Business Innovation Case Study

Business excellence through Innovation and best practices are main agenda for today to all companies. One reason is that innovation has become a way to differentiate and compete for scarce demand, particularly during the recent slowdown. “Industries are being commoditized at a faster rate and you have to look for ways to create more value and set yourself apart,” (Braden Kelley). “Innovation is one of the few ways to do that because people use the same best practices for operational excellence. The way they innovate and the culture they build are the ways they can differentiate.” The briskness at which products are commercialized is a real challenge for companies today because the innovation advantage just doesn’t last as long as it used to.

To understand the key issues for innovation that could lead to growth opportunities in decline markets.

3. To analyze the best practices innovation in business excellence that could play key role in value creation in Microsoft.

CONCEPT OF BUSINESS EXCELLENCE:

Business excellence aims are to get better fiscal reputation and practice of the firm. This is usually being achieved by execution of value upgrading programs that would finally result in amplify in sales volumes and of itinerary revenue. On the other hand innovation overall objective is also to improve the performance of the innovative firm and improve its financial position by creating new products or services or even new innovative strategies or policies and procedures that will ultimately result in increasing sale and of course revenues.

The best practices and innovations are possible through:

Creative leadership: Organization’s junior leading group should dispose guiding principle and engender a client central point, logical and manifest executive standards and high expectations for the workforce. The directions, values and expectations should balance the needs of all stakeholders of the concerned

BE is about achieving excellence in everything that an organization does (including leadership, strategy, customer focus, information management, people and processes) and most importantly achieving superior business results. Business excellence models are frameworks that when applied within an organization can help to focus thought and action in a more systematic and structured way that should lead to increased performance. The models are holistic in that they focus upon all areas and proportions of a business, and in particular, factors that build achievement. These methods are worldwide accepted as both providing a framework to assist the adoption of business excellence principles, and an effective way of measuring how