Nypro Essay

1. How does the internal market for innovation at Nypro function?
R) Innovation at Nypro was a series of important decisions taking by the president and majority owner, Gordon Lankton, managers, teams, and engineers to work together and operate well the company and make some appropriate transformations. Innovation at Nypro was a process to change the internal market in terms of bringing new ideas, efficient discoveries and inventions, and modern structure and strategy to arrive at a new, modern, and effective form of operation. Gordon Lankton and the management thought about the future of Nypro, and they believe that the process of innovation must be the perfect ways to follow in changing the company. For example, management at Nypro changed
Lankton, as a specialist, president, and majority owner was a competitive person. This was the reason he believed in competition, and he allowed the aggressive rivalry among teams, and among plants. Lankton never believed in comparing individuals; he believed in exchanging ideas, motivating teams and employees, putting in place new structure, and encouraging growth rate in the benefits of the organization. Lankton had the capacity to allow the team and plants to share knowledge and results, and all results are displayed even good or bad. Gradually, people or employees left Nypro, and Lankton took appropriate measures to avoid this alarming situation. I think that higher turnover was not good for Nypro, and Lankton developed a stock program as incentives to retain respected workers. Lankton are linked teams and employees together with different specializations and expertise; this represented a big advantage for the organization in terms of better results and competitive advantage. For example, Nypro management paid the time of service, grade level, and the rate of performance. There were other possibilities for some employees to become stockholders; this was another form of rewards to retain top ranked