...Summary Jordan Cohen, a senior director at the global pharmaceuticals company Pfizer, realized that a lot of skilled employee time was in effect “wasted” on routine tasks such as using Excel and PowerPoint and doing basic research. The PfizerWorks team managed to do what many consider an impossibility to devise a successful innovation from the bottom up in a big company. It was possible because Mr. Cohen already had years of experience in the company, so he could understand and navigate general company politics. Lone, obsessive geniuses may do well in a garage start-up but, in big companies, to make innovation happen, the manager first needs to embrace both the corporate machine and the people in it. On a personal level, Mr Cohen had a keen grasp of his shortcomings and knew when to recruit different thinkers for his team. He understood the iterative nature of the innovation process, accepting that nothing is perfect in the beginning. As a result, while Mr Cohen did run some personal risks in undertaking such a project in this way, he minimized the risks through a careful management of the various stakeholders and created his dream job as head of PfizerWorks. Discussion question 1. Pfizer is the world’s largest research-based pharmaceuticals firm and also a well known Pharmaceutical company. So their most of the work depends on research, developing Strategies and innovate. They were trying to find a new way of system...
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...Purpose HCL Technologies provide a range of outsourcing services, business process outsourcing, and infrastructure services. The purpose of this paper is analyze trends and economic forces that impact changes in the global marketplace, analyze the impact of market trends in driving innovations in organizational, structure, culture, and process, and also to analyze leadership in relation to the effectiveness of general management planning and decision making. Majority of my information will come from HCL Technologies case study with Nayar’s insights about the subject. Analyze trends and economic forces that impact changes in the global marketplace. The product that HCL Technologies sells is a service that customers use to make their business better. Staying with the latest trends is very critical in a service based business like HCL Technologies. The first trend I would like to talk about is Technology trends. Technology trends can drive innovation and influence decision making in the IT service industry. According to Hickman (2010)" Developments in technology lead to new products and services and improve how they are produced and delivered to the end user. Innovations can create entirely new industries and alter the boundaries of existing industries." A future trend that will spread rapidly in the IT industry will be Cloud Computing. There will soon be away a business can obtain and maintain software, hardware, and computing capacity. According to the Nayar Case study...
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...advertisements broadcast accordingly. The technology was developed by IMRSV (formerly Immersive Labs), which offers the Cara software: a tool that turns any camera or webcam into an intelligent sensor. * - FaceDeal: the end of loyalty cards Why congest loyalty cards when you can identify customers from their faces? FaceDeal, a solution imagined by the laboratory RedPepper agency offers a loyalty program linked to Facebook. Cameras are filming people that enter in a store and links to Facebook photos to recognize individuals who have joined the program. They then receive targeted offers by SMS, according to their habits. 2. Facial recognition has some sense if it is used to improve the security of something. For instance, the police uses it to enhance the national security, allowing to diminish the number of crime to 37%. Another advantage is the...
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...Pedro Colorado Technical University Online MGM25-1204B-02 BENJAMIN MOORE PAINT COMPANY Executive Summary Organizational Change is a change within a company’s thinking which leads to either product or process innovation. Organizational change can be inspired by a change of leadership or an opportunity to produce your product in a cleaner, safer manner, or if a service provided can be done with less waste or damage to the surrounding environment. Through organizational change a company can grow and become what the leaders inspire the company to be. Over the last five years the Benjamin Moore Paint Company has gone through a change an organizational change. There goals to eliminate VOCs from their products has led them to the top of the industry, a topic that is covered in this strategic plan. The change has been tumultuous, but the reason for change (a safer, healthier, “greener” product) has inspired all of Benjamin Moore Paint Company’s employees to embrace the change and strive for innovation. This innovation has lead the Benjamin Moore Paint Company to receive the JD Power and Associates award two years in a row for the best interior paints. This has proven that the strategic plan outlined in this report is working and will continue as long as innovation is a part of Benjamin Moore Paint Company’s culture. BENJAMIN MOORE PAINT COMPANY Benjamin Moore Paint Company’s Mission Statement Benjamin Moore established his painting company in1883, (Benjaminmoore...
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...Tourism Management journal homepage: www.elsevier.com/locate/tourman Progress in Tourism Management A review of innovation research in tourism Anne-Mette Hjalager University of Southern Denmark, Niels Bohrsvej 9-10, DK-6700 Esbjerg, Denmark a r t i c l e i n f o Article history: Received 27 January 2009 Accepted 31 August 2009 Keywords: Innovation Innovation systems Knowledge Clusters Policy a b s t r a c t Over the past two decades, there has been increasing focus on the topic of innovation in tourism. This article reviews the research contributions. Various categories of innovation – product, process, managerial, marketing and institutional – are addressed. Important determinants of innovation are acknowledged, including the role of entrepreneurship, technology push and the existence of territorial industry clusters. Representation of knowledge is also identified as a critical factor for both the occurrence and nature of innovations. The review reveals that there is still only limited systematic and comparable empirical evidence of the level of innovative activities and their impacts and wider implications for destinations and national economies. An agenda for future research is emerging, suggesting that there is quest for both formal quantification and for qualitative studies of the foundations, processes, implications and policies of innovation in tourism. Ó 2009 Elsevier Ltd. All rights reserved. 1. Introduction Throughout history, tourism has been a phenomenon...
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...Technological innovation than to one individual’s heroic achievements, we may not be Aware of our heroes, but we do have them. Assignment: Is it possible to be a hero in the modern world? Hero exists. Hero evolves. Large or small, strong or weak, tactful or stubborn, they are always around. Modern heroes are not known for extraordinary physical strength or valor, yet modern heroes abound in today's world. In our era and more than anytime before, every single citizen can champion, and every single person can choose to be a hero; he is doctor, teacher, policeman, or President of a country, big or small. We do have heroes such as Steve Jobs and Bill Gates. Juggernauts of the technological world, they are responsible for many technological advances. Yet Mr. XYZ, Susie and Joe, millions of people you are unheard of yet fully actively live around you, do make contributions just as significant. Without them, we won’t be able to enjoy our lives as we do now, including water from that tap, bread on our tables, cozy reading on our beds late in the night, and etc. I remember that the Time Magazine's person of the year one of the years before had been "You.", the solid you including you and me and every one around ourselves. This reflects our era, showing the belief that everyone in modern society is a hero who should be admired for their noble achievements. For example, doctors all over the world save many lives each day. To the patient being treated, the doctor is a small hero. Police officers...
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...begun to understand the effects of overstimulation while online education is a great idea, online gaming and over exposure to a screen maybe more debilitating than aiding. Parents have begun to think twice before sticking their kid in front of a TV with a remote in their hand. This leads into another reason why technology maybe effecting our overall health in the medical field vs while at home. Furthermore, Technological innovations have changed the medical fields and contributed to people living healthier lives. With fitness bands like the Fit Bit, Nike Fuel Band, etc. As Rick, Bird reiterates in his article “Innovations in Healthcare”, ““It’s unique to have a training lab in an outpatient setting,” Tobler says. “Surgeons can come to see this all in one spot, learning the technology and seeing a live surgery”” (96). It widens the learning experience and has helped in better care for people that would not be possible without modern, innovated 21st century technology. It has opened up new scopes in the way interpreting and learning. In addition to innovation in the medical field it has also contributed in people to become more health conscious. People are able to track if they are getting enough steps within a day or achieving fitness goals just through a band that is worn on the hand. In contrast, technology may be aiding in a better, healthier life other may abuse it more than usual causing an opposite affect and making more people sick than better. A majority of people have...
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...with four analytical tools that promise to help firms find and exploit untapped markets, the authors offer a step by step approach, comprised of six principles, on how to break away from the competition of red oceans and execute a blue ocean strategy. They show how and why a blue ocean strategy leads to a market where competition is - for a time - obsolete. Each principle is explained and supported by real world examples from such companies as Ford, Cirque du Soleil, Dell Computers, Casella Wines, and even the New York City Police Department. The chart, figure 1, illustrates both the concept of blue ocean strategies, and the organization of the book, Blue Ocean Strategies. Lady using a tablet Professional Essay Writers Get your grade or your money back using our Essay Writing Service! ESSAY WRITING SERVICE The first part of the book explains what Kim and Mauborgne call the cornerstone of Blue Ocean Strategies: value innovation. Value innovation is basically a leap in value that makes current competition irrelevant. Whereas value alone merely extends the value...
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...THE PDMA HANDBOOK OF NEW PRODUCT DEVELOPMENT T HIRD E DITION Kenneth B. Kahn, Editor Associate Editors: Sally Evans Kay Rebecca J. Slotegraaf Steve Uban JOHN WILEY & SONS, INC. Cover image: © Les Cunliffe/iStockphoto Cover design: Elizabeth Brooks This book is printed on acid-free paper. Copyright © 2013 by John Wiley & Sons, Inc. All rights reserved Published by John Wiley & Sons, Inc., Hoboken, New Jersey Published simultaneously in Canada No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 646-8600, or on the web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 7486008, or online at www.wiley.com/go/permissions. Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with the respect to the accuracy or completeness of the contents of...
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...“INVENTION AND INNOVATION FOR SUSTAINABLE DEVELOPMENT” Report of a workshop sponsored by the Lemelson-MIT Program and LEAD International, London, November 2003 THE LEMELSON-MIT PROGRAM School of Engineering Massachusetts Institute of Technology 1 Workshop Participants ____________________________ Julia Marton-Lefèvre, Chair, LEAD International, UK Merton C. Flemings, Vice-Chair, Massachusetts Institute of Technology, USA Evan I. Schwartz, Rapporteur, Author and Independent Journalist, USA Shereen El Feki, The Economist, UK David Grimshaw, Intermediate Technology Development Group, UK Pamela Hartigan, Schwab Foundation for Social Entrepreneurship, Switzerland Ashok Khosla, Development Alternatives, India Ehsan Masood, LEAD International, UK Penelope Mawson, LEAD International, UK Nick Moon, ApproTEC, Kenya Adil Najam, Fletcher School, Tufts University, USA Julia Novy-Hildesley, Lemelson Foundation, USA Anna Richell, Design Council, UK Ammon Salter, Imperial College London, UK Eugenio de Motta Singer, ERM, Brazil Rory Stear, Freeplay Energy Corp., UK Zhang Lubiao, Institute of Agricultural Economics, China 2 Foreword This draft document comprises Recommendations and a Summary of the discussion from a workshop held at the secretariat of LEAD International in London in November 2003, as part of a larger study on invention and inventiveness. The study will culminate in an “Invention Assembly” in Washington D.C. in April 2004. The study is supported by the Lemelson-MIT...
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...Innovative Business Practices Innovative Business Practices: Prevailing a Turbulent Era Edited by Demetris Vrontis and Alkis Thrassou Innovative Business Practices: Prevailing a Turbulent Era, Edited by Demetris Vrontis and Alkis Thrassou This book first published 2013 Cambridge Scholars Publishing 12 Back Chapman Street, Newcastle upon Tyne, NE6 2XX, UK British Library Cataloguing in Publication Data A catalogue record for this book is available from the British Library Copyright © 2013 by Demetris Vrontis and Alkis Thrassou and contributors All rights for this book reserved. No part of this book may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the copyright owner. ISBN (10): 1-4438-4604-X, ISBN (13): 978-1-4438-4604-2 TABLE OF CONTENTS Chapter One ................................................................................................. 1 Knowledge Hybridization: An Innovative Business Practices to Overcome the Limits of the Top-Down Transfers within a Multinational Corporation Hela Chebbi, Dorra Yahiaoui, Demetris Vrontis and Alkis Thrassou Chapter Two .............................................................................................. 17 Rethinking Talent Management in Organizations: Towards a Boundary-less Model Carrie Foster, Neil Moore and Peter Stokes Chapter Three .......
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...Case study An analysis of 3M, the innovation company Introduction Any review of the literature on new product development and innovation management will uncover numerous references to 3M. The organisation is synonymous with innovation and has been described as ‘a smooth running innovation machine’ (Mitchell, 1989). Year after year 3M is celebrated in the Fortune 500 rankings as the ‘most respected company’ and the ‘most innovative company’. Management gurus from Peter Drucker to Tom Peters continually refer to the company as a shining example of an innovative company. This case study takes a look at the company behind some of the most famous brands in the marketplace, including Post-it® Notes. It examines the company’s heritage and shows how it has arrived at this enviable position. Furthermore, the case study attempts to clarify what it is that makes 3M stand out from other organisations. Background Originally known as the Minnesota Mining and Manufacturing Company, with its headquarters in St Paul, Minnesota, 3M was established in 1902 to mine abrasive minerals for the production of a single product, sandpaper. From these inauspicious beginnings, the company has grown organically, concentrating on the internal development of new products in a variety of different industries. The latest review of the company’s position reveals that it manufactures over 60,000 products, has operations in 61 countries, employs 75,000 people and has achieved an average year-on-year growth...
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...Running head: INNOVATION LEADERSHIP Innovation Leadership Russell L. Dykes Bellevue University Abstract Innovation leadership is all about facilitating and empowering others in order to help their creativity thrive. In order to be a leader of innovation, the manager must facilitate the innovation of others by providing the space, equipment, networks, partnerships, and environment that allows their creativity to flourish. The innovation leader must toward establishing a culture of innovation realizing that innovation work requires a team. Innovation cannot be conceived, developed, and delivered by just a single individual. Innovation Leadership Contrary to the beliefs of some, innovation leadership is not project management. Neither are the processes of innovation leadership the same as those of being an inventor. Innovation leadership is about creating the context and environment for innovation to occur. This involves creating and implementing the roles, physical space, partnerships, networks, decision-making structures, and equipment needed to support innovative thinking. Innovative leadership is not about being the one with the best and brightest ideas. Rather, it is about facilitating and empowering others in order to help their creativity thrive (Malloch & Porter-O’Grady, 2009). Quantum leadership can tolerate uncertainty and disorder, and can create a flexible structure based on self-organizing. Creative disorder brings...
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...Giant Warrick L. Farr MGT-330 09-01-2011 Professor Alice Nworah Halliburton the Energy Giant Halliburton has proven that it wants to stay in business for many years. Since the inception of the company in 1919, Halliburton has spent billions on new technologies. According to Halliburton (2011), “in 2009, Halliburton spent approximately 349 million dollars on technology research and development. The result from this technology granted Halliburton with 219 patents in 2009 alone. Halliburton currently has technology centers located in Belgium, Canada, Singapore, United States, and the United Kingdom. According to (2011), “Halliburton recently opened a new technology center in April 2011, at the Federal University of Rio De Janeiro. Innovation is what sets Halliburton apart from its competitors”. This center will provide solutions that they can implement to accelerate deepwater field development and continue enhancing production from the mature oil fields. Management has also paved the way to introduce these new technologies into the college campus in Houston, Texas. Halliburton has established a program named Camp Red, which is an elective course at the University of Houston. This course is worth three credit hours to primarily senior level engineering technology students. This program is comprised of a five day camp of 23 students and three professors. The week included projects that challenged the student’s technical and creative skills, along the tours of rigs. At...
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...relationship between Innovation, Entrepreneurship and Economical development. Well, in my view the relationship between these terms can only be explained thru a virtue circle. All of these 3 terms rely on each other if for example you reduce tax rate the government will get more tax going in because more companies would want to move to that country with a low tax rate => increase in infrastructure which will stimulate even more companies to move over, which will stimulate the economical development to increase this all was proven by Ronald Reagan. How do you stimulate innovation? Well, there are many ways to stimulate innovation: 1. Education: thru education you can stimulate young minds to innovate create new creative ideas. 2. Subsidies/funds: For example Israel grants a huge sum of money to whoever wants to start their own business, when the company is doing well the Israeli government sells their shares with profit. 3. Infrastructure: This is probably one of the most important factors, these are for example railways, airports, ports,... All these are required for innovation and entrepreneurship. For example, China has been investing allot into its high speed trains this will stimulate Entrepreneurship and innovation. 1....
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