external messaging tools. Corporate Messaging: Internal & External Nayar leveraged technology to facilitate corporate transparency‚ trust‚ the flow of information‚ and he empowered his employees to take responsibility for leading change and innovation. He did this through the various implementations of new internal messaging tools which include: the U&I portal‚ MyBlueprint portal‚ and the Local Financial Information Application (LFIA). The U&I portal began as a tool that allowed any
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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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Innovation management (I.M.) is a creative unconventional approach to what managers do. It is a noveling of approaching problems that creates value for another or othes. It has to be something that can be put into practice operationalized‚ and it must bring about substantial change. Scholars have defined I.M. in slightly different ways: Bikinshaus‚ Hammel‚ and Mois give a “ relatively narrow definition of I.M. as “ the invention and implementation of a management practice‚ process‚ structure or technique
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Innovation at Progressive: Pay-As- You-Go Insurance Major Case Study The auto insurance service industry is a continually growing market with an endless number of customers looking to become insured. As a consumer of automobile insurance‚ I look for reliable‚ price sensitive‚ convenient‚ and quick service. Some of the automotive insurance industry’s service qualifiers would include offering proper coverage‚ reasonable costs and savings‚ and comprehensive attributes. Major competitors in the auto
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2013 Managerial Innovations @ ING [MANAGERIAL INNOVATIONS @ ING] February 28‚ 2013 Table Contents Particulars Executive Summary Introduction Universal Banking Why Innovations in Banking? Significance of IT Innovation in the Banking Sector Impact of Banking Innovations in a Developing Economy Innovations in Indian Banking Industry – An Update About ING Vysya Bank Innovations @ ING ING Vysya Bank making a difference in Indian Banking Industry Technology in Banking Conclusion References
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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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LEADERSHIP The activity of leading a group of people or an organization or the ability to do this. Leadership involves (1) establishing a clear vision‚ (2) sharing that vision with others so that they will follow willingly‚ (3) providing the information‚ knowledge and methods to realize that vision‚ and (4) coordinating and balancing the conflicting interests of all members and stakeholders. Leadership is "organizing a group of people
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understanding media innovation? Discuss its advantages and limitations. In the early concept of innovation concept‚ depending on the degree of innovation and the effects it produced‚ it can be divided into two types‚ the incremental innovation and disruptive innovation. The incremental innovation refers to a natural innovation process step by step in the lifecycle of a product in the process of technology evolution‚ in accordance with the original technology path; the breakthrough innovation refers to a
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Open innovation is a term promoted by Henry Chesbrough‚ a professor and executive director at the Center for Open Innovation at the University of California‚ Berkeley. The concept is related to user innovation‚ cumulative innovation‚ know-how trading‚ mass innovation and distributed innovation. “Open innovation is a paradigm that assumes that firms can and should use external ideas as well as internal ideas‚ and internal and external paths to market‚ as the firms look to advance their technology”
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3. Source of Innovation 1: Unexpected Success and Failures According to Drucker‚ the best source for successful innovation is from an Unexpected Success or Failure. Exploitation of this requires analysis simply because an unexpected success is a symptom. For example: A competitor is having unexpected success in a particular market segment. Management must find out why this is happening‚ asking themselves what it would mean to them if they exploited it. Unexpected Failures can also
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