INNOVATION STRATEGY _________________ OCTOBER 2010 ------------------------------------------------- TABLE OF CONTENTS 1. EXECUTIVE SUMMARY3 2. TATA NANO: LESSONS FROM AN INNOVATOR4 History of Tata Motors4 The Indian Automotive Industry 5 The Origin of the Nano 7 Tata’s Unique Business Model 8 Activities at Tata Motors 11 Effects on India’s Ecology and Economy 12 Risk of Imitation 13 Sustaining Competitive Advantage 13 3. REFERENCES16 4. EXHIBIT 117 1. -------------------------------------------------
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An integrated approach to strategy innovation Richard Schoenberg There have been some striking examples of strategy innovation in recent years – consider companies such as easyJet‚ Direct Line Insurance or the retailer Zara – and a growing body of academic literature has emerged on the topic. This article attempts to distil a number of the major insights offered to date‚ with the aim of providing executives with an integrated approach to strategy innovation. It includes techniques which can be
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Collaboration and Innovation at Procter & Gamble After I reading this article‚ I come up some different ideas to my own business. In the lab assignment‚ I mentioned that I would like to create a cosmetics company. After I read this article‚ I come up some new ideas. This article is about P&G. By the developing of the globalization‚ people in everywhere can see the products which are produced by P&G. So‚ P&G is the leader in this field. There are many brands are owned by their company
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The New‚ Faster Face of Innovation Due to the recent development in technology‚ businesses are finding it much easier to improve their ways of doing business. With today’s technology‚ companies can easily track the wants and needs of their customers and alter their methods in order to cater to those needs. One of the best examples of the effects technology has had in business lies in the world of social media As social media began to take shape‚ so too did the interest of businesses in reaching
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IDEO QUESTIONS. Juan Pallares 1. What is the role of prototyping in IDEO? Is it central to their process? For IDEO‚ prototyping is the core of its design process‚ and how they use it is one of their competitive advantages. IDEO believes in explaining anyt design idea with prototypes‚ which helps people to focus on the same idea‚ or to find improvements of a single design easily. Prototyping is also a better way to show the customers the design your are thinking of‚ and helps them to
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Bringing Open Innovation to Services Services comprise more than 70% of aggregate gross domestic product and employment in the Organization for Economic Cooperation and Development countries. For services‚ the value chain must be replaced by a different kind of graphic - one with creating customer experience as its focus. Open innovation works somewhat differently in services business [than product businesses]‚ in part because the role of the customer is different in such businesses. Services
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CASE: “The Success of the iPod and iPhone raises the licensing question for Apple…. Again” 1. Use the Cyclic Innovation Model figure to illustrate the innovation process in this case and provide a brief description? Apple started in 1977 when it’s first personal computer was designed by Steven Jobs and Steven Wozniak. The thing that was different about the Apple Macintosh personal computer was that it used a mouse driven operating system‚ which was not being used by other computers at the
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changes in strategy with respect to the external environments.” As efficiency has been considered a primary principle in business over the past twenty years‚ this slack‚ necessary resource that are important for the future in terms of flexibility‚ innovation‚ and learning have been eliminated. These resources or slacks‚ however‚ are often essential to the survival of businesses providing the value. Therefore‚ let us examine the significance of this organizational slack and learn about how they can
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CASE STUDY: INNOVATION AT GOOGLE No doubt that Google’s success is based on innovation the opportunity and the future vision for business‚ but also the ability to use the tools available. In this sense‚ Google shines in the time of communicating. It has made its official blog‚ a tool used by many companies‚ is consulted daily by thousands of people‚ both media used as a source or for any kind of Internet users eager to learn more about the leader of the Network. Not many years ago‚ doing some
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Coca-Cola Innovation Report ORG/581 March 12‚ 2014 Nadine Harris Coca-Cola Innovation Report Coca-Cola has strived to remain innovative during its 126 years of operation. The market for soda and other beverages is constantly changing‚ and Coca-Cola must keep up with these changes to remain profitable. Coca-Cola must invest in new products and technology to remain innovative. There are many motives to maintain a high level of innovation‚ including sustainable development‚ competitors‚ social
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