StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Business Innovation - Essay Example

Comments (0) Cite this document
Summary
Finnish based Nokia is the largest maker of mobile telephones in the world and boasts of more than 50,000 employees at 16 countries in nine countries. Its innovative corporate culture has played a key role in capturing 40 percent share of the global handset market.
Nokia…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.5% of users find it useful
Business Innovation
Read TextPreview

Extract of sample "Business Innovation"

Download file to see previous pages The companys goals and culture are embedded into the actual design and management of its facilities (Fitzgerald, 2001). For instance, the company’s buildings have large windows, warm colors and fabrics, open floor plans, recreation areas and fitness centers. This enables the company to connect indirectly with its employees while providing an environment that allows for a more productive and interactive workforce. The companys catch phrase too, Connecting People, is symbolic of the culture, which helps define the purpose of its physical facilities.
Their culture encourages employee participation through open discussions and debates. Nokia’s culture promotes good communications, which is integrated into every day interaction with and between employees (Nokia, 2006). They have performance-management system, called Investing in People (IIP) involves discussions between employees and their managers, twice a year. They have flexible working hours, study leave and health-care services and recreational activities (HRM Digest).
Another company having innovative culture is Procter & Gamble (P&G), America’s biggest maker of household products. There is a shift in P&G’s culture from a conservative, slow-moving, bureaucratic attitude to a modern, fast-moving, internet-savvy organization (CorporateWatch, 2006). They have introduced a new system of attracting the right talents in its fold with a view to make faster and better decisions, cut red tape, reduce costs of systems and procedure while setting more aggressive sales goals.
Go, Give and Grow is a scheme that has struck chord with the youth. This scheme gives the graduates the opportunity to make their personal contribution to humanitarian projects before they start their career with P&G (HRMID, 2006). The new graduates selected for employment with P&G get a chance to work for 12 months in a developing country with the World Health Organization (WHO) or Unicef. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business Innovation Essay Example | Topics and Well Written Essays - 1500 words”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1537274-business-innovation
(Business Innovation Essay Example | Topics and Well Written Essays - 1500 Words)
https://studentshare.org/miscellaneous/1537274-business-innovation.
“Business Innovation Essay Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/miscellaneous/1537274-business-innovation.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Business Innovation

Business Innovation - Six Sigma program and Motorola

...?Running head: SIX SIGMA PROGRAM AND MOTOROLA Business Innovation - Six Sigma program and Motorola Module: of submission: http://www.scribd.com/doc/19767551/Six-Sigma-at-Motorola Abstract Six Sigma has been an innovative strategy that many businesses especially in the manufacturing sector have adopted primarily to enhance efficiency in production. This business strategy helps in eliminating waste by controlling the level of defective production. Motorola is one such company that has hugely applied the Six Sigma in its production for quality assurance. Six Sigma has enabled companies to cut on their operational costs as a result of having 99.9% of products free of defects. This process saves a great deal of time that is used to improve...
10 Pages(2500 words)Term Paper

Information Technology for Business Innovation: Analysis of Sony's Strategies

...?Information Technology for Business Innovation: Analysis of Sony’s Strategies By How has SONY used technology to better market to its global customers? In the past few years, the internet technologies have become a main driver of financial growth, in view of the fact that the innovation offered by the internet tools and technologies has not only the changed but as well modernized the formation of every kind of business corporation (regardless of their nature and size i.e. small, medium and large). On the other hand, the use of the internet for carrying out business activities has become as common as fax machine, telephone, and business cards are used to perform business tasks. However, this uncontrollable expansion and modernization...
8 Pages(2000 words)Essay

Information Technology for Business Innovation

...?Running head: Information Technology for Business Innovation Number: Due Blockbuster and Technological Substitution Blockbuster is an American based company that offers video games and home video rental services initially through video rental shops but later adopted use of such distribution channels as DVD-by-mail, kiosks and streaming video on demand. At around 2009, the company faced stiff competition from other video rental companies such as Netflix and by the year 2010, it actually filed a bankruptcy and was later won by a company called Dish Network at an auction How has Blockbuster used technology better market to its global customers? As far as technology is concerned, there have been great advances in the movie industry and any...
8 Pages(2000 words)Essay

LITERATURE REVIEW ON A BUSINESS INNOVATION

...to the Rogers’s Diffusion of Innovation Theory. However, despite its significance and numerous applications, people are still considering various aspects before adopting 3D printing in their manufacturing companies. Nevertheless, 3D printing remains to be a fundamental aspect in the business world. Introduction 3D printing is one of the most celebrated business innovations that continue to influence the manufacturing and production industry. Also known as additive manufacturing, 3D printing is business and technological innovation that encompasses the process of making a three-dimensional solid product of any shape using a digital model...
7 Pages(1750 words)Essay

Entrepreneurial Business Innovation

...Entrepreneurial Business Innovation Table of Contents Entrepreneurial Business Innovation Table of Contents 2 Understanding of Value Creation Influenced by the Experience of Business Venture Planning 3 Introduction 3 The role of Business Leaders in Value Creation 3 Role of Business Leader Visible in the Proposed Plan 5 Conclusion 7 Developing a Strategy with Five Practical Steps to Improve the Venture 8 References 13 Bibliography 14 Understanding of Value Creation Influenced by the Experience of Business Venture Planning Introduction According to the Boston Consulting Group, the reputed global management consulting and advising firm, in these turbulent times of global economy, value creation should be given more attention and should...
9 Pages(2250 words)Essay

Design entrepreneurship-business innovation

...Design Entrepreneurship-Business Innovation Introduction: We were a group of four formed to assess our capacities for group function and leadership.As with any new group and task, members of the group had their individual perspectives on the manner in which to proceed towards the needed objectives that had been set for us. Naturally this led to discordant efforts, as each member tried in their own way to move the group in their preferred direction. This lack of organisation only meant that there was no forward movement in the required direction towards that which needed to be achieved, only more bantering and arguments with the louder voices having a larger say but the group remained unconvinced. In short chaos ruled and the area... Entreprene...
4 Pages(1000 words)Essay

CAD/CAM system and business innovation

...Running head: CAD/CAM INNOVATION IN BUSINESS CAD/CAM Innovation in Business Affiliation. CAD/CAM Systems and Business Innovation Howdo CAD/ CAM systems affect business innovation? This is an important concept to examine in today’s society, as technology becomes more and more important, and also affects both business and industry. The use of CAD/CAM has allowed for increased automation in the workplace, thus saving many businesses both time and money. Manpower is not necessarily relied on as much. This cuts back the worry of human error, but it also causes job loss in companies. Furthermore, not all employees welcome the idea of machines, because it does mean that they will have to re-train and change their daily working regime...
40 Pages(10000 words)Research Paper

Failed business innovation

However, not all innovations are successful. Some of the innovations after their launch fail due to a number of reasons that are inherent to their development. When an innovation fails, the companies may quit innovating or revise its strategies. For most innovators, failure acts as a trigger to innovate further. These innovators get better ideas from their failed experiments and in most cases, the innovations come out successful (Dalal, n.d.).
Failure and success occurs to both big and small businesses. How a business whether big or small deals with the outcome, determines how successful it can be in its innovation. An example of a failed business innovation is the COMET jet passenger liner.
COMET jet passenger liner known...
6 Pages(1500 words)Essay

The Success of Dell's Business Innovation Model

... offering of computer hardware to include a wide variety of products ranging from personal computers and storage devices to camera and printers. Dell now involves a considerable portion of IT services. Selling products produced by third party has been one of the common practices adopted by companies and Dell is no exception. Business Model The primary aim of an organization is to create value for its customers and deliver it to them at most affordable price. Business innovation is just the process by which an organization achieves this goal in the most successful manner. The idea behind any innovation is to create a unique business which enhances its value immensely and make it popular among the customers. It is believed that revamping...
7 Pages(1750 words)Case Study

Small Business Innovation Research Programs

...– the material available for the analysis of this issue will be limited. In these cases, alternative approaches can be used in order to examine the various aspects of a business – related issue. Towards this direction, it is noted that ‘a framework based on wisdom rather than knowledge alone provides strategic options for paradigm development in the field of small business and entrepreneurship research’ (Mathys et al., 2005, 657) - a field similar with the one to which the article under examination refers. Current paper focuses on the analysis of the article ‘Technological Entrepreneurship and Small Business Innovation Research Programs’ by Kropp, Fredric and Zolin,...
14 Pages(3500 words)Case Study
sponsored ads
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.

Let us find you another Essay on topic Business Innovation for FREE!

Contact Us