...Analysis of Leaders in Innovation Capella University Introduction Innovation is a term used to describe new ideas and new beginnings. One who introduced this concept to a failing organization, was an innovative leader named Vineet Nayar. In 2007, Nayar was named CEO of IT Services and Outsourcing Firm HLC Technologies. With his strategic vision and global outlook, he catapulted the then dismal firm into the leader of the organizational pack in a short amount of time. In the beginning of Nayar's 2010 article "A Maverick CEO Explains How He Persuaded His Team to leap into the Future”, he describes his appointment as President of HLC technologies as a “leap to safety.” (Nayar, 2010) It became apparent that there was something he needed to do to change the interface of this company. He began to create a vision, but knew that it would not take place without some major adjustments. When one thinks of innovation, it is a term used to described new ideas and new beginnings. One who introduced this concept to a failing organization, was an innovative leader named Vineet Nayar. In 2007, Nayar was named CEO of IT Services and Outsourcing Firm HLC Technologies. With his strategic vision and global outlook, he catapulted the then dismal firm into the leader of the organizational pack in a short amount of time. Vineet formulated the” employee first, customer second approach” and took HCL to be one of the most successful IT outsourcing businesses in the world. It worked magic at HCL and...
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...MBA 6006 Leading Innovation in the Global Organization Analysis of Leaders in Innovation November 9, 2014 Introduction A leader is known as someone that people follow and guides and directs others. Having a leader within an organization is extremely important for an organization to function. Not only is it important to have a leader within an organization but it is also vital that a leader understands the importance of innovation within an organization. The primary goal for most companies is to be successful. Success is usually measured by the growth of a company or organization but how does a company reach growth? A companies’ success would be almost impossible without innovation. In addition to innovation it is also important for companies to recognize global trends when devising a strategy for innovation. This paper will discuss the global trends related to the Nayar article to create a more innovative organization as it relates to the five discovery skills. It will also discuss recommendations for improvement of the use of the discovery skills. Influence of Global Trends In the article “A Maverick CEO explains how he persuaded his team to look into the future”, Nayar was appointed president of the Delphi based IT services provider HCL technologies. When Nayar was appointed he knew that he had some challenges ahead of him. There were some challenges that the global economy was experiencing at that time and he had to find a way to make the company successful despite...
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...Analysis of Leaders in Innovation Introduction Innovation, is a term used to describe new ideas and new beginnings. One who introduced this concept to a failing organization, was an innovative leader named Vineet Nayar. In 2007, Nayar was named CEO of IT Services and Outsourcing Firm HLC Technologies. With his strategic vision and global outlook, he catapulted the then dismal firm into the leader of the organizational pack in a short amount of time. In the beginning of Nayar's 2010 article "A Maverick CEO Explains How He Persuaded His Team to leap into the Future”, he describes his appointment as President of HLC technologies as a “leap to safety.” (Nayar, 2010) It became apparent that there was something he needed to do to change the interface of this company. He began to create a vision, but knew that it would not take place without some major adjustments. Vineet formulated the” employee first, customer second approach” and took HCL to be one of the most successful IT outsourcing businesses in the world. It worked magic at HCL and the company created 34% percent revenues even at the time of turbulence (sparks.wisdomjobs...
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...Analysis of Leaders in Innovation March 17, 2014 Introduction In today’s ever changing global economy, even the most innovative organizations constantly have to reshape themselves, in order to maintain their positions as industry leaders. In reshaping their organizations, leaders must have the ability to drive innovation and help their organizations to become even more innovative then they are. As global trends emerge, they influence the need for organizations to innovate in order to have a competitive advantage and be successful. When we examine the case of HCL Technologies (HCLT), it is evident that the former CEO, Vineet Nayar, planned and executed a clever strategy to turn around the company’s fate from a suffering IT service provider to an industry leader. This paper will analyze Nayar’s leadership behaviors and skills; and how he applied these to combat the global trends affecting HCLT and create a more innovative organization. In assessing Nayar’s discovery skills in his innovation leadership, opportunities will also be evaluated for ways in which Nayar can improve these skills in support of leading HCLT further in innovation. Global Trends Affecting HCLT Overall, Nayar’s success story with HCLT comes from his ability to drive innovation and transform HCLT into a more innovative organization, despite the global adversities that the company faced. In his article, Nayar (2010) tells us that HCLT’s revenues were growing by about 30% a year when he became...
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...Yasir Adesanya Unit 5 Assignment 1 May 14, 2016 It was a really good experience working with my peers and having them review my assignments. It’s something I use to have issues with few years ago. I am someone who typically hates criticism, I believe my ways is the best way. However, I have grown and realized there’s nothing wrong having other people review my work, notes, assignment and providing genuine and necessary feedback. In addition, it was great reviewing other’s assignment and providing needed and necessary feedback in return. It was fun at the same time having to look at my peer assignment on a professional level. I interacted with them via the discussion board and email. Initially, it was a little bit awkward but after a while I got over it as I do that at work already where I review my colleagues report blindly. The only difference was that I have seen my colleagues before compare to here where you have absolutely no idea who they are except from the brief introduction from the first day of class I read about them. I had great interactions with them where they told me amazing stories about the chosen companies and I did the same in return about Naira bakery in Brooklyn, what prompted my in law to start the company. Overall, this class has been a great experience for me in the end. Personally, working with my classmates on those assignment, chatting back and forth, and working with ideas, brainstorming, helping arrange my notes was superb...
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...MBL925R Individual Assignment No. 1 MBL925R: Business Research Assignment No. 1 Abridged Research Proposal: Leaders focused on innovation will see opportunity in good and bad times and as such will be able to lead organisations resiliently through crisis and prosperity. Prepared by: Mervyn J Fraser (78043808) Due Date: May 2, 2014 0 MBL925R Individual Assignment No. 1 TABLE OF CONTENTS CONTENT 1 INTRODUCTION 2 LITERATURE REVIEW 3 PROPOSED METHODOLOGY 4 KEY QUESTIONS / CONCEPTS 5 STUDY LIMITATIONS 6 STUDY VALIDITY AND RELIABILITY ISSUES 7 ETHICAL CONSIDERATIONS 8 STUDY SIGNIFICANCE / BENEFITS 9 REFERENCES 10 ANNEXURES PAGE NO. 2 3 8 9 11 11 12 l3 l4 15 1 MBL925R Individual Assignment No. 1 1. Introduction (Center for Creative Leadership, 2009) said that not long ago, strategy was king. Forecasting, planning and making smart bets created the power sources within organizations. The future of a business could fit into an established framework or system. If managed well then success would be the end result. In today’s business world uncertainty is palpable. Planning for next quarter is a challenge. Even more difficult is committing to decisions that will play out in one to five years. What is the new process, the innovative product, the game-changing service or the compelling vision? Most senior executives are claiming that they have lost the crystal ball. Because of the dynamic nature of business today problems come up daily that...
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...Problem Statement: In the past, Apple has been the leader in innovation and has made a high quality product. The drastic changes in the computer industry have caused Apple to reevaluate their strategy. As a result, Apple is attempting to maintain differentiation through innovation while struggling to be cost competitive. While Apple’s revenue has increased over the past three years, profitability has declined and market share has remained stagnant. External Analysis: Porters Five Force analysis: 1. Threat of New Entrants: Hardware: The threat of new entrants is low. With start up costs ranging between $5-10 million, it creates a steep barrier for entry. This upfront cost would take a company years to see a return on the investment. Existing companies have capitalized on the distribution channels and created strong brand awareness. Companies similar to Apple have differentiated themselves to consumers, a barrier that is hard for new entrants to overcome. 2. Bargaining Power of Suppliers: Hardware: Low as Apple has a strong vertical integration. Suppliers must be competitive to ensure they can retain the business from the large computer manufacturing companies. The only area that has a limited supply base is the computer processing chips. Suppliers must adjust pricing and quality to ensure their products appeal more attractive. As a result, competition is high leaving them in a low supplier power position. Apple has reduced their suppliers bargaining power...
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...STRATEGIES FOR EFFECTING SOCIAL CHANGE ABSTRACT Due to their unique relationship with followers, charismatic leaders can be powerful agents of social change. Current theories of charismatic leadership have emphasized primarily the personality and behavior of leaders and their effects on followers, organizations, and society. This emphasis fails to uncover why and how the charismatic leader-follower interaction can generate social change. Our study draws on theories of social meaning to develop a process model of charismatic leadership. Empirical exploration of our model suggests that charismatic leaders employ a set of consistent communication strategies for effecting social change. INTRODUCTION We have substantial evidence that charismatic leaders behave differently than non-charismatic leaders. Further, we know that charismatic leaders can generate radical social changes, and that the performance of charismatic leaders and their followers tends to exceed that of their non-charismatic counterparts. To date, however, we know very little about the processes by which leaders and followers interact to effect social changes (Meindl, 1992). There is a need to address the following unanswered questions: Why do charismatic leaders adopt certain behaviors? Why do their followers respond in predictable ways to those behaviors? How does the leader-follower...
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...transformational leadership and innovative behavior 15 The moderating role of affective commitment between transformational leadership and employees’ innovative behavior 18 The moderating role of innovative climate between transformational leadership and employees’ innovative behavior 19 Methods 20 Participants and Procedure 20 Measures 22 Data analysis 24 Results 25 Descriptive statistics and scales 25 Correlation analysis 26 Testing hypothesis 27 Discussion 29 Limitations and recommendations 33 Directions for future research 35 Practical implications 36 References 37 Appendix 42 Tables……………………………………………………………………………………………………………………………………………42 Figures. 45 Company report 46 Abstract This study aims at investigating how transformational leaders directly and indirectly (via affective commitment to the organization, the career, the leader, and the team and innovative climate) affect employees’ innovative behavior. The hypotheses are tested by applying quantitative analyses to data collected from 39 employees of a multinational high-technology group, specialized in the photo sensor technology in the Netherlands. The results of the analysis do not support the direct link between transformational leadership and innovative employee behavior. Yet, they support the moderator effect of affective commitment to the organization and the moderator effect of innovative climate between transformational leadership and...
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...Best Snacks Problem Solution Lashanna Dipiano MMPL/550 May 12, 2011 Phillip Norris Best Snacks Problem Solution Best Snacks, Inc is a 150 year old company that has been held publicly for more than 100 years. Although the company has enjoyed many years of success, it has recently failed sustain its success due to the lack of innovation and creativity over the last 5 years. In today’s business environment innovation is necessary to sustain success and is an integral part of the business model. The ability to learn faster, better, and more cheaply than the competitor can mean the difference between maintaining market leadership and barely surviving (Davila, Epstein& Shelton, 2006). To regain its long held standing as a leader in the snack industry Best Snack, Inc must implement a plan that focuses on creating a culture that cultivates innovation, developing management systems that are aligned with the new strategy, and creating a new product line that will bring the company back to the forefront in the snack industry. Describe the Situation Issue and Opportunity Identification Best Snacks, Inc has been a leader in the snack industry for many years. As the snack industry began to change to meet the demands of a consumer market that is more health conscious, Best Snacks has failed to meet the challenge. Best Snacks has been slow to adapt to change and stray away from its tried-and-true research, development, and marketing activities (University of Phoenix, 2006). The...
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...3.0. INTERNAL ANALYSIS 3.1. Organization Analysis 3.1.1. Structure and strategy TI has a decentralized structure, which comprises the company’s BOD and executive officers. The BOD commits effective and responsible corporate governance. The board deliberates its governance practices annually to ensure they make sense for the company in today's business environment (The Economist, 2009). The BOD nominates the executive officers of the firm. They comprise the chief financial officer and chief executive officer as well as the leaders of the firm’s principal business functions and units. Strategy TI is aware that its customers depend on the company to assist them innovate and get to market first. The company, therefore, drive toward flawless implementation to deliver software, differentiated products, and support they need, whenever they need them. The firm actively engages with its customers and learns as much that it can about their needs in order to generate new, innovative products for their future applications on a constant basis. 3.1.2. Components of Strategy Corporate Mission Texas Instruments seeks to change the world “one chip at a time.” The company’s mission is to create analog and embedded processing products for power electronics across every industry. The company has interwoven integrity, commitment, and innovation throughout the fabric of its history in order to create and assist to make the world safer, smarter, more fun, greener, and healthier (Nishi &Doering...
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...contend that organisational leadership is an embellished concept in that it is not necessary in attaining organisational performance since there are other internal and external factors that come into play ( Ismail et al,1998; (Bass& Avolio,2002;(Munjis,2011). A number of researches and studies have been carried out to demonstrate that leadership and organisational performance, commitment and innovation go hand in hand (Judge, Bono, Ilies and Gerhardt, 2002; Judge and Piccolo, 2004; Keller, 2006; McGrath and MacMillan, 2000; Meyer and Hepard, 2000; Purcell, Kinnie, Hutchinson and Dickson, 2004; Yukl, 2002). Conversely, some studies for instance, House and Aditya (1997) suggest that is not a key factor in achieving organisational performance, commitment and innovation. Due to the conflicting findings concerning the role of leadership and organisational performance, commitment and innovation, point out there is a need to study the role of leadership comprehensively. House and Aditya (1997), suggests studying the importance of leadership on organisational performance, commitment and innovation is necessary...
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...How to foster innovation in your business Presentation on the occasion of the Credit Suisse event 7th September 2013, Zurich Dr. Reto Müller Chairman of the Board of Directors Helbling Holding AG Helbling - a Leader in Technological Innovation and Business Consulting Helbling Group Key figures 2012 We are unique through our ability to integrate a spectrum of professional know-how, experience and skills. 458 employees Our ability to link technological expertise with business competence results in entrepreneurial success for our clients. Companies in Switzerland, Germany, USA and China Revenues CHF 110.9m International Network Offices (Corporate Finance International) Owned by 25 managing partners 2 Examples of innovations at Helbling Extract out of some thousand innovation projects in more than 50 countries Innovation leaders collaborating with Helbling: Nestlé, Roche, ABB, Airbus, Siemens, Medtronic, Schindler, Pfizer, Novartis, Sonova, Google, BSH, Geberit, Sika, V-Zug, Source: Helbling Qiagen, Tecan and many others 3 Strategic innovation management – selected Helbling references Companies Why Helbling? We measure ourselves - e.g. on the increase of the value of your innovation pipeline We are senior experts with over 15 years consulting experience and a focus on the topics "Increasing innovation success and increasing the power of innovation» We use self-developed tools and instruments ...
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...issues the need to avoid or improve on and any new opportunities to further maintain their position as industry leaders. Toyota has positioned itself as one of the automotive industry leaders with the highest market share when based on sales volumes. Toyota also maintains this strong market position across many countries. Toyota has developed a wide range of vehicles catering for all types of customers, from low to very high income, with easy access to their products thanks to a global distribution system. The company makes a strong effort to be well rounded and remains strong in innovation, brand reputation, good prices and international relationships. This strong market position is largely attributed to Toyota’s value proposition to provide customers with the best range of models, at affordable prices, all whilst maintaining our long-standing reputation for manufacturing excellence and for producing high quality vehicles that are safe and reliable. The efficiency and capacity of the Toyota production and distribution system has been an ongoing and sustaining competitive advantage for Toyota. This system has allowed has allowed Toyota to drive down its costs and maintain a reputation for of good prices for good quality products. Toyota has 14 facilities worldwide dedicated to research and development which helps the drive the company’s strength of constant innovation to improve the...
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...Assessment#1- Analysis of Understanding Entrepreneurial Leadership in Today’s Dynamic Markets fobjbdema BUS508 - Business Entreprise Dr.ddddddddd Discuss the common elements described in the theories/philosophies of Case, Kouzes, and Drucker including how their principles /strategies relate to the new definition of entrepreneurial leadership presented in Understanding Entrepreneurial Leadership in today’s Dynamic Markets. In discussing the new definitions entrepreneurial leadership as presented in “Understanding Entrepreneurial Leadership in Today’s Dynamic Market its probably best to describe the climate or environment which is often illustrated as one that is dynamic market , uncertain or a very competitive market which requires innovative thinking. In this type of market the fluidity, energy, motion, constancy and ubiquitousness of changes in the market occur very frequently and head to head competition between firms is common place and the pace, magnitude and direction of change is continuously accelerated and harder to predict. Teece, Pisano and Shuen (1997) as referenced by Fernald and Solomon in their paper, described today’s dynamic Schumpeterian world of innovation–based competition, price /performance rivalry, increasing returns and the ‘creative destruction of existing compeitencies.”(p.509) "creative destruction" was popularized by and is most associated with Joseph Schumpeter, particularly in his book Capitalism, Socialism and Democracy, first...
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