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Action Plans of Whirlpools Innovation Group - Essay Example

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Summary
The paper "Action Plans of Whirlpools Innovation Group" discusses how Whirlpool’s Innovation Group has grown over the last few years. During 2015, the company registered net earnings of $ 191 million compared to what it registered of $ 160 million for a similar prior-year period…
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Extract of sample "Action Plans of Whirlpools Innovation Group"

As the group's vision suggests, this year we will ensure that Whirlpool’s Innovation Group gets a proper name by ensuring that Whirlpool products are the most preferred brands in the associated home of the near future. We will also ensure that every activity that is being carried out in the organization is in line with the mission by ensuring that our products empower our clients in homes across the world.

Ladies and gentlemen, Whirlpool’s Innovation Group has set various goals to ensure that the company achieves its mission including; identifying technologies central to the connected goals, integrating Whirlpool products with the connected home, and ensuring that new technologies make customers’ lives easier.
In addition, Whirlpool’s Innovation Group has gone a step further in developing various corporate ventures. For instance, Whirlpool’s Innovation Group recently developed a partnership with universities (Smart Zones) as well as Tech Scouting.

To achieve its various goals and objectives, Whirlpool’s Innovation Group is planning to establish a presence at one or more Smart Zones for developing connected home technologies for Whirlpool. Additionally, it is planning to establish a scouting group to investigate developments in connected homes. Last and not least, Whirlpool’s Innovation Group is planning to Leverage Smart Zone presence to facilitate technology scouting.

As I close, allow me to stress on the action plans, if Whirlpool’s Innovation Group manages to effectively implement these action plans success will be automatic. The number of connections will determine the metric of our actions home our products are released to the market (Whirlpool Corporation, 2015).
On behalf of the management, I would like to place on record my sincerest appreciation for the support extended by the company in the establishment of these action plans. Thank you for your cooperation. Read More
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