We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Comparative study two companies in the same area with regard to their innovation activity - Term Paper Example

Comments (0) Cite this document
Summary
Dong Fang Turbine Co. ltd located in China and Grudfos A/S located in Denmark are two companies operating in the same area of manufacturing as well share similar environmental concerns in their innovative strategies…
Download full paperFile format: .doc, available for editing
Polish This Essay94% of users find it useful
Comparative study two companies in the same area with regard to their innovation activity
Read TextPreview

Extract of sample
"Comparative study two companies in the same area with regard to their innovation activity"

Download file to see previous pages Comparative study two companies in the same area with regard to their innovation activity

This paper look at the companies history in relation to innovation, their respective time of entry, the path-dependencies, factors that influenced their optimal entry timing, transition process, and their motivation and management of the companies resistance. To achieve this, the study is going to employ different concepts such as types of innovation model, BCG Growth-Share Matrix, technology S-curve, SWOT analysis, and Porters 5 Force model. Grunfos A/S is a firm that manufactures pumps with its representative companies distributed across the world having more than 20,000 employees. The three major products produced by the company include submersible pumps, circular pumps and centrifugal pumps producing over 19 million pumps annually. The company’s white paper on its measures on changes in climate indicates that innovation remains the core of Grundfos. Dong Fang Turbine Co.ltd on the other had is an enterprise owned by the state with approximated over 13,000 employees and it has over the years developed to become among the top three leading power equipment companies. To get to this position, innovation has been key to the company’s development leading to the coming up of new wind turbine, thermal power and solar power.

Self regulation in Grundfos has been appreciated as being remarkably exercised and it is deeply committed to the sustainability of the company. Following the fact that the kind of business run by the company remain relevant to the water resources of the world, its innovations have to take into consideration the Corporate Social responsibility. (Keeley and Doz 76). The company has committed itself to cut down on their carbon foot print and reduce their emissions of carbon in the entire cycle of both the services and products they produce, cut down on their water consumption using their value chain, produce pumps that are energy efficient, assist the world in adapting to the changes in climate, low carbon economy and water scarcity and facilitate the awareness linking energy, water and climatic changes. This implies that the main challenge to Grundfos innovation strategies is the state environment thus is has to come up with ways of ensuring that all the environmental regulations have been observed at the same time maximize on its profits. The company has adapted well to this challenge and this can be attributed mostly to its traditional proactive to take part in global environmental concerns such as being part of the establishment of A to G energy labeling that was a voluntary exercise, facilitating the production of educational material as well as funding and running researches and campaigns on environmental issues in the media (Keeley and Doz 120). Companies Endeavors Grundfos innovation strategies have been coupled with organizational adjustments, environmental management systems, and endeavors implemented one after the other. It is the Central Service Department of this company that is responsible for the coordination of environmental issues concerns as well as management of the external collaborations. Chain management of environmental products, environmental management in relation to production and the responsibility of corporate social remain the responsibility of this department. In an effort to improve its operation and coordination within different departments within the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Comparative study two companies in the same area with regard to their Term Paper”, n.d.)
Retrieved from https://studentshare.org/management/1463987-comparative-study-two-companies-in-the-same-area
(Comparative Study Two Companies in the Same Area With Regard to Their Term Paper)
https://studentshare.org/management/1463987-comparative-study-two-companies-in-the-same-area.
“Comparative Study Two Companies in the Same Area With Regard to Their Term Paper”, n.d. https://studentshare.org/management/1463987-comparative-study-two-companies-in-the-same-area.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Identify a new initiative, need, situation, or problem that exists in my major area of study (Public Administration) see attachm
This paper describes the importance of public administration by analyzing terrorism in U.S. It highlights the relationship between the public administration department and the country’s security. Terrorism has taken its toll in most of the countries. U.S has been one of the countries which have been under the terroristic activities.
15 Pages(3750 words)Term Paper
Each student will provide the class with an overview of the marketing strategies used by two companies competing for the same cu
The company, including its predecessor, has been in operation since the early half of the 19th century. It has pioneered in practices considered to be hallmarks of contemporary business, such as marketing research and database creation, human resources engagement and profit sharing, consumer relations and research and development.
10 Pages(2500 words)Term Paper
Innovation
Therefore, the ability of an organization to innovate utilizing its resources and technology is an important condition for the success of any organization. But the introduction of new technology often creates a complex situation for the organizations which leads to the changes in managerial practices within the organization and also emergence of new forms (Lam, 2004, p.3).
4 Pages(1000 words)Term Paper
An Analysis of Two Comparative E-commerce Companies in China
However, China has failed to meet its full potential in the e-commerce market.1 Researchers have argued that in order for e-commerce to be successful, consumer trust in the e-business is entirely important, because consumer trust is promotes positive attitudes and a lack thereof is linked to negative attitudes toward perceptions of risk.2 It has also been argued that Chinese culture which is influenced by Confucianism which invariably commands collectivism is incompatible with e-commerce practices.
48 Pages(12000 words)Dissertation
Comparative study two companies in the same area with regard to their innovation activity
This process has been instrumental when driving operations in the electronic industry. Samsung and Apple focus on innovation to enhance growth. According to scholars, innovation entails improving the standards of operations, integration of new systems or infrastructure, value addition and enhancement of product range in institutions.
8 Pages(2000 words)Term Paper
Case study one and two
The company’s revenues are too small to attract investors. Since the firm is not a public corporation it can not take advantage of the stock market to raise capital for expansion. An alternative that the company can use to raise capital is to
2 Pages(500 words)Term Paper
Write a critique on students perception of online learning : A comparative study. - Karl L Smart & James J Cappel
Smart and Cappel also attempted to determine the differences between perceptions on the basis of demographic factors, as well as examine the perceived benefits, problems and limitations of online courses. Classroom component of
5 Pages(1250 words)Term Paper
The comparative case study of Developed (G-8 & G-20 countries)
Against the backdrop of this economic turmoil is the ever widening rift between the rich and poor among nations. As the rich are becoming richer, there are more
8 Pages(2000 words)Term Paper
Spreading Innovation
The innovation I found of particular interest is the used of text messages and nurse follow-up in an effort to enhance individual behavior or actions relating to self management (U.S. Department of Health and Human Services Agency
1 Pages(250 words)Term Paper
Same Sex Marriage

The author states that in Christian perspective, it is the Bible and The Holy Scriptures where the controversial attitude towards gay relationships and marriage descends from. Different interpretations of the Bible promote opposing opinion on same-sex marriage, though Christian texts do not explicitly talk about gay marriage.

7 Pages(1750 words)Term Paper
Let us find you another Term Paper on topic Comparative study two companies in the same area with regard to their innovation activity for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us