globalization of markets and the importance of innovation are independent of one another. 2. Flexible manufacturing technologies have increased the importance of production economies of scale. 3. Innovation and new technology have led to longer product life cycles as better quality products are being produced. 4. The increased pace of innovation has only had a negligible effect on market segmentation and product obsolescence. 5. Slow innovation results in diminishing margins and product
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How can you tell if your company is really more than the sum of its partsl CREATING CORPORATE ADVANTAGE BY DAVID J. COLLIS AND CYNTHIA A. MONTGOMERY M OST MULTIBUSINESS COMPANIES ARE the sum of their parts and nothing more. ^ Although executives have become more sophisticated in their understanding of what it takes to achieve competitive advantage at the level of individual businesses‚ when it comes to creating corporate advantage across multiple businesses‚ the news is far less encouraging
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CREATING A METHODOLOGY 1 QUESTIONS 1. What can you determine about the corporate culture from the fact that they waited this long to consider the development of an EPM system? It is clear from the description that the company has been a vertical organization so far. So far‚ there are units that are managed by managers who would like to continue to maintain the reporting structure and power. Should a formal project management office be put in place‚ they are clearly afraid to lose power and control
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Reverse Innovation Reverse Innovation‚ the term coined by two Dartmouth University Professors Vijay Govindarajan and Chris Trimble refers to any innovation that is first introduced in the Developing countries with an intention to later launch it in the western or developed markets. Reverse Innovation is also popularly known as Trickle-up Innovation. It is so called because generally‚ all innovations have first been made in developed countries and then bought to developing economies. So far companies
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Making innovation work: How to manage it‚ Measure it‚ and Profit from it By Davila Epstein and Shelton Summary In this book the authors provide clearly defined methods and guidelines for creating and sustaining innovation strategies that best fit a specific company. The book covers a lot of topics about innovation from the management’s prospective. It starts from evaluation the innovation state of one company to how to design an innovation strategy while integrating /balancing innovations between
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Disruption occurs when a smaller company with fewer resources successfully disrupts the business practices of an incumbent business. Disruptive innovation has brought success to countless companies. However‚ though it is effective‚ it can also be dangerous. This is because many theories on the subject are misunderstood or misapplied. Christenson believes this is because users tend to focus on the concepts created 20 years ago‚ rather than reading books and articles that have been published with refinements
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Production management: Innovation and Research & Development: PHILIPS History of the company The company was founded in 1891 by Gerard Philips in Eindhoven‚ the Netherlands.Its first products were light bulbs ’and other electrotechnical equipment’. Its first factory remains as a museum. In 1914 it opened a research lab to improve its light bulbs and venture into new technologies. Thus‚ its research and innovation journey began. In the 1920s‚ the company started to manufacture other
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The purpose of Lee Cockerell’s book‚ Creating Magic‚ is to share his powerful leadership strategies with every leader‚ or aspiring leader‚ so they can apply them to their own career. Mr. Cockerell is extremely qualified to discuss the topic of leadership for two reasons. First‚ Mr. Cockerell’s ten leadership strategies became the bedrock principles known as the Disney Great Leader Strategies‚ which are taught to all of Disney’s leaders‚ and are also taught to clients of the Disney Institute from
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Organizational culture can be summed up as a complex set of assumptions‚ beliefs‚ perceptions‚ symbols and values that define how a company goes about doing business. Every organization has its own unique culture or value set. Most organizations do not consciously try to create a certain culture as the culture of the organization is typically created automatically and unconsciously‚ based on the values of the top management or the founders of an organization. How things are said and done in a
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Unit 3 Assignment 2 A Summary of M.E. Porter and M. R. Kramer’s article “Creating Shared Value” Michael G. Castro Capella University MBA6008 – Global Economic Environment Professor Hidsell January 27‚ 2013 Creating shared value (CSV) is a powerful concept that many companies used‚ ultimately‚ being used as a strategy in developing the future market while also strengthening economies‚ the marketplace‚ communities and corporate funds. In reading this article‚ I initially thought this
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