Subway Innovation Report Subway is the name of a franchise fast food restaurant that mainly sells sandwiches and salads. It was founded in 1965 by Fred De Luca and Peter Buck. The corporation that owns the trademarked name of Subway is Doctor’s Associates‚ Inc. (DAI). The company has over 28‚400 franchised units in 87 countries as of September 2007 and is the fastest growing franchise in the world. It is currently the third largest fast food chain globally after YUM! Brands (34‚000 sites) and McDonalds
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INNOVATION AT 3M CORPORATION: CASE STUDY There are two major issues highlighted in this case study: 1. Is the ‘lead-user’ process‚ an effective method for research and subsequent product innovation? 2. Should the Medical-Surgical Markets Division (MSMD) lead-user research team present its revolutionary new approach to treating infection to senior management despite the fact that it challenged the existing business strategy? QUESTION 1 The answer to the first question is ‘yes’. By the
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7 Quality Tools Cause-Effect Diagrams Flow Charts The 7 Quality Tools for Process Improvements Pareto Chart Where did the Basic Seven come from? Kaoru Ishikawa • Known for “Democratizing Statistics” • The Basic Seven Tools made statistical analysis less complicated for the average person • Good Visual Aids make statistical and quality control more comprehendible. What Is a Flowchart? A diagram that uses graphic symbols to depict the nature and flow of the steps in a process
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The Innovation Value Chain of Outbound Open Innovation Yan Ailing1‚ Jiang Hong2 School of Business Administration‚ Zhejiang Gongshang University‚ Hangzhou‚ China. E-mail: alyan@foxmail.com. 2 Institute of Policy and Management‚ Chinese Academy of Science‚ Beijing‚ China. 1 Abstract Open innovation is the focus of academic attention. As one type of open innovation‚ outbound open innovation is central to the survival and growth of firms‚ and ultimately to the health of the economies of which they
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Brooke CLICHÉ is a time-worn phrase used to explain thought or feeling. They are usually images that have lost their power to surprise because of over-use. eg. like a bat out of hell or as old as the hills or he’s a cold fish. CONNOTATION is an idea or feeling associated with a word. Some words have richer associations than others eg ’house’ may be the building in which you live but ’home’ refers to the same object and has associations of warmth‚ family‚ security. CONTEXT The range of personal
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‘Discuss the relationship between entrepreneurship‚ innovation and economic development. What role do creativity and problem solving play in this relationship? Refer to both theory and examples from the business world to support your discussion.’ In today’s fast-paced competitive environment‚ one of the most impressing concerns is the condition of economy. Since economies have closely associated with human beings’ living condition‚ salary‚ welfares and the trust of government. Especially‚ recent
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Creativity in contemporary cultural production Both ’genius’ and ’creativity’ are terms often used in contemporary Western culture in relation to many different forms of work‚ such as music‚ science‚ art and literature. However‚ the extent to which the notion of ’creative genius’ is either useful or relevant in contemporary Western culture is not certain and remains an object of discussion and debate. Duncan Petrie (1991:1) says‚ "the idea of creativity is bound up with notions of change‚ development
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Unit 082 Promote Creativity and Creative Learning in Young Children. Outcome 1: Understand the concepts of creativity and creative learning and how these affect all aspects of young children’s learning and development. 1. Analyse the differences between creative learning and creativity. Creativity involves being imaginative and original. Creative learning is about problem solving. Creative Learning: Creative learning is about how children are actively involved in their own learning
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Innovation generally refers to renewing‚ changing or creating more effective processes‚ products or ways of doing things. Innovation in your business means doing something new‚ different‚ smarter or better that will make a positive difference. Innovation can be a catalyst for the growth and success of your business‚ and help you adapt and grow in the marketplace. Being innovative does not mean inventing; innovation can mean changing your business model and adapting to changes in your environment
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accomplishment derives from the Paleolithic era. These beginnings of mankind could be considered our most important. The first tools were developed‚ stone tools used to shape wood‚ dig for food‚ or weaponry. The progression in tools shows the growth in thinking‚ first using objects for tools then creating tools to fit a certain need such as sharpening stone for cutting. Tools were used to fashion weapons like a bow and arrow. Man learned how to make fire with friction for heat and cooking food (Baldwin)
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