...Innovation Strategies for the Global Recession A Special Report from Chuck Frey of InnovationTools.com and Renee Hopkins Callahan of Innosight December 8, 2008 Innovating in a Recession Page 2 Executive Summary As the global economy slowly slides into recession, organizations face new challenges and opportunities. In today's interconnected world, it's impractical for companies to suspend their innovation initiatives until the worst of the storm blows over. To do so is to risk being well behind the curve when the economy does recover, and losing precious ground to competitors who found creative ways to keep their innovation initiatives moving during the darkest days of the downturn. As part of this study, Chuck Frey of InnovationTools and Renee Hopkins Callahan of Innosight recently contacted a diverse collection of innovation experts and practitioners to learn more about the strategies they recommend for maintaining innovation during these challenging times. Respondents include some of the best and brightest innovation authors, bloggers, consultants, and practitioners. In addition, this report includes links to more than 60 examples of recent coverage of this topic in online media and the blogosphere. This collection of resources represents a practical roadmap that your firm can use to help identify opportunities for adapting your innovation initiatives to the current economic downturn. Use this roadmap to help to position your firm to take full advantage of the...
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...breadth had the fastest growing rate. Now there are over the 119 aliment in Taiwan area. We reside in a globalized world. Just like cultures, foods and bistro appearance are exchanged by humans about the apple frequently. Pizza alternation stores, like fast aliment mushroomed all over the area. Therefore, pizza became a accepted aliment in Taiwan and humans generally accompanying it to the abstraction of gathering, adulatory or sharing. Bistro pizza is absolutely accepted for acceptance in NCTU. However, due to the accepted bread-and-butter crisis, their business is traveling down, and it is abundant worse than before. According to the accepted business statement, we can ascertain the afterward problems: the business crisis occurring currently has fabricated humans abate their amount on parties and gatherings. So if it comes to allotment food, humans adopt to pay alone for their own share. Therefore, we are aggravating to acquisition out whether a assertive blazon of advance could allure barter and access the...
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...I. Strategic Profile and Case Analysis Purpose Starbucks has always been the famous coffee shop in the world. When people smell coffee the first thing that came into their minds is “Starbucks”. Starbucks starts in 1971 in Pike Place Market in Seattle, Washington. It wasn’t always about selling coffee drinks, before Howard Schultz was selling coffee beans and coffee machines not the coffee drink itself. Then for about 10 years he thought of a way of selling coffee since it became famous, with that he came up of opening a store named II Giornale. After a year, Jerry Baldwin, Zel Siegl and Gordon Bowker sell the name Starbucks to Schultz and quickly renamed II Giornale to Starbucks and started to expand across America. Now Starbucks has more than 11,000 stores in the United States alone and more than 17,000 stores around the world. Having so many stores, it became more available to the public. You can buy their coffee almost anywhere. With this kind of availability, the long lines where nowhere to be found. Coffee serving and production was fast. But having so many stores can make a huge impact. The convenience of the costumers was met, but the sales might make a huge loss. That is why the main purpose of this Case Study is to identify how having so many stores can make a huge impact on Starbucks’ demands and to prevent it from happening with making an action plan. Another purpose is to identify the latest perception of consumers that will make Starbucks innovate and focus on other...
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...is the idea that companies should begin to expand their strategies out to focus on how their company can serve to help the societal issues around them. This strategy is important because the strategies used by companies today are only effective for the short-term. By restructuring the way a firm is run to accommodate both societal and economic needs, the firms will see a greater long-term success and profit. The incentive for firms is that the lack of success in the society around the company will eventually get back to them and become a cost within their company known as an externality. The strategies idea is to treat the societal issues the way economical issues have been treated. But, by treating the issue like a business where the company can see a profit, there can be success within the firm and within the society. 2. Social Entrepreneurship: A Case for Definition; Martin & Osberg Martin and Osberg try to formulate boundaries for the definition of a social entrepreneur because they believe it’s significant in order for society to move forward. The authors believe that they are not taken seriously now but are beginning to generate some stir within society because they are causing a positive social change. A social entrepreneur is defined by someone who finds a crisis within a disadvantaged sector of people who do not have enough resources in order to get themselves out of it. Once they find the crisis, they see it as an opportunity to create a more stable equilibrium and...
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...Innovating with Ingenuity Chapter 8, Innovating with Ingenuity, shows us how companies around the world have been innovating. It is important to understand what ingenuity really means. It is defined as the quality of being ingeniously inventive, creative, and practical; inventiveness. The chapter starts out with the quote, “When people ask me ‘What is your competitive advantage?’ I say, ‘The quality of our engineers.’” This was stated by Mauricio Botelho, President and CEO of Embraer (A successful Brazilian aircraft manufacturer) from 1995 to 2007. John Engler, president of the National Association of Manufacturers, in 2005 said that the United States is and remains on being the world’s frontrunner in innovation. He emphasizes that other countries are advancing in technology as enthusiastically as we are and that therefore we cannot assume we are safely ahead of the world. Throughout the chapter we are shown how challengers have been investing in innovation by capitalizing in research and development. Some examples included are companies like ZTE, a Chinese telecom equipment maker that spent 12% of its $3 billion 2006 revenue on research and development. In accordance to VentureOne, Venture capitalists invested $1.89 billion in Chinese companies in 2006. In total, from 2005 to 2006 there was a 34% increase in investments in Chinese information technology firms. Governments are also becoming aware of how important innovation is when it comes to modernization. For example...
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...LIFE CYCLE OF AN ORGANIZATION Eastman Kodak Company (Est . 1889) Eastman Kodak Company, also known as Kodak, is an American multinational imaging and photographic equipment, materials and services company headquartered in Rochester, New York. It was founded by George Eastman in 1889. At one point of time, Kodak held a leading position in the photographic film market with a 90% share in the United States. However, the company failed to compete effectively with the advent of digital photography in the 90's and its finances started deteriorating. In January 2012, Kodak filed for bankruptcy and is the process of winding down its assets. Organizational Birth Kodak was setup by George Eastman in 1889 and followed the strategy of selling photographic equipment at affordable prices while making margins of photograph development equipment, the film, chemical and photo paper. In the initial lifecycle, it was the leader in developing innovative line-up of cameras. In the run-up till the end of the 2oth Century, Kodak became a name synonymous with innovation, and in general, photography. The phrase 'Kodak Moment' became widely used in the public domain and became associated with capturing the precious moments that the era of photography had come to innovate. Mission Statement Kodak stood for innovation in digital cameras making them affordable to buy for the common public. It innovated its equipment and made its profit from selling photograph developing materials. Survival strategies...
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...partners of export and import of product and the range of these product is even bigger but the focus falls on the main ones . The countries from the European Union are the most important partnes for Spain, in 2013 65% of the foreign trade comes from there, main partners are France with 18% of total exports and 11% of total imports and Germany with 15 % ot total exports and 8 % of exports, othe partners are - Italy, Portugal, United Kingdom, China. The most exported products out of Spain are - food 13 %, cars 11 % and fuel 5 %. The main import of product are fuel, high added value goods, food and chemicals. http://www.tradingeconomics.com/spain/balance-of-trade http://www.ingcb.com/media/231182/spain.pdf Political system of the economy The global economic crisis hit Spain hard in 2009 and the Prime-minister José Luis Rodríguez Zapatero of the Spanish Socialist Workers Party then decided to make some changes by increasing the unemployed ebenefits and spend money on public works to slowdown the crisis but instead of that, combined with some some other unpleasant conditions, it led the country‘s budges deficit to grow even more rapidly. Since this Prime- minister failed in November 2011, the elections won the conservative Popular Party, led by Mariano Rajoy. Under their ruling Spain face the largest budget deficit–reduction plan in the country’s history and in June 2012 the European Union announced a bailout of €100 billion for the Spanish economy and now the unemployment...
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...AGILENT TECHNOLOGIES INTRODUCTION Agilent technologies is a spin-off from Hewlett-Packard (HP). For the first three to four months after the spin-off announcement, Agilent operated as “NewCo” while the team assessed over ten thousand names for the new company. Finally they ended up with „Agilent‟ partly as a way to remind themselves every day that speed was one of their core values and it was a constant reminder to them and their employees that this was the standard that they had to hold themselves to. The company revealed the new name, logo and tagline “Innovating the HP Way”. Seven months later, on November 1, 1999, Agilent began operating as a separate stand-alone company. On November 18, 1999, Agilent launched its initial public offering, which at $2.1 billion, was Silicon Valley‟s largest IPO to date. From a small garage in Palo Alto, California, to employees around the world serving customers in 120 countries, Agilent has a long history of innovation and leadership in the communications, electronics, semiconductor, test and measurement, life sciences and chemical analysis industries. BIRTH OF AGILENT TECHNOLOGIES Agilent's foundation was laid by two entrepreneurs Bill Hewlett and Dave Packard in the form of Hewlett-Packard, a company started by them to provide test and measurement equipment. HP provides products, technologies, software solutions and services to consumers, small and medium sized businesses and large enterprises, including customers in the government...
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...USPS Deficit: Problems Plaguing America’s Postal Service By Deborah Alicea Lauryn Famiano Enrique Gonzalez Minyi Huang MGT 231 Organizational Behavior Professor Linval Frazer September 2, 2014 Table of Contents Problems of USPS 1 Related Concepts 2 Recommendations 4 1. Innovating Technology System 4 2. Cutting Costs 4 3. Changing Business Model 6 4. Improving communication 7 Conclusion 8 Work Cites 9 Deborah Alicea, Lauryn Famiano, Enrique Gonzalez, Minyi Huang MGT 231 Professor Linval Frazer September 2, 2014 USPS Deficit: Problems Plaguing America’s Postal Service Problems of USPS The first problem is based on technology. In today’s society the technology of smartphones, tablets, and the easy access to social media...
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...References…………………………………………………….……………………..17 The introduction of Samsung Samsung has been found since 1938. In the past ten years, Samsung got the perfect grade in market of e-consumer. It arrived a new top in 2005, and Samsung surpassed Sony, LG and MOTO by the 15 billion of market value in the same year. This result made Samsung the twentieth in the word, and it was increased by 186% to the year of 2000. This efficiency also made it become the fastest developed enterprise from the one hundred top businesses in the world. (Baidu. BK, 2013) In the medium of the 1960s, the semiconductor industry just rested on the phase of labor intensive. At that time, the Samsung bought a company which named the Korean semiconductor and faced a economic crisis. After this event in 1974, the Samsung began to develop in markets of semiconductor. Through the striving of Samsung, it became...
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...leadership style is pretty aggressive and they are taking higher risk to gain higher returns. Technological advancements means the rivals are also customers and vendors of each other as well. I have selected Samsung as it is the company for which I want to work after graduation. Samsung is famous for its electronic products specially smartphones and smart TVs. My second selection as per requirement is Apple Inc. Samsung’s biggest rival. Economic Environment Economic environment is particularly important for both Samsung and Apple because both are working in numerous developing and developed economies and are expending upon their foot prints globally. Economic factors are particularly worrying for both the companies as the economic crisis has negatively impacted the purchasing power of the consumers in the developed market hence forced them to look to the emerging markets for profitable ventures. Their macro environment, filled with volatility and uncertainty has forced them to reorient their marketing, sales and product and...
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...international co-ordination along with national responses of focus, discipline and values. The world has to deal with climate change and natural resource depletion. The existing macroeconomics labour policies need a paradigm shift. Growth should be sustainable and inclusive. The world needs a mechanism to break through the constraints to reshape it. The creative ideas of single person can transform the world. Creative economy is the mantra for the future. Today creative economy should tap the brilliance of the human brain, innovating the way ahead with science and information technology and create employment. A creative mind innovates ideas, which should be developed by entrepreneurs. The key is to encourage entrepreneurs. All barriers should be eliminated. A financial system should be developed to give support to the entrepreneurs, ensuring a loan free support, using investment capital method. The governments should encourage an ecosystem, which supports and churns out new ideas. They should provide counselling to entrepreneurs to transform ideas to successful businesses. Venture capitalists, angel investors, SMEs, large corporations, and governments together should be backbone of this creative economy. The private sector will lead this creative economy. Regulations that impede growth should be removed. Policies to build environment...
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...2 Pricing has to be tackled on both the strategic as well as tactical level. Based on the analysis, our recommendation is: ◦ To provide a product with full features at $29.95 price point ◦ This price justifies their added services and will help prevent the other low cost firms from eating away at their market share ◦ Also, Charles Schwab has earned the reputation of entering every segment first. Entering at $29.95 will make it a market leader with full range of trading services and create sufficient entry barriers for other firms to enter ◦ The commission system could handle only one type of pricing structure ◦ There will be a drop in the revenues, but it can be deftly handled using a variety of other measures – management by crisis. The lost revenues could be recouped in the longer run by an increase in transaction...
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...the issue of the nuclear family and the way it has been decimated by his “talented” elite. Like some episode from a Dickens novel, Brooks asserts that the Scrooges of the world – those who live outside the social order – are superior to the Bob Cratchits because they are less encumbered and thus better equipped to handle the complexity of a social order based on cleverness and “Might Makes Right.” It is not necessarily that people want to evolve from having stable nuclear families, it is that the Scrooges of Brooks’ new order – those he identifies as “talented” – have made such stability that much more difficult. Keeping a job, saving income, and conserving resources are ideals rarely possible when Brooks’ “talented” elites are sucking out all the value from our economy and holding their jackboots on the necks of those they see as beneath them who are not as clever or as maliciously aggressive as they...
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...prime example. Although McDonald's was not the first franchise business Isaac Singer, the inventor of the sewing machine gets credit for originating the franchise idea-the hamburger chain certainly exemplifies franchising success. The first McDonald's restaurant was opened by brothers Dick and Mac McDonald in 1940 on Route 66 in San Bernadino, California. The menu had about 25 offerings, and carhops brought the food out to patrons waiting in their cars. Today, McDonald's franchise network is the world’s leading food service retailer with more than 30,000 franchise restaurants serving 52 million people in more than 100 countries. Of those stores, more than 70% are owned by independent operator franchisees (Franchise Direct, n.d). In the following pages a brief summary of how McDonald's has been able to successfully establish itself at National and International Level is presented. McDonald's Success Story McDonald's has over the years continued to stay on the growth curve by recursively innovating and adopting though they have had some setbacks along the way for example about eight yrs ago they reported their 1st loss in a quarter in the history of the company, though many saw this as the beginning of the end of the company, McDonald's looked at this differently and soon took actions to crawl back to growth. Below are some of the reasons for their success story. Pick the best qualified people to own the...
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