...1 3. SWOT ANALYSIS OF THE COMPANY IN RELATION TO INNOVATION 2 4. DESCRIPTION OF WHAT AN INNOVATION AUDIT ENTAILS 3 5. PROPOSED FRAMEWORK FOR CONDUCTING THE INNOVATION AUDIT 4 6. RESEARCH STRATEGY 5 7. OUTLINE OF KEY OUTPUTS ARISING FROM THE PROPOSED AUDIT 7 8. TIMEPLAN AND RESOURCES 7 9. CONCLUSION 7 10. BIBLIOGRAPHY 8 1. INTRODUCTION One would like to take this opportunity to thank the company “Urban Outfitters Inc.” for inviting me to conduct this innovation audit. It is with great pleasure and intrigue that one immerses oneself in the innovative aspects of your company and seek ways to improve the overall success of your establishment. The audit will be conducted over an extended period, as yet to be outlined. In order to establish a thorough audit one will conduct assessments and surveys in most of the company’s UK, Ireland, European stores and the head office headquarters in Oxford Street. Before one begins it must be outlined why one believes that this innovation audit will significantly improve the prosperity of this company: Innovation has become one of the key business progressions to deliver sustainable competitive advantage. It is a complex process, one easily identified as being of critical eminence for organisational success yet not easily controlled. The successful management of innovation delivers value to end users, meeting business and organisational objectives and visions. Innovation is the lifeblood of any business. It prevents a business...
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...http://www.aessweb.com/journal-detail.php?id=5007 INNOVATIONS IN ACADEMIC PERFORMANCE AUDIT (APA) TO EMPOWER TEACHING & LEARNING: THE UNITEN EXPERIENCE Zainal Ariffin Ahmad Graduate Business School, College of Graduate Studies, UNITEN, Kajang Malaysia Norsalwati Binti Mohd Razalli Quality Management Centre,UNITEN, Kajang Malaysia ABSTRACT Institutional audit is an integral part of the quality assurance process in the Malaysian higher education to determine whether the institution is achieving its mission and goals, to identify strengths and areas of concern, and to enhance quality. One form of institutional audit is the periodic academic performance audit to determine the continuation or maintenance of programme accreditation status. In 2011, UNITEN conducted an institutional audit (Academic Performance Audit) exercise to prepare for SETARA 2012 or the Rating System for Higher Education Institutions in Malaysia. UNITEN was conferred SETARA Tier 5 - Excellent in 2012 compared to Tier 4 in 2009. Based on action science approach, this paper discusses the lessons learned during the Academic Performance Audit (APA) conducted in 2011 and how they empowered the teachinglearning environment at UNITEN. It will also highlight the three innovations introduced in the APA process. Keywords:Academic Performance Audit (APA), Rating system (SETARA), Action science, teaching-learning, Innovation. 1. INTRODUCTION Institutional audit is an integral part of the quality assurance process...
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...Innovation- L’Oreal. INTRODUCTION In this essay I will propose an innovation audit for the cosmetic company L’Oreal. I will be acting as an innovation consultant and develop a proposal for conducting an innovation audit for the company. I will focus on the SWOT analysis of the company and analyse L’Oreal’s strengths, weaknesses, opportunities and threats. Then I will design a framework for conducting the innovation audit. My framework will relate to the company’s business activities and vision. The framework will also address the SWOT analysis that I have presented. I will then provide a description of my proposed research strategy , such as what type of data I will collect and how I will go about doing so. Then I will provide an outline of the key outputs that would arise from the innovation audit in the context of the proposed framework that I have provided. DESCRIPTION OF THE COMPANY For more than a century, L’Oreal has devoted itself solely to one business: beauty. L’Oreal(2012) The L’Oreal Group is the world's largest cosmetics and beauty company.(Jones, David 2010) L’Oreal has developed activities in the field of cosmetics. Concentrating on hair colour, skin care, sun protection, make-up, perfumes and hair care, the company is active in the dermatological, tissue engineering and pharmaceutical fields.L’Oreal has set itself the mission of offering all women and men worldwide the best of cosmetics innovation in terms of quality, efficacy and safety. It pursues this...
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...Internal Forces and Trends Strengths Weaknesses Opportunities Threats Trends Strategy Providing reliable, low cost and fuel efficient automobiles that comply with health and safety environmental regulations Limited flexibility in processes Improvement in process’s are easily identified Strategies similar to competitors, need to identify Staying abreast of current technology trends Structures Stationary and mobile services Mobile units don’t possess many capabilities to serve Acquire space in optimal location Need more than one service location for customers Small Offices, (no big offices) backup operating locations Processes and Systems Value, quality and competitive pricing Data reliability New ideas to service client Drastic changes in process could deter major clients Cloud computing and Process improvement Resources List of local area business to target Small start-up budget Acquire better supplies Supplies may be limited due to many competitors Subject matter experts stay abreast of current resources needed Goals Attainable goals based on industry Fast growing threats and vulnerabilities To expand beyond initial goals as business grows Competitors may want to feed off of success Set short term goals to leave room for change in strategy Strategic Capabilities Service differentiation advantages Reputation not developed Acquire more satellite offices Corporations may be downsizing, creating less of a need for services Be prepared for more market demand Culture...
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...company based in the bay area that provides collaborative innovation management software for enterprises. It offers SpitgitEngage, an enterprise platform for internal innovation companies. SpitgitEngage for Facebook which enables organizations to engage their customers in social co-creation by tapping users understanding of idea generation, free thought, campaigns, contests and game dynamics. Microsoft SharePoint is a social innovation platform that applies social principles to the process of generating the best ideas for organizational challenges. The company also provides SpigitEngage for Government, which enables government agencies to launch engaging internal and external campaigns to collect new ideas from employees and citizens. SpigitEngage for Jive is a crowd innovation that allows employees to submit new ideas or creations and tracks each person’s submitted ideas, providing an update on their status. Also, SpigitEngage has a mobile app that is supported by SaaS (Software as a Service) which allows the user to contribute ideas, vote, comment, and follow activity in your community from anywhere at anytime. SpigitFusion is a strong engine for managing the evaluation and implementation feasibility generated through the Spigit platform that has a Software Development kit that creates a partner ecosystem strategy that enables application creation, allowing users to integrate in Spigit’s purpose built crowd innovation solutions. In addition, Spigit offers ICON, a crowdsourcing...
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...alternatives for existing raw materials in terms of its safety, cost effectiveness, integrity, and aesthetic quality attributes. ❖ Provide technical assistance and trouble shoot potential problems associated with product development from laboratory stage up to commercial translation. ❖ Team player with excellent interpersonal communication and collaborative skills. ❖ Highly organized, with ability to work independently beyond norm to achieve organizational goals. ❖ Proven record in completing assignments on time and ahead of schedule. PROFESSIONAL EXPERIENCE 11 years in the Food Industry April 2010 - Present Philippine Foodasia Corporation Research and Innovation Manager ➢ Developed and launched “Bar B King’s” products: Barbeque product lines and Various Pancit/Noodle dishes in the market ➢ Manages and lead all stages of the product or pack change projects from PDR approval through to product being available to order. ➢ Manages managing cross-functional teams without direct authority to bring all agreed projects to market on time. At desired...
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...Defination Of Words Creativity: Creativity is a crucial part of the innovation equation. Creativity requires whole-brain thinking; right-brain imagination, artistry and intuition, plus left-brain logic and planning. Creativity is a core competency for leaders and managers and one of the best ways to set your company apart from the competition. (Reference : http://www.creativityatwork.com/2011/11/19/what-is-creativity) Lifecycle: The course of events that brings a new product into existence and follows its growth into a mature product and into eventual critical mass and decline.For Example: Sales growth begins to accelerate, characterized with increasing sales year-over-year. As production levels increase, gross margins should steadily decline, making the product less profitable on a per-unit basis. An increase in competition is probable. (Reference : http://www.investopedia.com/terms/l/lifecycle.asp) Radical Innovation: Technological knowledge required to exploit it is very different from existing knowledge, existing knowledge will be obsolete - competence destroying or Results in a product that is so superior that existing products are rendered noncompetitive. Incremental Innovation: The knowledge required to offer a product builds on existing knowledge - competence enhancing. Most innovation is incremental or Innovation still allows existing products to stay competitive. Interaction Models: An interaction model is a design model that binds an application...
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...Best Snacks Problem Solution Stephanie Curry MMPBL 550-Creativity, Innovation, and Organizational Design May 28, 2012 Sara Garski Best Snacks Problem Solution The snack food industry has become increasingly commodity-based over the past ten years, and while the competition has increased, differentiation among the competitors has decreased. This gradual change in the industry has caused sales to slip, market share to decrease, and stock prices to fall. The unwillingness of the company to change to the needs of the market has put the company in a position to lose its long-held premier standing in the industry. In addition to the financial and economic problems facing the company, the employees are distressed about the upcoming changes that the president of the company has implied will soon occur. Also, the employees believe that the company has done a poor job of promoting innovation in the industry which is why the organization if declining in many areas of the industry. For Best Snack’s to succeed, they must confront the problems they are faced with, and change the corporate culture from top to bottom. Describe the Situation Issue and Opportunity Identification Several issues face Best Snack’s in the increasingly commodity-based snack food industry. In a depressed economy, consumers are more likely to buy snacks based on price rather than brand loyalty (University of Phoenix, 2012). This turn in the economy has presented several problems to the...
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...International Journal of Innovation Management Vol. 5, No. 3 (September 2001) pp. 377–400 © Imperial College Press DEVELOPING INNOVATION CAPABILITY IN ORGANISATIONS: A DYNAMIC CAPABILITIES APPROACH BENN LAWSON Department of Accounting, The University of Melbourne Victoria, 3010, Australia e-mail: blawson@unimelb.edu.au DANNY SAMSON Department of Management, The University of Melbourne Victoria, 3010, Australia e-mail: d.samson@unimelb.edu.au Received 1 February 2001 Revised 18 August 2001 Accepted 21 August 2001 This paper draws together knowledge from a variety of fields to propose that innovation management can be viewed as a form of organisational capability. Excellent companies invest and nurture this capability, from which they execute effective innovation processes, leading to innovations in new product, services and processes, and superior business performance results. An extensive review of the literature on innovation management, along with a case study of Cisco Systems, develops a conceptual model of the firm as an innovation engine. This new operating model sees substantial investment in innovation capability as the primary engine for wealth creation, rather than the possession of physical assets. Building on the dynamic capabilities literature, an “innovation capability” construct is proposed with seven elements. These are vision and strategy, harnessing the competence base, organisational intelligence, creativity and idea management, organisational structures...
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...overpowering of their competition. To have a Competitive Edge, firms must angle themselves towards Innovation which Myers and Marquis (1969) defined as “….. not a single action but a total process of interrelated sub processes. It is not just the conception of a new idea, nor the invention of a new device, nor the development of a new Market. The process is all these things acting in an integrated fashion.” Since the inception of HNB Assurance PLC (HNBA) in 2001, company is considered the fastest growing composite insurance company within the Sri Lankan insurance domain. The rationale of this report is to identify how effective HNBA is in encouraging innovation for improvement of the processes, products and the services rendered to customers. The primary step of analyzing this fact is to identify the methods utilized to encourage, capture and manage ideas until successful implementation. The methods available and the inadequacy of methods employed are discussed in Task 01. To analyze the effectiveness further, a survey was carried out involving a sample of employees in different levels of the organization. A questionnaire was furnished which included aspects such as organization climate, current performance, policies and procedures adopted and the cognitive skills of the employees in encouraging innovation. The results of the survey are broadly analyzed in the Innovation Audit under the four criteria and are summarized in Task 02. The theory of analysis is taken from the teachings...
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...significant changes currently underway – a new business plan targeting significant growth over 3 years, new directors and ownership and a marketing strategy targeting increasingly large complex projects of a Design and Build nature. To achieve this, some form of change is required and much of this change may come through innovation. This assignment will distinguish between product, process and organisational innovation and discuss which is likely to be the most important for the growth of Read Construction Holdings over the next three years. In order to distinguish between the different types of innovation, the essay will begin by setting out a clear definition of innovation. The main discussion will go on to discuss limitations, barriers and enablers of innovation and how that might impact on the organisation, summarising which type is likely to be the most important for the business in support of its goals, the essay will also evaluate the potential for consecutive innovative approaches and what limitations and barriers / enablers may be encountered. What is Innovation? In defining innovation, it is important to clearly differentiate between innovation and invention. Fagerberg (2004) suggests that invention is the first occurrence of an idea...
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...Problem Solution: Best Snacks Inc. Allen Washington Creativity, Innovation, and Organizational Design/MMPBL/550 Dr. Wayne Brock Best Snacks Inc. have held the number one or two position in the snack arena giving exceptional and secure investments for their investors. In the past two years, sales have dropped drastically, the market shares have decreased and stock prices were spiraling down. The Vice President of Organizational Development, Sabrina McKay is a valuable asset with exceptional expertise that involves several organizational development initiatives. However, due to the harshness of Best Snack’s situation, the company is forced to evaluate the likes and dislikes of their constituents in order to compete with success. This paper will address Best Snack’s circumstance in a manner of resolving issues and realizing future opportunities, engaging stakeholders throughout the process to ensure success, and implementing a strategic plan involving new innovative ways and creativity as a vital part of the company’s culture. Describe the Situation Issue and Opportunity Identification Elizabeth Fairchild announced in a Memo to all employees – do to the rapid changes in the world; in order for Best Snacks to continue being successful the company will have to keep up with the changes. The company’s success with depend on if the company leads the way in creativity and innovation. (University of Phoenix, 2010, pg 2) The company has an opportunity to reorganize...
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...Best Snacks Problem Solution Course/Number Date Andre Boyer Best Snacks Problem Solution Best Snacks encounters many challenges that affect the creativity and innovation practices. This ranges source from individual and organizational learning, management practices and technology in creativity and innovation. Jones (2004) states, “Each design challenge has implications for how an organization as a whole and the people in the organization behave and perform.” (p. 115). This means that each area influences the direction of the organization and some of the difficulties that stifle a creative environment that lends itself to an innovative organization. Further, successfully overcoming challenges associated with a void in creativity consists of implementing a plan that address concerns highlighted by employees in the recent organizational survey. Creating a plan may source at the leadership level but the input sources from the employees because this is the identified area where creativity does not exist in the desired way. Leadership teams must recognize that the survey indicates employees do not feel they have the freedom to provide creative input therefore; leadership team members become part of the problem. Mat and Razak (2011) state, “Identification of success or failure of innovation can be done through implementation phase” (p. 217). As a result, the problem itself lies within the leadership team members rather than the employees of Best Snacks. Based...
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...Today’s knowledge and service-based economy offers innumerable opportunities for well-run companies to increase profits through strategic outsourcing.1 Emphasis is rapidly shifting from outsourcing parts, componentry, and hardware subsystems toward the even greater unexploited potentials that intellectually-based systems offer:2 Obtaining higher value, more flexible, and more integrated services than internal sources can offer. Improving the company’s capacities to stay current and to innovate by interacting with “best in world” knowledge sources. Achieving cross-divisional coordination and shareholder value gains that the company — for internal structural or political reasons — could not otherwise achieve. Outsourcing Knowledge-Based Services The drivers for these trends are formidable. As the service sector has grown to embrace 80 percent of all U.S. employment, specialized service firms have become very large and sophisticated relative to the scale and expertise that individual staff and service groups have within integrated companies — whether in services or manufacturing (see Table 1). These specialists can develop greater knowledge depth, invest more in software and training systems, be more efficient, and hence offer higher wages and attract more highly trained people than can the individual staff groups of all but a few integrated companies. Given this greater knowledge depth and wider range of customer interactions, they can also become much...
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...interactive use of management control systems on product innovation Josep Bisbe a a,* , David Otley b ESADE Business School, Universitat Ramon Llull. Avda, Pedralbes 60-62, 08034 Barcelona Spain b Department of Accounting and Finance, Lancaster University, Lancaster LA1 4YX, UK Abstract SimonsÕ Ôlevers of controlÕ framework indicates that an interactive use of management control systems (MCS) contributes to fostering successful product innovation. However, his work is ambiguous in not specifying whether the relationship between interactive controls and innovation is a mediating or a moderating relationship. This paper examines the relationships among variables embedded in SimonsÕ framework of levers of control, explicitly distinguishing the different types of effects involved and testing their significance. The results of the survey-based research do not support the postulate that an interactive use of MCS favours innovation. They suggest this may be the case only in low-innovating firms, while the effect is in the opposite direction in high-innovating firms. No evidence is found either in favour of an indirect effect of the interactive use of MCS on performance acting through innovation. In contrast, the proposition that the impact of innovation on performance is moderated by the style of use of MCS is supported, with results indicating that the explanatory power of a model that regresses performance on innovation is significantly enhanced by the inclusion of this moderating...
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