1. How long has Innovation been part of your organization’s management agenda?
Less than 3 months
3 to 6 months
6 to 12 months
One to two years
Two to five years
More than five years
Is not currently on management’s agenda
Don’t know
* 2. Please elaborate on your answers (Optional)
* 3. Which of the following are drivers for your organization to seek innovation? | Primary driver | Secondary driver | Not a driver | Don't know | Insufficient growth | Insufficient growth Primary driver | Insufficient growth Secondary driver | Insufficient growth Not a driver | Insufficient growth Don't know | Price pressures | Price pressures Primary driver | Price pressures Secondary driver | Price pressures Not a
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Please elaborate on your answers (Optional)
* 7. Approximately what proportion of your company’s annual operating budget is devoted to innovation and innovation-related activities?
Less than 2%
2% to 5%
5% to 10%
10% to 25%
More than 25%
Don’t know
* 8. Please elaborate on your answers (Optional)
* 9. How is your organization structured to manage innovation efforts? (pick the best description)
Nothing established / we are just starting out
Innovation exists at the departmental level only, i.e., no company-wide agenda / team
Centralized innovation team acting independently from other functions / Business Units
Centralized innovation team actively driving a corporate
Please choose from one (1) of the scenarios below. Note: The scenario that you choose in this assignment will be the one (1) with which you continue for Assignment 2.
Describe the organizational forms a company might have as it evolves from a start-up to a major corporation. List the advantages and disadvantages of each form.
Q3. Do you agree with Mr. Clarkson’s estimation of the company loan requirements? How much will he need to finance the expected expansion in sales to $ 5.5 Mil. In 1996 and to take all trade discounts?
9. In rank order, what are the three administrative/management functions on which you spend most of your time?
Write a three to six (3-6) page paper in which you provide the following information below.
Discuss the approach your organisation used to manage its new initiatives especially new product developments.
What particular elements of each organization’s culture, processes, and management systems and styles work well to support innovation?
4. What’s your interpretation of the company’s philosophy posted prominently over the door of its design studio? What does it say about innovation?
Choose one real world organisation from one of the three sectors discussed in task one. Discuss this organisation in terms of the following:
Describe a firm you think has been highly innovative. Which of the four types of innovation—radical, incremental, disruptive, or architectural—did it use? Did the firm use different types over time?
1b. What are the significant changes in the activities of the company that have occurred since last year?
1. Describe the organizational structures and devices 3M uses to encourage entrepreneurial activity. Why do they work?
3. How would you characterize the current interdependence between departments? How should it be improved?
b. Create a cross-functional idea management committee comprising of people form R&D, finance, engineering and operations to meet and evaluate new product ideas.
In this assignment, I will discuss and analyze the general importance of R&D in an organization and then specifically analyze my R&D strategy for your company up through the first six rounds. I will also evaluate what was my initial strategy for R&D? Did that strategy work well? What did I change regarding R&D as the rounds progressed, and why? What did I base your R&D decisions on?