (2006). Marketing. London: SAGE Publications.
Grewal, D., & Levy, M. (2010). Marketing. Boston: McGraw-Hill Irwin
McKeen, J.D., & Smith, H.A. (2012). IT Strategy: Issues and Practices. Upper Saddle River,
NJ: Pearson Education, Inc.
Innovation and Sustainability
The long history of humankind has been the story of life and death, in relatively equal amounts. The problem of population growth is really the problem of less death, a result of greatly increased technological resources and understanding of the human body. As humans have been living longer lives, and particularly children who had previously been vulnerable in their youth, an increased amount of successful births has pushed Earth's capacity for our kind to its limits. In order to sustain the level of comfort we humans have become accustomed to in the near future, being mindful of the ever increasing worldwide population, new advances must be made. Otherwise, many anthropogenic-induced threats are going to be imminently problematic. For example, global warming has pushed Earth to change its weather patterns already, another fifty or one hundred years of today's carbon emission levels will have an even greater affect…
Landsburg, L.F. (2008). Library of economics and liberty. Retrieved from http://www.econlib.org/library/Enc/bios/Malthus.html
Turk, Jon, Bensel, Terrence. (2011). Contemporary Environmental Issues. Bridgeport Education, Inc.
We can never tell what could have been with Pablo Picasso's talent if not for such strict management.
Trust can be generated only if company is open for any internal or external communication and no misunderstanding can flaw operation process. Management of the company should try to increase cross-functional interaction between workers and individual work must be combined with some team work. Personal creativity development must be focused on together with team creativity development where choosing different leaders for different tasks can be most rewarding as supervising increasing self-esteem which further on floods into better performance. People must be given possibilities of leadership growth and different career tracks that will further diversify activities and lead to self-selection and skills improvement and differentiation. Teams with the members of the most diverse backgrounds tend to be the most innovative and effective collaboration must be managed professionally within each group. Nevertheless, preliminary inner…
Baldwin, J. (1995) Innovation: The Key to Success in Small Firms, Micro-Economic Studies and Analysis Division, Statistics Canada.
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Coyne, W.E. (1996) Building on a tradition of innovation, The UK innovation Lecture.
Deshpande, R., Farley, J.U., and Webster, F.E. Corporate Culture, Customer Orientation and innovativeness in Japanese firms: a quadrad analysis. Journal of Marketing, 57, pp. 23-27.
The levels of control and solution imposition are limited and the problems emerged are expected to be resolved by the parties in the problem. This system of problem solving is constructed on the principles of honesty and integrity, as well as trust in the organization (Andrews). In other words, such an environment was created in which finding solutions to problems is a mutual goal as the accomplishment of organizational goals is a common goal for both employees as well as leaders.
While there are indeed business operations which do lack in the adequate innovation, the same cannot be said about the relationship between the employer and the employees. At Semco, this relationship is constructed on nothing else but innovation. It implements a model in which the employees are encouraged to make more decisions, to become more involved and to even question the decisions implemented top down. "The entire…
Andrews. P., the art of authentic problem-solving, http://www.patrickandrews.co.uk/documents/artofauthenticproblem-solving.pdf last accessed on June 24, 2010
Daft, R.L., Organization Theory and Design, 10th edition, Cengage Learning
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Freeman, R.M., 1999, Correctional organization and management: public policy challenges, behavior and structure, Elsevier
" The process feature revolves around "the general business process and practices that enable functional groups to operate effectively and collaborate toward a common goal - as well as a robust set of innovation methodologies and tools." Finally, the structure component has refers to the "organizational structures and supporting technologies that enable collaboration across functional lines" (Innovation Point, 2004). Otherwise put, the ophthalmologic clinic has to focus on implementing a culture, a process and a structure in support of innovation.
3.5 Aligning the Organization with the Market
Another crucial issue in ensuring sustained organizational success is that of aligning the company to the market. This basically means that the company must delegate marketing specialists to analyse the market in order to identify new demands, requirements, needs and trends. In other words, the alignment to the market must be achieved on two grounds: customer demands and strategic approaches implemented by the…
Fischer, B., Boynton, a., 2005, Virtuoso Teams, HRB Journal, Edition of July-August
Forbes, S., 2005, Core Competencies, Marriott School, Retrieved at http://www.freequality.org/sites/www_freequality_org/Documents/Training/core_competencies.ppton October 13, 2008
Kotelnikov, V., 2008, Radical Project Management, 1000 Ventures, http://www.1000ventures.com/business_guide/rpm.htmllast accessed on October 13, 2008
Marion, L., 2007, Compete on Analytics to Outperform the Competition, Microsoft Corporation, http://www.microsoft.com/business/peopleready/business/innovation/insight/analytics.mspxlast accessed on October 13, 2008
I would argue that innovation is not particularly well-encouraged by my organization. It is a good organization to work for, but innovation isn't really their thing. When you consider the different ways that companies can foster innovation, few of those are evident where I work. The most basic level of encouraging innovation is just to have pathways for ideas to go up the food chain. At my company, this is not really the case. The organization is quite hierarchical in nature, and unfortunately that creates a situation where communication is not all that easy. Where it exists, your supervisor would then need to champion your idea in order for it to be approved. Moreover, head office probably needs an approval in there somewhere if it is a big idea. So these layers for things to happen really discourage innovation. A lot of decisions are made at head office and…
With YouTube, though, users can watch movies, TV programs, documentaries, sports events, home movies made in the far-flung regions of the world at any time they wish. In addition, users can join and converse with communities of people who are interested in the same category material as the filmmaker. One of the most attractive draws for YouTube is the price involved. YouTube is absolutely free to anyone with access to the Internet. This also means that a person in any part of the world could obtain an education online. In this regard, Akagi (2008) emphasizes that, "YouTube videos may never replace the types of educational videos and teaching resources supplied online by established entities like PBS Teachers www.pbs.org / teachers, the Health Teacher site www. heathteacher.com, and other free and subscriber educational online organizations. However, carefully selected YouTube videos offer a new media source to utilize as a pedagogical tool…
(cited in Locke, nd) the work Jane Henry (1991) identifies five sources of creativity: (1) grace; (2) accident; (3) association; (4) cognition; and (5) personality. (cited in Locke, nd) the process of creativity is one that involves the stages of: (1) preparation; (2) incubation; (3) illumination; and (4) verification. (Locke, nd)
Locke states that in the context of innovation "three relevant interpretations of design" are identified: (1) design is the tangible outcome; (2) design is a creative activity; and (3) design is the process by which information is transformed into a tangible outcome. (Locke, nd) There are stated to be three different types of design processes: (1) conceptual design; (2) embodiment design; and (3) detail design. (Locke, nd) Locke states that the benefits of good design are: (1) processes being improved by gradual innovation; (2) redesign of existing products in response to user needs, new markets and competitor…
Innovation (2009) Merriam-Webster Dictionary. Online available at: http://www.merriam-webster.com/dictionary/innovation
Design (2009) Merriam-Webster Dictionary. Online available at: http://www.merriam-webster.com/dictionary/Design
Creativity (2009) Merriam-Webster Dictionary. Online available at: http://www.merriam-webster.com/dictionary/creativity
Odson, et al. (1995) cited in Locke, John (nd) What are Innovation, Creativity and Design? Media-Wiley. Online available at: http://media.wiley.com/product_data/excerpt/85/04708470/0470847085.pdf
). Then the patient can counsel with their medical profession to find the optimum plan for prevention or pre-treatment; likely catching serious disease early and saving lives.
Consumer households -- the toaster can "predict" and toast bread a certain way, or a muffin, or even if one person prefers dark, the other light; the refrigerator can help with meal planning and inventory; the heating and cooling system can gauge the individual's comfort zone and predict how to lower energy costs while still keeping the family comfortable (Brandon, Predictive Technologies that ill Make Your Life Better, 2012)
Predictive technology is no longer a "nice to" or "what if." It is a matter of integrating smart computing chips into applications that will have meaning for the individual or the organization. It is entrepreneurial in spirit, innovative in concept, market driven, and will likely change the manner in which many products operate, and…
APT Technologies. (2013, January). About. Retrieved February 2013, from APT - Test and Learn: http://predictivetechnologies.com/en/index.cfm
Audretsch, D. (2007). The Entrepreneurial Society. New York: Oxford University Press.
Brandon, J. (2012, March 29). 6 Major Tech Innovations for 2012. Retrieved February 2013, from Inc. Magazine: http://www.inc.com/john-brandon/6-major-tech-innovations-for-2012.html
Drucker, P. (2001). Harvard Business Review on Decision Making. Boston: Harvard University Press.
Innovation Is an Art
Innovation in business, is it an Art or Science?
Innovation is an art, not a science
To answer the question of whether innovation is an art or science, it first must be determined what is art and what is science. In terms of 'art,' the image that immediately comes to mind is Michelangelo's David. The great enaissance artist said that he felt he liberated the sculpture from the marble, rather than engaged in an act of direct, conscious creation. "The stone was just the covering that contained a work of art; the sculptor only had to take away the part in excess" (Michelangelo, n.d., Artists of the enaissance). But there is also a great deal of scientific, technical 'craft' involved in the production of any art. A writer must know how to use the correct rules of grammar; a painter must understand how to manipulate a…
Bird, Alexander. (2011). Thomas Kuhn. The Stanford Encyclopedia of Philosophy.
Engineer's life. (2012). Jobs at Google. Retrieved:
S. military. There are several arguments for this. First of all, the challenges and threats have significantly diversified from the period between the two wars. Then, the threats were exclusively state actors and state armies. The instruments to fight against this threat thus implied a technological advantage, essential in obtaining the upper hand in battle.
Nowadays, the threats are much more diverse and less obvious than they were then. esides certain states, today there are numerous non-state actors that can be identified as potential threats for the national security. In many cases, the technological advance in the military field is not enough to consistently fight against such challenges. Excellent intelligence services and external collaborations may also be required in order to be able to identify potential enemies and successfully fight against them.
Second, the First World War saw most of the nations in battle at that point at the same…
1. Bull, Stephen. 2004. Encyclopedia of Military Technology and Innovation. Greenwood 2. Johnson, David E. 1998. Fast Tanks and Heavy Bombers: Innovation in the U.S. Army, 1917 -- 1945, Ithaca, N.Y.: Cornell University Press.
3. Hundley, Richard O. 1999. Past Revolutions, Future Transformations: What Can theHistory of Revolutions in Military Affairs Tell Us About Transforming the U.S. Military? Santa Monica, Calif.: RAND Corporation, MR-1029
4. Feickert, Andrew. 2006. U.S. Army's Modular Redesign: Issues for Congress. Congressional Research Service, Library of Congress. On the Internet at http://fpc.state.gov/documents/organization/67816.pdf . Last retrieved on August 5, 2009
5. Military transformation -- a strategic approach. On the Internet at http://www.iwar.org.uk/rma/resources/transformation/military-transformation-a-strategic-approach.pdf . Last retrieved on August 6, 2009
Innovation in recruiting, screening, interviewing and retaining top talent, necessary for company growth, has become a high priority in industries that face perennial talent shortages (Chen, Huang, 2009).
Another area of innovation is in defining performance management, in addition to defining strategies for best orchestrating limited resources throughout a company (Appleby, Mavin, 2000). In traditional HM systems this was often done by trial-and-error (Mirvis, 1997). Today through the use of evaluative tests and programs, HM professionals can quickly determine what the best possible fit is for a given role of responsibility, comparing relative strengths across the company. HM has progressed from a tactical set of processes to a more strategic foundation for company growth (Chen, Huang, 2009). The catalyst of these areas of innovation is the need for companies to move faster on large-scale projects, meeting or exceeding time-to-market schedules while reducing costs. Strategic HM systems and processes make this…
Appleby, a., & Mavin, S. (2000). Innovation not imitation: Human resource strategy and the impact on world-class status. Total Quality Management, 11(4-6), 554-S561.
Beugelsdijk, S. (2008). Strategic human resource practices and product innovation. Organization Studies, 29(6), 821.
Chen, C., & Huang, J. (2009). Strategic human resource practices and innovation performance - the mediating role of knowledge management capacity. Journal of Business Research, 62(1), 104.
Farazmand, a. (2004). Innovation in strategic human resource management: Building capacity in the age of globalization. Public Organization Review, 4(1), 3-24.
Innovation and Change in Organizations
Entrepreneurship is commonly understood as a process of starting a new business or restoring existing organizations on the basis of the new explored opportunities. In other words, entrepreneurship is directly linked with innovations and new practices in an organization. In this regard, in the view of Katz (2003), innovation is a creative step towards formulating new ideas and practices, and implementing it through products and services within an organization. For this purpose, there are a number of reasons due to which entrepreneurial organizations seek opportunities for innovation and change.
As a matter of fact, every organization has to undergo a number of changes with time where the foremost reason to implement innovations include the idea of business survival. Consequently, they have to bring in change in what they are, the services and products they provide and the strategies of the company. Therefore, change is not…
Luecke, Richard; Ralph Katz (2003). Managing Creativity and Innovation. Boston, MA:
Harvard Business School Press
Knights D. (2003). Organization and innovation: guru schemes and American dreams. McGraw-
Hill International. U.S.
Innovation, Design, and Creativity: Which are Possible?
Three principles that are crucial to business development are creativity, design, and innovation. While the terms have been used interchangeably at times, there are distinctions to be made between the three. Nonetheless, for an organization to succeed and thrive in today's marketplace, they need to possess all three. The most important factor when using these terms is that they are applied both internally and outwardly to the customers as expressions of concrete ideas and not used as platitudes. The notions of design and creativity are relatively easy to make concrete, namely by presenting a direction for the style that the product being offered will take (which can include aesthetic changes, manufacturing changes, or organizational changes) and how it will be achieved through the thought processes of the creative team. Innovation is harder to achieve, mainly because it implies foreknowledge about future trends and…
British Design Council. (n.d.). A short film about design. Design Council. Retrieved July 15,
2011, from http://www.designcouncil.org.uk/about-us/Prince-Philip-Designers-Prize/A -
Jana, R. (2007, February 12). The innovation backlash. Bloomberg Businessweek. Retrieved July
Over time the disruptive innovator can control the majority of a given market. Clayton Christensen shows this through a series of extensively researched examples throughout the book. In reality the disruptive innovator will be most successful attacking the low-end of any market where the switching costs of technologies are lowest and the costs of change as perceived by customers is the lowest. At its most systemic level, this is why The Innovator's Dilemma is mis-titled. There is no dilemma, the disruptive innovator has no choice by to grow from the low-end of the market. Second, the real challenge is for the incumbent firms in a given market., The real dilemma is to seek out a strategy of cannibalizing one's own market or not. For the truly exceptional companies in the book who do this, they solve the paradox of innovation. The book shows that time and again, despite best efforts…
Dereli, T., Durmusoglu, A., & Daim, T.U. (2011). Buyer/seller collaboration through measurement of beliefs on innovativeness of products. Computers in Industry, 62(2), 205.
Gebhart, J. (1998). The innovator's dilemma. Sloan Management Review, 39(2), 101-101.
Lee, S.M., Olson, D.L., & Trimi, S. (2012). Co-innovation: Convergenomics, collaboration, and co-creation for organizational values. Management Decision, 50(5), 817-831.
Liyanage, S. (1995). Breeding innovation clusters through collaborative research networks. Technovation, 15(9), 553-553.
Apple's commercials resonate with the passion of Steve Jobs to change the world. he differences are stark and the non-conformist nature of the Apple messages are infused with passion and daring individuality.
he key differences are what each are selling. IBM is selling a very product-centric solution with their PCs and typewriters, showing the benefits in limited terms, only focusing on the applicability of the technology to specific needs. While Apple is selling freedom, the ability to leave ones' mark on the world with intensity and passion. Apple is selling the Macintosh in the second ad, an iconic one of the hammer thrower which has since become a metaphor of nonconformity. he first one on celebrates the misfits, the "square pegs in a round hole." hese are messages everyone can and wants to identify with. Coupling this message of uniqueness and a "change the world" message, Apple's brand skyrocketed in…
The IBM commercials attempt to entertain and educate about products at the same time. Apple's commercials resonate with the passion of Steve Jobs to change the world. The differences are stark and the non-conformist nature of the Apple messages are infused with passion and daring individuality.
The key differences are what each are selling. IBM is selling a very product-centric solution with their PCs and typewriters, showing the benefits in limited terms, only focusing on the applicability of the technology to specific needs. While Apple is selling freedom, the ability to leave ones' mark on the world with intensity and passion. Apple is selling the Macintosh in the second ad, an iconic one of the hammer thrower which has since become a metaphor of nonconformity. The first one on celebrates the misfits, the "square pegs in a round hole." These are messages everyone can and wants to identify with. Coupling this message of uniqueness and a "change the world" message, Apple's brand skyrocketed in effectiveness and led to the most loyal customer base in high technology.
As of March, 2012 Apple has a market capitalization rate of $500B, astounding given the highly turbulent markets it competes in. This figure shows how effective their branding decisions have been and how effective it is to align your products with freedom, autonomy and feeling good about being different. IBM exited the PC business decades ago and even sold their laptop business to Chinese manufacturer Lenovo. Selling on features will do that to a company.
Mike Butcher's article actually describes the process involved in social networking devices and presents Pearltree as one of the most intriguing technologies presently on the market. Pearltree apparently does more that Twitter because it unites users to a higher degree, making them connect with the persons that have the same interests as them and assisting them as they search for matters that they enjoy. This device is more user-friendly when compared to Twitter and really acts as a social system as seen by Rogers. Users on Pearltree can cooperate with other users in reaching a common goal and this is very much the social network's purpose. One might actually be inclined to consider that Twitter is a modern form of expressing narcissistic thinking, considering that many users choose to use the technology with the purpose of boosting their personal appreciation of themselves. Even with the fact that it can bring…
Butcher, Michael. "Pearltrees launches Twitter sync and reveals its social system," Retrieved September 7, 2011, from the Tech Crunch Website: http://eu.techcrunch.com/2009/12/09/pearltrees-launches-twitter-sync-and-reveals-its-social-system/
Rogers, Everett, M. "Diffusion of Innovations, 5th Edition," Simon and Schuster, 2003.
Stengel, Richard. "Technology and Culture," Retrieved September 7, 2011, from the Time Magazine U.S. website: http://www.time.com/time/magazine/article/0,9171,1902836,00.html
Innovation in Retail
One recent innovation in retail is e-commerce, which has totally altered the way that customers can shop and consume. For brick and mortar retailers, a crossroads of sorts has arrived. Should they turn to the technological advancement of e-commerce in order to appeal to consumers? Or has this innovation benefited from tax breaks that are now coming to an end, and which will therefore make this innovation far less appealing to retailers and consumers than it has in the past? Certain factors are at play, including cost and convenience, when it comes to determining whether this innovation is one to which companies should commit themselves. Although the Digital Era is here, e-commerce may have limited appeal now that the Supreme Court has reversed a decades old ruling that freed Internet-based retailers from the constrictions of state sales tax (Fiegerman & DePillis, 2018).
E-commerce giant Amazon has…
Fiegerman, S. & DePillis, L. (2018). Supreme Court rules states can force online
retailers to collect sales tax. Retrieved from http://money.cnn.com/2018/06/21/technology/wayfair-vs-south-dakota/index.html
Freedman, D. (2017). Bricks, mortar—and experiences. Retrieved from
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Thomas, L. (2018). Walmart has a big year of ecommerce investment planned.
Retrieved from https://www.cnbc.com/2018/02/20/walmart-has-big-year-of-e-commerce-investments-planned.html
1. Define a current problem in the selected country. Who is affected? Where are the individuals located? What are the resulting socioeconomic costs of the problem to the affected individuals?Financial technology is quickly revolutionizing the way consumers interact with their banks, insurance companies, and other financial intermediaries. These fintech firms utilized concepts such as artificial intelligence, data analytics, and other innovations to allow for a much more seamless process of accessing monetary funds. This has quickly become an emerging technology within Brazil and Latin America overall. Brazil has historically had one of the most concentrated and antiquated financial systems in the world. 5 banks controlled nearly 95% of the countrys deposits. Nearly half of the population of Brazil was unbanked and even more didnt access to basic financial products such as a credit card. The Brazilian economy has recently experienced a nearly 5-year recessions causing the unemployment rate to increase…
1. Douglas W. Arner, Jànos N. Barberis, and Ross P. Buckley. 2016. “The Evolution of Fintech: A New Post-Crisis Paradigm?” Geo. J. Int’l. L., 47, Pp. 127
2. Douglas W. Arner, Dirk A. Zetzsche, Ross P. Buckley, and Jànos N. Barberis. 2017. “ FinTech and RegTech: Enabling Innovation while Preserving Financial Stability.” Geo. J. Int\\\\\\'l. Aff., 18, Pp. 47.
3. Sumit Agarwal and Jian Zhang. 2020. “Fintech Lending and Payment Innovation: A Review.” Asia Pacific J. Fin Studies.
SpaceX: Group AssignmentStrategic InitiativesFrom the onset, it would be prudent to note that SpaceX has accomplished a wide range of feats in the past. With this in mind, there would be need to highlight some of the companys most recent strategic initiatives. To begin with, the company has in recent times developed a reusable rocket that has the capability to be launched, landed, and reused for another mission. It is important to note that in the past, rockets have been designed to disintegrate or burn upon their reentry into the earths atmosphere. Johnson (2019) points out that with the said reusability capabilities, the company has in effect set the ground for routine missions to space at a cost that is a fraction of present costs. Secondly, yet another strategic initiative that SpaceX has engaged in recent times is Inspiration 4. In essence, this is a scheduled space flight by private…
Baltzan, P. (2017). Business Driven Technology (7th ed.). McGraw-Hill Education.
Furth, J. (2018). Why Amazon and Jeff Bezos are so successful at Disruption. https://www.entrepreneur.com/article/312481
Johnson, D. (2019). 11 of the biggest innovations shaping the future of spaceflight today. https://www.businessinsider.com/spaceflight-travel-innovations-spacex-rockets-2019-10?r=US&IR=T
Article Review: “Innovation Catalyst: Covid-19 has supercharged digital innovation as banks, financial services and many other sectors adopt workarounds that are pushing them more rapidly into a virtual future” by Anita Hawser (June 2020)
As the Covid-19 global pandemic continues to ravage the nations of the world, businesses of all sizes and types are scrambling to identify viable alternatives to their conventional working arrangements. Given the proliferation of innovations in telecommunications in recent years, it is not surprising that one such alternative has been the use of digital workplaces. Although these alternatives are not new, they have become the option of choice for many companies due to the lack of other communications strategies. The purpose of this paper is to provide a critical review of a peer-reviewed article that was published after the onset of the Covid-19 pandemic to evaluate its credibility and the effectiveness of the arguments that were…
Aguilar. (n.d.). “I Asked my Friends How Social Media is Affecting Their Mental Health and we ALL Need a Screen Break.”
Akingbola, Kunle. (2020, Spring). “COVID-19: The Prospects for Nonprofit Human Resource Management.” Canadian Journal of Nonprofit and Social Economy Research, vol. 11, no. 1, p. 16.
Asarch. (n.d.). “How to Use Zoom While We’re Trapped at Home for Online Classes and Meetings.”
Hawser, Anity. (2020, June). “Innovation Catalyst: Covid-19 has supercharged digital innovation as banks, financial services and many other sectors adopt workarounds that are pushing them more rapidly into a virtual future.” Global Finance, vol. 34, no. 6, pp. 14-17.
St. Denis, X. (2020, August). Sociodemographic determinants of occupational risks of exposure to COVID-19 in Canada. Canadian Review of Sociology, vol. 57, no. 3, pp. 399-403.
In a single day, the average person comes into contact with a range of services, products, and processes that can be categorized as forms of innovation. Furthermore, most of these innovations will differ in degree, some being radical innovations and others being merely incremental; some sustaining, others breakout, and still others viewed as disruptive innovations. This paper will analyze the different examples of innovation with which I come into contact on a daily basis, show how they are innovative, what generic lessons can be derived from them, and under what form of innovation they would be categorized.
The water purifier is a perfect form of process innovation that is often applied to product innovation: for example, it may be found within the mechanism of the refrigerator, attached to the kitchen faucet, or even inside a portable water bottle. All three provide purified water and illustrate how process innovation can…
Innovations in Marketing Services Innovation
Innovation of services
According to Chang (2010), service-based concepts have traditionally lent themselves less easily to innovation than tangible products (Chang 2010:113). Service-based enterprises are said to suffer from the problem of immediate exposure or the fact, that unlike the launch of a new, technical device, there is no 'build-up' or secrecy regarding the released service. However, clearly innovative services have been generated. For example, the innovation of providing supermarket shoppers with home-based deliveries, ordered online, has recently begun to be a popular service. Service sectors have been identified as existing in the Wholesale and etail, Business and Professional, Education, Government, and Finance sectors. The Goods Sector encompasses Manufacturing, Construction, Agriculture and Extraction services (Omachonu & Einspruch 2010: 110).
Services have been defined as deeds, processes, and performances after which no material object is generated (Omachonu & Einspruch 2010: 111). However, there is a clear…
Chang, C.M. (2011). The creation of novel and marketable service ideas. International Journal
of Innovation and Technology Management, 8 (1) 113 -- 133.
Omachonu, Vincent K. & Norman Einspruch. (2010). Innovation: Implications for goods and services. International Journal of Innovation and Technology Management, 7 (2) 109 -- 127.
The airline industry is a service industry, but one where several firms have been able to innovate their service offering. Such innovations have been to create viable low-cost carriers (RyanAir, EasyJet, Air Asia) while other innovations have led to the creation of high-service airlines (Emirates, Qatar, Singapore). In either case the process of innovation has been roughly the same for all of these companies. The first component of the map is searching. All of these companies searched for niches that were either not being served at all (such as price-focused customers in Europe and Asia) or were not being served effectively (passengers traveling on routes between Europe and Asia).
Of the six airlines mentioned above, only Singapore is a legacy carrier. The others have entered their markets in the few couple of decades, and brought with them a number of critical service innovations. After identifying a core market whose…
Phong, G. (2011). Building on strong. IATA -- Airlines International. Retrieved November 5, 2012 from http://www.iata.org/pressroom/airlines-international/april-2011/pages/ceo-singapore.aspx
Tidd, J. And Bessant, J. (2009). Managing Innovation: Integrating Technological, Market and Organizational Change 4th Ed. Hoboken, NJ: Wiley & Sons.
Innovation vs. Change at Victoria University
Any system, organization, group, or other entity undergoes change, often on a continual if subtle basis. Innovations can also occur, though these are far less automatic and generally less frequent than typical changes. Discussing these two different concepts and applying them to real world situations requires first an initial definition of these concepts, which are perhaps not as clear and concrete as might be thought. Change can be thought of as absolutely any alteration to the way things are, occurring for whatever reason and leading to whatever effects. With such a broad definition, it can be seen why change is so continuous for so many entities and organizations -- if anything occurs that alters times for processes, people involved in a situation, the way things look or feel, or any other alteration at all, then change is occurring. Innovation, on the other hand,…
Apple is a classic example for the modern business world of a company that bases a significant proportion of its strategy on innovation. Most all of its products are innovative by some measure while a few of their product offerings have been revolutionary. There are two events that have occurred recently that make an examination of Apple an especially interesting event. The first is that the co-founder and the commonly known Apple visionary, Steve Jobs, has recently stepped down as the company's chief executive and shortly after he passed away (Sherr, 2011). Another headline that was recently reported on the major media channels recently is that Apple had passed up Exxon Mobile to become the world's most valuable company in regards to its total net worth (Market Data Staff, 2011).
Apple's strategy of innovation is built into its product design. Apple doesn't manufacture the products it sells…
Lipschutz, N. (2011, June 1). Netflix's Formula for Innovation. Retrieved from The Wall Street Journal: http://blogs.wsj.com/digits/2011/06/01/netflixs-formula-for-innovation/
Market Data Staff. (2011, September 26). Apple, Exxon Mobil: Money Flow Leaders (AAPL, XOM). Retrieved from The Wall Street Journal: http://online.wsj.com/article/SB10001424052970204422404576595212893665894.html
Sherr, I. (2011, October 18). Apple to Close Some Retail Stores Wednesday During Jobs Memorial. Retrieved from The Wall Street Journal: http://blogs.wsj.com/digits/2011/10/18/apple-to-close-some-retail-stores-wednesday-during-jobs-memorial-sources/
This acquisition gave Motorola the necessary services to expand their commercial divisions and also sell more effectively into enterprise-wide accounts. The use of mergers and acquisitions at Motorola for gaining differentiation and therefore delivering innovative solutions, freeing themselves from being a purely product-driven company illustrates how this strategy can be effectively used.
Abetti, Pier a (1994). Impact of technology on functional roles and strategies: Illustrative cases in the U.S.A., Japan, and France, and lessons learned. International Journal of Technology Management, 9(5,6,7), 529.
Retrieved September 10, 2008, from ABI/INFORM Global database. (Document ID: 879027).
ara ee (2008, February). Innovation at Risk. Business Week (Online),1. Retrieved September 13, 2008, from ABI/INFORM Trade & Industry database. (Document ID: 1428625341).
David Probert, Michael Radnor. (2003). Technology roadmapping: Frontier experiences from industry-academia consortia. Research Technology Management, 46(2), 26-30. Retrieved September 11, 2008, from ABI/INFORM Global database. (Document ID: 305041271).
Weekly Corporate Growth (2006). Motorola…
Lara Lee (2008, February). Innovation at Risk. Business Week (Online),1. Retrieved September 13, 2008, from ABI/INFORM Trade & Industry database. (Document ID: 1428625341).
David Probert, Michael Radnor. (2003). Technology roadmapping: Frontier experiences from industry-academia consortia. Research Technology Management, 46(2), 26-30. Retrieved September 11, 2008, from ABI/INFORM Global database. (Document ID: 305041271).
Weekly Corporate Growth (2006). Motorola to Acquire Netopia Inc. For 1.97 Times Revenue. (2006, November). Weekly Corporate Growth Report,(1416), 3. Retrieved September 11, 2008, from ABI/INFORM Global database. (Document ID: 1178968731).
While the logistics, supply chain execution, management and optimization along with exceptional control over pricing is what Wal-Mart is known for today, it was Sam Walton who initially defined the supply base as strategic partners (Friedricks, 1995). Being partners, the concept of collaborative supply chain planning and execution could easily drive greater value and lower cost for the core Wal-Mart customer base, the Price Value Shopper (Blanchard, Comm, 2008). According to Wal-Mart executives, Sam Walton believed heavily in the vision and mission of his stores as being the necessary foundation for America's middle class to make ends meet (amanathan, Gunasekaran, Subramanian, 2011). His focus on managing price as aggressively as he could, in collaboration with suppliers, set a new foundation for low-price retailing while also creating a foundation for middle class families to afford to live within their means (Blanchard, Comm, 2008). This is one of the core precepts of…
Blanchard, C., & Comm, C.L. (2008). Adding value to service providers: Benchmarking Wal-Mart. Benchmarking, 15(2), 166-177.
Friedricks, W.B. (1995). Wal-mart: A history of sam waltons retail phenomenon. Business History Review, 69(4), 574-574.
Krishnamurthi, M. (2001). Forecasting using data warehousing model: Wal-marts experience. The Journal of Business Forecasting, 20(3), 13-17.
Ramanathan, U., Gunasekaran, a., & Subramanian, N. (2011). Supply chain collaboration performance metrics: A conceptual framework. Benchmarking, 18(6), 856-872.
Getting back to the three main reasons that people in the U.S. are resistant to public health insurance one must also consider the idea that quality and technological advance might be damaged by prioritization of care. The Canadian system does not seem to mirror this concern, as though some complain about prioritization of services provided by the public plan as many as 65% of the Canadian public carries supplemental insurance that covers procedures and services that are not paid for by public insurance. In truth this would likely be the case here to and if people opted to receive the most advanced medical care available then they could do so, at their own expense, much in the same way they do now, only basic care would be covered so more people would be able to choose to have private supplemental insurance. ("Health Care System in Canada" 2007, NP) it must…
Canadian Institute for Health Information, (2005) "Explaining the 70/30 Split: How Canada's Health Care System is Financed." Retrieved January 20, 2008 at http://secure.cihi.ca/cihiweb/products/FundRep_EN.pdf
Cutler, D.M. (2004). Your Money or Your Life: Strong Medicine for America's Health Care System / . New York: Oxford University Press.
Health-Care Reform: Be Patient." (2006, March 26). The Washington Times, p. B04.
Health Care System in Canada," Microsoft® Encarta® Online Encyclopedia 2007
Innovation Distribution Company: A Total Cost Approach Understanding Supply Chain Risk Case
The initial purchase cost per unit paid to Dong Hai Supply is calculated as follows. The current exchange rate is 1 CNY China Yuan Renminbi = 0.14646 U.S. Dollar. As pointed out, the price per unit in Dong Hai supply is 547 ¥.
Therefore, the price per unit is 547 x 0.14646 = 80.11362.
The initial purchase cost per unit in U.S. Dollars is $80.11 (Frankel, 2013).
The average time for an order filling a TEU container to come from Dong Hai Supply in Chengdu, China to the distribution center in Alliance Fort Worth
Dong Hai Supply in Chengdu, China to the distribution center in Alliance Fort Worth
Time for processing and manufacturing order at Dong Hai
Moving Container by Rail from Chengdu to Shanghai
Loading to ship at Port of Shanghai
The development of Google G-Mail is one of the best-known as is the creation of Picasa and Google Scholar as well. Google's senior management team realizes that to the extent they can continually deliver new applications is the extent to which they will become a platform, not being relegated to only a search engine (Gawer, Cusumano, 2008). The development of Chrome, a Web-based operating system that can work within a browser, to the development of Google Office, and Translate, an incredibly powerful tool for translating documents of all types from one language to another all came into existence due to the ule of 20%.
All of these innovations have over time completely re-ordered the definition of strategy within the company as well, concentrating the focus more on services and extension to enterprises on the one hand, and being the replacement of individual operating systems on the other. Google's single largest…
THE WORLDS 25 MOST INNOVATIVE COMPANIES. (2007, May). Business Week,(4034), 54-55.
Leaders: Lessons from Apple; Innovation. (2007, June). The Economist, 383(8532), 9.
Annabelle Gawer, Michael a Cusumano. (2008). How Companies Become Platform Leaders. MIT Sloan Management Review, 49(2), 28-35.
Von Johnson, & Pierre Ollivier. (2007). The Technology Disruption Conundrum. Journal of American Academy of Business, Cambridge, 12(1), 215-221.
Innovation and Theories of Management.
Managerial Planning and Leading in Organizational Innovation
The account presented here is intended to examine the role of innovation in modern business practices. Particularly, this will be examined from the perspective of management and with a focus on the two primary management functions of Planning and Leading. The literature review hereafter considers these functions of management in direct relation to the complex questions pertaining to innovation. Primary areas of consideration are the decision-making which enters into the determination of whether to innovate or to follow market patterns; the impact of market externalities and economic cycles on this decision; and the correlation of internal factors and personnel matters on this decision. The discussion ultimately produces the finding that innovation is only suited for those firms possessing the right mix of internal and external conditions.
Corporate innovation is often thought of as an inherency in the…
Abramson, Mark A. & Ian D. Littman. (2002). Innovation. Rowman & Littlefield.
Audretsch, David B. (1995). Innovation and Industry Evolution. The MIT Press.
Audretsch, David B. (2006). Entrepreneurship, Innovation and Economic Growth. Edward Elgar Publishing.
Barnett, Homer Garner. (1906). Innovation: The Basis of Cultural Change. McGraw-Hill.
In the middle of the 20th century, a single exercise enthusiast who would later become nationally known as Jack LaLane single-handedly revolutionized weightlifting by virtue of an original inspiration that Drucker would likely regard as being attributable to genius and as functions of process needs, industry market changes, and new knowledge. Specifically, Jack LaLane was (probably the first modern) professional fitness trainer in American history. As a young man, he was a fitness enthusiast who, before becoming famous, earned a living teaching others how to build their bodies through resistance training.
At the time, there were very few weightlifting gyms and those that existed were not particularly welcoming to novices or to recreational users; they were dingy, dirty, and frequented more by competitive athletes like boxers and wrestlers than by ordinary people hoping to change the way they looked. Jack LaLane recognized that there was a demand for an accessible…
Drucker, Peter, F. "The Discipline of Innovation." 1985 in The Innovative Enterprise,
Chapter Three: "Types and Patterns of Innovation"
Lankton manages innovation at Nypro by creating a highly-competitive environment. There are a few different ways in which this environment is fostered. The company has performance bonuses only for top performers, creating incentive among good performers to improve their performance.
Lankton also has implemented a corporate culture that emphasizes both competition and intrapreneurship. The latter is important because Lankton recognized that top innovators typically prefer to become entrepreneurs, so the company developed mechanisms that would keep them in the company, by providing them with similar opportunities within Nypro. The culture derives from Lankton's own personality. Competitive by nature, he has repeatedly pushed competition as a key message -- for example at a corporate retreat where competition was emphasized over cooperation.
The company also fosters competition between its different plants. Each plant is roughly the same size, which means that they have more or less the same structure and resources…
Birkinshaw, J. & Hood, N. (2001). Unleash innovation on foreign subsidiaries. Harvard Business Review. In possession of the author.
Identify which one of the five alternative system building approaches you believe Coca Cola, applied, and explain why Coca Cola would have selected that alternative. What management, organization and technology issues would Coca Cola have considered before it implemented the online image library and digital archive system?
The five alternative systems that Coke could have considered would include: working on team level, group level, regional level or organizational level. The organizational level system was selected because it allows them to be able to effectively communicate with bottlers about changes that are taking place in the marketplace. The biggest issues that would have to be considered before implementing such a system would include: effectively organizing all the data, ensuring that the system is user friendly and encouraging all to bottlers to work with headquarters on a collaborative effort. ("Innovation and Collaboration at Coca Cola")
Describe the differences between fault tolerant and…
"Decision Support System." Webopedia. 2010. Web. 10 May 2010.
"Five Competitive Forces." 12 Manage. 2010. Web. 10 May 2010.
"High Availability Computer Definition." Your Dictionary. 2010. Web. 10 May 2010
"Innovation and Collaboration at Coca Cola."
The shifts in line with this innovation have enforced corporation give back to the environment.
One of the major developments in consumption habits has been use of recycled material in our everyday life. Consumers have been encouraged to participate in recycling materials that would otherwise require depletion of global resources and putting strain on the environment when these products are dumped in the natural atmosphere. Consumption patterns among consumers have also been influenced through campaigns for recycling by environmental friendly activists
The conservative use of energy among consumers has been encouraged to reduce the need for production of energy that was otherwise not optimally used. The conservation of energy is also encouraged by car polling systems and use of public transport system. Basically these are innovations touching on habits of consumption. Although it is argued that consumption is not easily controlled, there have been appreciable changes.…
Fischer F. (1995). Evaluating public policy Chicago USA: Nelson-Hall Publishers.
Tukker a. (2005). Leapfrogging into the future: developing for sustainability International. Journal of Innovation and Sustainable Development, 1(1), 65-84.
Innovations in healthcare in recent years have resulted in profound improvements in the quality of healthcare services as well as the manner in which they are delivered. One of the more important factors that has been shown to contribute to improved quality of healthcare services is the willingness to share knowledge among healthcare practitioners. To identify what factors serve to improve or detract from effective knowledge management practices, this paper reviews five relevant peer-reviewed studies concerning knowledge management in healthcare settings, followed by an assessment of the significance of the findings that resulted, as well as a summary of the research and potential topics for future research in this area.
Importance of Knowledge Management (KM) in Healthcare
Although knowledge management is an important element in almost any organizational setting, effective and efficient knowledge management practices in healthcare settings can spell the difference between life and death as well as…
Alavi, M., and Leidner, D.E. (2001). Review: Knowledge management and knowledge management systems: Conceptual foundations and research issues. MIS Quarterly,
Chatzkel, J.L. (2003). Knowledge capital: How knowledge-based enterprises really get built.
New York: Oxford University Press.
ennis Et Al Model of Change
The ennis and others model of change was described in terms of future leaders, that the leaders of tomorrow must have sturdy sagacity of purpose, the ability to undoubtedly articulate a certain vision with the meaning to bring about change (ennis, 1996). It further states that a shared vision brings change in both the present and the future. For change to take place in any profession, organization, or business individuals must be willing to take risks as well as able to create trust in order to realize a meaningful change (ennis, 1996).
All the models of change emphasize that change take place in an organization for the better future of that organization. The models also agree that change must be taken positively by all stakeholders in order to realize its meaning to the organization. The difference of the three models, is the concepts…
Bennis, W. (1996) Rethinking business, principles, competition, control and complexity, leadership, markets, and the world, London; Nicholas Brealey.
Gibson, R. (1996) Rethinking business, principles, competition, control and complexity, leadership, markets, and the world, London; Nicholas Brealey.
Consult Pivotal. (2009) Lewin's Change Management Model. Retrieved on 3rd December, 2009 from http://www.consultpivotal.com/lewin%27s.htm .
Davis, R.H. (1979) A Behavioral Change Model with Implications for Faculty Development. Journal of Higher Education. 8(2), 123-140.
Innovation at Google
The significance of innovation in creating and maintaining a competitive advantage in today's increasingly aggressive business environment cannot be overemphasized. Businesses that survive in such an environment are those that constantly deliver innovative offerings and/or reengineer their structures and processes amidst ever more changing market and industry conditions (Andriopoulos & Dawson, 2009). Google is one such organization that embodies innovation. With an innovation-oriented culture, the organization has, in a little more than a decade grown to be one of the most innovative organizations in the internet realm. From its adword online advertising service and search engine, to its cloud computing service, browser, productivity software, social networking service, desktop applications, operating system, mobile applications, as well as a host of other internet products, the organization provides a perfect example of how innovation can be an engine for rapid growth.
Based on responses obtained from an interview with one…
Andriopoulos, C., & Dawson, P. (2009). Managing change, creativity and innovation. London: Sage.
Chen, Y. (2015). The role of reward systems in product innovations: an examination of new product development projects. Project Management Journal, 46(3), 36-48.
Mayle, D. (2006). Managing innovation and change. London: Sage.
Nilsson, S., & Ritzen, S. (2014). Exploring the use of innovation performance measurement to build innovation capability in a medical device company. Creativity & Innovation Management, 23(2), 183-198.
Innovation, design and creativity are essential elements of a competitive advantage for company's services and products. This paper evaluates the impact that innovation, design, and creativity have on the strategy of Hewlett-Packard and Sprint. An assessment of the respective processes, products or services of these organizations is followed by a summary of the research and important findings in the conclusion.
Innovation and creativity are key aspects of Hewlett-Packard's track record of success. For instance, according to this company's promotional literature, "At HP, we live for the big idea, the next great discovery. 'Invent' is more than a word: it's who we are. Everything we do, we do to make technology more practical, usable, and valuable to our customers" (About HP, 2014, para. 3). Currently, Hewlett-Packard has more than 317,000 employees worldwide (Number of employees at Hewlett-Packard, 2014). An assessment of the various programs in place at Hewlett-Packard shows that…
About HP. (2014). Hewlett-Packard. Retrieved from http://www8.hp.com/us/en/hp-information/index.html .
Brown, M. (2008, May/June). Successfully embedding innovation: Strategies and tactics.
Research-Technology Management, 51(3), 65-71.
De Kuijper, M. (2009). Profit power economics: A new competitive strategy for creating sustainable wealth. New York: Oxford University Press.
One such exemplary resource is Epicor's recent guide, "Managing Today's Professional Services Organization: How to Improve Efficiency and Increase Profits" (2011). Although the guide contains some self-serving information concerning Epicor's own IT product line, the bulk of the guide is devoted to timely and informative insights concerning how IT can facilitate project delivery in professional services organizations. For instance, according to Epicor's guide:
Ultimately, a successful operational model demands higher-order tools such as resource, opportunity and knowledge management to achieve operational best practices. The reality facing most organizations, from small, specialized firms to the largest, most sophisticated multinational consulting agencies, is the same -- each faces significant challenges related to accurately and efficiently capturing time and expense, managing work-in-progress, generating and approving invoices, and reporting on project and client status. (Managing today's professional services organization, 2011, p. 1)
Given the wide array of enterprises that now fall under the umbrella…
Ashby, M.D. & Miles, S.A. (2002). Leaders talk leadership: Top executives speak their minds.
New York: Oxford University Press.
Bielski, L. (2002). Talent is available, will anyone grab it? ABA Banking Journal, 94(5), 30-32.
Copeland, M.C. (2010, August). Marketing and advertising for CPAs: Leading-edge strategies.
2). The complexity of the situation is more pronounced in some settings than others, of course, and it is reasonable to posit that healthcare organizations represent some of the most complex organizational settings because of the wide range of professions and services that are involved. A number of researchers have confirmed effective organizational change requires progressive leaders who are not afraid of "rocking the boat" and overcoming administrative inertia and the reluctance to change that is characteristic of any type of organization (Mclagan, 2002). For example, while it may be possible to improve the quality and efficiency of healthcare services by implementing technology-based solutions, professional healthcare providers may be reluctant to embrace drastic changes to their routine unless they can discern a "what's in it for me?" quality to the initiative. Indeed, leading other people to a common organizational goal may well represent one of the most difficult endeavors in…
Froeschle, M.L. & Donahue, P.M. (1998). Academic health care: Leadership in time of change.
Journal of Leadership Studies, 5(4), 60.
Mcgoldrick, J., Stewart, J. & Watson, S. (2002). Understanding human resource development: A
research-based approach. London: Routledge.
innovation and using technology to make better products. It discuses several tactics taken up by companies and they used the plans for their growth and success. The long-term impact of strategies is discussed and emphasized. Furthermore, personal opinions about the implementation of strategies are also discussed.
Due to the increase in the rate of technological enhancements and globalization, technological innovation is something crucial to the growth and survival of any company. A business environment is very competitive, complex and ever changing. The strategies taken up by an organization to manage the ongoing innovation play a very crucial role in all of the technology-based companies. This process is basically used to manage the production of a certain product and how that production is organization within in the company. There are many tools that engineers and managers have to implement. This clearly states that both the upper level and the…
Andrew, J. And Sirkin, H. (2003) Innovating for Cash. Harvard Business Review, September p.76 -- 83.
Hof, R. et al. (2004) Building an Idea Factory. Business Week, October 22.
Schilling, M. And Hill, C. (1998) Managing the New Product Development Process: Strategic Imperatives. Academy of Management Executive, August p.67 -- 81.
innovation, design, creativity strategy organizations: Kudler
There are several key components to effective business and marketing strategy. Some of the most eminent of these are the prudent usage of creativity, innovation, as well as an appropriate design that customers and potential partners can relate to. An analysis of the strategy of two companies in particular, Kudler Fine Foods and iordan Industries, readily confirms these facts, and serves as a model for other organizations to pattern themselves after.
There is an innate simplicity in the strategy employed by Kudler Fine Foods, which was the creation of Kathy Kudler in the final years of the 20th century. The food retailer still relies on the marketing image of its founder simply trying to merge two exceedingly pragmatic ideas into one innovative one -- that in which it could "create one store that would stock a wide selection of the freshest ingredients as well…
Baihaqi. (2009). "Riordan manufacturing history." Riordan Manufacturing. Retrieved from http://riordan-manufacturing.com/riordan-manufacturing-history/
No author (2013). "About Kudler." Kudler Fine Foods. Retrieved from http://kudlerfinefoods.info/
No author (2010). "Riordan manufacturing: analysis of service request assessment." www.riordanmanufacturingblogspot.com.
Retrieved from http://riordan-manufacturing.blogspot.com/2010/04/riordan-manufacturing-analysis-of.html
Both dissenters and innovators are outsiders -- thinking and acting outside the box. The very qualities that make these individuals annoying (e.g. arrogance, single-mindedness) are also part of the types of qualities (passion, drive, confidence) that are needed to keep ideas alive and vital. A good manager can deal with the package and manage the wheat with the chaff.
Usually impossible to get the type of innovators one wants without getting some of their own negatives (arrogance, inability to compromise, etc.).
Managing means eliciting the needed strengths out of each individual employee, and harkens back to the idea that not all employees are equal.
Managers often have the urge to tame the wild nature of a dissenter; to "bring them into the fold."
There are people who provide dissent because they are simply unhappy -- regardless of the situation. These types of dissenters rarely contribute innovation, but instead…
Cited in www.fastcompany.com.
Senge, P.M. (2006). The Fifth Discipline: The Art and Practice of the Learning
Tichy, N. And a. McGill, eds. (2003). The Ethnical Challenge: How to Lead with Unyielding
In his book, Beyond the obvious: killer questions that spark game-changing innovation, Phil McKinney (2012) argues that most innovation efforts fail because the right questions are never asked -- people are taught and do not stray from the obvious. McKinney asserts that in a rapidly changing world, people ought to ask the right questions about their businesses -- they must stretch beyond the basic or usual. Indeed, asking the right questions is the heart of innovation (Berger, 2014). Asking the right questions causes a fundamental shift in how a business sees its products and customers, and the way the two interact. In addition to asking the right questions, innovation involves creating an environment that supports innovation and having the right leadership practices. These three themes constitute the focus of this paper. The paper particularly highlights important questions that drive the innovation process and the role of leadership in creating a…
Additionally, aside financial resources, they also used their assets. The most relevant example in this sense is the selling of part of its interests in Mazda. It as such transformed its assets into liquidities -- the 20% shares in Mazda were converted into $540 million (Murphy) -- that better allowed them to pursue their innovation objectives.
The matter of technological innovation is not only a core focus of Ford's, but of all players within the American automobile industry. The reasons for the rivalry in terms of &D are numerous, the most outstanding however being constituted by the desire to attract and satisfy as many customers as possible, managing as such to increase organizational revenues. "&D efforts in the U.S. Auto industry are channeled into a variety of processes such as stamping, casting, machining, and assembling. Within the time-frame of our investigation, &D efforts had to embrace sudden changes in taste…
Brighton, G., July 17, 2006, Ford to Drive Revolution with £1bn R&D Project, PSFK, http://www.psfk.com/2006/07/ford_to_drive_g.html last accessed on May 6, 2009
Murphy, J., November 18, 2008, Ford Cuts Mazda Stake, The Wall Street Journal
Ramrattan, L.B., 1998, R&D Rivalry in the U.S. Automobile Industry: A Simultaneous Equation Model Approach to Bain's Hypothesis, American Economist, Vol. 42
Ramsey, J., October 7, 2007, Ford is Biggest Spender on R&D, AutoBlog, http://www.autoblog.com/2007/10/07/ford-is-biggest-spender-on-randd / last accessed on May 6, 2009
INNOVATION Q1. WHAT IS YOUR DEFINATION OF INNOVATION? ANSWER IN ONE LINE. Q2.WHY DO YOU THINK INNOVATION IS IMPORTANT, ANSWER IN ONE LINE Q3HOW WOULD YOU EVALUATE EXPERIMENT PROCESS OF KNIGHT RIDERS? A.
What is your definition of innovation?
Innovation is seeing something with new eyes; finding the unexpected in the expected, and changing in an intelligent fashion with the needs of the environment.
Q2.Why is innovation important?
Without innovation, growth is impossible and products and ideas will grow outdated -- change is constant in life and without change a brand will quickly 'die.'
How would you evaluate the experimental process of Knight Riders?
Knight Riders' experimental process could best be characterized as one of trial and error. The initial experimental process was unsuccessful. No data was kept on email users, customization was not emphasized, and the unique attributes of the medium were not fully realized. Separating the…
Such a strategy would also help the firm to address its weaknesses while acting on its strengths. Some of Apple's strengths include an innovative cast of executives and a well-known brand. Its weaknesses include significantly high R&D costs in comparison to those of competitors. Competition from makers of similar products is one of the main threats the company faces. In regard to opportunities, Apple could seek to take advantage of emerging markets to push up its sales figure.
To further evaluate how successful Apple is, such ratios as the gross profit margin, inventory turnover, current ratio and return on equity can be taken into consideration.
Gross Profit Margin
Apple's gross profit margin can be computed by deducting C.O.G.S from the figure given for sales. The resulting figure in this case is then divided with the sales figure. Consider below.
2008 gross profit margin = 37.49B - 23.49B/37.49B =…
Apple. "10K: Annual Report-Oct 2010." Apple Stock. P. 6. Oct 2010. Web. 9th Oct 2011.
Dalrymple, J. "Interview: HP says Apple is not Touchpad's Target. The Loop. 30th June 2011. Web. 9th Oct 2011. http://www.loopinsight.com/2011/06/30/interview-hp-says-apple-is-not-touchpads-target/
Ferrell, O.C. And Michael Hartline. Marketing Strategy. Cengage Learning, 2010. Print.
Harrison, Jeffrey. S. & Caron, H. St. John. Foundations in Strategic Management. Cengage Learning, 2009. Print.
Innovation at L3 Communications
Planning for Innovation
Management Systems and Innovation Metrics
Rewards and Incentives
Leadership's Commitment to Innovation
Leadership's Innovation Strategy Involvement
Ethics in Innovation
L-3 is a prime contractor in Command, Control, Communications, Intelligence, Surveillance and Reconnaissance (C3ISR) systems, platform and logistics solutions, and national security solutions; L-3 is also a leading provider of a broad range of electronic systems used on military and commercial platforms (L-3, N.d.). The company's client base includes an array of different organizations such as the U.S. Department of Defense and its prime contractors, U.S. government intelligence agencies, the U.S. Department of Homeland Security, U.S. Department of State, U.S. Department of Justice, allied foreign governments, domestic and foreign commercial customers and select other U.S. federal, state and local government agencies.
The L-3 concept was developed along three different central components that constitute the organization's…
Alipour, F., K., I., & Karimi, R. (2011). Knowledge Creation and Transfer: Role of Learning Organization. International Journal of Business Administration, 2(3), 61-67.
Halliday, S., & Beddie, F. (2009). Informal Learning. At a Glance. National Centre for Vocational Education Research, 12(1), 1-12.
Hooley, G., Greenley, G., Fahy, J., & Cadogan, J. (2010). Market-focused Resources, Competitive Positioning and Firm Performance. Journal of Marketing Management, 17(5-6), 503-520.
IMT. (N.d.). Innovative Micro Technology Receives Equity Investment From L-3 Communications to Partner on MEMS-based Strategic Technologies for Defense Applications. Retrieved from IMT: http://www.imtmems.com/index.php?option=com_content&view=article&id=89:innovative-micro-technology-receives-equity-investment-from-l-3-communications-to-partner-on-mems-based-strategic-technologies-for-defense-applications&catid=13:press-releases&Itemid=7
The World Wide Web has wreaked its own cataclysmic changes. For $500, an aspiring musician can turn his laptop into a studio, whilst music -- tons of it -- can be garnered for free from over the web, and musicians can disseminate tunes without interference from record companies through e-mails and file-sharing programs.
All of this originated just from Edison's phonograph. One invention was securely placed on the footing of another, until one reaches a climax where technology has so changed music that the computer, when compared to the piano, are worlds (as indeed they are) apart.
The future is still on the march, and those believing that the past + innovation = future, claim that the whole idea of popular music could itself be transformed into something that is utterly new. Pioneering synthesizer designer oger Linn, for instance, suggests that individuals will 'learn' how to play the computer --…
Karr, R. TechnoPop: The Secret History of Technology and Pop Music, NPR, 2011. Web. January 30, 2011.
In this painting, Manet drew away the concealing veil of classical illusion and brought the nude up-to-date. The lady in this painting is not a nymph or Venus but a modern prostitute who cares little about what people think of her. Another work, Bar at the Folies-Bergere (1882) illustrates another quality that was to increase in importance in the work of later painters. While the effect was possibly unplanned, Manet with this painting made a radical break with tradition by redefining the function of the picture surface, i.e. By taking the viewer through the painting's surface via an illusory space behind it, being the mirror in the background which reflects the body of the female bartender. Thus, Manet stands as the master Impressionist who created illusions bathed in light and atmosphere and at times shocked the sensibilities of his contemporary Parisian artists…
administered to 50 respondents. The data obtained from these participants was credible for analysis since there were no substantive missing values. The questions were based on a Likert Scale that made it easier for participants to provide their responses and enhance reliability. Data obtained from this instrument was analyzed using descriptive statistics and measures. In this case, the researcher utilized Cross Tabulation analysis and Chi-Square analysis.
This study had 50 respondents working in German and Swiss labor markets though the research was not restricted to participants from German or Swiss origins. Actually, the respondents were from different nationalities though they were working in German or Swiss labor markets as shown in the table below.
Table 1: Nationality of espondents
Number of espondents
Aas, T.H. & Jorgensen, G., 2016. Open vs. Closed Innovation: Advancing the Debate. Proceedings of ISPIM Conferences, pp. 1-12.
Aranha, E. A., Garcia, N. P. & Correa, G., 2015. Open Innovation and Business Model: A Brazilian Company Case Study. Journal of Technology Management and Innovation, pp. 91-98.
Brunswicker, S. & Ehrenmann, F., 2013. Managing Open Innovation in SMEs: A Good Practice Example of a German Software Firm. International Journal of Industrial Engineering and Management, pp. 33-41.
Creswell, J.W 2014, "The selection of a research approach," in Research design: qualitative, quantitative, and mixed methods approaches, 4th ed., Sage Publications, Thousand Oaks, California, pp.3-24.
In other words, the Keynesian economics were implemented on the belief that low levels of consumptions generate the economic crisis, and that "a fall in national income, lack of demand for goods, and rising unemployment should be countered by increased government expenditure to stimulate the economy" (the Free Dictionary by Farlex, 2008).
Not long after John Maynard Keynes stated his principles, the allied states signed the monetary agreement at Bretton Woods. The new system was basically centered on creating international price stability, which contradicted the ideas of Keynes and his growth theories. He stated that the international stability would eventually be reached through trade, but his beliefs were not shared by the major participant and the largest creditor of the time, the United States of America. To reach the objective of global stability, two institutions were formed to coordinate and supervise financial operations: The International Bank for econstruction and Development…
Adelman, I., the Genesis of the Current Global Economic System, College of Natural Resources at UC Berkeley, http://are.berkeley.edu/~adelman/KEYNOTE.htmllast accessed on March 17, 2008
Biddle, J.E., Emmett, R.B., Samuels, W.J., 2005, Research in the History of Economic Thought and Methodology, Research Annual Volume 23, Emerald Group Publishing Limited
Dammasch, S., the System of Bretton Woods - a lesson from history, Retrieved at http://www.ww.uni-magdeburg.de/fwwdeka/student/arbeiten/006.pdfon March 17, 2008
2003-2008, What is Keynesian Economics?, Wise Geek, http://www.wisegeek.com/what-is-keynesian-economics.html . Ast accessed on March 17, 2008
Role of Leadership Styles in Organizational Innovation
Andre Alexandre, Jr.
Dr. Amy Burkman
Revised prospectus outline
The Role of Leadership Styles in Organizational Innovation and Success
The study will research the role of leadership styles in organizational innovation and success. A number of studies have shown that transformational leadership positively influences organizational innovation. However, there is a lack of studies examining the contextual conditions under which this effect occurs or enhance organizational success.
Purpose Statement / Problem Statement
The purpose of this study is to explore and provide a deeper understanding of the relationship between leadership styles and organizational innovation.
It is not known to what extent leadership styles impact innovation and enhances organizational success. Therefore, this study will investigate to provide a deeper understanding of the relationship between leadership styles and organizational innovation and success.
III. Literature Review
a) Theory: Transformational Leadership Theory. This study aims to investigate the…