Strategy Innovation Essay Example for Free

Strategy Innovation Essay â€Å"Strategy innovation is the capacity to re-conceive the existing industry model in ways that create new value for customers, wrong-foot competitors, and produce new wealth for all stakeholders. † (Hamel, 1998) This quote is used by Schoenberg to highlight the importance he places on strategy innovation, and the main two drivers of strategic innovation he cites: industry factors and firm factors. However, although there is wide ranging agreement with this view, there are also several dissenting voices amongst the academic community, who often view other factors, and drivers, as being more important to the success of a firm. One key area where factors outside the firm and industry have a great impact is in the social and environmental pressures facing business, which many companies have become increasingly aware of over the past decade. Many management scholars and consultants have argued that these new demands offer terrific opportunities for progressive organizations, and innovation is one of the primary means by which companies can achieve sustainable growth. (Johnson et al, 2005) This argument is backed up by the view that companies that ignore these pressures do so at their own peril, but the reality is that managers have had considerable difficulty dealing with sustainable development pressures. In particular, their innovation strategies are often inadequate to accommodate the highly complex and uncertain nature of these new demands across the economy and social spectrum as a whole, partly due to an excessive focus on the firm or industry (Hall and Vredenburg, 2003) Indeed, a strategy that integrates the goals of innovation and sustainable development is needed to ensure sustainable competitive advantage, rather than conventional, market-driven innovations approaches. Sustainable development innovation (SDI) (Hall and Vredenburg, 2003) is in fact driven by science that has yet to be accepted fully by the scientific, political and managerial communities, and the industry sector Amid such uncertainty, sustainable development innovation is often difficult and risky, however when faced with increasing pressure to consider sustainable development, many organizations have revised their business models and innovation strategies, and these changes are often highlighted in corporate sustainability reports and Web pages. Hall and Vredenburg, 2003) Hart el al (2003) looked at the most fundamental part of the strategy innovation process: new product development (NPD). They looked at criteria such product uniqueness, market potential, market chance, technical feasibility, and intuition, and found that these decreased as the NPD process unfolded. Overall they found that the success rate of NPD usage could be modelled by a model which held true across firms of different sizes, holding different market share positions, with different NPD drivers, following different innovation strategies, and developing different types of new products. Hart et al, 2003) This is yet another indication that there must be other factors at work besides the basic industry and firm drivers. Another viewpoint on the subject of innovation is that the very essence of a company is its values and priorities: what it considers important, and where its investments are made? Thus, a host of values and priorities, and combinations thereof, underlie business strategies. (Grant, 2005) Some firms have a cost-driven culture that supports a value position in the market place, whilst othe rs place priority on delivering a prestige customer experience. Aaker (2004) claims that innovation, quality, and customer concern are the three values and priorities worth highlighting because they are so frequently seen as drivers of corporate brands, however, the question must always be: has the firm provided customer benefits by being innovative? A reputation for innovation enhances credibility, however, it is not easy achieving an innovative reputation, and firms are often better advised to focus on providing quality and value. Aaker, 2004) Schoenberg’s arguments are also heavily based on the concepts of strategic positioning (Porter, 1980) and the resource based view (Barney, 1996), although he does not make overt references to these theories. However, the influence of previous strategy writers is clear throughout his piece: â€Å"value gap analysis is equally relevant to the Who question of strategy and to market positionings based on differentiation. (Schoenberg, 2003) helps to place his work in context with that of Porter’s (1980) Also, â€Å"The implication for those that seek innovative strategies is: does the proposed form of strategy innovation fit with your core competences? † shows that he is developing Barney’s resource based core competencies, within the context of innovation strategies, in order to ensure that his concepts remain relevant to organisations. Indeed, Schoenberg clearly states in his conclusion that he believes strategy innovation does not â€Å"represent a radical departure from onventional approaches to strategy formulation† (Schoenberg, 2003) and that it is merely a method for combining the two main strategy theories, which have often previously been viewed as being contradictory. Indeed, Johnston Jr. and Bate (2003) outline five phases to help firms innovate: staging, aligning, exploring, creating, mapping, however they warn that it is important to make sure that managers build into their organizations the capability to continuously innovate so that they become more resilient, and better prepared for future changes. Finally, to be truly considered strategy innovations, new products and initiatives that alter a firms business model must first turn a consistent profit, a fundamental necessity of both Porter’s (1980) and Barney’s (1996) models. Strategy innovation has always been about solving problems for customers in ways that they, not the sponsoring company, perceive to be superior or unique from their present way of addressing those problems. Strategy innovation can be incremental, involving minor changes to the firms business model, resources and capabilities. Or it can be a radical departure, as when a firm decides to make a positioning shift, and market its existing products and services to new customer groups. (Johnson et al, 2005) In conclusion, strategy innovations can occur in any part of an organisation: customer service, marketing, advertising, selling, production or distribution. However, whatever their source, successful strategy innovations have one thing in common: They result from discovering new ways to create value for customers, as measured by bottom-line results to the sponsoring company. Tucker, 2001) New innovations present themselves when companies and their leaders imagine opportunities to do more with their products and services than they have in the past, whether through acquiring or reallocating resources, or altering competitive positioning. Strategy innovation may be spurred by a desire to grow, but this desire should never be allowed to overshadow what the proposed new way of doing business will do for the customers, either existing or future, and the firm as a whole.

Panama Canal :: essays research papers fc

PANAMA CANAL The canal is joining the Atlantic and Pacific oceans. It runs from Cristobal on lemon bay, a part of the Caribbean sea, to Balboa, on the Gulf of Panama. The canal is slightly more than 64 km long, not including the dredged approach channels at either end. The minimum depth is 12.5 m, and the minimum width is 91.5 m. The construction of the canal ranks as one of the greatest engineering works of all time. In history people had interest in a shorter route from the Atlantic to Pacific. This began with the explorers of Central America early in the 16th century. Hernan Cortez was a Spanish conquer of Mexico who suggested a canal across the Isthmus of Tehuantepec. Other explorers had favored routes through Nicaragua and Darien. The 1st for a canal through the Panama was started by Holy Roman Emperor Charles V, Who in 1523 ordered a survey of the isthmus. A working plan for the canal was drawn up as early as 1529, but was shown to the king. In 1534 a Spanish official suggested a canal rout e close to that of the present canal. Later more of the canal plans were suggested but no action was taken upon any of these plans suggested. Later on there is more in the canal. The Spanish government abandoned its interest in the canal but in the early 19th century the books of the German scientist Alexander von Humboldt brang back the interest in the project of the canal, and in 1819 the Spanish government formally authorized the construction of a canal and the creation of a company to build it. Nothing came of this effort, however, and the revolt of the Spanish colonies soon took control of possible canal sites out of Spanish hands . The republics of Central America tried to interest groups in the United States and Europe in building a canal, and it became a subject of perennial debate in the congress of the United States. The discovery of gold in California in 1848 and the rush of would-be miners started the United States interest in digging the canal. Various surveys made betw een 1850 and 1875 indicated that only two routes were practical, the one across Panama and that across Nicaragua. In 1876 an international company was organized. Two years later it obtained a concession from the Colombian government. Panama was then part of Colombia to dig a canal across the isthmus.

Pakistani Girl Got Shot

Pakistani girl got shot In the last century,women empowerment movements swept across Europe clamoring for gender equality. The successful struggle granted girls and women the right to education in many countries. Nevertheless,until today,the blessing hasnt reached Pakistan. Falling into the shadow of Taliban,universal education is nothing more than a pipe dream to many girls there. Malala,a 15-year-old activist who promoted women's right to education in Pakistan was shot in the head by Taliban militants on her way home on October 19th.Despite being swiftly sent to a hospital in Britain,the life of the young heroine was at stake. The heinous attack sent shock waves through the nation and fanned up the indignation of the international community. ‘ believe while international community should fght against the Taliban militants ,the Pakistan government and people are responsible for the tragedy Mingled with rage and appal,' found the case of Malala was Just the tip of the iceberg i n Pakistan. ‘ condemn the unforgivable acts of the Taliban militants and believe theInternational community shall counteract these subversive beasts at all costs. Education is a universal right and nobody should be denied access to it. lt is never confine to a gender or race. Therefore,for the sake of Justice and peace,The international community should follow the Taliban millitants to the end of the Earth while giving profuse support to the victims. The Pakistani government,though menaced by the Taliban militants,should not watch the battle with folded arms. Apart from lives and properties,a responsible overnment should safeguard the rights and freedom of its people.Education,without doubts,is among the basic rights. Sadly to say,the education system in Pakistan is still a crawling toddler. People languish at the bottom of the world literacy list due to the fact that the government drains away immense resources on military defense. Without the government's sincere support of education for its people,no wonder terrorist suppression on girls' education remains unchecked for ages. In addition,the deprivation of education of many girls has much to do with the vicious ocial practice in Pakistan.Girls drop out of school early to Join parents at work while some are married off as teenagers. consequently,girls could not climb up the social ladder when they grow up and poverty haunts them for good. The lack of support from parents is also a decisive factor favoring the Taliban's crackdown on education. To save countries like Pakistan from miseries,' hope the international peacekeeping values. Last but not least,may Malala and other victims speedy recovery,may education become universal and may the world a long-lasting peace.

Informative Speech Electric Cars Word - 1039 Words

Informative speech Electric Cars Introduction Attention Getter: Central Idea: State an interesting new facts about electric cars. Preview of main points: Today I am going to talk about history of electric cars, where is electric cars today and finally we will explore what is to come of electric cars in the future. Body I. The history of the electric cars A) Where do the electric cars come from? B) When they was billed in the US? C) How they grow up in our country? II. Where are the electric cars today? A) Some statistic B) Top current companies/manufacturers that sell them. 1) Chevrolet Vol 2) Nissan Leaf 3) Toyota Prius Plug-in Hybrid 4) Tesla Model C) How much does it is cost? D) Where can someone find a†¦show more content†¦People believe if there were more plug-ins the electric car will be the future of cars. What will Electric Cars be like in the Future? Conclusion: The movement to electric vehicles has been a slow process. It has always been dictated by consumer desires, price, and practicality. There are predictions that the electric car market will reach 7% of total car sales by 2020, and there are some who think the market will be much bigger by then. We’ll see! In this speech I have explored the history where they are today, and what is to come of electric cars. The electric car will get you to where you want to be without polluting the air. As Jay Leno once stated after driving the Tesla electric car, â€Å"If this is the future, I’m not thatShow MoreRelatedTesla and Gm Proposed Merger9214 Words   |  37 Pagesand sell the world’s best cars. Conversely, Tesla’s can utilize GM’s manufacturing facilities and distribution channels to exercise economies of scale and achieve their goals of making electric cars available to all social classes. In addition, Tesla can use GM to help them with their finances cutting their debt to the U.S. government. Moreover, with the synergies between these two companies, the cost of electric vehicles will be affordable. The cost of electric vehicles today makes themRead MoreAn Study And Analysis Of Actual Language Used Is The Goal Of Text And Discourse Analysis10383 Words   |  42 Pages902) notes that; ellipsis is regarded as universal property of natural language, but its scope and means of realization are not alike substantially from language to language. Ellipsis can be considered as having a double function: informative and stylistic. The informative function is related to effective means of communication where it is necessary to avoid redundancy. However, text linguists agree that stylistic function is concerned with cohesive style. The existing of ellipsis is everywhere linguisticRead MoreCulture in Marketing Essay4606 Words   |  19 Pagesnot individual families. Technology and Material Culture This aspect relates not to materialism but to the local markets ability to handle and deal with modern technology. Some cultures find leaving freezers plugged in overnight or servicing cars and trucks that have not yet broken down difficult concepts to understand. In instances such as these the organisatin is often faced with the choice of either educating the population( expensive and time consuming or de-engineering the product orRead MoreLanguage of Advertising20371 Words   |  82 Pagesan awareness about old and new products and services. So three main objectives of advertising are: (1) to product knowledge about the product or service; (2) to create preference for it; and (3) to stimulate thought and action about it. But the word is also used to cover a much broader range of activities – from design to public relations. Advertising belongs to the modern industrial world. In the past when a shopkeeper had only to show and tell about his goods to passers-by, advertisingRead MoreMetz Film Language a Semiotics of the Cinema PDF100902 Words   |  316 Pagesunfamiliar with the concepts and terms of semiotics. Excepting the inadequate translation of a few words which either cannot be translated into English or only approximately translated, few semantic and stylistic improvements are needed and the translation does justice to Metz s text. In some instances, usage did not adopt Michael Taylor s solution. The most glaring example of his innovative translation is the word significate now usually translated by signified (signifià © in French)—which is used throughoutRead MoreEthical Companies12021 Words   |  49 Pagesinnovative ideas that benefit the public and forcing their competitors to follow suit. The World’s Most Ethical Companies designation recognizes companies that truly go beyond making statements about doing business â€Å"ethically† and translate those words into action. WME honorees demonstrate real and sustained ethical leadership within their industries, putting into real business practice the Institute’s credo of â€Å"Good. Smart. Business. Profit.† This year, there are 110 World’s Most Ethical CompaniesRead MoreEffect of Television Research6869 Words   |  28 PagesThere are some notable exceptions which will be covered here in this special section.† The time period after World War-II is considered the last and final birth of television. Families had accumulated savings during the war years to purchase homes, cars and other luxuries denied them during the war. Television sets were soon added to the must have list. The explosion of sets into the American marketplace occurred in 1948-1949. A few years later, the post-war sales boom for England followed. (TelevisionRead MoreBrand Building Blocks96400 Words   |  386 Pagescontrol of the organization, cause many of the formidable problems facing brand builders today. 1. Pressure To Compete On Price There are enormous pressures on nearly all firms to engage in price competition. In all industries from computers to cars to frozen dinners to airlines to soft drinks, price competition is at center stage, driven by the power of strong retailers, value-sensitive customers, reduced category growth, and overcapacity (often caused by new entrants and by old competitors hangingRead MoreLogical Reasoning189930 Words   |  760 Pages.......................................................................................... 37 Rewriting Arguments in Standard Form .......................................................................................... 38 Conditionals and the Word If ............................................................................................................. 40 Deductively Valid and Inductively Strong....................................................................................... 43 Read MoreThe Central Nervous System14042 Words   |  57 Pageshypothalamus, and the hippocampus. The amygdalaamygdalaA region of the old brain primarily responsible for regulating our perceptions of, and reactions to, aggression and fear. consists of two â€Å"almond-shaped† clusters (amygdala comes from the Latin word for â€Å"almond†) and is primarily responsible for regulating our perceptions of, and reactions to, aggression and fear. The amygdala has connections to other bodily systems related to fear, including the sympathetic nervous system (which we will see later