Select an organization from the following list – that you feel demonstrates sustained innovation. Find information about the organization – you may wish to interview employees, or do some primary-source research about the organization (e.g. through company reports). It is okay to focus on only one innovative aspect of an organization which, in other respects, is not innovative. Describe what identifies that organization or part of that organization as innovative in your estimation. Write a formal paper describing what contributed to that organization being innovative. Identify underlying concepts, techniques, and processes that sets this innovative organization apart from other similar organizations. Provide hypothetical arguments or generalizations as to why you feel this organization is innovative, based on both the innovative blocks they avoid and the organizational attributes they demonstrate. Your paper should be 1,000 words, excluding the title page and reference page. The paper should be written in APA referencing style and format. References are to also follow APA format. A minimum of four references should be included. List of Organizations McDonald’s Walmart Netflix Uber Starbucks Ikea Shopify
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- Please read the article and answer the following questions. In a news release by the Royal Institution of Chartered Surveyors, research is conducted on the opinion of innovation being implemented in business processes and how new and "fresh" thinking is judged as being important. The survey includes their perception of innovation and four key points in analyzing process innovation. What do the results of this survey suggest about general perceptions of the strategic process of managing technology and innovation?arrow_forwardOften, innovation involves approaching an existing idea or product from a new perspective to improve it. Explain the four (4) different types of innovation that you study this semester? Explain your answers.arrow_forwardDo you think one particular innovation strategy is better than the others or do you think businesses should change strategy periodically over time?arrow_forward
- Determine how high-tech start-ups might profit from open innovation partnerships with established "tech sphere" firms by conducting a critical assessment of their business models.arrow_forwardThink about the seven contextual factors in relation to your business and industry over the next three years. Of the seven contextual factors, which ones does your department, unit, or organization need to pay attention to? Which ones will be most impactful? Rank the seven contextual factors from high to low impact. Your responses will remain private. Selecting a ranking will move the item to the chosen spot in the ranked list. Contextual Factors Technology: The impact of new technological innovations in both the products and services that companies produce and provide in addition to the ways in which they conduct business. Consumerism: The impact that consumers have in shaping the ways in which companies produce, market, and sell products and services. Labor: The role that employees and the broader workforce play in shaping the conditions in which businesses operate. Demography: The age, race, gender, religion, ethnicity, family size,…arrow_forwardHow should I organize to enhance innovation outcomes in my firm? What determines when I should make vs. buy? Is there a viable business model in which I can effectively outsource innovation and just buy the ones I see as successful? Can I still "win" financially by making such purchases and acquisitions? If so, how? Firms like Netflix, or even personal brands such as Madonna and Justin Timberlake, have successfully managed across two time periods In effect, they have re-invented themselves to "fit" into a new competitive space. What can we learn from these firms or brands?arrow_forward
- Watch the Ted Talk, "Building a Culture of Innovation"Links to an external site. by Don Buckley (12:19). Write a summary of what you learned from the video. Include the following: Summarize what you learned from the video in 2–3 paragraphs. Include: What were your 3 biggest takeaways? Write at least one way you will apply one of those takeaways in your professional life. Write 3 educational problems you have noticed within your educational background and be prepared to share them in class.Can any firm beat Amazon in the marketplace? If not, why? If so, how can they best do so?arrow_forwardInstructions Read the case: Apple Watch: Managing Innovation ResistanceLinks to an external site. Read also the article Does Elon Musk Have a Strategy?Links to an external site. Note: While reading this article, students should think about how Elon Musk's decisions indicate how he addresses and overcomes barriers to innovation? Write a summary of what you learned from the articles about innovation resistance and barriers to innovation. Include the following: A description of what innovation resistance is. A list of 5 barriers to innovation. Your main takeaways from the articles. How successful innovators like Elon Musk overcome barriers to innovation.arrow_forward
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