2013 Managerial Innovations @ ING [MANAGERIAL INNOVATIONS @ ING] February 28‚ 2013 Table Contents Particulars Executive Summary Introduction Universal Banking Why Innovations in Banking? Significance of IT Innovation in the Banking Sector Impact of Banking Innovations in a Developing Economy Innovations in Indian Banking Industry – An Update About ING Vysya Bank Innovations @ ING ING Vysya Bank making a difference in Indian Banking Industry Technology in Banking Conclusion References
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1 Executive Summary Our company is called “Innovative Organization”; a new established company which is looking for quick expansion in market. As a company‚ we want to create fashion trend in jewelry and accessories that includes computerized advantages for users. As mentioned above our company’s products are accessories and jewelries that include computerized technology which warns customers when they receive sms‚ mms‚ e-mails and incoming calls. Instead of carrying tons of items in your pocket
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INNOVATION AT 3M CORPORATION: CASE STUDY There are two major issues highlighted in this case study: 1. Is the ‘lead-user’ process‚ an effective method for research and subsequent product innovation? 2. Should the Medical-Surgical Markets Division (MSMD) lead-user research team present its revolutionary new approach to treating infection to senior management despite the fact that it challenged the existing business strategy? QUESTION 1 The answer to the first question is ‘yes’. By the
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To be considered an innovative company‚ you need only to accomplish one task. This task is to introduce something new to your customers. Dell fits this description perfectly. Dell sits at the forefront of the computer industry and exemplifies this innovative approach in its functions of management. As noted in the other factors discussed within this paper‚ the management functions of planning‚ organizing‚ leading and controlling all exemplify the innovative approach of Dell. We all try to
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Innovation‚ Entrepreneurship & CSR Summary Chapter 1: The Innovation Imperative Innovation matters – the logic is simple‚ if we don’t change what we offer the world and how we create and deliver them‚ we risk being overtaken by others who do. At the limit it is about survival – and history is very clear on this point; survival is not compulsory. Innovation is strongly associated with growth. New business is created by new ideas‚ by the process of creating competitive advantage in what a
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In the 1820’s transportation was limited and very weak. Western farmers could not connect to eastern markets because rivers flowed north to south and horse drawn wagons had limited capacity. After the 1820’s transportation on waterways was more developed. This was with the help of steam boats‚ canals‚ and railroads‚ they helped to increase transportation and effect the economy both positively and negatively. Robert Fulton and Robert Livingston introduced the steam boat on the Hudson. They then
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32 (2003) 187 – 198 Electronic transportation marketplaces: a transaction cost perspective Thomas J. Goldsbya‚*‚ James A. Eckertb‚1 a Fisher College of Business‚ The Ohio State University‚ 554 Fisher Hall‚ 2100 Neil Avenue‚ Columbus‚ OH 43210‚ USA b Haworth College of Business‚ Western Michigan University‚ Kalamazoo‚ MI‚ USA Abstract Electronic transportation marketplaces (ETMs) are Internet-based mechanisms that match buyers and sellers of transportation services. With claims of reducing
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1 Explain creativity and innovation and in your point of view‚ why both creativity and innovation are vital in the business context. Support your answer with relevant examples. Creativity is the ability to think widely‚ to generate new ideas and connect ideas and have a free minded to approach matters. Innovation is the production or implementation of ideas (Naiman‚ 2011). Innovation involves introducing of new concept towards existing products or services or processes to make them better. Generally
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One of the current issues facing by the transportation industry in Malaysia is environmental sustainability. For Malaysian an underdevelopment country‚ sector of transportation play an important role to economy. Therefore environment issues‚ especially within the context of sustainable development‚ have not been holistically addressed in Malaysia so far. According to the meeting future priorities in Malaysian 2009 conducted by Grumit Singh K.S(Chairman of the Centre for environment‚ technology and
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17-Dec-11 Product innovation and Process Innovation Product innovation – the introduction of new types of goods and services for the external market and Process innovation – enhancement of internal production processes for goods and services [Perri 6‚ 1993]. UNESCO definitions for Product innovation and Process Innovation Product innovation: introduction of a good or service that is new or significantly improved with respect to its characteristics or intended uses. This includes significant
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