...A systematic way for designing breakthrough products or services includes two main steps. These two lead to considering of meaning first and technology second. This innovative method of creating a step forward product is clearly different from the common ones. It is so because such companies look for the original approaches not by analyzing the habits of consumers but by interpreting other very meaningful sources. They are called the interpreters. This concept includes people who can help for the companies to perceive the situation from the different perspectives. For example, the interpreters could be designers, psychologists, architects and many other experts who have explored the field. These people are very valuable for the company in order to create the new meaning of the product which attracts the customers more than the old one. In that way, consumers get a product which is above their expectations. Especially this ability to astonish the customers ensures the success for the company in the huge rivalry. However, often it is a complicated task to find the right interpreters. It is so because the companies need to look at the problem from the different angles and perceive it unusually. So it is essential to analyze the whole user’s experience. It means that not only the product is important but also its presentation or environment around it. The companies have to understand that there are a lot of factors which impact the customers’ decision. After this analysis the companies...
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...disruption, you just do not have the forecasting models that can predict proper price points. 2. Identify at least two strategies that you used in addressing the challenge described above. Identify one strategy that worked and one strategy that did not work. To finally get a handle on profits/ losses/ etc., I initially raised the price of the ultra-capacitor to minimize the losses and to set a price-point different from the default set by the model in 2012. This allowed me to devote a minimum of 3 million per year in process improvements for price reductions of $0.50 per year. The remaining funds went to energy density research until the breakthrough. I then shifted money to self-discharge for ultra-capacitors as that was the second desire from customers. No money went to NiMH until self-discharge for ultra-capacitors had breakthrough and then I shifted money to process improvements for NiMH so as to keep prices low and milk the rest of that market. 3. Based on what you experienced in this simulation as well as what we have covered in class, identify at least one specific piece of advice would you give to an innovative CEO. Your response should be clearly related to the readings and any readings referred to should be cited. My biggest piece of advice is to forecast five and ten years out in order to identify the needs of the customer and potential disruptors. Find unresolved problems from the customer’s stand-point and resolve them without overshooting. Use “associational...
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...Breakthrough begins with You! Damon Walton Breakthrough begins with You! Introduction Your next breakthrough begins with you! This book is about effecting a radical change in your life. Is about getting out the rut of the day to day life to go to the next level. I was one of the millions of people who needed a change in one's life. This book about providing a radical change in every aspect of life one has from the professional to the personal. What prompted me to write this book was based on life experiences I had with breakthroughs. I like most people, have a life where it consist of barriers and breakthroughs. I will talk about the common barriers we all face and how to break through them to achieve success in our daily lives. Some of you are wondering how I can help you and why me. To answer your first question, is to read the book. Read the following chapters with an open mind and don't pass judgment. The answer to the second question is that I applied the same advice to my life. Am I a celebrity, famous author, or a self-help guru? No, I am not but I am an ordinary person who effected change in my life through some radical yet common-sense principles. I am not writing this book to become a millionaire or to be famous in my right but effect change in our daily lives. We tend to listen to those who share a common background. Hopefully, my message will resonate with those who are looking for a breakthrough in their daily lives. We all are yearning...
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...disruption, you just do not have the forecasting models that can predict proper price points. 2. Identify at least two strategies that you used in addressing the challenge described above. Identify one strategy that worked and one strategy that did not work. To finally get a handle on profits/ losses/ etc., I initially raised the price of the ultra-capacitor to minimize the losses and to set a price-point different from the default set by the model in 2012. This allowed me to devote a minimum of 3 million per year in process improvements for price reductions of $0.50 per year. The remaining funds went to energy density research until the breakthrough. I then shifted money to self-discharge for ultra-capacitors as that was the second desire from customers. No money went to NiMH until self-discharge for ultra-capacitors had breakthrough and then I shifted money to process improvements for NiMH so as to keep prices low and milk the rest of that market. 3. Based on what you experienced in this simulation as well as what we have covered in class, identify at least one specific piece of advice would you give to an innovative CEO. Your response should be clearly related to the readings and any readings referred to should be cited. My biggest piece of advice is to forecast five and ten years out in order to identify the needs of the customer and potential disruptors. Find unresolved problems from the customer’s stand- point and resolve them without overshooting...
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...According to Topic 1 Cappelli’s article is therefore timely in giving HR and Line Managers a process that can assist in talent management. The main premise of the article is that talent management is ‘anticipating the need for human capital and then setting out a plan to meet it’ (Cappelli, 2008, p.1). The options for companies are to either do nothing or use 1950’s programs of succession planning and forecasting. Cappelli suggests that there is another, more effective way using a just-in-time concept (2008, p. 3-4) that includes: • Make and buy to manage risk – talent is expensive to have waiting in the business and they will leave without opportunities. Therefore some roles can be sourced externally more effectively, while others could be internally. • Adapt to the uncertainty in talent demand – the concept is to break up development programs for staff into smaller units so that staff complete the course over a longer period ie 3 years and this keeps them interested longer. • Improve the return on investment in developing employees – get staff to part pay towards a course, whether this is financial or in time. • Preserve the investment by balancing employee-employer interests – allow staff to apply for any internal job and make it easy for them to apply. Cappelli concludes that by using a just-in-time concept and getting more engagement with talent through extended training, financial or time commitment and allowing staff to apply and move across the organisation that...
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...Financial Breakthrough Introduction Valuable employees on a daily basis contribute to the profitability of major corporations. T. Rowe Price Group (TROW or the group) is a global investment management organization with $482 billion in assets under management as of December 31, 2010 (Datamonitor, 2011). In the nearby future it is my intentions to explore employment opportunities as a business associate at T. Rowe Price Inc. Also, according to the Datamonitor T. Rowe Price provides a broad array of mutual funds, sub advisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries (2011). Moreover, The Wall Street Transcript 2006 had revealed that T. Rowe Price operates under the leadership of its President George A Roche. In addition, T. Rowe Price is a vast corporation that primarily operates in the US. and is headquartered in Baltimore, Maryland with 5,052 employees (Datamonitor, 2011). Variation in leadership style is often times an element that plays an important role in the financial breakthrough of a corporation. Introspecting Management Style Good sound business management can be applied in any forum. Whether in the corporate world, the military, or even households management plays a role. Every aspect of management is a result of a process or situation requiring attention. Many factors separate successful managers from the unsuccessful managers. Some of these factors or principals...
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...Breakthrough in organization performance: competitive advantage through employee-centered management. Sustainable competitive advantage can best be achieved through employee-centered management which encourages widespread participation and contribution of employees in problem-solving and decision-making. This article describes the experience over a six-year period at Ault Foods, Ltd. of Canada, which implemented a structured seven-step strategy for improved organization performance through employee-centered management. A significant change in the condition of the human organization resulting from the intervention was shown to be correlated with a 66 percent increase in profitability. More and more companies in the U.S. are taming to employee-centered management to enhance productivity and quality, and to gain the competitive advantage of a workforce fully committed to the organization's goals. Organizations are increasingly recognizing that efforts to improve productivity and quality must include attention to the human organization - its motivation, commitment, and morale. For example, a major component of the scoring system for the Malcolm Baldrige award involves accounting for the state of the human organization. Increased attention is therefore being paid to developing tools for analysis and strategic management of the human organization. These tools may be used for measuring the condition of the human organization, evaluating its performance, and initiating corrective...
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...The Challenge of Breakthrough Innovations Table of Contents “The Breakthrough”…………………………………………………………………………………2 Dilemma/ Struggle of Established Firms……………………………………………………………3 Rules for Innovation………………………………………………………………………………….4 Building An Ambidextrous Organization………………………..…………………………………6 Conclusion and Recommendations………………………………………………………………….8 Reference……………………………………………………………………………………………...9 Appendix…………………………………………………………………..………………………...12 “The Breakthrough” One dictionary definition of breakthrough is: "a significant and dramatic overcoming of a perceived obstacle, allowing the completion of a process." But what really makes an innovation a breakthrough (radical, disruptive) one, rather than incremental, from a marketing point of view? According to Boston Consulting Group report, breakthrough innovations are defined as “innovative products that offer consumers significant new benefits through advances in technology, formulations, or applications or through more convenient packaging (Boston Consulting Group (BCG): A Disciplined Approach to Breakthrough Innovations). Christensen (1997) argues that a necessary condition for an innovation to be disruptive is that it “captures new markets in an original and unexpected way.” Academics of marketing literature differ in their opinion about a relationship between a significant new technology and disruptive innovation. Some authors believe that radical innovation goes hand-in-hand with a significant...
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...Modern society under the influence of the media has evolved into a materialistic, narcissistic society. This is a universal theme prominent through Dawe’s works ‘Televistas’ and ‘Breakthrough’ as well as the visual stimulus depicting the media spoon-feeding an elderly man. As social commentaries, these works examine the negative effects of the domination of the media on the core values that underpin the society. We are encouraged to question the dictatorship we have appointed to the media. ‘Televistas’ highlights the lack of independence present in today’s society. The superficiality of the personas’ relationship as well as the passive lifestyle we have adopted is the core of Dawe’s concern. The title ‘Televistas’, literally meaning television...
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...New Times and Seasons: The Breakthrough Change is constant as we have found in the family dynamics of Ragtime by E.L. Doctorow. As the various characters enter into different seasons in their lives a noticeable change takes place. Not only did the change affect them, but it also affected those in their family units. Society sees marriage as a permanent commitment therefore marriages are expected to endure change. But in the Ragtime families, that was not the case; all characters went through transformation in their own time and or season, which constituted a breakthrough. Ragtime, by Doctorow is a novel that is being told from the point of view of the Little Boy. It blends history with fiction its plots intertwine several families from different walks of life, upper class, middle class, lower class immigrant life, blacks, revolutionaries, and crimes. The first set characters in the story are an upper class family that consisted of a father, mother, and a little boy. They had an extended family that consisted of Mother’s Younger Brother and Mother’s Father aka Grandfather. The family lived in New Rochelle, New York in an upper class neighborhood where Father owned his own business “manufacturing flags, and buntings and other accoutrements of patriotism. Brother worked there designing fireworks and had also become an expert at making bombs” (Doctorow 3-4). The next group of characters was a lower class family of immigrants that arrived in New York from Italy...
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...“Poisons and medicines are sometimes the same substance given different intent.” (Latham Mere Peter) In the early 19th century, little was known about the depths of biology. Doctors and research began to wane away from traditional ideas that women were smaller versions of men, just turned inside out. While anatomy was thoroughly explored, the body was considered to be but a closed source of energy. The century brought forth a tremendous amount of change. Researchers began to challenge medicinal ideas and made momentous strides in several areas. In order to have an immersed understanding of medicinal developments of the 19th century, one must examine the driving factors, newer practices, medicinal advancements and leading scientist. Epidemics pushed medical professionals to analyze disease transmission, containment, and treatments.To have an immersed understanding of medicinal development of the 19th century, one must the driving factors that led to medical contributions. As European nations began to expand and develop, disease was regularly spread. With few medical options, doctors and scientist alike struggled to contain endemic illnesses. Malaria was ann epidemic that plagued European nations during the onset of the 19th century. According to the CDC, “Infection with malaria parasites may result in a wide variety of symptoms, ranging from absent or very mild symptoms to severe disease and even death. Malaria disease can be categorized as uncomplicated severe (complicated)...
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...Critically assess the significant developments in medicine in Britain between 1500 – 1948? The Dark Ages were characterised by stasis and of the rejection of anything new and potentially provocative in within society. Little wonder then, historians regard the sixteenth century as the Age of Enlightenment, with its rich and far-reaching innovations in almost every part of European culture, society, science, and political advances as well as spiritual freedom. With the Royal Navy making new affiliations with other countries, there were shared innovations into physics, chemistry and the biological sciences across Europe and Asia. Medicine and its affiliations, of biology, anatomy and physiology, grew into a respected science and the understanding of how disease spread helped the world become a safer place. Universities became melting-pots of diversifying knowledge and open communication and debates were encouraged and new ideas about the origins of life abounded. Here then will be a snap shot of a few men who played significant parts in pushing the boundaries of medical understanding forward and the developments which altered social reform to turn Britain into Great Britain. Few medics working within England in 1600 had any formal college training, relying instead upon an apprentice with an apotheracary or surgeon. Most graduates had either trained in Europe or had managed to be accepted into the Royal College of Physicians in London. (Porter 2002). After setting up their...
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...Times March,2015 A Breakthrough Treatment for Lung Cancer Approved What you need to know about this promising new drug On March 5, a novel way to treat lung cancer won approval from the Food and Drug Administration (FDA). The latest drug, Opdivo, has showed promise with other cancers, and is the first to use the immune system to tackle hard-to-treat lung tumors. Here’s what you need to know. How does the drug work? Opdivo (nivolumab), made by Bristol-Myers Squibb, works the same way that releasing a parking brake frees a car to move. Normally, the immune system is held back from recognizing tumors as foreign and potentially harmful, since tumors are the body’s own cells that grow abnormally. Without such checks, “the immune system will destroy you,” says Dr. James Allison, chair of immunology at MD Anderson Cancer Center who discovered the first such brake that protected cancer cells from the immune system. But nivolumab releases this check on the immune system’s normally voracious appetite for anything it doesn’t recognize, so the body’s own defenses can preferentially recognize tumor cells as targets. In the study submitted by the company to the FDA, 15% of patientsshowed some shrinkage or complete disappearance of their tumors. What makes this drug different from other cancer treatments? Unlike surgery, chemotherapy, radiation or the anti-cancer drugs that interrupt specific signals that tumor cells use to survive, nivolumab doesn’t target the tumor itself. Rather...
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...LTEC 4040 – Unit 1 Key Points and Implications Name: Jennie Larry Johnson Date: January 24, 2016 Key Points Reading: The Six Principles of Breakthrough Learning (Introduction and Chapter 1) and High Impact Learning (Foreword, Preface and Chapter 1) The Six Principles of Breakthrough Learning Page 12 Key Point “Management has a fiduciary and ethical responsibility to ensure that those investments (training) produce a return: results that improve performance and competitiveness.”1 Implications The implications are that managers should be held accountable for ensuring that employees have been provided with training sufficient to prepare them operate at maximum performance. They should also be held accountable for the systems are in place to support the transfer of knowledge/skills learned to the workforce. Manager should then be held accountable for monitoring and documenting improvements as an indicator of the effectiveness of the training. This information could then be used to determine if the training was cost effective based on the returns. 3 -23 The Sixe Principles of Breakthrough Learning D1-Define will be useful to me because it points out that fact that companies should ensure that trainees understand why they are being trained and that they are provided with clear objectives regarding the company’s expectations as to how and when the skills/knowledge learned is transferred to the workforce. An example would...
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...Identify FIVE disruptive/radical (ie breakthrough) innovations that have occurred in the past 25 years. What has been the nature of each of these innovations? In what way were they radical as opposed to an incremental improvement to an existing product process category? Why are they significant in your opinion and why did you select each of the five particular examples? What value did each innovation create and how did it do so? Do you consider that there has been any down side or value destruction in adopting these innovations? Why/Why not? Radical Innovation # 1:SOCIAL MEDIA 1. What has been the nature of each of these innovations? With Internet on the rise, and being widely available and used by everyone, especially the new generations, there was a need to ‘stay connected' as more and more people were travelling, and moving away from their home towns. 2. In what way were they radical as opposed to an incremental improvement to an existing product process category? Social Media is a radical innovation rather than an incremental innovation as there was no existing product which provided similar benefits/uses. Because of Internet, Social Media was possible and became into existence. The only close competitor of Social Media, which provided similar benefits, was the telephone and the mobile phone later on. 3. Why are they significant in your opinion and why did you select each of the five particular examples? I believe Social Media is a significant radical innovation...
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