Innovation in an Organization
Executive summary
Innovation is creating a new way to do something or creation of new products. The company’s goal for innovation will take ideas and create new ways to improve how the company will perform. Many companies today are in the process of change in attitude within the workplace environment in order to gain competitive advantages. Larger companies are looking at how smaller businesses innovate and use those as starting points for examples on how to innovate. As seen in smaller companies, their environments allow for innovation, creativity and are significantly more flexible.
First, an organization must provide the information and tools needed to allow each the ability to pursue solutions and take advantage of opportunities at their level of employment on workplace standards. Secondly, the workplace atmosphere that already exists needs to encourage individual initiative and allow mistakes and failures that occur in the process of being imitative to be viewed as progress in the organizational and personal quest for excellence.
Businesses that pursue innovation are more likely to generate growth. This company is moving forward with innovations in use of new technology of 3-D printing.
Selling points
According to the Fredonia group (2013), “…the world demand for 3D printing is projected to rise more than 20 percent per year to $5 billion in 2017." The majority of the demand will be in prototyping and professional design. The anticipation is for rapid growth to derive in consumer as well as production applications. Imagine the ability to change the creation of products with the use of 3D printing. Computerized prototypes can change instantaneously, and the prototype reprint is available immediately with the use of a pre-determined plan with the 3d program software. 3D printers also allow rapid design changes and help improve inventory management.
In the consumer segment, 3D printer pricing will drop and disruptive technology will drive a larger market for hobbyists for personal use.
Keys to success Our mission is to provide excellence in customer servicing to our clients worldwide that exceeds expectations in our capabilities to provide products and services expeditiously. The 3D printing will provide a means to delight our customers with faster delivery of new cards as an example for lost/stolen card products. Our global locations can expedite the use of the cards with activation quickly. There will be cost savings in that each location will not maintain stock of cards for use; instead they can use 3D high tech plastic printing with embedding chips in them to prevent fraud.
Securitization
Security of customer information is a high priority as our company does not want to have issues such as security breaches or other areas of criminal intent. “In September 2011, a gang was prosecuted after stealing over $400,000 dollars using ATM skimmers. The skimmer devices fit over an ATM machine and stole card information off of the unsuspecting ATM users. They created these with the use of high-tech 3D printers develop the skimmer overlays for the ATM machines look as realistic as possible” (Dawson, 2011). The chip technology provides declines in payment-card fraud, in the U.K. and Canada. Our company will use chip technology to ensure that there is no compromise of data information. Chip card technology uses a standard-size credit card plastic that is embedded with a chip and a traditional magnetic stripe. If a card is lost or stolen, the embedded microchip makes the card extremely difficult to counterfeit or copy.
Considerations
Provision to various locations for printing capabilities along with chip embedment is still in development stages. The boards of directors along with other venture groups are willing to support funding to gain competitive advantage over other credit card companies.
This capability is not an inexpensive venture as “…chip-enabled cards cost six to eight times as much as traditional magnetic-strip cards” (Lawrence, 2014). The personalization of cards will drive cost up over 300%, however, the consumer demands protection which makes this a worthwhile cost to add to the enterprise. There are "…roughly 1 billion cards manufactured in the U.S. each year, the total in additional spending comes to about $1.7 billion. He estimates that only 7 percent of financial cards in use, in the U.S. today have chips" (Lawrence, 2014).
Systems Implementation Strategy
The project charter and analysis are underway at this time. The anticipation for the project implementation will be in each market area in many phases. The first market to implement as a six month pilot will be in Canada/United Kingdom as the chip technology is currently available and the addition of the 3D print technology implementation is an added benefit. Additional market releases will be Mexico, Asia and the United States concurrently every six months post a successful pilot implementation is complete. Technology support teams worldwide engagement timeframe will be approximately one year for the installation of each market. Quality assurance and system review will be ongoing to provide updates as well as advising of any potential issues/concerns that may arise. References

Daw, D. (2011). Criminals Find New Uses for 3D Printing. Retrieved from http://www.pcworld.com/article/241605/criminals_find_new_uses_for_3d_printing.html
Lawrence, D. (2014). Hack-Resistant Credit Cards Bring More Safety—at a Price. Retrieved from http://www.businessweek.com/articles/2014-02-14/hack-resistant-credit-cards-bring-greater-security-at-a-big-price.