Brigeda Bonoan
OI/361
April 10, 2014
Dr. Rebecca Montano
Introduction Innovation and creativity have been known to go hand in hand when being applied to an organization with the intention of stepping ahead within an industry. When a business develops a strategic model, its strategy, processes, product, and service will be impacted by innovation and creativity. There are many benefits when using innovation in an organization. Reduced development costs can lead to a better bottom line in the long run. Along with utilizing advancements in technology, an organization can harness the already existing qualities it has in order to gain a better understanding …show more content…
Profitability measures and gauged in the process of each business review, drives for this important process is performance mapping. As the investigation continues the performance measure includes sales, products, and the success of new products including profitability. Success factors for each organization greatest focus aside from innovation prove to be profitability. If these companies did not emphasize the products and sales during the mapping process how successful would each company be in the …show more content…
The first plan of action is to pick an innovative plan that is suitable for the company. Toyota believes the best processes will produce the best results. Many try to imitate Toyota’s system of production or its alternative, Lean Manufacturing. Most improve their day to day procedures but few can tackle the proficiency and excellence attained at Toyota. The impact of innovation is made quite understandable when we look in any business and see how they handle the pressures of the ever so changing market. In an article for the Harvard Business Review, Steven Spear and H. Kent Bowen categorize certain features of Toyota 's corporate culture to help Toyota recommence, adjust and thrive. “One central tenet of this corporate culture is responsible for JIT and Toyota 's continuing success. That tenet is: All work processes are controlled, scientific experiments constantly modified and improved by the people who do the work.” (Spear & Bowen. 1999). This implicit, unrecognized certainty shows the increasing rise for business behavior and processes. Spear and Bowen identified four rules that pertain to such. Each rule originates from Toyota’s production process. If they are indeed factual, then there are no problems. When problems do occur, as shown by the signs, the process is fixed according to the responses.