Premium Essay

An Evaluation of the Innovation Practises of

In:

Submitted By kelvinkong608
Words 503
Pages 3
2.1 Innovation defined and possible reasons for new product and service developments
Firstly, innovation can be described as- a company creating and offering a new product or service, the idea can be new to the world but does not necessarily need to be, it can be - a new product line within the company, product improvements within the company, new to the company altogether, a new addition to the existing market, an existing product diversified to serve new markets or an amalgamation of some or all of these. (Crawford, 1994; Ansoff, 1987 cited in Haq, Wong & Jackson, 2008). Managers of festival organisations need to- embrace, develop and implement innovative practises if they are to stay ahead of competition, sustain the future of the festival and to avoid failure. Changes in the market, emerging problems and the inevitable challenges that exist within the festival life cycle need to be counteracted with new, innovative ways of delivering the festival (Carlson et al, 2010). Furthermore, Bessant and Tidd (2011) postulate that innovation is the ‘most important characteristic associated with success’ and that those companies that ‘gain market share and increase profitability are those that are innovative’. The Director of the Edinburgh International Science Festival is aware of how important innovation is when competing with other organisations stating-
‘Product and service innovation give you competitive edge in most market places and it is certainly true of ours. The knack is to know what is the right sort of innovation you need and to do it well’ – Gage (2012).
The Edinburgh International Science Festival (2012) mission statement is to: ‘inspire, encourage and challenge people of all ages and backgrounds to explore and understand the world around them’. Through researching this charity organization there has been extensive evidence of innovative practices both

Similar Documents

Premium Essay

Japanese Economy

...Introduction In this assignment I will talk about Sony Corporation the company was founded in 1946 by Masaru Ibuka and Akio Morita. The two founders are great leaders and have contributed to great ideas within the company where they have built an empire worth $60 billion. With the headquarters based in Tokyo Japan, Sony is based amongst the top 5 most successful and largest companies to date. As one of the top leading electrical manufactures of products, Sony is famous for products such as, The Walkman, television sets, Sony Ericsson mobile phones, dvd/blu ray players, digital cameras and the very popular games consoles PS1, PS2 and PS3. Sony Corporation is well known all over the globe and it is successful as it is in Japan in America and Europe alone, in 2011 it was reported that Sony’s revenue was a good $86billion with a net income of $2.64billion. Sony Corporation is divided into 4 departments, Sony music entertainment, Sony pictures entertainment, Sony computer entertainment and Sony financial. Each department makes sure that they produce the best services and products for the consumers with unique marketing Ideas. Sony is very good at what it does today. Identify and describe the key practices in their business management Japanese economy is very popular in the world today the free market is ranked very high in the largest economies in the world today. Since the declining of the economy, Japan has broken out of its bad economical state where now every year the economy...

Words: 2934 - Pages: 12

Free Essay

Aaaasssddfgghh

...How should Mercy Corps decide which functions should be performed by the operating units and which functions should be the responsibility of headquarters? What should drive these decisions? Mercy Corps is a adaptive organization as Logistics,-cntral Planning Training- Centrl as it newly Hirerd resources require development and support before they are ready to take responsibilities in the field Communication- The standard practises and guidelines of communication should be centralized so that people across the organizations communicate in a standardized manner and there would be less ambiguity in communication for eg. People were copying multiple names in email and not getting required answers because it was ambiguous to whom the email was addressed. Also this would help in increasing communication between different operational units and the headquarters. This practises can be communicated via messages through digital library to collect and make available the key organization documents consolidating and refining innovations, so people know whom to address their problems and questions, roles-responsibility and lines of authority and reporting organizational chart for guidelines by central so that field staff can access goals, objectives and activities, activities for the programs whehther they are meeting their objectives in line with the organizational goals and design, monitor and evaluate programs. In this manner employees in the field staff wil not be overloaded with...

Words: 875 - Pages: 4

Premium Essay

Case Studies

...30 GOOD PRACTICE CASE STUDIES IN UNIVERSITY-BUSINESS COOPERATION PART OF THE DG EDUCATION AND CULTURE STUDY ON THE COOPERATION BETWEEN HIGHER EDUCATION INSTITUTIONS AND PUBLIC AND PRIVATE ORGANISATIONS IN EUROPE EUROPEAN COMMISSION Directorate-General for Education and Culture Directorate C: Lifelong learning: higher education and international affairs European Institute of Innovation and Technology; economic partnership Public open tender EAC/37/2009: CONTENTS CONTENTS INTRODUCTION Scope of report Introduction to UBC Elements in the UBC Ecosystem 5 5 5 5 AIMS & METHODOLOGY Introduction Objective Process for selection Basis for selection Countries considered in the selection of the cases Case study partners 7 7 7 7 8 8 9 CASE STUDIES Case study key insights Classification of countries Nature of case study Case study quick-find 10 10 12 12 13 NORTHERN Europe Case 1: SEA, Denmark Case 2: ETM, Estonia Case 3: Demola, Finland Case 4: REAP, Ireland Case 5: Mobility at UL, Latvia Case 6: CSE, Sweden Case 7: SMIL, Sweden Case 8: SPEED, UK Case 9: IDI/Digital City, UK Case 10: Acua Limited, UK 18 19 25 30 35 41 46 52 57 63 70 76 80 84 90 96 EASTERN EUROPE Case 11: GIS, Bulgaria Case 12: TTO Pécs, Hungary Case 13: The Science and Economy Project, Poland Case 14: WCTT, Poland Case 15: Q-PlanNet, Romania 75 1 © Science-to-Business Marketing Research Centre CONTENTS SOUTHERN EUROPE Case 16: MUHC, Malta Case 17: PNICube...

Words: 60370 - Pages: 242

Premium Essay

Modern Management & Cultural Intelligence

...intelligence delicately can assist exploring endless resources, hidden in the social communication of the sophisticated nature of business. As every individual is inherited with different education, experiences and culture, accompanied by advantages and divergence, it is only necessary to properly manage them. Leaders should prompt to achieve the target goal by means of global cultures based on modern management capacity as well as religion, social customs: innovative management models based on integration of diverse culture: and adjusting existing practising principles with varied culture. Even though the development of all these approaches are some of the characteristics of each manager reflecting mutual understanding, inspiration and innovation, most of them heavily rely on the cultural quotient. In brief, beliefs, values, perceptions, expectations, attitudes and assumptions derived from IQ and EQ are on the other hand, getting along with Cultural Intelligence occurred in his or her social environment of regional, national, economic and livelihood. In general, culture is mainly concerned with beliefs and values, of individuals and groups, based on definitions of people’s behaviour and experiences. A widespread simplification of the meaning is that culture is a common tradition accepted by majority of the people in a particular social environment or a communication bridge which portrays the ability to understand on a specific experience. People...

Words: 1465 - Pages: 6

Premium Essay

Industry Sector Case Analysis

...|Module Code | | | |Assignment Sequence | |2 | | | |C | |O | |M | |P | |3 ...

Words: 3647 - Pages: 15

Premium Essay

Dansui

...power of suppliers is low because Starbuck already control as much of the supply chain as possible in market. Starbuck get highest-quality coffee in world, that sourced from the Africa, Central and South America and Asia- Pacific regions. It is because Starbuck have various suppliers so that they can negotiate with a reasonable price. Starbuck tak perlu resau tentang utk mdpt bekalan bahan mentah, jika salah satu supplier mereka tidak mau membekalkanya.ini adalah kerana starbuck mempunyai pilihan lainh utk suppy mereka bmentah. PROBLEMS Product innovation New products were launched on a regular basis for example, Starbucks introduced at least one new hot beverage every holiday season, but its seems not meet their customers satisfaction. Refer to Exhibit 10, customers that satisfied with new and innovation beverages only shows 2nd last lowest percentage that is 13%. Its shows that customers not interested with new product innovation. The new product development process generally operated on a 12 – to- 18 month cycle, during which the internal research and development ( R&D) team tinkered with product formulations, ran focus group, and conducted in-store experiments and market tests this is...

Words: 908 - Pages: 4

Premium Essay

Organisational Strategy, Organisational Culture and Hrm

...Introduction While the Industrial Revolution first brought about the need for organised workforce management, the ideas and approaches put forward by theorists over the past century can be seen, albeit refined and developed, in modern people management literature and practises 3 | Page today. Models such as Pfeffer’s set of best practises echo of Taylor’s “One Best Way” and scientific selection of people, and welfare theorists such as Robert Owen and Elton Mayo’s recognition of the need for, and benefits from, improved working conditions and motivation can be seen as the origins of organisational culture and motivation theory. Just as each theory reflected the influencing environment of its time, both internal and external, the political, social, economic and other changes of the past 20 or so years, has evolved people management to where human resources management (HRM) is today. Over this period, the global and local business environment has prospered and suffered, industry and organisations have grown and retrenched, and against these backdrops, ideas on what approach best yields superior employee/organisational performance has evolved, with HRM the widely supported approach in today’s business environment. The popularity of HRM rose from US theorists in the 1980’s such as Storey, whose “ideal type” of HRM pinpointed 27 differences (Appendixes 1) between the personnel management role, “essentially an administrative...

Words: 3393 - Pages: 14

Premium Essay

Business Management

...Business Man 1 Intro to Bus Man as science - Study Unit 1 & 2 Man science uses a scientific approach to solver many problems. Used in variety of orgs to sove different types of problems. Encompasses a logicical mathematical approach to problem solving 1.1 Man science process • Observation - Identification of a problem that exists in the system or organization. • Definition of the Problem - problem must be clearly and consistently defined showing its boundaries and interaction with the objectives of the organization. • Model Construction - Development of the functional mathematical relationships that describe the decision variables, objective function and constraints of the problem. • Model Solution - Models solved using management science techniques. • Model Implementation - Actual use of the model or its solution. 1.2 Factors of production Natural resources i.e. crude oil Capital i.e. investors Labour i.e. technical and academic Entrepeneurship i.e. takes capital and link labour and natural resouces combined with risk to provide goods and services. Knowledge i.e. to determine wants and needs quickly and to respond to them with products and services. 1.3 3 Most NB Economic systems = Capatalism, Socialism and Communism 1.3.1 Capatalism Free market system Built on principles of private ownership Is based on the right to make a profit, right to compete and the right to own property. System is market driven and the solutions to a country's economic problems...

Words: 9542 - Pages: 39

Premium Essay

Human Resource Management In India

...It was initiated during the 1990s, and it became more famous in the 2000s (Lee, 2009). Today, not much detailed research is available in GHRM, but the environmental management and green initiatives were existence over the period of the past two decades. The significant figure of literature surveys explained the relationship between HR practices and organizational issues such as productivity and financial performance (e.g., Collins and Clark, 2003, Abdul Hameed Aamer Waheed (2011), Anu Gupta and Devina Upadhyay (2012), Anitha J (2014)). Laursen and Foss (2003) have not more concentrated on relating these outcomes to innovation performance and environmental management initiatives (Renwick....

Words: 960 - Pages: 4

Premium Essay

Managing Improvement

...Managing Improvement Understand the Effectiveness of the Organisation and own Ability to Manage and Improve Quality to Meet Customer Requirements Critically assess the organisations effectiveness in managing quality to meet or exceed customer requirements There are several Welsh Government legislative guidelines that influence quality within healthcare at both strategic and ground level. Everyone who works in or for the NHS is there, first and foremost to serve the public. Therefore, everyone at every level has a part to play in driving up standards of safe, effective, patient-centred care. The consistent delivery of safe, high quality care relies on contributions from a wide range of organisations, individuals and stakeholders. The Welsh Government’s, Achieving Excellence: The Quality Delivery Plan for the NHS in Wales (2012/2015) sets out their ambitions for achieving excellence in Welsh Healthcare by 2016. Their vision is for a quality driven NHS, focused on providing high quality care and excellent patient experience. These standards “are key to underpinning the vision, values, governance and accountability framework for the new NHS Wales” and are seen as a key tool, alongside the guidance from the 1000 Lives Quality Improvement Campaign and other initiatives in helping to drive up clinical quality and patient experience. The aim is been to map the quality standards more closely with service specific and professional standards and quality requirements such as the...

Words: 3597 - Pages: 15

Premium Essay

Abcd

...Presented information is tentative for 2008 KOÇ UNIVERSITY MKTG 450-Selected Topics in Marketing Sales Management Fall 2008 Instructor: Ayten Kök Office: CASE Building-156, Phone: 338 1451, Email: akok@ku.edu.tr Office hours: Monday and Wednesday 15:30-16:30 or Friday by appointment Prerequisite: MKTG 201 Course Objectives and Overview Sales management which can be defined as the planning, implementing, and control of programs designed to achieve the sales and profit objectives of the firm is the focus of the course. The course is concerned with how to manage a salesforce rather than how to sell. It aims to familiarize students with sales management concepts and to show examples of their application for the solving of business problems. The relationship of sales management with other marketing activities and how strategy drives tactics are shown. Case studies which indicate that sales management is concerned with strategic decision making along with carrying out of marketing programs will be worked out. A good understanding of the role of the sales executive in the design and development of corporate marketing programs will be provided. The course uses the lecture-case method. Important Course Policies/Procedures University rules and policies on academic honesty will be strictly enforced. The students are required to attend the course section for which they are registered. Regular and timely attendance at all class meetings is expected...

Words: 1045 - Pages: 5

Premium Essay

Apple Case Study

...Strategic Appraisal of Apple Inc. Managing Strategy Course Tutor: Mr William Edward Hearne Introduction The intention of presenting this report is to give a full strategic appraisal and evaluation of Apple Inc. In 1976, the company was founded in a garage in Santa Clara, California. The American multinational corporation mainly involves in designing and marketing consumer electronics, computer software and as well as personal computers. Differentiation is the current strategy position of Apple Inc. There are five main firms in the PC industry and among them; the world’s leading brand is Dell. Apple’s major target is to sustain their present strategic position and to take over the market position as a leader. The key stakeholders include Steve Jobs, employees, lenders and the government. Apple markets Apple’s industries  Person computers  Person media   Africa  North/South America   Desktops IPad I phone  Apples markets  Asia and Middle east  Europe  IPod Apple store  Notebooks Apple services  iTunes Apple’s products  Laptops Mission statement Apple’s mission statement is to become a leader in providing simple, powerful, high-quality information products and service for people who learn, communicate, and create. External and internal analysis In order to identify the major threats and opportunities faced by Apple, conducting an external analysis is very important. The models that are going to be used include; PESTEL analysis, Porter's 5 forces and...

Words: 4817 - Pages: 20

Free Essay

Facilitator Notes

...Faculty Development CLINICAL TEACHING SKILLS: A GuIdE for fACILITATorS Notes for facilitators www.londondeanery.ac.uk CLINICAL TEACHING SKILLS: A GuIdE for fACILITATorS NoTES for fACILITATorS INTroduCTIoN To THE NoTES for fACILITATorS This course has been designed to enable clinicians to learn how to apply education theory to their own clinical and teaching practice. The course uses participatory approaches which encourage collaboration and reflection among participants, enabling key challenges for clinical teaching to be explored and strategies to address challenges to be identified. THE fACILITATor roLE It is essential that this role is one of facilitation and not that of a lecturer. It is not essential to have expert knowledge of the topic. What is essential in a facilitator of this workshop are the following. • A robust understanding of clinical teaching practices. • Knowledge of clinical teaching theory. AbouT THIS GuIdE The purpose of this brief guide is to help you facilitate the clinical teaching skills workshops. Contained within it should be all the information that you need to run the workshop on the day. The notes contain copies of the slides that are provided with the course. The slides and notes suggest approaches to sessions. However, you may decide not to use some of the slides and may use instead slides or activities that you develop for individual sessions. • The ability to draw effectively on the experience within the group, in...

Words: 6570 - Pages: 27

Premium Essay

Enron Question 3 Analysis

...book, Kenneth Lay came across as an intelligent, responsible leader with a good head on his shoulders. Lay said that he was fully exposed to not only legal behaviour but moral and ethical behaviour and what that meant from the standpoint of leading organisations and people. Lay also wrote in an introductory statement to the revised Enron Code of Ethics that they (officers and employees of Enron Corp.) were responsible for conducting the business affairs of the companies in accordance with all applicable laws and in a moral and honest manner. Lay mentioned that the Enron enjoyed a reputation for being fair and honest and that the company was highly respected. Jeff Skilling, on the other hand, implemented a very rigorous and threatening evaluation process for all Enron employees. Known as the “rank and yank” – this process was aimed at getting rid of the lowest ranking employees – probably an attempt to get rid of all the bad apples. But this too backfired when employees intentionally ranked peers lower to enhance their own position and ranking. So with leaders like these, who harboured only “good intentions” for the company… Enron was sure to be headed for success. Along with Enron’s ethic codes based on respect, integrity, communication and excellence; Enron looked like an excellent corporate citizen, with all the corporate social responsibility (CSR) and business ethics tools and status symbols in place. A company heralded as a paragon of corporate responsibility and ethics...

Words: 1013 - Pages: 5

Premium Essay

Enron Question 3 Analysis

...book, Kenneth Lay came across as an intelligent, responsible leader with a good head on his shoulders. Lay said that he was fully exposed to not only legal behaviour but moral and ethical behaviour and what that meant from the standpoint of leading organisations and people. Lay also wrote in an introductory statement to the revised Enron Code of Ethics that they (officers and employees of Enron Corp.) were responsible for conducting the business affairs of the companies in accordance with all applicable laws and in a moral and honest manner. Lay mentioned that the Enron enjoyed a reputation for being fair and honest and that the company was highly respected. Jeff Skilling, on the other hand, implemented a very rigorous and threatening evaluation process for all Enron employees. Known as the “rank and yank” – this process was aimed at getting rid of the lowest ranking employees – probably an attempt to get rid of all the bad apples. But this too backfired when employees intentionally ranked peers lower to enhance their own position and ranking. So with leaders like these, who harboured only “good intentions” for the company… Enron was sure to be headed for success. Along with Enron’s ethic codes based on respect, integrity, communication and excellence; Enron looked like an excellent corporate citizen, with all the corporate social responsibility (CSR) and business ethics tools and status symbols in place. A company heralded as a paragon of corporate responsibility...

Words: 1013 - Pages: 5