1. Introduction - What is Innovation? Innovation refers to the act of creating new products or processes. There are two main types of innovation: • Product innovation • Process innovation. Product innovation is the development of products that are new to the world or have superior attributes to existing products. Process innovation is the development of a new process for producing products and delivering them to customers. Examples include Toyota‚ which developed a range of new techniques
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Lost at Sea - Exercise You are a passenger on a cruise ship. While in the pacific‚ there is a violent storm and the ship starts to sink. All of the passengers are directed towards the lifeboats. Each lifeboat contains fifteen items (see the list below). Activity As a group of passengers in the lifeboat you have to come to an agreement over the ranking list of the 15 objects. Here are guidelines to use to reach a consensus Avoid arguing for you own individual judgements. Approach the activity
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Geography H/W – The Disappearing Aral Sea This essay intends to first introduce the disappearing Aral Sea‚ which due to the extensive agricultural activities devised by the Soviet government in the region‚ the former fourth-largest lake of the world is now the world’s eighth largest lake. This has resulted in perhaps the world’s most prominent man-made ecological disaster‚ giving its location and background knowledge with a map‚ and then describe its future in terms of how it is going to be utilized
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Case study An analysis of 3M‚ the innovation company Introduction Any review of the literature on new product development and innovation management will uncover numerous references to 3M. The organisation is synonymous with innovation and has been described as ‘a smooth running innovation machine’ (Mitchell‚ 1989). Year after year 3M is celebrated in the Fortune 500 rankings as the ‘most respected company’ and the ‘most innovative company’. Management gurus from Peter Drucker to Tom Peters continually
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MBA A Case Study on “Innovation on Apple” Course Code ： MBA Cohort 22 Lecturer ： Mr. D.L.Allen Student Name ： Wong Man Pan Student ID ： Submission Date ： 18 July‚ 2012 No of words ：3‚092 1. Executive summary This article contains four main sections; in the first section‚ the characteristics of innovation Company are defined‚ mainly the ideas which follow Barry‚ John and Richard‚ 2011 and the overview of Apple Inc innovation would be evaluated based on the
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Progress in Tourism Management A review of innovation research in tourism Anne-Mette Hjalager University of Southern Denmark‚ Niels Bohrsvej 9-10‚ DK-6700 Esbjerg‚ Denmark article info abstract Article history: Received 27 January 2009 Accepted 31 August 2009 Over the past two decades‚ there has been increasing focus on the topic of innovation in tourism. This article reviews the research contributions. Various categories of innovation – product‚ process‚ managerial‚ marketing and
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Continuous Casting Investments at USX Corporation is a case involving a large‚ established mining and steelmaking company that after almost 80 years of existence is deciding whether to go forward with a $600 million dollar investment to upgrade its Mon Valley steel facility. From its founding in 1901 through the 1970’s the company dominated the steel industry. In the 1980’s USX was hit hard by poor economic conditions and higher manufacturing costs. In addition‚ “minimills” which had previously not
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Sea Freight Freight forwarders; Advantages 1. regular service 2. consolidation 3. use a specialist who has experience and connections 4. provide warehouses 5. they sell space in their containers (depends on the route/itinerary) 6. they negotiate transportation prices with the ‘carriers’ (transportation companies; either shipping line or airline) 7. provide insurance 8. facilitate customs clearance 9. they help trace/track shipments 10. they do the administrative work‚ ‘documentation’
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Entrepreneurial Innovations There are numerous reasons why entrepreneurial organizations would seek opportunities for innovation. To better understand the reasons it should be noted that there are two main types of innovations in the business world. These types are: Process Innovations and Product Innovations. A process innovation is a plan to make an existing product or service better and a product innovation is the creation of an entirely new product. One reason an entrepreneurial
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EK115008S The Deep Sea (2012) It is odd that a planet with 65% of its surface covered by ocean and 57% by 1000+m of deep-sea is called the ‘Earth’. Some 49% of the globe’s surface is 3-6 km below the ocean waves and the average ocean depth is 3.8 km. The deep sea is dark‚ devoid of plants but home to many animals which have been collected on hooks and lines‚ in nets‚ from the stomachs of other deep-sea beasts‚ viewed and photographed from tethered cameras‚ ROVs and deep-sea submersibles. Yet
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