1.1 GAIL is a public sector company engaged in the business of gas transmission and distribution‚ gas processing for liquid hydrocarbon production and petrochemicals. In 1998‚ in the context of the changing environment‚ it assigned to itself a vision statement "Be the Dominant Natural Gas Company with Significant Global Presence Integrated in Energy and Petrochemicals". 1.2 In the current business environment in India‚ where the market forces have started playing a dominant role and the
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business innovation is important There are several reasons why the generation of new ideas can be critical to your business’s success. Although every organisation will have its own priorities and sector-specific issues to balance‚ businesses that fail to innovate run the risk of losing ground to competitors‚ losing key staff‚ or simply operating inefficiently. Innovation can be a key differentiator between market leaders and their rivals. Responding to trends and competition Innovation can help
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study denotes the importance of integrating the compatibility construct within technology acceptance models as well as its confounding results in doing so. Rogers (1962) was the first one to introduce and define the term compatibility in his Innovation Diffusion Theory. “Compatibility assesses the extent of congruence between a new technology and various aspects of the individual and the situation in which the technology will be utilized” (Karahanna et al.‚ 2006‚ p. 782). Diverse studies identified
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John Soltys This paper is about comparing and contrasting the terms – innovation‚ creativity and design. The definition of innovation is “the introduction of something new; a new idea‚ method or device.” (Merriam-Webster‚ 2008). At a business standpoint‚ innovation can occur and should be encouraged at all levels within a company from top level executives to lower level managers and individual contributors. Thus an innovation may be a product‚ a process‚ or a system‚ but it is more than an idea.
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The Knowledge Economy INTEGRATED INNOVATION MANAGEMENT FRAMEWORK Nader NADA1 Abstract: Through our literature review we realized that the full implementation of innovation framework in many organizations does not appear to take place routinely within management practice and that‚ where it does‚ it tends to focus on output measures. Further‚ from the relatively small number of empirical studies of frameworks in practice‚ measurement of innovation management appears to be undertaken infrequently
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successful business? I am sure that innovation‚ design‚ and creativity are not the first things that come to mind but they are essential concepts for any successful business. To really understand how these concepts are implemented in the business environment it is important to understand their definitions‚ how they relate to one another‚ and how they differ. Once these three concepts are understood an organization can implement the concepts at hand. Innovation is defined as “creativity plus successful
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Analyzing Organizational Innovations Nokia’s innovative role in the Finnish education and private business system is a fantastic idea. What was done is Nokia utilizes resources in Finland but at the same time they produce innovative resources through the education system that benefits all (Ali-Yrkkö & Hermans‚ 2002). From innovation resources such as the educational system‚ skilled labor‚ and Takes research and development (R&D) funding‚ to name a few. Similarly‚ Finland has reaped benefits from
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of innovation and analyzes through examples where different types of innovations stand. Firstly he asks the question whether innovation is hard work or as believed by many inspiration. He argues that innovation is mostly the resuly of hard‚ disciplined work as opposed to inspiration. Then he goes on to discuss the profile of innovative organizations and their managers. He thinks that establishing roles and processes‚ setting goals and measures and reviewing progress step by step in innovation is
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in product development. In the 1960s NASA developed the four basic phases which are the Preliminary analysis‚ definition‚ design‚ and operation. As part of the project planning‚ Greyhound Bus Lines will use these steps to produce a new creative innovation and design that will make the organization a better way for public transportationPreliminary analysis will be the first step the bus lines will approach. The Greyhound organization will work with necessary consultants and gather all the information
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Foundations of Leading Innovation Tina Johns Capella University Introduction The paper analyzes two leadership practices in their support of innovation in organizations‚ examines the discovery skills for their promotion of innovation in organizations and reviews the writer’s own strengths and weaknesses with discovery skills and how they affect their ability in an organization. Leadership is an important and essential component for an organizations innovation. In order to have the organization
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