| Companies that successfully innovate also successfully manage change | INNOVATION & CHANGE MANAGEMENT MHN221935-12-A | Malgorzata Glowacka S0915718 International Tourism & Hospitality Enterprise | Innovation and change management have been and continues to be an important study on a number of levels. It plays significant part in economic growth as well as it is vital for firms’ survival and development. New ideas‚ new approaches and new products become
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Case: Innovation at 3M Corporation What had been 3M’s traditional approach to innovation? Product developers at 3M generally relied on more traditional methods of seeking marketing input. They collect data from sales representatives‚ focus groups‚ customer evaluations‚ site visits‚ and data on risk factors for diseases. Product developers mainly focused on finding new angel or twist on early trends and basically didn’t have direct access to customers. In 3M‚ Sales representatives contacted with
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lau@gmail.com Wednesday 12pm THE DIGITAL PEN Question 1: Technology Evolution Is it an incremental or radical innovation? The innovation of the digital pen that we see today has been incremental over time. Using existing concepts from the traditional pen and combining it with the modern computing platform we use on a day to day basis. Some may argue that the innovation of the digital pen was radical because it provides a fundamentally new concept of being able digitally record‚ link and
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of developed countries attempt to move their established products to the developing world. However‚ the customers’ needs of developed countries are different from the needs of developing countries’. The articles referring the frugal and reverse innovation indicate that customers of developed countries need high-end products. On the contrary‚ most customers of developing countries need middle-class and below products. The articles mention that the high-end market has little room for marginal profits
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The relationship between shape and diffusion rate Aim- To investigate the relationship between the shape of an object and the time taken for a substance to diffuse to its centre. Hypotheses- Part A) The 5x5x2.5mm block will turn clear first as the Surface area to volume ratio is high and the 10x10x10mm block will take the longest to completely diffuse the Acid to its centre. Part B) The flat‚ rectangular block will be the first to completely turn clear due to its high Surface Area/Volume Ratio
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November 26‚ 2012 Basic Sciences 1 – News Essay New Surgical Technology: Adoption or Diffusion? This article raised an interesting subject: surgeons and patients seeking improved treatment often forget that a new technique is not necessarily a better one. Human body with its health problems remains the same but the surgical technology is always moving towards progress. People develop new surgical tools and new surgical procedures constantly. However‚ do we carefully test all these new tools
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Question 3: What is reverse innovation and what role do you see it in playing in GE’s future? Reverse innovation is a term to describe products that are designed in the emerging markets and subsequently being sold globally. Figure 1 indicates a tremendously change in GE’s revenue sources. This signifies a successful international expansion. Figure GE Total Revenue by Region Source: Compilations – Case Studies on Strategic Management‚ Case 19-Healthymagination at GE‚ pp 262 & Exhibit 10a.
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Innovation Coca-Cola started its life as an innovative‚ new product that sought to quench the thirst of the Atlanta work force. While the target market may have expanded greatly over the past 128 years‚ that culture of innovation has stayed strong throughout the company. This innovation‚ however‚ as seen throughout the case study does not come from the hugely generalized‚ or even perfected‚ industry of the production‚ bottling‚ and distribution of Coke. Instead it comes from areas outside of Coca-Colas
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Aim:To discover what factors affect the rate of diffusion of potassium permanganate crystals in water. Statement:What will happen? How will room temperate solutions or heated solutions increase the rate of diffusion of the potassium crystals?Hypothesis:Heat will speed up the process of diffusion because heat will give out energy that will be able to speed up the process of spreading the potassium molecules. Materials:WaterVinegarPermanganate crystalsBunsen Burner IceGlass beakersSoapy waterProcedure:1
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Toyota Innovation Lecturer: Dr. Barbara Igel Group members: Mr. Nguyen Hoang Hai Ms. Pham Thi Thu Hoai Ms. Kieu Phuong Ly 1 Toyota Introduction • • • • Established: 28 August 1937 Entrepreneur: Mr. Kiichiro Toyoda Total unit sold (up to July 2012): 200mil cars Company achievement: Product development motivation Extraordinary capability to manage large & global product development portfolio Launch more new vehicles than competitors Consistently deliver winners Continuous
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