GENERAL DESCRIPTION This innovation‚ originally developed by Microsoft under the codename of Project Natal‚ was finally released under the Kinect name on November 4‚ 2010 and entered the Guinness World Record Book by being the fastest-selling customer electronics device . Even though it was initially designed for video games‚ it now applies to real-world uses. Kinect is a motion-sensing system based around a depth camera that enables the user to control and to interact intuitively‚ and especially
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www.hbr.org SPOTLIGHT ON INNOVATION These strategic moves can reduce the costs of R&D today without sacrificing tomorrow’s growth. How Open Innovation Can Help You Cope in Lean Times by Henry W. Chesbrough and Andrew R. Garman • Included with this full-text Harvard Business Review article: 1 Article Summary The Idea in Brief—the core idea 2 How Open Innovation Can Help You Cope in Lean Times Reprint R0912F SPOTLIGHT ON INNOVATION How Open Innovation Can Help You Cope in Lean Times
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1. Evolution of 3M’s innovation process 1.1 Shift in Management’s Goal on Innovations The innovation process shifted away from innovating incremental products or product line extensions to radical products that are completely new to the market. Emphasizing the importance of this shift‚ 3M’s top management has set a new objective to generate 30% sales from radical products. 1.2 Traditional Market Research Traditionally‚ 3M hired market researches to understand the market trends. Other market
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An integrated approach to strategy innovation Richard Schoenberg There have been some striking examples of strategy innovation in recent years – consider companies such as easyJet‚ Direct Line Insurance or the retailer Zara – and a growing body of academic literature has emerged on the topic. This article attempts to distil a number of the major insights offered to date‚ with the aim of providing executives with an integrated approach to strategy innovation. It includes techniques which can be
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countries‚ are taking measures to inspire entrepreneurship and innovation with purposes of benefiting economic development from these competitive advantages (Stoneman‚ 1995; Zhao‚ 2001). It is universally held that entrepreneurship and innovation are complementary and their combination can efficiently contribute to economy performance (Grupp‚ 2001; Stoneman‚ 1995). During the transfer from idea creation to eventually economy development‚ innovation is supposed to be a necessary condition‚ but it also demonstrates
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INNOVATION MANAGEMENT 4Ps of innovation and Reliance 4Ps Author: Charanpal Singh Written Date: 20 July 2014 Email id: Charanpalsingh65@gmail.com Table of Contents Topic Page no. 1. Introduction -----------------------------------------------1 2. 4ps definition and understanding----------------------1 3. 4ps framework of Reliance------------------------------2 4. Reliance overview and tasks done--------------------2 5. Company’s strengths
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Assignment 2 Limitations of the S-Curve 1. Companies use the technology S-curve analysis as a tool in planning a technology strategy for the organization. It has been observed that technology develops in an S-curve pattern. In the beginning progress for any new technology is slow. As an expertise in the technology builds up‚ progress moves at a rapid pace. After a while‚ however‚ the technology matures and progress slows (Shane‚ 2009). S-curve analysis is not only used to plot the development
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Griffin - Management‚ 8th Edition Chapter 13 - Managing Organizational Change and Innovation 1. The Nature of Organization Change – any substantive modification to some part of the organization a. Forces of Change i. External Forces - derive form the organization’s general and task environments ii. Internal Forces – a variety of forces inside the organization may cause change as well b. Planned Versus Reactive Change i. Planned change – change that is designed and implemented in an
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Innovation Perspectives – Mechanistic or Organic? This is the seventh of several ‘Innovation Perspectives‘ articles we will publish this week from multiple authors to get different perspectives on ‘How should firms develop the organizational structure‚ culture‚ and incentives (e.g.‚ for teams) to encourage successful innovation?’. Here is the next perspective in the series: by Willings Botha and Andreas Constantinides Innovation is one of the most important pillars on which successful companies
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A Critical Look at the Effects of Open Versus Closed Innovation In the Innovative Firms of the Twenty-first Century June 17‚ 2010 Abstract In today’s fast paced business world‚ which innovation method should companies adopt‚ open or closed innovation? In this paper we will explore the methods of closed and open innovation. Then we will explore the pros and cons of both innovation methods and discuss which method works better in the business world of the twenty-first century. After
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