ipl-logo

Innovation Strategies: A Case Study

955 Words4 Pages

innovation strategy should align to its organizational strategy in order to propel sustained company growth. Rapid innovation occurs within firms with firmly established innovation strategy which is well understood by management and is aligned to other business areas. Management innovation starts with some form of dissatisfaction with the present situation (internal aspect) and continues due to the inspiration from others (external aspect). These indicators generally reflect the organizational processes, management systems and design of the firm’s innovation system (Howells, 1995).

According to Daft (1978) and Damanpour (1991), organizational innovation is characterized by the existence of new organizational capabilities which, in turn, produce …show more content…

Alternative measures of innovative output include the generating of new or improved products. Another potential set of innovation output measures are innovation statistics such as patents, patent quotes, trademarks, and designs. However, patents do not directly correspond to commercially viable innovations because enterprises often choose to internalize those that are commercially sensitive. Costs influence patent preference, thus creating situations in which patents are withheld from commercial application. Moreover, the technological level and the economic value of patents are extremely heterogeneous, and not all innovations are …show more content…

In order to construct the index, Carayannis uses a sample of 198 firms from a German innovation benchmarking competition. In the sample, 19 firms produced radical innovations and incremental innovations over the three year period prior to the ranking. The independent variables were innovation inputs (e.g., R & D expenditures, VC investment and top management attention to innovation) and innovation process (e.g., idea evaluation, concept testing protocols and innovation strategy). The dependent variables included output measures (e.g., new product to the firm or to the industry, sales and profits). As a result of the correlation analysis between the variables, Carayannis established that R & D expenditures correlate with the percentage of sales for firms which are radical innovators and that innovation correlates with venture capital provided for innovative needs. The number of patents correlates only with revenues and expected

Show More
Related

  • Hrm 531 Week 3 Quiz

    407 Words  | 2 Pages

    9. How likely is the innovation simpler? 10. How likely is that the management will easily ratify to integrate innovation in organizational policies? 11.

    Read More

  • Chipotle Mexican Grill Essay

    1114 Words  | 5 Pages

    Exhibit 7, “CMG Growth Comparison”, shows that in terms of revenue

    Read More

  • Lululemon Financial Analysis Essay

    400 Words  | 2 Pages

    There are two patterns visible in the revenue growth data for Lululemon. First revenue growth declined extremely quickly, and for two years, as a result of the economic crisis. After the crisis, there was a modest recovery followed by a return to decline. An ordinary least squares (OLS) regression analysis of the data indicated that Lululemon’s growth has been declining by nearly 9% a year over the measured period. If the OLS regression equation is accurate, then Lululemon will be in negative revenue growth territory by 2017.

    Read More

  • Essay On Financial Analysis Of Chipotle

    1423 Words  | 6 Pages

    Revenue Assumptions As discussed in the revenue analysis, the sales revenue of Chipotle depends both on the number of restaurant in operation and the average sales per restaurant. Thus, the revenue projections are devoted

    Read More

  • Fin Comparative Analysis Problem: Amazon Inc. Vs. Walmart Stores, Inc

    996 Words  | 4 Pages

    A firm may be compared to another one which is of a different size, technology and diversification of products. Rations do not consider the effects of inflation on a firm’s performance. For instance, increased sales may be due to increasing the selling price as a result of economical inflationary pressure. Moreover, ratios do not consider the non-quantitative characteristics of the firm such as customer loyalty, technological advancements and the corporate image.

    Read More

  • Financial Comparison Paper

    532 Words  | 3 Pages

    In this respect, Apple gained $7.98 dollars for every dollar in fixed assets, and Microsoft was middle of the pack. A comparison of total asset turnovers suggested Apple outperformed Google and Microsoft by generating 67 cents for every dollar in total assets. Analysis of asset utilization ratios indicated Apple’s financial performance outpaced Google and

    Read More

  • The Pros And Cons Of Intellectual Capital

    758 Words  | 4 Pages

    Dynamic capability the routines that include the essential structure of a firm and the evolutionary that fit between environment and a firm (Makkonen et al., 2014). Dynamic capabilities represent the ability of a firm to create new manufacturing processes and new products/services in order to rapidly respond to changing environments (Helfat et al., 2007; Teece, 1998). Dynamic capabilities also refer to a firm’s ability to integrate, establish, and redeploy internal and external resources into the best configuration in order to be able to create and develop new capabilities (Eisenhardt and Martin, 2000;Wu,

    Read More

  • Pros And Cons Of The European Union

    898 Words  | 4 Pages

    5.2.1. European Union - EU Established in 1951 as the European Coal and Steel Community by the six founding members, the EU chronologically has established a common market, common policies, a single market and finally a monetary union. Today, the EU has 27 member states and acts in a wide range of policy areas - economic, social, regulatory and financial - where its actions are beneficial to the member states. These include: Solidarity policies (also known as cohesion policies) in regional, agricultural and social affairs and Innovation policies, which bring state-of-the-art technologies to fields such as environmental protection, research and development (R&D) and energy. Europe’s mission in the 21st century is to: Provide peace, prosperity and stability for its people, Overcome the divisions on the continent, Ensure that its people can live in safety, Promote balanced economic and social development, Meet the challenges of globalization and preserve the diversity of the peoples of Europe, Uphold the values that Europeans share, such as sustainable development and a sound environment, respect for human rights and the social market economy.

    Read More

  • Us Patent Office Essay

    823 Words  | 4 Pages

    The way new goods, jobs, and industries are created is by new inventions. The creation of the Patent Office created an engine for the rapid introduction of new inventions in

    Read More

  • Bsbinn502 Week 3 Individual Assignment

    1091 Words  | 5 Pages

    PROFILE OF A GREAT INNOVATOR Report by Bagavathi Ghanesan, BSBINN502, Task 1 Innovation is an idea must be replicable at an economical cost and must satisfy a specific need. Innovation involves deliberate application of information, imagination and initiative in deriving different values from resources. It includes all processes by new ideas are generated and converted into useful products. In business, innovation often results when ideas are applied by the company to further satisfy the needs and expectations of the customers. There are four important types of innovation which are process, product, marketing and organizational.

    Read More

  • Swot Analysis Of A Business Plan

    3210 Words  | 13 Pages

    Taken together, the information described in the company 's business model, competitive position and prospects for its industry, in essence: its profit potential. Perhaps, most people will assess these topics, and if they are successful, in fact, buy a bike shop idea, but few investors spend too much time thinking about them when they are analyzing the possible acquisition of shares. This is unfortunate, because if they did, they would make more informed investment decisions. So, from time to time, we will present some ideas for assessing a company 's earnings potential.

    Read More

  • Tim Berners-Lee: Appropriate Inventions

    481 Words  | 2 Pages

    As defined by a dictionary, an invention is characterized as the art of inventing or devising, and an inventor is defined as a person who creates or invents things. However, such a dry definition does not completely grasp the creativity and genuine pursuit of improvement required to create an invention. The distinctness and uniqueness that separate inventors also separate inventions. Because of this, each invention has its own idiosyncratic function and undoubtedly affects a certain aspect of our daily lives. This variability not only leads to improvement but deems it necessary.

    Read More

  • Tesla Organizational Structure Summary

    727 Words  | 3 Pages

    There is no best indicator to measure innovation because a single measurement process can sometimes have a negative impact on the innovation process . Therefore Tesla will be using a set of metrics to measure the innovation process therefore the value of the innovation will increase within Tesla. (Sharma & Chrisman

    Read More

  • Emergent Strategy Case Study

    1931 Words  | 8 Pages

    Emergent strategy When change happens, an organization changes its strategy, which in turn, changes its structure, organizational culture, recruitment standards and etc. It indicates that strategy process is part of change process. As mentioned before, most change initiatives fail, no least because not engaging all employees in the process towards change (Stanleigh, 2008). We suggest that emergent strategy is a central part of successful change. One reason for this being that the foundation of emergent strategy is to involve more people in strategy making process (Mintzberg et al., 1988).

    Read More

  • Swot Analysis Of Shipping

    2757 Words  | 12 Pages

    The attractiveness is the overall profitability of the industry whilst unattractiveness drives down profitability. Thus using this model, it implies that profitability or the return is a constant integer, across firms and industries; however various studies established that different industries have different levels of profitability due to their diverse structure and circumstances they operate in. The model can also be utilized to develop an edge over competitors and rudimentarily for identifying a niche whether it is potentially feasible to manufacture new products, services or open new

    Read More

More about Innovation Strategies: A Case Study

Open Document