...iMBA 560 Corporate Innovation Strategies Managing innovation is quite different from managing operations; and, managing uncertainty inherent in innovation requires specific tools and thinking. Whereas operations are an established process driven by existing knowledge, innovation is a learning process that creates new applied knowledge. Operations generate today’s value; but, innovation creates tomorrow’s opportunities. With many markets increasingly becoming more and more competitive, those who innovate best will win the future. During the past nine weeks, you were exposed to a variety of perspectives on innovation via case studies and a collection of readings. You analyzed company after company and situation after situation that boosted your analytical skills and exposed you to the ways companies and managers actually do things. And, you were at the scene of the action, learning the events and organizational circumstances surrounding a particular managerial situation in the innovation process. You have learned how to identify the sources of innovative success and failure inside corporations and how companies can sustain a capability to innovate. However, there is no recipe for managing innovation, because the challenges that innovation poses change over time and reflect an organization’s unique history and culture. The readings of assigned book chapters and journal articles stretch your imagination and ability to think about corporate innovation strategies with a...
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...The History of the Music Business: Literature review of readings The landscape of the music business has been shaped by influential minds in music history. From as early as the 1940s to the 21st century, artists such as Nirvana and managers such as Peter Grant have made major decisions that would shape their careers and subsequently the future of the music business (Goldberg, 2008; Welch, 2003). In this literature review, the events and decisions that helped shaped the future will be examined and explored in the text to understand their impact on the music business. Ahmet was one of the influential people in the early stages of the music industry (Greenfield, 2011). When he met all the guys with independent record companies and decided they were ‘a bunch of third-rate crooks’, he like Rothchild jumped on the opportunity to get into the record business and eventually finding Atlantic records with Herb (Greenfield, 2011: 40; Goodman, 1997). But not all independent record labels were third rate crooks, Morris Levy, started from an independent record company, Roulette and was an important figure in the early stages of the music business (Dannen, 1990). He was described as the octopus of the music industry with his influences and connections, especially with the mafia who were heavily influential in many parts of the States. This would set the precedent for the future rap industry in which the themes of alcohol, stripper, violence and drugs are common and run by gangsters....
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...organization. Look for information about the company on the web to gain further insight into the company, and prepare a brief description of the business. Banco De Oro - The product of a merger heralded as unprecedented in size and scale in the Philippine banking industry, Banco De Oro Unibank (BDO) today represents a firm consolidation of distinct strengths and advantages built over the years by the entities behind its history. More importantly, BDO is an institution that does more than honor its past; it continues to improve on its present, and moves with innovation and dynamism toward an even stronger future. BDO’s reputation as a full-service universal bank remains as formidable as ever. It has the ability to provide a complete array of industry-leading products and services to the retail and corporate markets including Lending (corporate, commercial, consumer, and SME), Deposit-taking, Foreign Exchange, Brokering, Trust and Investments, Credit Cards, Corporate Cash Management and Remittances. Through its subsidiaries, the Bank offers Leasing and Financing, Investment Banking, Private Banking, Bancassurance, Insurance Brokerage and Stock Brokerage services. Its institutional strengths and value-added products and services hold the key to its successful business relationships with customers. On the front line, branch banking has continuously been setting high standards as a sales and service-oriented, customer-focused force. Through selective acquisitions and...
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...attention and organizational routines, the situation is likely to heighten the paradoxes facing entrepreneurs. 2. Most SMEs are owned and managed by one individual or a very small group of individuals: the owner-manager makes virtually all the strategic decisions. Ambidexterity: 1. Literally: the ability to use both hands with equal ease. 2. In management: used to refer to an organization’s ability to do two seemingly paradoxical things simultaneously: * To explore and exploit * Be efficient and be flexible * Align and adapt Distinction between exploration and exploitation (March): * Exploration: includes things like research, variation, risk-taking, experimentation, play, flexibility, discovery, innovation. * Exploitation: includes thing like improvement, choice, production, efficiency, implementation, execution. According to March, organizational ambidexterity has been traditionally viewed as an organization-level construct that manifests itself in an organization’s explorative and exploitative attainments. Managers who strive to engage in both exploration and exploitation face a paradox: while exploration and exploitation complement each other in generating a high level of performance, the...
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...Technological Development ITS325-1: Technology, Ethics, and Global Community Colorado State University- Global Campus Amy McLaughlin May 25, 2014 Introduction The world is rapidly changing and we are in continual pursuit of faster and more gratifying solutions. This paper gives an overview of society’s use of technological evolution to compensate for our need for instant gratification. It will also take a look at the technology of video chat and how this innovation may potentially change our ways of communication and travel. Telegraphs Effects on Society As a result of Samuel Morse’s telegraph cross country communication improved vastly. The telegraph’s role was completely transformed by 1880, becoming crucial to the political and economic life of the nation (Winston & Edelbach, p. 40, 2014). After the Atlantic cable was completed, the speed and frequency of the communications between nations increased, forever changing the political landscape (Winston & Edelbach, p. 39, 2014). The use of telegraphs became integral to society. It was the lifeline for newspapers. President Lincoln’s balloon corps took off in 1861. The primary reason for the corps’ existence was the fact that the balloon was equipped with a telegraph (Army Balloon Corps, n.d.). The operator was able to give real time information regarding the movements of enemy troops. This could then be reported to the ground troops, thus giving us the first aerial telegram. Railroad companies used it...
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...ceremoniously opened the bank on 1 August. The English government introduced the banking arm for its government oriented businesses. Two years later, in 1941, BOC started to expand beyond the city of Colombo. It opened its first branch in Kandy. Subsequently BOC added branches in major cities such as Galle, Jaffna, Kurunegala, Batticaloa, Trincomalee, Badulla and Panadura Today having completed more than seven decades of glorious existence, the Bank is firmly entrenched as Sri Lanka’s premier financial services organization offering a broad range of services consists of commercial banking, trade finance, development financing, mortgage financing, lease financing, investment banking, corporate financing, dealing in Government securities, pawn brokering, credit card facilities, off-shore banking, foreign currency operations and other financial services. BOC holds the leadership position in its assets, deposits, and foreign currency remittances. As Bankers to the Nation, BOC reached out to all citizens of the country through its largest network over 600 branches connected online. BOC ATM network over 490 in numbers, serve the people 365 days 24 hours in all 25 districts of the country. The Bank has 13 Subsidiaries and 5 associate companies in its group...
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...is now witnessing intensive efforts due to the growth and success of distributed computing systems in real world applications such as eCommerce, eHealth, eLearning and other eServices. Though at the core of modern distributed technologies, such as multi-agent systems, the ontology issue has sometimes been considered secondary and related issues are underestimated. In this paper, we attempt to address the ontology issue in modern distributed services, and the various problems to be investigated, with special emphasis on eCommerce systems. Our paper illustrates how the semantic-web initiative integrates with ontology. It critically appraises existing solutions, and offers ideas for tackling major ontological issues in eServices. 1. Introduction Distributed systems is the future computing model. This fact is proved by the success of the client-server model and the recent extensions to that model. Maturity of cheap PC, networking and communication technologies contributed to the wide spread adoption of this model. The advent of Internet and the services developed for it gave solid successful examples of distributed systems, even when the underlying network is a hybrid network like the internet. In the next two sub-sections, we address two major technologies that will have significant impact on the future of distributed systems. 1.1 Web revolution and eServices The world wide web (W3) was one of the most...
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...1909, as the Anglo-Persian Oil Company, Ltd. The current name was adopted in 1982. BP Shipping, which is a subsidiary of BP Holdings, the same parent of BP, was founded in 1915. It is the oldest continuously operating entity in the BP group, tracing its roots back to the creation of the British Tanker Company Limited in 1915, formed to ship Anglo-Persian Oil Company oil from the Persian Gulf to the United Kingdom. In 1981 the unit was renamed BP Shipping Limited to reflect the subsidiary’s “growing involvement in wider shipping and maritime affairs.” The subsidiary currently operates semi-autonomously from its parent company. It is charged with carrying 50 percent of BP’s oil using its fleet and for brokering transportation for the other 50 percent. It is responsible for brokering any excess capacity vessels may have on return trips, as well as any other capacity not needed by BP. The red lion ‘rampant’ on the company house flag dates back to 1954 but was re-introduced in its present form in 1984. The company began life carrying oil products from Persia. The first BP-owned oil tanker was the British Emperor, acquired in 1916. Company ships operated throughout the Second World War when more than 22 BP ships and 650 BP seafarers were lost at sea. Nine BP Shipping vessels received battle honours in the Falklands conflict of 1982. In the mid-1980s the BP-owned and operated fleet totalled more than 100 ships. A strategic study led to the rationalisation of the fleet and by the...
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...Big Data/Predictive Analytics First Last Name Name of the Institution Big Data/Predictive Analytics Introduction There has been a controversial debate about the big data and the predictive analytics. With the evolution of technology and innovation, one fact needs to be appreciated that, the concept of the big data and the predictive analytics is here to stay. So it is up to the users to learn to deal with it and manage it to offset any adverse effects that may result. The proponents of the big data argue that the big data is advantageous, and the 21st-century generation benefits more from the big data and predictive analytics than the harm that the big data poses to their lives. The bottom line of the matter, however, is that, big data interferes with human’s privacy, ethics, and any unauthorized third party can access the personal data for evil purposes or their benefits. The definition of the big data takes the “3V” form; High-volume, high-variety and high-velocity information that demand the innovative forms of processing, cost-effective for improved insight and decision making. This technological definition does not encompass the societal aspect and. Therefore, it can be argued to be one-sided definition. To incorporate the societal aspect, the definition needs to be viewed in a broader manner so that the aspect of data analytics can come in. In this regard, the two terms can work together so that a meaning of full terms big data/ data analytics can denote the cloud...
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...Robber Barons Nikki Jakus – 5th In 1859, Frederick Douglass delivered a lecture in which h explained America's success as the effect of men's drive to conquer each new frontier they were faced with, whether it was the mysterious West, or the struggle for land and resources. They used theses invisible walls as motivation to fuel their drives in building a new nation from nothing. Thus the American Dream was born. These men, those who, born with none of the advantages/privileges of others yet managed to become great successes through their own hard work and determination, became known as Self Made Men. Rugged, independent, and driven: they became pioneers of their time. They lead the way in progress and innovation during the Gilded age. One of history's best know examples of a Self Made Man is Andrew Carnegie, the Steel king . Born in Scotland to hand loom weavers, his family immigrated to America when the mechanization of the cotton industry put them out of work. They settled down in Allegheny, PA where Carnegie worked as an errand boy in a textile mill to support his financially struggling family. He soon gained a job in a telegraph office where he proved himself dedicated when he memorized addresses and names. When his father died he was left the sole supporter of his family at age 20. With little education, Carnegie taught himself at the library and night school. While in the telegraph industry, he proposed new ideas that increased profit in Railways and communication...
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...Elements and Drivers of International Business 1. Globalization of Markets: It refers to the merging of national markets into one huge global marketplace. Now selling internationally is easier due to falling barriers to cross-border trade. A company doesn’t have to be the size of these multinational giants to facilitate and benefit from the globalization of markets. It is important to offer a standard product to the worldwide. But very significant differences still exist between national markets like consumer tastes, preferences, legal regulations, cultural systems. These differences require that marketing strategies in order to match the conditions in a country. To illustrate, Wal-Mart may still need to vary their product from country depending on local tastes and preferences. 2. Globalization of Production: It refers to the sourcing of goods and services from locations around the world to take advantage of national differences in the cost and quality of factors of production. The idea is to compete more effectively offering a product with good quality and low cost. For example, Nike is considerate one of the leading marketers of athletic shoes and apparel on the world. The company has some overseas factories where has achieved a super production with low cost. Unfortunately Nike has been a target of protest and persistent accusations that its products are made in sweatshops with poor working conditions. The company has signalled a commitment to improving working conditions...
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...Cloud Computing Reginald L. Butler Dr. Jim Marion CIS 109 September 10, 2013 Cloud Computing History and Origns This quarter at Strayer University I took a course called Intro Management Information Systems online. There were many concepts and technologies we studied, but the one I was most fascinated about was Cloud Computing. Cloud technology has become very popular among consumers over the past decade. The tech is used in a wide variety of electronic devices such as PC’s, smart phones, tablets, streaming devices, etc. Even more important is the impact of cloud computing on the business market. They ways in which a company can use the cloud are limitless if they so choose to invest in the technology. Recently, both Sony and Microsoft stated that cloud technology will play a pivotal role with their next generation consoles coming out this fall. With all the talk of cloud computing going on today one has to wonder how did it become so popular? What are the origins of this new found tech and what will cloud computing evolve to in the future? Cloud computing is a technology that the world is just becoming familiar with, but the tech is not new. According to Wallace (2013), cloud computing was once referred to as “on-demand infrastructure” and has been around since the mid 90’s. Latter in 1995, the on-demand infrastructure was known as “Shared Web Hosting” which features included multi-tenant, automated provisioning, and an easy-to-use interface or (UI) as it’s known...
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...core competence, de-layering management hierarchies and outsourcing a wide range of activities. New firms eschewed growth through vertical integration and instead sought alliances with independent suppliers and/or distributors.” Summer Miles, R. & Snow, C. Causes of Failures in Network Organisations, California Management Review, 1992, pp. 53-72 4 Marketers and Distributers Producers Designers Suppliers 5 Globalisation • Competition has reduced all margins; thus, firms must cut costs and improve efficiencies – economies of scale • Strong new players at every stage of the value chain Technological Change and Technology Transfer • Shorter product life cycles • Lower barriers to entry, firms have become ‘stateless’ and can move freely across international boarders • Faster, lower cost communications and computer technologies Deregulation • Legal and policy changes produce uncertainty and increase competition Changing Workforce Demographics • Domestic workforce is becoming more mature, diverse and less well...
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...quality of information; user needs and expectations; information and communication technology competencies and infrastructure; inflated cost of information resources; and staffing needs. However, although these challenges have continued to prevail, libraries working under collaborative initiatives like the Consortium of Academic and Research Libraries in Illinois (CARLI) have registered tremendous success. This thesis reports the findings of a thorough study to establish the factors that have led to the success of CARLI and how such success factors can be applied in libraries of developing countries like Uganda. Emphasis is placed on the establishment of CARLI leadership, the sharing of responsibility and decision making processes as well as sources of funding for the consortium. Also central to the research study is exploration of the role and responsibility of participating member libraries and their contributions to and expectations from the consortium. I contend that lack of funding to facilitate consortium activities is not the central factor in the failed progress of the planned consortium activities in Uganda, rather it is the lack of committed leadership and cooperation among participating libraries that is responsible for the lack of progress. In any kind of organization or cooperation like a library consortium, funding has never been enough due to ever changing technologies and...
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...Iridium, a 485 miles view The name Iridium is derived from the chemical element “Iridium” which has an atomic number of 77. The original architecture of Iridium had 77 satellites, but later the altitude was raised, leading to a 66-satellite constellation(1). 1) What were some of the problems of mobile phone services during the 1990s? In early 1990’s with the use of digital voice coding and digital modulation, the 2G - Global System for Mobile communication (GSM), technology was introduced and some limitations of 1G were addressed. GSM increased bandwidth, allowing addition of more customers, and the rapid increase in customer base was not followed by a rapid increase in cell sites (towers) to provide better signal quality to expand the CPC (Cell Phone Coverage). Narrow service region resulted in poor signal quality causing dropping calls, chopped conversations and frustrated customers. Also the different communication technologies, such as GSM, TDMA, WCDMA, GPRS, HSCSD,(2) used by different telecom companies within a country and across continents generated roaming fee and also the incompatibility of devices among different carriers. The three main problems of mobile services during the 1990s were (1): Signal Quality, Roaming fee and Infrastructure problems. 2) What are the advantages of the satellite phone service over the cell or PCS phone services? When compared to cell phones services, satellite phones services have strong signal everywhere in the world with access...
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