PRODUCT IMPROVEMENT OR INNOVATION: WHAT IS THE KEY TO SUCCESS IN TOURISM? by Klaus Weiermair Professor and Head of the Center for Tourism and Service Economics University of Innsbruck Abstract This paper is built like a three–layered club house sandwich with the first layer providing some theoretical and conceptual insights regarding expected innovation behaviour in tourism based on available material in tourism and industrial economics. The second layer will provide empirical insights and/or testing
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Technology is not killing creativity. If it was‚ then Les Paul’s invention of the electric guitar‚ Bob Moog’s invention of the synthesizer‚ Kusek et al.’s invention of MIDI‚ Pro Tools’ inventor as well as every effects pedal or electronic music enhancing piece of gear would have to be part of this destructive force. Thoughts like this are fun to debate but totally unproductive. The real issue to be discussed for which a solution must be found is how can those who produce great music
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Healthcare Innovation The healthcare industry has experienced a proliferation of innovations aimed at enhancing life expectancy‚ quality of life‚ diagnostic and treatment options‚ as well as the efficiency and cost effectiveness of the healthcare system. Information technology has played a vital role in the innovation of healthcare systems. If the concept of healthcare innovation can be clarified‚ then it may become easier for health policymakers and practitioners to evaluate adopt
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Stimulating Innovation Stimulating Innovation In this paper the author will discuss the techniques for stimulating innovation. A discussion will then take place that will describe how the organization that the author works for stimulates innovation. An evaluation of the effectiveness of the techniques employed will ensue and ways improve the process of stimulating innovation will be discussed. There are many ways to stimulate innovation in the workplace. In order to detail the process
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Linda Tran Mrs. Kathryn Shewmaker 10 English Pre-AP 5 27 January 2012 Creativity in the Self-Employed Setting foot out into the career industry is already a scary thought. But to certain individuals‚ working under supervision doesn’t make the idea any more appealing. Many turn towards the music of self-employment‚ which sounds incredibly fantastic. Some might even refer to it as a dream career since there’s the flexible hours‚ the comfort of working at home‚ the convenience of setting hours
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Assignment Innovations in Sports Background: Sport is movement and moving. Rules change and new (variants of) sports are invented. Today‚ controversies abound about the use of technology in sports. The rapid advances in sports science‚ prosthetics and artificial materials‚ is a fact. The question of what is legitimate and what gives the user “unfair advantage” is likely to occur with increasing frequency. REQUIREMENTS: In order to form an opinion about any of these changes‚ gaining
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Managing Creativity at Shanghai Tang Background Shanghai Tang was founded by David Tang in Hong Kong in 1994. It was a retail store selling high quality product made in China‚ such as traditional Chinese costumes‚ Chairman Mao wrist watch‚ qipao‚ traditional Chinese silk products with Chinese design. Its target customers at the first place were those high ended tourists. Taking around 1 year‚ instead of 2 year which is typical period a new retailers need to make business in break even‚ Shanghai
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Leading Innovation and Change Managing Innovation Managing Innovation Innovation is important to every organization in order to successfully gain better market shares‚ customer loyalty and more investments. Unfortunately‚ not all succeeds in innovating effectively‚ and most organizations struggle with it. According to Peters and Waterman (O’Sullivan‚ 2009‚ p. 38) in their book In Search of Excellence‚ firms who transform‚ adjust‚ responds to the shift in market’s needs and continuously
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about being successful in an initiative manner. Companies with an entrepreneurial culture often seek opportunities to expand through innovations to stay relevant in an ever-evolving marketplace. Some of the common reasons why entrepreneurial organizations seek chances for innovations are risk taking‚ independent action‚ innovation‚ competition and when an innovation need occurs. Risk taking is the concept of backing a totally new idea without the safety of guaranteed success. Companies take the initiative
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Disruptive Innovation. Part II can be found here. For thousands of years‚ beginning around 10‚000 BC in the Middle East‚ humankind embarked upon its first disruptive revolution. Until that point‚ humans had roamed the earth in hunter-gatherer societies‚ foraging for food. When ancient humans discovered farming‚ and began settling permanently‚ in one place‚ advancements in agricultural technology led to a surplus food supply‚ which in turn‚ led to surplus time. The result was unprecedented innovation‚ and
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