CREATIVITY & INNOVATION STRATEGY Introductions Definition of innovation found in the literature vary‚ some are general and broad‚ while others focus on specific innovations like the implementation of an idea for a new product or service. In an organizational environment‚ examples of innovation are the implementation of ideas for restructuring‚ or saving of costs‚ improved communication‚ new technology for production processes‚ new organizational structure and new personnel
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INTRODUCTION Companies must innovate in order to keep ahead of their competitors. If an organization wants to create a business strategy that keeps it at the forefront of innovation‚ it must develop ways of making that strategy work. Being innovative does not just involve using the expertise of market researchers‚ scientists and product developers to create new products. It also involves using the capabilities of everyone within an organization to generate the processes that help the new product
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Superior topic: Leadership and Innovation Working title: ‘Is leadership important in the process of innovation?’ To what degree? How? Why? University of Latvia Riga Table of content Introduction 3 1. Scientific question 4 2. Defining the problem 4 3. Defining innovation 4 4. Leadership and innovation 5 4.1. Resistance 5 4.2. Coping 5 4.3. Responding 6 4.4. Choosing 6 4.5. Bringing forth 6 4.6. Mastery 6 5. Conclusion 7 Scientific question In this written
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limited Innovation Audit See the gaps in your innovation and develop plans for new products‚ services‚ processes and cost savings. Below is a summary of the Audit we recommend and can conduct. The full Audit varies dependent upon the organisation. Key Issues There are hard and soft factors that will determine how innovative an organisation is. Those key factors: • CEO and Board Commitment • A Learning Organisation ie being open‚ adaptive and forward thinking • A culture that encourages innovation • It
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17-Dec-11 Product innovation and Process Innovation Product innovation – the introduction of new types of goods and services for the external market and Process innovation – enhancement of internal production processes for goods and services [Perri 6‚ 1993]. UNESCO definitions for Product innovation and Process Innovation Product innovation: introduction of a good or service that is new or significantly improved with respect to its characteristics or intended uses. This includes significant
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CREATIVITY‚ INNOVATION AND ENTERPRISE REPORT Contents Contents 1. Introduction and Rationale………………………………………………………………….1 1.1 Introduction to Springfield Academy………………………………………………………………1 1.2 Rationale for choice………………………………………………………………………………...2 2. Research Methodology..................................................................................................2 2.1 Methods used for research………………………………………………………………………...2 2.2 Primary
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Apple’s Systemic Approach to Innovation Apple is widely considered as the #1 innovative company in the world. The company’s innovation strategy involves terrific new products and innovative business models. The company delivers consumers with a succession of presents – great software in fabulous hardware in beautiful packaging (“really good ideas wrapped up in other really good ideas‚” as Michael Lopp‚ senior engineering manager at Apple puts it). Apple also pioneers into a new business spaces and
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terms‚ innovation is a significant evolution of a product‚ service or manufacturing process that brings something new‚ unknown or of using a new technology from basic research. Innovation results from both a new idea‚ using creativity‚ a concrete realization and response to consumer expectations. It aims to gain a competitive advantage in meeting the needs of the market. Innovation can be timely and focus on a project‚ a product. It can also be part of a continuous process of innovation management
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A Framework for Strategic Innovation A Framework for Strategic Innovation Blending strategy and creative exploration to discover future business opportunities ______________________________ by Derrick Palmer & Soren Kaplan Managing Principals‚ InnovationPoint LLC © 2007 InnovationPoint www.innovation-point.com Page 1 A Framework for Strategic Innovation Table of Contents 1. 1.1. 1.2. THE ART AND DISCIPLINE OF STRATEGIC INNOVATION ............. 3 Traditional strategy
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“reverse innovation”‚ “frugal innovation” or “jugaad innovation‚” product development in emerging markets such as India and China is attracting more and more notice‚ even leading some to wonder whether these countries will not be posing a formidable challenge to the best-established Multinational Companies of the advanced nations in the near future. The essay should address the question: Are companies from India and China going to take over multinational companies? Frugal Innovation: Is the future
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