The Strategy Of The Cio

Alongside the entrepreneur spirit, Innovation is the process of taking new ideas and implementing them into the market. Key word being “new”, an innovation can be sometimes viewed as the application to better solutions that meet new demand-requirements, inarticulated needs or existing market needs. Innovative ideas range from: goods, services, products, processes, services, technologies or ideas that create value for which customers will pay for. For an idea to be an innovation, it must be replicable at an economical cost and must satisfy a specific need. This means is that one must be ready and willing put their new idea to the test. On the other hand, there is recognition that “innovation is also critical to cultural, environmental, social, and artistic progress as well” (Bullinger, 2006). With this stated, high-tech innovation is ultimately the reason why we can be thankful for the many new conveniences of the 21st century. Although we might see the forefront of innovation being very prominent in today’s world, innovation is truly nothing new. From the start of modern man times, innovative ideas have paved the way for civilization to advance and develop into what we are today and at the same time, we have barely begin to chip away at the tip of the iceberg of our true human potential. Some scholars believe that innovation is a

I. Concept Stage - Client Representative or CEO meets with Product Manager to describe big picture the goals for end product for spec generation.

Innovation is a cornerstone for any organization aspiring to set their visions high. The accentuation of an enterprise that needs to develop technology expeditiously would be: advertisement insights, analysing major trends and the need of a flair for professionalism which often brings us to crowdsourcing alternatives. "Innovation is: production or adoption, assimilation, and exploitation of a value-added novelty in economic and social spheres; renewal and enlargement of products, services, and markets; development of new methods of production; and establishment of new management systems. It is both a process and an outcome." (Edison & Torkar, 2013)

• Creating new concepts with a common vocabulary: The creation of new concepts and a novel vocabulary to go along with it is also one of the keys to innovation. Providing new framework and ideas is critical. New terms that express these ideas better are also equally important, apart from accelerating the change process they make the objectives very clear to personnel who are responsible for executing the proposed plan.

The next step will be to prepare the operation plans. The operation plans should also reflect the scope and goals of the business, and they should consider several elements like competition in the market, infrastructure and many things that can be fundamental in ensuring the business gains a competitive advantage. The last step is to integrate plans. It is important to make sure that the plans have been properly balanced so that they can be able to support one another. The plans should be clearly communicated to the people implementing them. It is also important to review the plans from time to time to make sure that they in line with the trends in the business environment.

The opinions of the CIOs in regards to the survey conducted is better understood and justified by the duties and responsibility that CIO job entails. The CIO responsibilities are vast across a health care organization. They oversee obtaining HMIS technology and applications. That includes the process of acquiring the technology, assuring it is excepted and implemented through proper practices of adoption. The CIO must make sure the HMIS and the health care organizations key objective and goals are aligned. In addition to continuously developing ways to improve the efficiency of administration, and effectiveness and productivity of clinical operations through IT application. Including, maintaining a secure organizational data by assuring

As we have learned in this program, innovation gives organizations a competitive advantage. Organizations that don’t move along with innovation and stay stagnant will perish, in the long run. According to Robert M. Grant’s Contemporary Strategy Analysis book, “competitive advantage is not only innovation in technology but also strategic innovation such as developing new approaches to doing business, creating value for customers from novel products, experiences, or modes of product delivery.” An example of this kind of innovation is Ikea and its new system of supplying customers that has reconfigured its entire value chain.

In this essay I will describe and explain the causes and consequences of disruptive innovation. Firstly I will write about what dualism is, why it is important and how to achieve it. I will continue with describing difficulties, which may occur on a company’s path towards it, namely overshooting and inability to recognize the start of a new industry cycle. Further on, I will go deeper in the reasons, why incumbents fail to recognize the new entrants on the market, specifically “attack from below” and other discontinuous patterns of change. In the end I will describe some of the responses taken by established companies to disruptive technologies.

The problem about this innovation is it can create conflict within the employees because this will be a major change to them. Change is difficult and when it comes to innovating in a business that has been working the same way for twenty years it can become difficult. It is important to consider the scope of the problem, is it too broad or is it nonrealistic. In this organization the stakeholders involved and that will be affected are the employees, and the suppliers. This innovation entails for the stakeholder to understand the importance of defining their roles, decision power, and commitment for the innovation plan (Deschamps, 2013).

Innovation refers to finding new ways to improve the existing products, services, processes, technologies, and employee performance in an organizational setup. In today's competitive business environment, organizations have to focus on bringing innovation in each and every aspect of their business operations; like products or service offerings, enterprise resource planning systems, marketing and promotional efforts, and organizational structure. The market challenges and competitive pressures also force organizations to use a blend of all these innovation processes in their business activities. Therefore, it is vital to give an equal focus on product innovation, process innovation, marketing innovation, and organizational innovation within the limited organizational resources and capabilities.

Everything is fair in love and war; and competition in a business environment is like a cold war. Innovation has always been the major strategy used by businesses around the world to stay competitive. The traditional paradigm of innovation was to improve the performance of the existing technology, thereby steeping up the performance trajectory. However, value creation for customers may be much simpler than high performing technology. There is

The disruptive business models are those that surprisingly manage top to make new markets and disrupt the existing markets. To discover these innovations, it requires a level of innovativeness and open-mindedness that will enable one to create new influential innovations. The discovery of a business model innovation usually starts with customer value propositions and customer segment. The business model brings about logic and provides vital data that demonstrates how a company can formulate itself and provide valuable input to customers. Furthermore, it facilitates the setup of revenue allocation, the costs and the various profit margins that the business delivers (Colovic, 2012).Furthermore, these different issues are also interrelated and, therefore, offer a competitive advantage besides bringing in huge profit margins.

Innovation offers the companies a competitive advantage. Presently and within the future, more than any time in history, the key to competitive advantage is innovation. However innovation will facilitate businesses meet all of their strategic challenges, not simply competition; to illustrate, in confronting accelerating rates of change, globalization, apace advancing technology, a additional numerous workforce, associated a modification from an industrial to a knowledge-based economy. Meeting all of those challenges helps the firm attain competitiveness, and meeting these challenges suitably depends on innovation. Innovation allows a firm to workout its challenges in distinctive ways in which build competitive advantage either through relative differentiation, a relative low-priced position, or few acceptable level of each. Innovation cannot assure success, however success cannot be achieved within the end of the day without it.

This is the first stage and it is easy and less expensive to generate, but the most expensive part of this is making it a reality. The activities involved are carrying out a research using SWOT analysis (Strength, Weakness, Opportunities and Threat), focus group and corporate spies to get an idea into developing a new product. Creating the idea and gathering information from customers by watching and listening to them is another activity involved in idea generation and determine if the offering is worth pursuing. The idea can come from anywhere; it could be from employee, customers, suppliers, competitors and distributors.

1. Idea Generation: Idea generation is the actual development of ideas that can become products or services. Either competitors, employees, suppliers, or customers can be the generators of these ideas. Idea generation is the first step in the offered get development process and is often the least costly financially speaking.