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Innovation Essay Examples

Patents and Intellectual Property

... Patent laws have more strength compared to the weaknesses depending on the issue of involved in discussion. Through patenting, the innovators and inventors are not only recognized as the owner of the emerging products but they also have various benefits such as financial gains to payback on the capital invested. However, the patent are only limited to 20 years, which in some cases is disadvantageous to products with weak marketing such as orphan drugs. However, government inter...

Siemens case

...Effective Sales Promotion and Distribution – The necessary framework and experience is possessed allowing Siemens to know how to best deal with sales promotion and distribution. They have a highly skilled work force that constantly work to strengthen this capability. Efficiency and Speed of Order Processing – Integrated IT systems allow for orders to be quickly and accurately processed and monitored allowing for the greatest efficiency and control. Speed of Distribution – The above descrip...

Philips vs. Matsushita: A New Century, a New Round

...As Philips success initially was in developing new products, though they were not able to successfully introduce them in the markets, this is an area they should exploit further. Also in this area they have capabilities that competitors do not possess. They need a better relationship and coherence between the NOs, PDs and the head quarter to be able to successfully introduce new technologies and products to the market. Also they need to make the whole company adopt the product and not just parts...

Coca-Cola Innovation Report

...Coca-Cola must push innovation to a higher level to remain competitive. Coca-Cola will stay successful by developing new products that cater to the market's changing expectations. If Coca-Cola does not promote innovation its sales will suffer and current product consumption will continue to decrease. Coca-Cola should develop a process to evaluate various ideas and determine which to support. This will ensure Coca-Cola is focusing its efforts on one strong idea instead of spreading its resources ...

Advantages and disadvantages of technology

...Technology today has made life better in modern society so much that people rely on it more than humans at times. Modern technology helps simplify life in so many ways such as communication like video chatting which is much more convenient. Another way technology helps people is in business, it helps boost efficiency and productivity in work area. Businesses have integrated modern technology in their production line, most of the hard work has become so simple and fast its results are better than...

Malunggay

...Then, it is followed by the Compatibility which means the measure of how well an innovation is consistent with existing social and cultural practices, if it is likeable, and whether it meets the need of potential adopters. On the other hand Complexity is the level to which the innovation is perceived to be difficult to understand or use. Another attribute is Observability which is used to describe how well the results of the innovation can be seen and communicated to others. And finally, Trialab...

Explain the Relationship Between, Entrepreneurship, Innovation and Economic Development

...http://www.referenceforbusiness.com/small/Di-Eq/Entrepreneurship.html#b. Last accessed 18/11/2012. Gina Colarello O’Connor (2000). Radical Innovation: How Mature Companies Can Outsmart Upstarts. Boston, Mass: Harvard Business School Press. p5. Herman E. Daly (1997). Beyond growth: Economics of Sustainable Development. N/A: Beacon Press; New edition. p13. Jeffry Timmons (1989). The Entrepreneurial Mind. Andover, Mass: Brick House Pub. Co., p1. Joseph Schumpeter (1989). The Theory Of Economic De...

Science, Technology and Innovation: Working Together for Growth and Development

...These three work together in the field of education. They’ve had all joined forces to become one so that they will be able to help the precious growth and development of youth. Since education is the stepping stone of the youth in attaining good future, their importance in schools cannot be ignored. With the onset of computers, it has become easier for teachers to impart knowledge, and for students to acquire it. They provide greater interest in learning. The use of modern technology has made ...

Leadership Case Study: Steve Jobs

...6. Since the passing of Steve Jobs, this seems to be a question that is on everyone’s mind, from employee to shareholder to customer. While it is a scary thought, something tells me that the passion and vision that Jobs was able to give to the organization in the last decade he worked their contributed to the current mentality of a lot of the current top level managers still working there. It has become an atmosphere at Apple that they should only create products that would be worthy of a Jobs...

Individuality vs Nationality

...While individuality impacts innovation, the importance of individuality can also be seen in the well-being of society. One may argue that nationalism promotes security and stability; however, this is not the case. Over history, rises of nationalism have often caused the uprooting of morals and the corruption of power. It manifests the feeling of unethical supremacy, which has been the driving force in calamities such as the Holocaust, slavery, and demeaning stereotypes. Rather than frowning upon...

Innovation

...Creativity leads to inventions. Innovation implements those inventions to create value. Creativity is also important for effective problem solving, and finding the best solution for the problem defined. That solution should be evaluated after implementation, because the process may need to be repeated. Innovation is necessary for competitive advantage at all levels, from individuals to nations. To internalize innovation, an organization needs to allocate time and seek diversity in their groups. ...

Change management simulation

...Beer, M. 1990. The Critical Path to Corporate Renewal. Boston: Harvard Business School Press. Beer, M., R. A. Eisenstat, and B. Spector. 1990. Why change programs don't produce change. Harvard Business Review (November–December): 2-11. Beer, M., and N. Nohria. 2000. Breaking the Code of Change. Boston: Harvard Business School Press. Kotter, J., and D. Cohen. 2002. The Heart of Change. Boston: Harvard Business School Press. Kanter, R. M., B. Stein, and T. D. Jick. 1992. The Challenge of Organiz...

Hewlett-Packard: Case Analysis

...Base on disruptive technology, Hewlett-Packard should keep the project smaller, and I would like to say Hewlett-Packard is supposed to look for an efficient way to work on disruptive technology. Hewlett-Packard was sort of creating customers’ demand instead of just make their customers satisfied that means everything of the whole new project was totally unknown. Unless Hewlett-Packard is absolutely confident, they should never give any possibility to the project that might impact the company....

Stage gate process

...If there was no wheels, people would have gone through extreme difficulties in many parts of everyday life and also industries. The very simple example in industrial part is transportation cost. Moving heavy cargo or materials from one place to another with out wheeled vehicle might be time consuming and also, inefficient to the whole industry it self. Also, in industry plants, people use wheels in many producing machines. In cases with everyday life, if there was no wheels that means that there...

“The Boeing Company: Moonshine Shop”

...‘Everybody listens to everybody’ and ideas are out in the open. c)Keeping track of the things that didn’t work. The moonshine shop team made a ‘wall of shame’. So as you go the way, you know exactly what went wrong and then next time not to repeat the mistakes. It saves time, energy, it build knowledge, expands the way one thinks and approaches task. It results in No fear of failure. To try out something, and is it doesn’t work, it can be changed real quickly. As long as it is a cont...

Over-dependence on technology

...Regardless of the theoretical basis for understanding the change, it is reasonable to assume that some degree of dependence on any technological innovation will inevitably occur if the technology provides users with some perceived, relative advantage over whatever system it supersedes. 5 This reliance is expected and necessary if the technology is to realize the potential for which it is designed. This fundamentally differs from overdependence on technology, in which those using technological in...

Is technology a blessing or a curse in australia

...Technology is also a curse. The new advancements of technology have caused major side affects on us humans and the environment. The first floor is that there is an increase of teenagers needed glasses to read and see. Another reason is that in our environment it is impacted a lot by the extra greenhouse gases, which are killing animals, destroying habitats and warming our world causing the polar ice caps to melt which increases the sea level. To use technology, now you need electricity and power...

3M's innovation process

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Technology leading to Obesity

...Parents must remember that our children are our future, and as such, they have the responsibility to teach them good habits to carry with them all their lives. The government should pass a law where a time period each day is not used on technology, or if it is, used in way to where you are exercising. This could give people time to work out or do something productive with their life. Instead of bragging about making it to level 30 on zombies, kids could say they learned the difference from a poi...

Bbva case study analysis

...Ramis-Pujol J. and Dröege H., 2011. Case study of Innovation at BBVA. ESADE University. P&G Open Innovation (2013) What is Connect+Develop? [online], P&G, Available from: < http://www.pgconnectdevelop.com/home/pg_open_innovation.html> [7 October 2013] Zhu H. et al., 2001. Demand-driven service differentiation in cluster-based network servers. In: INFOCOM 2001, ed. 20th Annual Joint Conference of the IEEE Computer and Communications Societies. Anchorage 22-26 April 2001. IEEE, 679 ...

Adidas strategy

...adidas’ goal is to be the leading sports brand in the world. One major lever to achieve this is the brand’s broad and unique product portfolio spanning from apparel and footwear for professional athletes to premium fashion. The company’s leading market position is built on its portfolio of strong brands like adidas, reebok, and TaylorMade. It allows adidas to address multiple consumer needs, exploit market opportunities from various angles as well as be less affected by one-dimensional mar...

Under Armour -- Industry Analysis

...2. Under Armour should focus on innovating their performance enhancing apparel and penetrating markets abroad to increase their sales outside of the US. If they wish to compete with Nike in the shoe sector they should take their time developing their shoe line to produce products that, like their apparel, also improve performance. Developing a shoe line that is unique to the company and that its consumers value is much more important than having a product out on the market to make a sale or simp...

Case Study- The Amazon of Innovation

...They have tried, and they have failed, but they have not given up hope, or given up the act of experimentation. They think outside the box, and deliver such products that they know will please the consumers. Their innovation clearly shows the doings of Moore’s Law, and their order fulfillments demonstrate the five components of information systems. Businesses should be more innovative, more willing to experiment, and have a better use of abstract thinking if they want to be as successful as th...

Technology in the 20th Century

...Few people today can appreciate the impact the advent of radio had on the late 19th and 20th century. Not only did it suddenly make it possible for a person to be heard from hundreds or even thousands of miles away without the use of a wire (quite an accomplishment in the first years of the century) but it was the center of family life through the end of the Second World War and into the doldrums of the fifties, when it was gradually replaced by that new-fangled contraption, the television. Toda...

Inside Dyson's

...After, for the rarity, at Dyson, several things are rare in this market to be begun with the design which has to differ from others allowing to be recognized. Then, colors are unique because they are new colors of police, the workers also because they are varieties of different workers with the very experimented, newly-graduated giving new ideas of innovative products ( fresh-thinkers). The rarity is also at the level of the innovation of all compartments (that is engineering, design or the both...

Technology Has Its Pros And Cons

...The creation of various portable technological devices has slowly ingrained the idea of instant gratification. Cell Phones let us keep in touch at all times virtually anywhere, it has created a mindset of instant gratification and that whenever we want pleasure it should be put immediately in from of us. Technology has had both benefits and drawbacks over the course of the last few centuries and the way it is being viewed, from a social aspect, has also changed. Whether society dictates technolo...

About BRU coffee

...BRU was known as master brand in serving coffee as they were able to give new aids to customers at every point on a regular basis. There one of the successful new product was the cappuccino packs. The new flavour was able to generate new thrust in the market and that help them to lead out the product in the market. The new flavours even encouraged hard-core tea lovers to try out these flavours and change their preferences towards the coffee. The best part was that these cappuccino was available ...

Samsung Vision and Mission

...As they have done for 70 years, they set their sights on the future, anticipating market needs and demands so they can steer their company toward long-term success. Integrity: Operating in an ethical way is the foundation of their business. Everything they do is guided by a moral compass that ensures fairness, respect for all stakeholders and complete transparency. Co-prosperity: A business cannot be successful unless it creates prosperity and opportunity for others. Samsung is dedicated to bein...

Philips Versus Matsushita Case

...Global knowledge transfer is important to provide basic foundation and technical support for innovations. Second, Matsushita should form cross-functional teams to investigate the local market. By employing a diversified profile of people, they can give findings or suggestions on various parts of operations like customer-relationship management, manufacturing, marketing, rather than just produce development alone. Lastly, they should recruit more local talents to stimulate the company culture as ...

Joline Godfrey and the Polaroid Corporation

...1. The market (external environment) is changing – evolving from film to electronic photography. 2. Sudbey as a corporate leader had a vision for Polaroid to reposition to a service orientation. 3. Project Odysseum was carried out mostly through informal structures and lost track in the end. 4. Polaroid lacked the formal structures to support innovation (e.g. financing, human resources, strategic guidance, etc.). 5. Changes are needed in formal structures (introduction of Project Management O...

Gore-Tex Case Study

...Some of the dangers of being too heavily focused on technology are, losing employees to competitors, creating products that can cost your organization to lose money if it is not selling, and the product being created could be too complicated for the targeted audience. When too many projects are going on based on technology the costs can become astronomical and can weigh down the company by tying up resources, both physical and monetary. Sometimes in developing more and more companies will lose s...

Canon strategic analysis case study

...From a variety of perspectives, Canon can indeed be regarded as successful. It effectively damaged the dominance of Xerox over the copier market, developing its market shares during the period. It also successfully diversified from being a camera company into a multinational, multi product company offering a range of high quality products to its global customers. The Canon brand name is well respected across the globe. Financially, the company recorded consistent growth in sales and profits over...

Necessity is the mother of invention

...Second future study is by searching more support from the expert opinion to help solve the limitation of unstable argument due to the meaning of research topic, which is too wide in general. The more researched findings of supported expert opinions can strongly help to support the argument and make the research become more reliable. This could be done by focus on the expert opinions that involve in the succession in each area of industry, medicine, and communication. The success of expert opinio...

My Dream Dinner Party

...Here, Mr. Jacques-Yves Cousteau would be helpful to tell us all about his underwater television and how this can be improved by Gates’ digital means. We also would like him to share to us some ideas that could lead to further inventions and technologies that can be used underwater. Finally, the president’s presence is very important since we would need his support not only for the spread of the new technological innovations but also for its use in the business world. It would be very fantastic...

New Product Development Process

...Now a day technology continues to change and create new opportunities and threats. Customer requirements and expectations continue to shift and create new demands. Old channels of distribution are becoming obsolete and new channels are opening new opportunities. Some competitors are falling by the wayside while others are surging to the forefront by making new and unexpected moves to gain advantage. The very structure of industry is changing. A key to success in this tumultuous environment will ...

Innovation at 3M Corporation

...The second option was a bigger risk. It was a personal risk for Rita and her results to the company. It was also a business risk for the Health Care Unit and the Medical -Surgical Division. The recommendation of evolution or revolution was a big challenge for all the levels of the organization. It would start with the Health Care Unit’s business strategy statement but it would not stop there. The new recommendation would imply to collaborate with other units. It would means probably to create ...

Smart SWOT Analysis

...When it comes to threats, extreme competition can lower Smart Communications’ profits, because competitors can tempt consumers away with superior products. The availability of substitute products troubles Smart communications’ ability to raise prices, because customers can easily switch to another product or service. Lastly, the government can increase Smart communications’ risk factors, because they can quickly change business rules that negatively affect Smart communications’ business....

IMNPD Individual Assignment

...Ali, Shameem (2012). New Product Design and Development [Online] Available from: http://www.slideshare.net/cadella49/new-product-design-and-development [Accessed: 21st January 2015] Archer, James (2015). Why Successful Companies Keep Investing in Ongoing Marketing [Online] Available from: http://forty.co/why-successful-companies-keep-investing-in-ongoing-marketing [Accessed: 21st January 2015] Barnes & Conti Associates (2001). Uncertainty and the Innovation Process [Online] Available from: h...

Has technology made children less creative?

...They did asked for nearly one thousand children whose age varies from eight to eighteen questions about their frequency of applying technology to daily life. Then, they tested them a quiz test about creation. According to the survey, the result indicates that those who use the technology usually are not able to answer the question ‘twenty functions of a pencil’ ; whereas others quickly respond to it with several answers such as tying one’s hair, killing, scratching when one is itchy. In ad...

The impact of entrepreneurs on the economy

...Dave is the founder of “Fanpop” where the fans of anything on Earth can share and interact with other people. One more thing that is synonymous between the two entrepreneurs is that they are operating their business using the least expensive tools that are instantly available to them. Connecting these entrepreneurs to the economy, I would say that conceptual economy enable the entrepreneurs to use both sides of their brain i. e. oth left as well as the right side as they are not just focusin...

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