Did the innovation change “the rules of the game”? Was there another parallel innovation/development that “enabled” this innovation to take root? Did it lead to the displacement of some competitors‚ with their positions being assumed by newer players in the industry? How have customers responded to the innovation? Trace the genesis of the innovation. What lead to it? Was necessity the mother of the innovation or was it serendipity? How has the innovation affected the market
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MANAGEMENT OF INNOVATION? INVENTION R&D PRODUCTS TECHNOLOGY DIFFICULT IN CERTAIN COUNTRIES LUCK!! VALUABLE IN JUST A FEW INDUSTRIES EXPENSIVE WHAT IS INNOVATION “It is the means by which the entrepreneurial activity either creates new wealth-producing resources or endows existing resources with enhanced potential for creating wealth” Peter Drucker (HBR‚ 1985) TYPES OF INNOVATION Radical Incremental TYPES OF INNOVATION Product Service Process
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Proctor & Gamble 1. What is Proctor & Gamble’s corporate strategy? Do the company’s businesses seem to be related or unrelated? Are Gillette’s businesses closely related to P&G’s businesses? How will a merger with Gillette provide a 1 + 1 = 3 effect for P&G? Proctor and Gamble recently completed large restructuring‚ put new management in place‚ and cut capital spending needs. Since then they are now focused on increasing top and bottom line results after shifting business mix toward higher margin
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The importance of innovation Corporations must be able to adapt and evolve if they wish to survive. Businesses operate with the knowledge that their competitors will inevitably come to the market with a product that changes the basis of competition. The ability to change and adapt is essential to survival. Today‚ the idea of innovation is widely accepted. It has become part of our culture – so much so that it verges on becoming a cliché. For example‚ in 1994 and 1995‚ 275 books published
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Investigate how innovation can create competitive advantage for Nokia in Great Britain Chapter one: Background of the study: 21st century of the market growth is depends on innovation. There have many marketing tools as we can use for growing up the business‚ but in this situation‚ researcher preferred innovation‚ which is really need to develop and rapidly progress for the business with their existing or new product. Innovation require for thoughtful structure of solid management process and
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Singapore‚ Gillette might want to expand the shaving and personal care products in Singapore. And also in Singapore there is no competition from domestic companies as the entire GDP of Singapore is based on imports from other countries. 1. Singaporeans are very competitive in nature. Singaporeans have a mindset of “Kia-su” which means afraid of losing out to others. Due to which Singaporeans work very hard for fulfilling their materialistic desires. Due to which business companies like Gillette can expect
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not buy blades as often because their blades will not dull out as quickly. The quality of a blade will also play a role. If the quality of a blade is not good‚ it will dull out quickly. This can generate demand for higher end blades‚ which is where Gillette can capitalize on generating demand for their blades. Another factor is what appears in the media. When people consumers watch movies and television commercials and see good looking‚ well groomed actors‚ they will follow suit and emulate the
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disadvantage if they are not agile enough to anticipate fundamental market place shift. These are theories made from past research and survey and here is where innovative activities come in. This report discusses the different highlights‚ review‚ debates and current discussions on the innovative effect of business system on the success outcome of the business (Andy & Jasper 1998). INNOVATION AS A CRITICAL INDICATOR FOR SUCCESS Many companies will treat innovation as black-box‚ the serendipitous
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Technovarion‚ 14( 1) (1994) 7-16 A conceptual technological management Mushin Lee and Kiyong Om framework innovation of Korea Advanced Institute of Science and Technology (KAIST)‚ Department Management and Policy‚ 373-l Kusong-dong‚ Yusong-gu‚ Taejon 305-701‚ Korea of South Abstract J. T. Chiang argues that studies in technological innovation management are not mature enough in terms of (I) the conceptual categories‚ (2) the interrelationships and (3) the taxonomy of relevant systems
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